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

Stocks

Economy|News

Equities edge higher with US 10-year yield, Powell and inflation in focus

MSCI'S global equities gauge barely gained ground on Monday, while the benchmark U.S.

Equities edge higher with US 10-year yield, Powell and inflation in focus
Business|Economy

Hedge funds buy commodity stocks at fastest pace in five months, says Goldman

Hedge funds bought commodity sensitive stocks in the week to July 5 at the fastest pace in five months, said a Goldman Sachs note to clients seen by Reuters on

Hedge funds buy commodity stocks at fastest pace in five months, says Goldman
Business|Technology

Corning raises second-quarter core sales forecast driven by AI boom

Corning raised its second-quarter core sales forecast on Monday, as demand for its fiber optic products surges with the rising adoption of generative AI technology, sending the specialty

Corning raises second-quarter core sales forecast driven by AI boom
Business|Economy|Technology

ASML shares touch 1,000 euro mark amid optimism over customer TSMC

ASML shares briefly crossed the 1,000 euro ($1,084.30) mark for the first time on Monday, an all-time high, following positive research notes on top customer TSMC ahead of both

ASML shares touch 1,000 euro mark amid optimism over customer TSMC
Business|Economy

Stock market today: Wall Street wavers following congressional testimony from Powell

Stocks closed mixed on Wall Street after testimony from Federal Reserve Chair Jerome Powell in front of Congress provided little new guidance on the Fed's plans on when it might lower interest rates

Stock market today: Wall Street wavers following congressional testimony from Powell
Business|Health

Indivior shares dive on profit warning, dropping of schizophrenia drug (July 9)

Drugmaker Indivior Plc slashed its 2024 profit forecast while signaling a slowdown in sales of its

Indivior shares dive on profit warning, dropping of schizophrenia drug (July 9)
Economy|News

Stocks rise with Treasury yields on pause, Powell boosts rate cut hopes

A global equities gauge rose to record levels on Wednesday while U.S.

Stocks rise with Treasury yields on pause, Powell boosts rate cut hopes
Business|Economy

US regional banks to face increased scrutiny as CRE exposure stifles buybacks

U.S. regional banks will probably stockpile more rainy-day funds and stay conservative on stock buybacks as losses from commercial real estate (CRE) loans are expected to

US regional banks to face increased scrutiny as CRE exposure stifles buybacks
Business|Economy

Porsche AG shares rise after investor call

Shares in luxury carmaker Porsche AG rose 3.9% and were among the biggest gainers in Frankfurt's blue-chip DAX index on Wednesday after positive brokerage comments

Porsche AG shares rise after investor call
Business|Economy

Late 2027 looms as 'realistic' date for Europe's stock market shake up

A coordinated move by stock markets in the European Union and Britain to catch up with Wall Street by halving the settlement time for transactions could realistically

Late 2027 looms as 'realistic' date for Europe's stock market shake up
Business|Economy

Nasdaq short interest down 1.8% in late June

Short interest on the Nasdaq fell 1.8% in the second half of June, the exchange said on Wednesday.

Nasdaq short interest down 1.8% in late June
Business|Economy

Costco Wholesale to hike annual membership fees after seven years

Costco Wholesale said on Wednesday it would hike annual membership fees for the first time in seven years for its U.S. and Canada customers, effective Sept. 1.

Costco Wholesale to hike annual membership fees after seven years
Business|Food

Barry Callebaut slides as high cocoa prices trigger more debt

Barry Callebaut shares fell on Thursday after the Swiss chocolate maker said quarterly sales volumes declined and cocoa prices had boosted its

Barry Callebaut slides as high cocoa prices trigger more debt
Business|Economy

Japanese stocks log biggest weekly foreign inflow in nearly six months

Foreign investors made hefty investments in Japanese stocks in the week ended July 5, driven by a market rally and optimism over the outlook for solid corporate earnings in the second half

Japanese stocks log biggest weekly foreign inflow in nearly six months
Business|Economy

PepsiCo quarterly revenue disappoints on slowing sales of snacks, beverages

PepsiCo missed expectations for second-quarter revenue on Thursday as a series of price hikes and competition from private-label brands slowed

PepsiCo quarterly revenue disappoints on slowing sales of snacks, beverages
Business|Technology

Ericsson Q2 tops forecasts on rising N.America demand for telecom equipment

Ericsson beat profit and sales forecasts on Friday after a demand pick-up in North America raised hopes of a recovery from broader market weakness, sending its shares to

Ericsson Q2 tops forecasts on rising N.America demand for telecom equipment
Business|Economy

Disinflation, rotation and a bruised dollar

A look at the day ahead in U.S. and global markets from Mike Dolan A violent rotation from Big Tech into small cap stocks followed the surprisingly benign June U.S. inflation report, while

Disinflation, rotation and a bruised dollar
Business|Economy

US companies head into earnings facing high expectations

U.S. companies releasing quarterly results in the coming weeks face investors who expect no less than stellar growth, with estimates particularly high for

US companies head into earnings facing high expectations
Business|Economy

Citi profit beats on surge in investment banking, services strength

Citigroup beat Wall Street expectations for second-quarter profit on Friday, boosted by a jump in investment banking, markets and services revenue, but

Citi profit beats on surge in investment banking, services strength
Business|Economy

Expected US rate cuts have investors looking beyond Big Tech

Looming U.S. interest rate cuts are presenting investors with a tough choice: stick with the Big Tech stocks that have driven returns for more than a year or

Expected US rate cuts have investors looking beyond Big Tech
Business|Economy

Buffett's Berkshire Hathaway sets, closes at record high

Berkshire Hathaway's share price set a record high on Monday, reflecting investors' confidence in Warren Buffett's company, which is often regarded as a microcosm of the

Buffett's Berkshire Hathaway sets, closes at record high
Business|Economy

Goldman Sachs profits more than double in second quarter as dealmaking comes back on Wall Street

Goldman Sachs has posted a 150% jump in its second quarter profits

Goldman Sachs profits more than double in second quarter as dealmaking comes back on Wall Street
Business|Health

UnitedHealth expects bigger hit to profit from tech unit hack

UnitedHealth forecast on Tuesday a bigger hit to annual earnings from a February hack at its tech unit, but maintained its full-year profit

UnitedHealth expects bigger hit to profit from tech unit hack
Business|Economy

Bank of America Q2 profits drop as higher interest rates slow down lending

Bank of America said Tuesday its profits fell in the second quarter, as higher interest rates ate into expenses, including its large consumer banking franchise

Bank of America Q2 profits drop as higher interest rates slow down lending
Business|Economy

Brokerage Charles Schwab's profit falls on weaker interest income

Charles Schwab's second-quarter profit fell 2% as the brokerage paid out more interest on client deposits and its own borrowings, sending its shares down 7.1% on Tuesday.

Brokerage Charles Schwab's profit falls on weaker interest income

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