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Latest Stock Market News
Latest Stock Market News
09:02am, Monday, Dec 02, 2024
Monday Recap: Stocks slip as December begins. Stellantis and Intel announce leadership changes, while the Thanksgiving box office sets a new record with a $420M haul.
07:55am, Monday, Dec 02, 2024
Core Scientific (NASDAQ: CORZ) saw a 4.2% drop in premarket trading after announcing a $500 million private placement of convertible senior notes. Investors are weighing the benefits of this funding strategy against potential risks, impacting market sentiment.
05:49am, Monday, Dec 02, 2024
Key earnings reports this week include Salesforce.com, Marvell Technology, and Bank of Nova Scotia on December 3. Midweek, Royal Bank of Canada and Synopsys will report on December 4, followed by Toronto Dominion Bank and Kroger on December 5.
04:07am, Monday, Dec 02, 2024
XRP Rockets to Third-Largest Crypto as Investor Frenzy Follows Trump's Election and Regulatory Hopes
XRP has soared to the third-largest cryptocurrency, fueled by investor enthusiasm following Donald Trump's election. The token jumped nearly 15% to $2.50, reflecting a broader $100 billion surge in the crypto market amid expectations of favorable regulatory changes.
03:51am, Monday, Dec 02, 2024
Shares of Stellantis (STLAM) plunged over 7% after CEO Carlos Tavares resigned, prompting concerns about the company's future amid declining sales and a leadership vacuum. Analysts warn of potential challenges as Stellantis faces 2024 profit uncertainties.
07:43am, Friday, Nov 29, 2024
Treasury yields dipped Friday as markets eye a potential Fed rate cut in December. Inflation and labor data remain key factors in the decision.
07:37am, Friday, Nov 29, 2024
Canada's stock index futures rose 0.1% as traders await key GDP data, expected to show a slowdown in growth. The energy sector faced pressure from falling oil prices while gold and copper prices increased. Market volatility is anticipated ahead of rate decisions.
06:14am, Friday, Nov 29, 2024
Starbucks has opened a new café near South Korea's DMZ, offering views of North Korea. This unique spot highlights ongoing geopolitical tensions while attracting tourists. Traders should monitor its impact on Starbucks' brand and investments amid regional developments.
06:08am, Friday, Nov 29, 2024
Morris Chang, founder of TSMC, reveals in his autobiography that he once invited Nvidia CEO Jensen Huang to lead TSMC, but Huang quickly declined. Chang reflects on key industry moments and partnerships, providing insights for traders watching TSM and NVDA.
07:36am, Thursday, Nov 28, 2024
The FTC has launched an antitrust investigation into Microsoft (NASDAQ: MSFT), scrutinizing its software licensing and cloud practices amid shifting political dynamics. Traders should monitor how this scrutiny could impact Microsoft's operations and market strategy.
04:32am, Thursday, Nov 28, 2024
On November 28, 2024, key companies reporting earnings include Banco Bradesco (BBDO), Universal Corp (UVV), Compass Minerals (CMP), and Big Lots (BIG). Investors should focus on these results for insights into market trends and stock performance.
04:29am, Thursday, Nov 28, 2024
OPEC+ delays its meeting to December 5, opting for a virtual format amid falling oil prices. With crude hovering around $75, traders should monitor potential production changes that may impact the market significantly. Stay informed for vital updates!
09:55am, Wednesday, Nov 27, 2024
HP Inc. (NYSE: HPQ) exceeded Q4 earnings expectations with adjusted EPS of $0.93 and revenue of $14.1B. However, tepid Q1 guidance led to an 8% share price drop. Despite a 5% dividend increase, analysts raise concerns over future growth prospects.
09:53am, Wednesday, Nov 27, 2024
Charles Schwab (NYSE: SCHW) is set to enter the crypto market, responding to client demand for digital assets. New CEO Rick Wurster aims to "Schwabize" crypto trading, reducing spreads and eliminating commissions. Keep watch as they navigate this evolving landscape.
09:50am, Wednesday, Nov 27, 2024
Thanksgiving box office to top $200M+ with Disney's Moana Mae, Wicked, and Gladiator II. Key numbers point to a strong post-pandemic recovery.
09:49am, Wednesday, Nov 27, 2024
Potential turmoil looms for U.S. automakers Ford (NYSE: F) and General Motors (NYSE: GM) as tariffs up to 25% on imports from Canada and Mexico threaten supply chains and profitability. Analysts caution investors to stay alert for political developments.
09:44am, Wednesday, Nov 27, 2024
SOS Limited (NYSE: SOS) is set to invest up to $50 million in Bitcoin, reflecting its commitment to the crypto market as Bitcoin approaches $93,000. The move aligns with favorable U.S. regulations, aiming to bolster the company’s blockchain initiatives and enhance shareholder value.
09:41am, Wednesday, Nov 27, 2024
Delta, and United Airlines stocks hit highs as premium travel demand rises. Investors eye strong margins amid fleet challenges and low-cost carrier struggles.
09:41am, Wednesday, Nov 27, 2024
Baird initiates coverage of Expedia (EXPE) and Booking Holdings (BKNG), both rated 'outperform.' Expedia's target price is $225, while Booking's is $5,850. Resurgent travel demand and upgrades in technology drive optimism for growth in these key players.
09:16am, Tuesday, Nov 26, 2024
Tuesday Markets climb as Dow hits records, Trump preps tariffs, and retailers report mixed earnings ahead of Black Friday. Bitcoin retreats from highs.
