U.S. stocks opened higher on Monday, with the Dow gaining nearly 200 points out of the gate following its best day in two months. Hopes for multiple interest-rate cuts from the Federal Reserve before year's end have grown following Friday's jobs report, helping to lift both stocks and bonds. Bond p
Commerce department says gross domestic product growth decelerated to 1.6% at start of year as consumers slowed spendingAmerica’s leading stock indices came under pressure on Thursday after official data revealed that US economic growth slowed sharply to its weakest rate in almost two years.But as high interest rates take their toll on the world’s largest economy, inflation continues to loom large. Continue reading
Walt Disney (NYSE: DIS) recently reported its fiscal second-quarter
It said revenue per available room, or RevPAR, was up by 2.6% year-on-year
British cybersecurity flag bearer Darktrace is set to leave London’s stock market after agreeing a £4.3bn sale to US private equity firm Thoma Bravo. Shareholders will have to approve the takeover before it's rubber-stamped. The chair of Darktrace, Gordon Hurst, said the deal represents "an attractive premium and an opportunity for shareholders." "The proposed acquisition will provide Darktrace access to a strong financial partner in Thoma Bravo, with deep software sector expertise, who...
TOKYO (AP) — Asian shares mostly rose Friday despite worries about the economic outlook and inflation in the U.S. and the rest of the world. The Bank of Japan ended a policy meeting with no major changes, keeping its benchmark interest rate in a range of 0 to 0.1%. In March, it raised the key []
THE United States' unprecedented $95-billion supplemental financing package consisting of three bills passed by the US Congress and signed into law last February 24 by President Joe Biden is essentially to fund two existing wars by its proxies, and a third one expected against the superpower in the region, China.This consists of $61 billion to aid Ukraine fight Russia and $26 billion for Israel to continue its genocidal war against Palestinians in Gaza.Some $4 billion was allocated to Taiwan to...
In the face of growing global regulatory pressure on the crypto industry, the Biden administration’s intensified crackdown and the actions of regulatory bodies have prompted Senator Cynthia Lummis to issue a strong statement against the US government’s stance on the industry. Senator Lummis, a prominent supporter of Bitcoin and the overall crypto market, has advocated […]
Asian stocks rallied alongside a strong tech sector fuelled by impressive US earnings. Bank of Japan maintained its short-term interest rate target at 0-0.1 per cent. Oil prices climbed, while Microsoft and Alphabet shares surged post-earnings beats. Investors await US inflation data and focus on ExxonMobil and NatWest earnings.
US stocks saw a slight rise amid volatility. Asian stocks declined as Meta reignited tech sell-off, and the Japanese yen dropped below ¥155. Meta's stock fell 15 per cent, contributing to market turbulence. Despite this, oil and gold prices held steady. Investors now await US Q1 GDP data and earnings updates from Alphabet, Microsoft, Intel and Barclays.
Exxon Mobil and Chevron posted results this morning. Follow along for live stock news and updates on other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
A sharp post-earnings selloff for Walt Disney stock kept a lid on the Dow Tuesday.