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News Digest /
Alex Vellor
Author: Alex Vellor
05:44am, Monday, Sep 23, 2024
This week’s earnings announcements feature key players like AutoZone, Cintas, Micron, Jefferies, Accenture, Jabil, CarMax, Synnex, Costco, and Diageo. Key reports will occur before and after market hours. Stay tuned for results!
05:38am, Monday, Sep 23, 2024
European stocks stagnate as business activity in France and Germany declines. PMI data highlights slowdowns, signaling a potential German recession.
09:19am, Friday, Sep 20, 2024
VinFast (NASDAQ: VFS) reports a net loss of $773.5M for Q2, up 27% from Q1, despite a 33% revenue increase to $357M. Rising operational costs and a delayed $2B factory plan raise concerns for investors. Shares down 50% YTD amid high-risk expansion.
08:50am, Friday, Sep 20, 2024
Friday Markets: Nike CEO steps down, August's home sales results, and UAE strengthens its $1 trillion partnership with the U.S. through AI and investment.
08:30am, Friday, Sep 20, 2024
These 2 stocks show a potential in October 2024 following the recent Federal Reserve rate cut. Learn why they're worth watching.
07:21am, Friday, Sep 20, 2024
Germany's residential property prices fell 2.6% year-on-year in Q2, but a quarterly increase of 1.3% hints at potential stabilization. Traders should watch for opportunities as the market evolves amid rising interest rates and challenges for developers.
06:06am, Friday, Sep 20, 2024
Morgan Stanley downgraded ASML Holding (NASDAQ: ASML) from Overweight to Equal-weight, lowering the price target from €925 to €800, citing worries over earnings growth challenges in 2025-2026. ASML's shares fell over 1% in premarket trading.
06:02am, Friday, Sep 20, 2024
The U.S. government plans to invest $3 billion in 25 domestic battery manufacturing projects across 14 states, aiming to enhance capabilities, reduce reliance on China, and create 12,000 jobs. Key beneficiaries include Albemarle and Honeywell.
09:13am, Thursday, Sep 19, 2024
Fed's 50 basis point rate cut sparks volatility across stocks, while Bitcoin rallies 3.5%. Boeing faces strikes, Amazon hikes wages. Read the full breakdown here.
08:53am, Thursday, Sep 19, 2024
U.S. jobless claims rise slightly as Fed cuts interest rates by 50 basis points. Labor market remains healthy, with more rate cuts expected this year.
05:43am, Thursday, Sep 19, 2024
Key earnings announcements on September 19, 2024, include Lennar Corp, Darden Restaurants, FactSet, FedEx, and MillerKnoll. Stay updated on these reports that may influence market trends and investor decisions.
05:32am, Thursday, Sep 19, 2024
EU car registrations plunged 18.3% in August, the steepest drop in three years, driven by declines in key markets and a 44% fall in EV sales. Major automakers like VW and Tesla reported substantial losses, signaling volatility and potential opportunities for traders.
05:26am, Thursday, Sep 19, 2024
U.S. Treasury yields climb as the Fed cuts interest rates by 50 basis points, marking its first reduction since 2022. Investors await home sales data.
05:20am, Thursday, Sep 19, 2024
Asian markets soared following the Federal Reserve's 50-basis-point rate cut, boosting the S&P 500 and Nikkei. Optimism surrounds potential stimulus from China, while emerging markets gain from lower U.S. rates. Traders should brace for volatility ahead.