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

Stocks

Business|Economy

Trading app Robinhood unveils maiden stock buyback plan of $1 billion

Trading app Robinhood Markets launched its first-ever share buyback plan on Tuesday, saying it would repurchase $1 billion worth of stocks as it looks to grow beyond its startup phase.

Trading app Robinhood unveils maiden stock buyback plan of $1 billion
Business|Economy

Canada's BMO profit misses on higher loan loss provisions; shares sink

Bank of Montreal on Wednesday reported weaker-than-expected quarterly profit, hurt by higher loan loss provisions, and it warned that fewer central

Canada's BMO profit misses on higher loan loss provisions; shares sink
Business|Economy

Wall St drops as rate worries push bond yields higher

Wall Street opened lower on Wednesday, with investors turning risk averse as concerns around the timing and scale of the Federal Reserve's interest rate cuts pushed Treasury yields higher

Wall St drops as rate worries push bond yields higher
Business|Health

US health insurer shares fall after UnitedHealth flags Medicaid medical use

Shares of U.S. health insurers fell on Wednesday after UnitedHealth Group's chief executive said the company was keeping an eye on medical services used by

US health insurer shares fall after UnitedHealth flags Medicaid medical use
Business|Economy

Chinese companies rush to hike dividends, buy back shares in Japan-style reform

Chinese listed companies are rushing to buy back shares and lift dividends as they respond to regulators' calls that echo reform efforts

Chinese companies rush to hike dividends, buy back shares in Japan-style reform
Business

Birkenstock boosts annual forecasts on full-price selling, firm demand

Birkenstock raised its annual revenue and core profit forecasts on Thursday, betting on full-price selling and strong demand for its cork-based sandals and newer

Birkenstock boosts annual forecasts on full-price selling, firm demand
Business|News

SK Group chief ordered to pay $1 billion in divorce case; shares in SK Inc soar

A South Korean court ruled SK Group Chairman Chey Tae-won must pay more than $1 billion to his estranged wife as part of their planned divorce,

SK Group chief ordered to pay $1 billion in divorce case; shares in SK Inc soar
Business|Economy

Kohl's set for worst day ever on surprise quarterly loss, annual forecast cut

Department store chain Kohl's cut its annual sales and profit forecasts after posting a surprise quarterly loss on weaker consumer demand for its apparel and footwear

Kohl's set for worst day ever on surprise quarterly loss, annual forecast cut
Business|Economy

Stocks rebound while dollar, Treasury yields fall after US data

MSCI's global equities index staged an afternoon rebound on Friday as investors repositioned for month-end, while the dollar fell with Treasury

Stocks rebound while dollar, Treasury yields fall after US data
Business|Economy

Global equity funds record first outflows in five weeks amid rising U.S. yields

Global equity funds witnessed outflows for the first time in five weeks in the week ended May 29, hit by rising U.S.

Global equity funds record first outflows in five weeks amid rising U.S. yields
Business|Technology

Dell shares slump as heavy AI investments expected to dent margin

Dell Technologies shares tumbled about 18% on Friday, as the PC and server maker expects sizeable AI investments to dent its quarterly profit.

Dell shares slump as heavy AI investments expected to dent margin
Business|Technology

Tesla shareholder sues Musk for alleged $7.5 billion insider trading

A Tesla shareholder filed a lawsuit on Thursday accusing CEO Elon Musk of insider trading when he sold over $7.5 billion of shares of the electric car maker in late 2022, saying the

Tesla shareholder sues Musk for alleged $7.5 billion insider trading
Business|Economy

Stock market today: Asian shares decline after report shows US manufacturing contracted in May

Asian shares have retreated after a report showed that U.S. manufacturing contracted in May

Stock market today: Asian shares decline after report shows US manufacturing contracted in May
Business|Entertainment

GameStop leaps as investor known as 'Roaring Kitty' indicates he holds a large position in the stock

Shares of GameStop have soared following speculation that the man at the center of the pandemic meme stock craze owns a large number of shares of the video game retailer that may be worth millions

GameStop leaps as investor known as 'Roaring Kitty' indicates he holds a large position in the stock
Business|Economy

Hedge funds ditch shares as bullish bets hurt performance, says Morgan Stanley

Global hedge funds dumped equities last week, in a painful week for their portfolios as the U.S. main indexes fell and hit their long bets, Morgan Stanley said

Hedge funds ditch shares as bullish bets hurt performance, says Morgan Stanley
Business|Economy

Growth fears mount, 'bad news is bad news'?

A look at the day ahead in Asian markets. Asian markets could be in for a choppy ride on Tuesday, with investors unsure whether to interpret Monday's steep fall in U.S.

Growth fears mount, 'bad news is bad news'?
Economy|News

Stocks, commodities slip as soft US data signals cooling economy

World stocks and commodities slid on Tuesday as investors turned uneasy about evidence that the U.S. economy's "exceptionalism" may be

Stocks, commodities slip as soft US data signals cooling economy
Business|Economy

India shares plunge as Modi's likely narrower win causes policy worries

Indian stocks suffered their worst intraday fall since March 2020 on Tuesday and foreign investors sold the most on record, as vote

India shares plunge as Modi's likely narrower win causes policy worries
Business|Economy

Axos Financial shares fall after Hindenburg takes short position

Short seller Hindenburg Research on Tuesday disclosed a short position in digital bank Axos Financial, alleging lax underwriting standards and

Axos Financial shares fall after Hindenburg takes short position
Business|Economy

European shares snap three-day winning streak on commodities' drag

European shares slipped on Tuesday as falling commodity prices weighed on mining and energy stocks, though caution remained ahead of European Central

European shares snap three-day winning streak on commodities' drag
Business|Economy

Massachusetts regulator probes 'Roaring Kitty's' GameStop trades

The Massachusetts securities regulator is probing the trading activities of GameStop investor Keith Gill, who gained notoriety as stocks influencer "Roaring Kitty" during the 2021

Massachusetts regulator probes 'Roaring Kitty's' GameStop trades
Business|Economy|News

Political, market volatility spice markets up

A look at the day ahead in Asian markets.

Political, market volatility spice markets up
Economy|News

Stocks gain on rate cut bets as ECB meeting looms

World shares rose and U.S.

Stocks gain on rate cut bets as ECB meeting looms
Business|Economy

Hindalco-owned Novelis delays US IPO; shares slide

Hindalco Industries said on Tuesday its U.S-based unit Novelis has postponed its initial public offering (IPO) due to weak market conditions, sending

Hindalco-owned Novelis delays US IPO; shares slide
Business|Economy

Stock market today: Asian stocks are mixed ahead of key U.S. jobs data

Asian stocks are mixed after a steady Thursday on Wall Street as markets anticipate the key U.S. jobs data that will be revealed later in the day

Stock market today: Asian stocks are mixed ahead of key U.S. jobs data

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