Today: September 20, 2024
Today: September 20, 2024

Stocks

Business|Economy

Weakness in Europe drives down Daimler Truck shares

Daimler Truck shares fell as much as 6.5% on Friday as the German truck and busmaker highlighted weakness in its European market after reporting

Weakness in Europe drives down Daimler Truck shares
Business|Economy

Global hedge funds chase Hong Kong stocks rally, UBS says

Global hedge funds that use an equities long-short strategy are growing increasingly bullish on China, evidenced by the heavy pick-up in their purchases of Hong

Global hedge funds chase Hong Kong stocks rally, UBS says
Business|Economy

Glencore studying an approach for Anglo American, sources say

Commodities group Glencore is studying an approach for Anglo American, two sources said, a development that could spark a bidding war

Glencore studying an approach for Anglo American, sources say
Business|Technology

Reddit CEO beneficially owns 61.5% of class A shares, regulatory filing shows

Reddit co-founder and CEO Steve Huffman beneficially owns 62.4 million Class A shares of the social media company, a regulatory filing showed on Friday.

Reddit CEO beneficially owns 61.5% of class A shares, regulatory filing shows
Economy|News

April US jobs report shows looser labor market, good news for Fed

U.S. job growth slowed more than expected in April and annual wage gains cooled, signs of a looser labor market which are good news for markets and the Federal Reserve that will likely

April US jobs report shows looser labor market, good news for Fed
Business|Economy

SocGen's weak prospects in French retail hits shares

Societe Generale shares fell more than 5% on Friday after the bank's CFO flagged that net interest income in 2024 from the group's French retail business would be

SocGen's weak prospects in French retail hits shares
Business|Economy

Green light from financial conditions, FX calm

A look at the day ahead in Asian markets.

Green light from financial conditions, FX calm
Business|Economy

Morning bid: Cooler US takes edginess off markets, UBS jumps

A look at the day ahead in U.S. and global markets from Mike Dolan World markets have returned to levels of almost month ago as fears of an overheated U.S. economy abate even as corporate profit

Morning bid: Cooler US takes edginess off markets, UBS jumps
Business|Economy|Technology

GlobalFoundries forecasts Q2 revenue, profit above estimates on chip market recovery

GlobalFoundries forecast second-quarter revenue above Wall Street estimates on Tuesday, betting on improving demand for semiconductors after a years-long slump that was caused by surplus

GlobalFoundries forecasts Q2 revenue, profit above estimates on chip market recovery
Business|Economy|Health

Tylenol maker Kenvue to cut 4% jobs, beats quarterly profit estimates

Kenvue will cut 4% of its global workforce amid investments to grow its key brands, the Tylenol and Band-Aid maker said on Tuesday, as it topped beat Wall Street estimates for first-quarter

Tylenol maker Kenvue to cut 4% jobs, beats quarterly profit estimates
Business|Economy|Technology

Uber shares tumble as weaker ride-share demand hurts Q2 forecast

Uber posted a surprise quarterly loss and forecast gross bookings below Wall Street expectations, sending its shares down 9% and putting the ride-share and food delivery

Uber shares tumble as weaker ride-share demand hurts Q2 forecast
Business|Economy

Robinhood's crypto business drives massive earnings beat

Online brokerage Robinhood Markets beat estimates for first-quarter profit on Wednesday, thanks to robust crypto trading volumes and rate hikes that

Robinhood's crypto business drives massive earnings beat
Business|Economy|Technology

Bumble revenue beats estimates on paying users strength, shares jump

Bumble beat Wall Street estimates for first-quarter revenue on Wednesday helped by growth in its paying users, sending the company's shares up more than 9% in aftermarket

Bumble revenue beats estimates on paying users strength, shares jump
Business|Economy|Food

Beyond Meat reports wider-than-expected Q1 loss, sales decline

Beyond Meat posted a wider-than-expected quarterly loss and an 18% drop in revenue on Wednesday as its higher priced plant-based meat products hit volumes.

Beyond Meat reports wider-than-expected Q1 loss, sales decline
Business|Economy|News

Stock market today: Asian shares are mixed after Wall St rally takes S&P 500 near record

Stocks in Asia are mixed after a rally on Wall Street that pulled the S&P 500 back within 1% of its record

Stock market today: Asian shares are mixed after Wall St rally takes S&P 500 near record
Business|Economy

Global stocks rally, Europe at record highs, dollar gains

A rally in global equity markets lifted stocks in Europe to record highs on Friday amid strong corporate earnings and hopes central bank

Global stocks rally, Europe at record highs, dollar gains
Business|Economy

Rate cut hopes fan risk rally

A look at the day ahead in European and global markets from Ankur Banerjee Investors are wearing their risk-on hats ahead of the weekend as renewed hopes of monetary easing take hold, a day after the

Rate cut hopes fan risk rally
Economy|News|Political

Forget market angst, just 'KISS' and make up: Mike Dolan

Worried about a hawkish Fed, over-valued stocks, teetering debt piles, volatile currencies, cliffhanger elections or rancorous geopolitics?

Forget market angst, just 'KISS' and make up: Mike Dolan
Business|Economy

Europe sees two-speed IPO recovery as smaller deals lag

A string of stock listings this year has infused new life into Europe's anaemic market for initial public offerings, but

Europe sees two-speed IPO recovery as smaller deals lag
Business|Economy

US equity funds draw largest weekly inflow in eight weeks

U.S. equity funds attracted significant inflows in the seven days to May 15, fuelled by expectations of Federal Reserve rate cuts following subdued U.S. jobs data and a softer-than-

US equity funds draw largest weekly inflow in eight weeks
Business|Economy

European banks' Goldilocks rally tempts back buyers... and bears

Investors are racing back into European bank stocks after a surprisingly upbeat earnings season, pushing their shares to multi-

European banks' Goldilocks rally tempts back buyers... and bears
Business|Economy

Earnings hurdle cleared - CPI fence up next

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street and world stock markets have cleared the first-quarter corporate earnings season comfortably enough to be back stalking

Earnings hurdle cleared - CPI fence up next
Business|Economy

Power of Powell lifts stocks ahead of US CPI

A look at the day ahead in European and global markets from Ankur Banerjee European bourses are poised to keep the rally going ahead of the always important U.S.

Power of Powell lifts stocks ahead of US CPI
Business|Economy

Upbeat earnings lift STOXX 600 to record high, real estate stocks shine

Europe's main share index notched a record high on Wednesday, as investors cheered robust earnings from the likes of UK's Experian and Germany's

Upbeat earnings lift STOXX 600 to record high, real estate stocks shine
Business|Economy

New stock records jump the CPI gun

A look at the day ahead in U.S. and global markets from Mike Dolan Markets seem to have got bored waiting for today's big U.S. inflation print and stocks zoomed to new records in advance, taking

New stock records jump the CPI gun

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