12:59am, Tuesday, Nov 26, 2024
Qualcomm's interest in acquiring Intel is cooling due to complexities in a full takeover. Analysts suggest Qualcomm may consider targeting specific Intel segments instead. With Intel facing setbacks and stocks down over 50%, the semiconductor landscape remains volatile.
12:53am, Tuesday, Nov 26, 2024
UBS plans to fully acquire its securities joint venture in China, as BSAM divests its 33% stake for approx. 1.5 billion yuan. This move enhances UBS's market position, aligning with its strategy post-Credit Suisse merger. Traders should monitor this pivotal auction closely.
12:42am, Tuesday, Nov 26, 2024
Rivian Automotive (NASDAQ: RIVN) has received conditional approval for a $6.6 billion government loan to build a new Georgia factory. While this funding aims to boost EV production, ongoing challenges raise concerns for traders. Rivian's journey is crucial for market trends.
12:35am, Tuesday, Nov 26, 2024
Japan's JFTC is investigating Amazon Japan for potential antitrust violations, focusing on alleged pressure tactics towards third-party sellers. This scrutiny adds to Amazon's regulatory challenges, impacting market dynamics and presenting both risks and opportunities for traders.
12:29am, Tuesday, Nov 26, 2024
Google and Meta oppose an Australian bill restricting social media access for children under 16, citing rushed procedures and potential repercussions. Industry leaders warn of heavy fines for non-compliance as regulators and tech companies navigate this legislative challenge.
04:48pm, Monday, Nov 25, 2024
Leslie's Inc (NASDAQ: LESL) reported a Q4 net loss of $9.9 million, contrasting last year's $16.5 million profit, leading to a nearly 20% post-earnings drop in shares. CEO cites falling sales and one-time charges as key issues. Investors should stay alert.
10:08am, Monday, Nov 25, 2024
Intel Corporation (NASDAQ: INTC) shares rose 2% in premarket trading, fueled by a CNBC report that the company may secure an $8 billion grant from the U.S. Commerce Department under the Chips Act. This funding aims to enhance Intel's manufacturing amid ongoing challenges.
10:02am, Monday, Nov 25, 2024
Bath & Body Works (NYSE: BBWI) revises annual forecasts upwards, citing strong holiday demand, with shares jumping 12%. The firm projects a smaller sales decline and increased adjusted earnings per share, bolstered by new winter fragrances and younger consumer interest.
09:12am, Monday, Nov 25, 2024
Markets on Monday: U.S. stocks rise ahead of Thanksgiving. Investors eye retail earnings and holiday spending. Trump’s Cabinet picks and Bitcoin news draw attention.
08:51am, Monday, Nov 25, 2024
Unilever (NYSE: UL) unveiled a growth strategy focused on divesting non-core assets and boosting innovation. Highlights include a €1 billion food brand divestment and a goal for 2% volume growth. Analysts remain cautious about execution amid market challenges.
08:15am, Monday, Nov 25, 2024
Summit Materials (NYSE: SUMT) agrees to an $11.5 billion acquisition by Quikrete, marking a 29.2% premium per share. Driven by rising U.S. infrastructure spending, this deal signals shifting market dynamics in construction materials.
08:13am, Monday, Nov 25, 2024
TotalEnergies halts funding for Adani Group amid serious bribery allegations, coinciding with political turmoil in India. The Adani Group sees a drastic 11% stock drop as accusations of a $265 million scheme surface, shaking investor confidence.
07:37am, Monday, Nov 25, 2024
Bath & Body Works Soars 12.6% After Beating Earnings Estimates and Updating Guidance for Fiscal 2024
Bath & Body Works (NYSE: BBWI) surpassed Q3 earnings expectations with EPS of $0.49 and revenues of $1.61 billion, driving a 12.6% premarket share rise. The company has adjusted its 2024 guidance, anticipating a sales decline but showcasing resilience amid strategic investments.
07:27am, Monday, Nov 25, 2024
Canada's stock index futures rose 0.26% as traders anticipate crucial economic data this week, including U.S. GDP and inflation reports. Meanwhile, sector challenges arise with falling gold and oil prices. Stay agile as volatility looms ahead.
06:57am, Monday, Nov 25, 2024
This week, key companies reporting earnings include BHP Billiton, Agilent Technologies, Zoom, Dell Technologies, Analog Devices, and CrowdStrike. These announcements may significantly impact stock prices and investors' strategies across various sectors.
04:41am, Friday, Nov 22, 2024
Bitcoin is nearing the $100,000 milestone, driven by investor optimism following Donald Trump's election. With price surging 45% post-election, traders are closely monitoring its momentum and the evolving regulatory landscape. Stay informed!
03:26am, Friday, Nov 22, 2024
Kioxia, backed by Bain Capital, plans an IPO with a market cap of about $4.9 billion, aiming to raise 100 billion yen. Set for a December 18 debut on the Tokyo Stock Exchange, it offers intriguing opportunities amid semiconductor market fluctuations.
01:59am, Friday, Nov 22, 2024
Adani Group faces a significant stock and bond downturn as founder Gautam Adani is implicated in a $265 million bribery scheme, causing an $7 billion market cap loss. Investors are wary as the company defends its position amid potential fallout in international investments.
09:16am, Thursday, Nov 21, 2024
Markets are steady as Nvidia dips 3% after earnings, Target reels from a 21% drop, and Treasury yields fall slightly amid Fed anticipation.
06:18am, Thursday, Nov 21, 2024
Alibaba Group (NYSE: BABA) is consolidating its e-commerce operations into the Alibaba E-commerce Business Group, merging platforms like Taobao, Tmall, and AliExpress. Led by Jiang Fan, this move aims to streamline operations and enhance competitiveness, offering potential opportunities for inves...
