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

Stocks

Business|Economy

Honda sets secondary share sale price at 3% discount in $3.16 billion deal

Honda Motor has priced shares in a secondary share sale at 1,664.5 yen each, or a 3% discount to Wednesday's closing price, valuing the deal at 497 billion yen ($3.16 billion), the

Honda sets secondary share sale price at 3% discount in $3.16 billion deal
Business|Economy|Technology

Chip stocks shed over $500 billion in value on China trade fears

Wall Street's semiconductor index lost more than $500 billion in stock market value on Wednesday in its worst session since 2020 after a report said the United States was

Chip stocks shed over $500 billion in value on China trade fears
Business|Economy

U.S. Bancorp's adjusted profit falls as deposit costs hurt interest income

U.S. Bancorp's adjusted profit fell about 10% in the second quarter on Wednesday, hurt by a decline in interest income due to higher deposit costs and muted loan demand.

U.S. Bancorp's adjusted profit falls as deposit costs hurt interest income
Business|Economy|Technology

For stocks, is AI the Emperor's new clothes?: McGeever

The shine may finally be coming off AI. If so, the rotation out of Big Tech into small caps that has emerged recently could quickly accelerate.

For stocks, is AI the Emperor's new clothes?: McGeever
Business|Economy

Hedge funds shed risk in tech megacap sell-off, Goldman says

Global hedge funds have been reducing their exposure to U.S. stocks for five days in a row amid a market-wide pullback in megacap tech-related stocks, Goldman

Hedge funds shed risk in tech megacap sell-off, Goldman says
Business|Health

Novartis lifts profit forecast for second time on Cosentyx, Entresto

Swiss drugmaker Novartis raised its 2024 earnings guidance for the second time on Thursday, driven by a gain in prescriptions for drugs including heart failure

Novartis lifts profit forecast for second time on Cosentyx, Entresto
Business|Economy|Food

Domino's Pizza warns of slower Q3 sales; shares fall

Domino's Pizza forecast sequentially slower third-quarter comparable sales on Thursday and trimmed its target for new international store openings, sending its shares

Domino's Pizza warns of slower Q3 sales; shares fall
Business|Economy|Technology

TSMC steadies the chips, ECB and Netflix eyed

A look at the day ahead in U.S. and global markets from Mike Dolan Another impressive earnings beat from Taiwan's chipmaking giant TSMC may help calm this week's tech stock rout, as the earnings

TSMC steadies the chips, ECB and Netflix eyed
Business|Health

Abbott raises profit forecast on strong medical device sales

Abbott Laboratories raised its annual profit forecast on Thursday after its second-quarter earnings edged past Wall Street estimates on double-digit growth in

Abbott raises profit forecast on strong medical device sales
Business|Economy|Technology

SunPower tumbles nearly 20% after pausing some operations

SunPower shares plummeted nearly 20% on Thursday after the solar company informed clients that it is pausing some operations, including deactivating lease and power

SunPower tumbles nearly 20% after pausing some operations
Economy|Europe|Finance|Stock Markets

Europe's STOXX 600 logs weekly decline as tech, resources shares weigh

European shares clocked weekly losses as a selloff in technology shares, some downbeat earnings along with falling commodity-linked

Europe's STOXX 600 logs weekly decline as tech, resources shares weigh
Economy|Finance|Technology

Investors count on earning to calm $900 billion US tech rout

As earnings season goes into full swing, bullish investors hope solid corporate results will stem a tumble in technology shares that has cooled this year’s U.S.

Investors count on earning to calm $900 billion US tech rout
Economy|Finance|Stock Markets

US equity funds attract big inflows in week to July 17

U.S. equity funds attracted big inflows in the seven days to July 17, driven by expectations of a U.S. interest rate cut amid cooling consumer prices and robust corporate earnings.

US equity funds attract big inflows in week to July 17
Business|Technology

CrowdStrike chaos could prompt rethink among investors, customers

American cybersecurity company CrowdStrike became a household name for all the wrong reasons on Friday, after a botched software update caused havoc around the

CrowdStrike chaos could prompt rethink among investors, customers
Business|Technology

Verizon hit by prepaid subscriber exodus after internet subsidy ends

Verizon Communications missed quarterly revenue estimates on Monday as fewer people upgraded their phones, while its prepaid wireless subscribers fell sharply

Verizon hit by prepaid subscriber exodus after internet subsidy ends
Asia|Business|Economy

Rare earths miner Lynas Q4 revenue falls on output slump, lower prices

Lynas Rare Earths posted a drop in quarterly revenue on Tuesday, hit by production decline at its Kalgoorlie facility in Western Australia and lower underlying prices,

Rare earths miner Lynas Q4 revenue falls on output slump, lower prices
Asia|Business|Finance

Toyota to launch $5.16 billion tender offer for own shares

Toyota Motor said on Tuesday it would launch an 807 billion yen ($5.16 billion) tender offer for its own shares.

Toyota to launch $5.16 billion tender offer for own shares
Finance|Stock Markets

Wall St ends slightly lower with Big Tech earnings on deck

Wall Street's main indexes ended slightly lower on Tuesday, having given up meager intraday gains in the final minutes of trading, as investors switched their focus to the

Wall St ends slightly lower with Big Tech earnings on deck
Business|Entertainment

Comcast misses quarterly revenue estimates on weak studio, theme park business

Comcast missed estimates for second-quarter revenue on Tuesday as the U.S. telecom and media firm had fewer movie releases during the period, while attendance at

Comcast misses quarterly revenue estimates on weak studio, theme park business
Business|Economy

Coca-Cola raises forecasts, bets on price hikes and ad blitz

Coca-Cola raised its annual sales and profit forecasts on Tuesday, as the beverage maker expects to benefit from price hikes and an advertising blitz, mainly in

Coca-Cola raises forecasts, bets on price hikes and ad blitz
Business|Economy|Finance

Kimberly-Clark raises annual profit forecast on higher prices

Kleenex tissue maker Kimberly-Clark on Tuesday raised its forecast for full-year profit after beating Wall Street estimates for second-quarter earnings, betting on higher prices and steady

Kimberly-Clark raises annual profit forecast on higher prices
Economy|Finance|Health|Stock Markets

Hospital operator HCA lifts annual profit forecast on strong demand

HCA Healthcare lifted its annual profit forecast on Tuesday due to strong demand for medical care and higher admissions, sending shares of the largest for-profit U.S.

Hospital operator HCA lifts annual profit forecast on strong demand
Business|Economy|Finance

Moody's raises 2024 profit forecast above estimates on robust demand for analytics

Ratings agency Moody's Corp raised its forecast for full-year adjusted profit above Wall Street estimates, driven by strong demand for its research and analytics products.

Moody's raises 2024 profit forecast above estimates on robust demand for analytics
Business|Economy|Finance

Sherwin-Williams raises 2024 profit forecast on upcoming residential demand

Sherwin-Williams on Tuesday raised its full-year earnings forecast and posted a second-quarter profit that beat estimates, as the paintmaker was helped by higher prices and increased sales

Sherwin-Williams raises 2024 profit forecast on upcoming residential demand
Economy|Finance|Stock Markets|Technology

Barclays raises 2024 S&P 500 target to 5,600 from 5,300

Barclays on Tuesday lifted its 2024 target for the benchmark S&P 500 index to 5,600 from 5,300 as it expects strong profit growth for mega-cap technology firms.

Barclays raises 2024 S&P 500 target to 5,600 from 5,300

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