Dow Jones futures rose slightly, along with S&P 500 futures and Nasdaq futures, as Treasury yields eased ahead of February’s ISM services index. broadcom (AVGO) and the artificial intelligence game C3.ai led gains overnight. x The stock market rally roared back on Thursday from opening lows, even as the 10-year Treasury yield decisively topped 4%. … Read more
SUV Aston Martin DBX707 Courtesy: Sassy Films | Aston Martin LONDON: British luxury car manufacturer Aston Martin Lagonda forecasts better returns this year, after extending its 2022 pre-tax losses due to a weakening UK currency. The company more than doubled year-over-year pre-tax losses to £495m ($598m) in 2022, from £213.8m in 2021, and said profit … Read more
Investors watch the stock market in a trading room on January 6, 2016 in Beijing, China. GVC | fake images While Asian stocks entered a bull market in January, the region’s benchmark index has since fallen more than 5% from its peak. The region’s rally, supported by China’s reopening, appears to have hit a wall, … Read more
key takeaways Home Depot (HD) reported fourth quarter and fiscal 2022 results on February 21, 2023. The home goods retailer missed expectations for revenue and comparable store sales, although earnings per share (EPS) beat estimates. Sales guidance for 2023 also fell short of analyst forecasts, sending shares lower. Home Depot (HD) was the worst-performing stock … Read more
The major indices rallied from session lows in afternoon trading on Tuesday. The Dow Jones Industrial Average was down more than 1.5%, falling below its 50-day moving average, while the Nasdaq, which has outperformed year-to-date, lagged, trading 2% higher. low. X The S&P 500 was also down 1.5% although its 50-day line remains above its … Read more
Lithium stocks plunged on Friday. The reason was a mystery. Now investors have an answer: it was because of the world’s largest maker of electric vehicle batteries, Contemporary Amperex technology or CATL, it did. A move by CATL (300750.China) is significant, but investors may have come to the wrong conclusion. The biggest risks from the … Read more
Shares of Raiffeisen Bank International AG fell in early trading on Monday after it disclosed that it had received a request for information from the Office of Foreign Assets Control, the unit of the US Treasury Department that enforces sanctions, last month. At 0819 GMT, the shares of the Austrian bank RBI, -7.78% they were … Read more