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

Stocks

Business

Disney inks agreement with ValueAct, secures its support for company's board nominees

Disney has a new ally in activist investor ValueAct Capital Management, garnering its support for the company’s board nominees as it continues to wage a proxy battle with Nelson Peltz

Disney inks agreement with ValueAct, secures its support for company's board nominees
Economy

Stocks set to snap 9-week win streak on Fed rethink; yen slides

Asian stocks wobbled on Friday, keeping global equities on track to snap a nine-week winning streak, while the dollar was poised for its strongest weekly advance

Stocks set to snap 9-week win streak on Fed rethink; yen slides
Business

Constellation Brands misses quarterly sales estimates on tepid wine, spirits demand

Corona beer maker Constellation Brands' third-quarter sales fell short of market expectations on Friday, as demand for its higher-priced spirits and wines slowed down in the face of sticky

Constellation Brands misses quarterly sales estimates on tepid wine, spirits demand
News

Analysis-Unloved healthcare stocks draw investors despite US election risks

The U.S. healthcare sector is showing signs of life after lagging in 2023 as investors bet cheap valuations will offset a tendency to underperform during

Analysis-Unloved healthcare stocks draw investors despite US election risks
Business

Microchip Technology forecasts further drop in third-quarter revenue

Microchip Technology on Monday forecast a further drop in its third-quarter revenue, citing lower shipment levels and a weak economy.

Microchip Technology forecasts further drop in third-quarter revenue
Economy

Marketmind: Japan shines as Wall St eyes CPI, bitcoin swings

A look at the day ahead in U.S. and global markets from Mike Dolan Roaring Japanese stocks at 21st century highs shone in an otherwise subdued day for world markets, with Wall St bracing for

Marketmind: Japan shines as Wall St eyes CPI, bitcoin swings
Business|Economy|News|World

Stock market today: Asian shares are mostly higher after a mixed close on Wall Street

Asian shares are mostly higher after Wall Street drifted to a mixed close

Stock market today: Asian shares are mostly higher after a mixed close on Wall Street
Economy

Analysis-US elections toss twist at markets fixated on Fed, economy

A U.S. presidential race that is about to heat up could add a fresh wrinkle to markets in 2024, as investors gauge the potential for post-election changes in

Analysis-US elections toss twist at markets fixated on Fed, economy
Business|Economy|News|World

Stock market today: Wall Street closes out its 10th winning week in 11 with a mixed finish

Wall Street drifted to a mixed finish as it closed out its 10th winning week in the last 11

Stock market today: Wall Street closes out its 10th winning week in 11 with a mixed finish
Business

Big U.S. bank profits fall on insurance fund charges, falling lending margins

Major U.S. bank fourth quarter profits fell on Friday as lenders put aside cash to replenish a government insurance fund dented by last year's bank failures, and as the rising

Big U.S. bank profits fall on insurance fund charges, falling lending margins
Economy

Fourth-quarter US earnings seen up 4.4% as reporting period kicks off

Fourth-quarter earnings for S&P 500 companies overall are expected to have increased 4.4% from a year earlier, LSEG data showed on Friday, just as results

Fourth-quarter US earnings seen up 4.4% as reporting period kicks off
Business|Economy|News|World

Stock market today: Shares fall in Europe after gains in Asia. US markets are closed for a holiday

European markets have opened lower while Asian markets were mostly higher as the week got off to a mixed start

Stock market today: Shares fall in Europe after gains in Asia. US markets are closed for a holiday
Business

TSMC's Q4 profit to slide 23%, focus on rebounding demand this year

Taiwan Semiconductor Manufacturing Co Ltd is expected to report a 23% drop in fourth-quarter profit on Thursday, but analysts predict better growth this year on the back of

TSMC's Q4 profit to slide 23%, focus on rebounding demand this year
Business

Nvidia, AMD shares jump as AI optimism spurs analyst price target hikes

Shares of Nvidia and Advanced Micro Devices jumped on Tuesday as investor optimism over the prospects of higher demand for artificial intelligence (AI)-powered

Nvidia, AMD shares jump as AI optimism spurs analyst price target hikes
Business

Spirit Airlines stock dips after US judge blocks $3.8 billion merger with JetBlue

Shares of ultra-low-cost carrier Spirit Airlines fell 10% in premarket trade on Wednesday, a day after a U.S. judge blocked the airline's planned $3.8 billion merger with rival JetBlue

Spirit Airlines stock dips after US judge blocks $3.8 billion merger with JetBlue
Business

Asia stocks struggle as China drags, rate cut bets dwindle

Asian shares were off to a tepid start on Thursday, weighed down by a murky economic outlook in China and expectations the global rate easing cycle may not come as

Asia stocks struggle as China drags, rate cut bets dwindle
Business

Tesla, Ford take top spots as most shorted stocks in 2023 - Hazeltree

Hedge funds took the most bets against auto companies Tesla, Ford, and communications company Charter Communications in 2023, a report by data firm Hazeltree said

Tesla, Ford take top spots as most shorted stocks in 2023 - Hazeltree
Business

Coatings maker PPG Industries beats fourth-quarter profit estimates

PPG Industries beat Wall Street estimates for fourth-quarter profit on Thursday, as the industrial coatings maker benefited from increased sales of vehicles as well as strength in its

Coatings maker PPG Industries beats fourth-quarter profit estimates
Business

Wendy's names PepsiCo executive as the burger chain's new CEO

Wendy’s Co. has named a longtime PepsiCo executive as its new CEO

Wendy's names PepsiCo executive as the burger chain's new CEO
Economy

Marketmind: Hot chips, China dips and UK retail swoons

A look at the day ahead in U.S. and global markets from Mike Dolan A fresh burst of chipmaker excitement around artificial intelligence and some punchy U.S. jobs data have reinvigorated Wall St and

Marketmind: Hot chips, China dips and UK retail swoons
Business

Super Micro Computer shares surge as AI server demand powers big forecast raise

Shares of Super Micro Computer jumped about 25% to a record high on Friday after the company projected quarterly results well above its current estimates due to strong

Super Micro Computer shares surge as AI server demand powers big forecast raise
Economy

Maligned US real estate sector draws buyers eyeing rate cuts

Falling inflation and expectations of an economic soft landing are buoying hopes for U.S. real estate stocks in 2024, even as the sector continues to lag the

Maligned US real estate sector draws buyers eyeing rate cuts
Business

ADM shares tumble on CFO probe, profit forecast cut

Shares of Archer-Daniels-Midland tumbled 12% in premarket trading on Monday after the company placed its CFO Vikram Luthar on administrative leave for an investigation and cut its full-

ADM shares tumble on CFO probe, profit forecast cut
Economy

Marketmind: Big Tech reports, China gets a grip, BOJ calm

A look at the day ahead in U.S. and global markets from Mike Dolan With Wall St stocks surfing record highs, Tuesday sees Netflix kick off a couple of weeks of Big Tech earnings updates stateside -

Marketmind: Big Tech reports, China gets a grip, BOJ calm
Business

J&J profit edges past Street view after deals delay Stelara competition

Johnson & Johnson on Tuesday reported quarterly results just above Wall Street expectations, helped by strong sales of its blockbuster psoriasis drug

J&J profit edges past Street view after deals delay Stelara competition

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