Today: September 19, 2024
Today: September 19, 2024

Stocks

Economy

Marketmind: Refunding relief stokes bond-led bounce

A look at the day ahead in U.S. and global markets from Mike Dolan A more modest yearend schedule of Treasury debt sales than many feared helped bonds rally overnight while the Bank of Japan closed

Marketmind: Refunding relief stokes bond-led bounce
Business

Pinterest soars on rising Gen Z engagement, ad-market rebound

Shares of Pinterest surged 17% in premarket trading on Tuesday after a strong quarterly performance indicated that the image-sharing platform was riding a rebound in the advertising market

Pinterest soars on rising Gen Z engagement, ad-market rebound
Business

Morgan Stanley may pay $1 billion to resolve US probe into private stock sales - Semafor

Morgan Stanley may pay as much as $1 billion to resolve a long-running U.S. probe into how it handled private stock sales, Semafor reported on Tuesday.

Morgan Stanley may pay $1 billion to resolve US probe into private stock sales - Semafor
Business

Nvidia shares drop after report of canceled China orders

Shares of Nvidia Corp dropped by about 5% to a near five-month low on Tuesday following a Wall Street Journal report that the artificial intelligence (AI) giant

Nvidia shares drop after report of canceled China orders
Economy

Asia shares, bonds rally as Powell feeds hopes of end to rate hikes

Asian shares and bonds extended a global rally on Thursday as a non-committal Federal Reserve Chair had markets double down on bets that U.S. interest rates have

Asia shares, bonds rally as Powell feeds hopes of end to rate hikes
Business

Assurant Q3 profit surges on growth in global housing unit, investment returns

Insurer Assurant reported a surge in third-quarter adjusted profit on Tuesday, helped by the strong performance of its global housing unit and higher investment returns, sending shares up

Assurant Q3 profit surges on growth in global housing unit, investment returns
Economy

Marketmind: Japan's dramatic FX, bond market divergence

A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.

Marketmind: Japan's dramatic FX, bond market divergence
Economy

US stocks rally as Fed holds rates, prompts hope for end to hikes

Wall Street's major indexes closed higher on Wednesday with the Nasdaq's 1.6% advance leading gains, after the U.S.

US stocks rally as Fed holds rates, prompts hope for end to hikes
Business

Kraft Heinz lifts annual profit target as price hikes boost margin

Kraft Heinz beat Wall Street estimates for third-quarter profit and raised its annual forecast as the Jell-O maker's margins benefited from higher prices of its packaged meals and

Kraft Heinz lifts annual profit target as price hikes boost margin
Economy

Analysis-Wavering ‘Magnificent Seven’ draw bargain-hunters amid U.S. stock sell-off

A slide in the shares of the massive U.S. technology and growth companies that have led stocks higher this year is tempting investors hoping for bargains ahead

Analysis-Wavering ‘Magnificent Seven’ draw bargain-hunters amid U.S. stock sell-off
Business

AMD rises as AI chip sales prediction bodes well for rivalry with Nvidia

Shares of Advanced Micro Devices jumped nearly 6% on Wednesday, after an upbeat AI chip sales forecast signaled the company was making progress in its bid to catch up with market leader

AMD rises as AI chip sales prediction bodes well for rivalry with Nvidia
Business

Exclusive-US amusement park operators Cedar Fair, Six Flags in merger talks - sources

U.S. amusement park operator Cedar Fair LP is exploring a potential merger with peer Six Flags Entertainment Corp, people familiar with the

Exclusive-US amusement park operators Cedar Fair, Six Flags in merger talks - sources
Business

Douglas Elliman, Redfin, other realtors fall after $1.78 billion broker commission verdict

Shares in Douglas Elliman, Redfin, Compass and eXp World Holdings fell on Wednesday after they were sued for allegedly conspiring to

Douglas Elliman, Redfin, other realtors fall after $1.78 billion broker commission verdict
Business

Roku forecasts quarterly revenue above estimates

Roku forecast fourth-quarter revenue above Wall Street estimates on Wednesday, anticipating higher sales of its streaming devices and ad collections on signs of stability in the global

Roku forecasts quarterly revenue above estimates
Business|Economy|Technology

DoorDash orders surge 24% in the third quarter, helping to narrow the delivery app's losses

DoorDash reported better-than-expected sales in the third quarter as it gained users and they ordered more frequently

DoorDash orders surge 24% in the third quarter, helping to narrow the delivery app's losses
Business

Cognizant forecasts quarterly revenue below estimates on weak corporate spending

Cognizant Technology Solutions forecast fourth-quarter revenue below Wall Street estimates on Wednesday, as clients tighten their IT budgets in an uncertain economy, sending its shares

Cognizant forecasts quarterly revenue below estimates on weak corporate spending
Business

Aflac beats estimates for quarterly profit on higher premium income

Insurance provider Aflac on Wednesday reported third-quarter profit above estimates, helped by higher premium revenue from its U.S. unit and strong gains on its investments.

Aflac beats estimates for quarterly profit on higher premium income
Business|Economy|News|World

Stock market today: Asian shares follow Wall St higher on hopes for an end to Fed rate hikes

Asian shares have advanced after Wall Street roared higher on hopes that market-rattling hikes to interest rates are coming to an end

Stock market today: Asian shares follow Wall St higher on hopes for an end to Fed rate hikes
Economy

Marketmind: Markets fly on Fed and funding, Apple awaits

A look at the day ahead in U.S. and global markets from Mike Dolan World markets lapped up a combination of steady U.S. interest rates, rejigged Treasury borrowing and lower oil prices - with an eye

Marketmind: Markets fly on Fed and funding, Apple awaits
Business

Starbucks beats quarterly sales estimates as US demand holds strong

Starbucks beat Wall Street expectations for quarterly comparable sales on Thursday, as steady demand for its pricey coffees and cold drinks in North America offset a feeble recovery in

Starbucks beats quarterly sales estimates as US demand holds strong
Business

Bullish fund tied to Nvidia top performing ETF so far this year

An exchange traded fund (ETF) tied to high-flying shares of U.S. chipmaker Nvidia Corp is the top-performing ETF so far this year, as the frenzy around artificial

Bullish fund tied to Nvidia top performing ETF so far this year
Business

NYSE-parent ICE beats profit estimates on robust trading volumes

New York Stock Exchange-parent Intercontinental Exchange beat analysts' expectations for third-quarter profit on Thursday as a volatile market boosted

NYSE-parent ICE beats profit estimates on robust trading volumes
Economy

Marketmind: Peering past the policy peak

A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.

Marketmind: Peering past the policy peak
Business

Block shares soar as Street lauds strong 2024 forecast, buyback plans

Block's shares jumped nearly 18% before the bell on Friday and were set to open at their highest since mid-September, rallying on the payments firm's better-than-expected earnings forecast

Block shares soar as Street lauds strong 2024 forecast, buyback plans
Economy

US jobs growth slows more than expected in October

U.S. job growth slowed more than expected in October in part as strikes by the United Auto Workers (UAW) union against Detroit's "Big Three" car makers depressed manufacturing

US jobs growth slows more than expected in October

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