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Latest Stock Market News
Latest Stock Market News
04:42am, Tuesday, Sep 24, 2024
Miniso Group (HONG KONG: 9896) shares plummeted 39.2% to HK$20 after announcing a stake acquisition in Yonghui Superstores. Despite a broader market rise, analysts caution about the ambitious move amid Yonghui's financial struggles.
08:56am, Monday, Sep 23, 2024
PodcastOne's Executive Chairman Robert S. Ellin invests $32,181 by purchasing 17,000 shares, raising his stake to 125,563. The company's Q1 revenue is projected at $13M, reflecting a 21% YoY increase. Analysts remain optimistic about future profitability as the stock rises 38.23% over the past mo...
08:41am, Monday, Sep 23, 2024
Biohaven Pharmaceuticals (NYSE: BHVN) reports promising clinical trial results for troriluzole, aimed at treating Spinocerebellar Ataxia (SCA). The stock surged over 20% in premarket trading, signaling investor optimism in the biotech sector's growth.
08:33am, Monday, Sep 23, 2024
The Fed’s rate cut lifts stocks, American Airlines pursues a credit card deal, and Intel gets a boost from investment interest. Here's what's next in finance.
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!
04:44am, Monday, Sep 23, 2024
Starbucks (NASDAQ: SBUX) reveals strong FY3Q24 earnings, with an EPS of $0.93, amid competitive pressures. Strategic partnerships in China and improved margins signal optimism for FY24, despite cautious consumer spending. Analysts maintain varied price targets, reflecting mixed sentiment.
04:01am, Monday, Sep 23, 2024
Apollo Global Management (NYSE: APO) is in talks for a potential $5 billion investment in Intel (NASDAQ: INTC), signaling confidence in Intel's turnaround efforts. As negotiations progress, traders should monitor the implications for Intel and the semiconductor industry.
03:18am, Monday, Sep 23, 2024
TELUS Corporation (TSX: T; NYSE: TU) shows strong financial health with an "Outperform" rating from RBC Capital Markets. Despite a revised price target of $25.00, its diversified services and stable revenue present solid growth potential for investors.
03:15am, Monday, Sep 23, 2024
Alaska Airlines (NASDAQ: ALK) faced a significant IT outage disrupting services, especially in Seattle. While resolved, lingering operational impacts are expected. Traders should monitor these developments as they may influence stock volatility and performance.
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.
09:09am, Wednesday, Sep 18, 2024
The average 30-year U.S. mortgage rate drops to 6.15%, its lowest in two years, as the Fed prepares for a potential interest rate cut.
08:51am, Wednesday, Sep 18, 2024
Markets hold steady ahead of the Fed’s interest rate decision, while oil prices fall on supply concerns and geopolitical tensions in the Middle East.
04:49am, Wednesday, Sep 18, 2024
Google (NASDAQ: GOOGL) has overturned a €1.49 billion antitrust fine from the EU, boosting investor confidence despite a recent loss related to a €2.42 billion fine. As regulatory challenges persist, traders should watch how these outcomes affect Google's market position.
04:37am, Wednesday, Sep 18, 2024
On September 18, 2024, key earnings reports include General Mills, Ermenegildo Zegna, and Grupo Supervielle before market open, while Steelcase and Sangoma Technologies report after market close. Stay updated for potential market impacts.
04:34am, Wednesday, Sep 18, 2024
Michael Conway steps down as Starbucks North America CEO after six months. Sara Trilling will now oversee retail operations amid ongoing operational challenges.
03:48am, Wednesday, Sep 18, 2024
The British stock market dipped slightly on Wednesday, with the FTSE 100 down 0.2%, as inflation data met expectations ahead of a pivotal Federal Reserve policy announcement. UK annual inflation remained at 2.2%, while service inflation rose to 5.6%, impacting the pound and export stocks.
09:05am, Tuesday, Sep 17, 2024
Tuesday Markets: The Dow reaches a new high as retail sales rise unexpectedly. Markets await the Fed's rate decision with bets on a 50-basis point cut growing.
05:14am, Tuesday, Sep 17, 2024
Microsoft adds new AI features to its 365 apps, enhancing productivity for businesses. Copilot gains traction, fueling growth and stock performance.
05:03am, Tuesday, Sep 17, 2024
U.S. Treasury yields remain stable as investors anticipate the Federal Reserve's interest rate decision, with a rate cut likely to impact bond markets.
08:28am, Monday, Sep 16, 2024
Week 38: The Federal Reserve may cut rates this week, DirecTV resolves ESPN blackout, and Boeing faces financial strain amid a growing labor strike.
04:40am, Monday, Sep 16, 2024
This week, notable companies reporting earnings include General Mills, Darden Restaurants, FedEx, and Lennar Corp. Key insights will be available post-market close on Wednesday and Thursday. Stay tuned for performance updates!
04:35am, Monday, Sep 16, 2024
Apollo Global Management (NYSE: APO) has secured a $1 billion deal with BP Plc (NYSE: BP) to fund its equity stake in the Trans Adriatic Pipeline, bolstering energy security in Europe and signaling potential growth in energy investments.
09:15am, Friday, Sep 13, 2024
Disney (NYSE: DIS) is making waves at the Emmy Awards, led by Dana Walden's vision. With standout series "Shogun," "The Bear," and "Only Murders in the Building," Disney secured a record 51 Creative Arts Emmys, showcasing its creative revival and securing industry momentum.
08:52am, Friday, Sep 13, 2024
Adobe's stock fell over 8% in premarket trading following a disappointing quarterly earnings forecast, sparking concerns about returns from AI investments. The company's projected revenues of $5.50-$5.55 billion lag analyst expectations, prompting fears of a market cap drop.
08:46am, Friday, Sep 13, 2024
S&P gains with tech stocks leading. Adobe shares fall on weak Q4 forecast. Boeing faces a strike as 30,000 workers walk off.
08:24am, Friday, Sep 13, 2024
Wells Fargo (NYSE: WFC) faces regulatory hurdles as the OCC raises concerns over money laundering safeguards, complicating its plans to lift the $1.95 trillion asset cap. Analysts warn this could delay growth ambitions, with shares lagging behind market performance.
08:02am, Friday, Sep 13, 2024
Radiant Logistics (NYSE: RLGT) reported a 750% surge in Q4 net income, reaching $4.78 million, with stable revenues at $206 million. Despite a 62.7% annual drop in net income, strategic acquisitions hint at future growth. Traders should monitor volatility and market dynamics.
07:57am, Friday, Sep 13, 2024
Farmer Brothers (NASDAQ: FARM) reported a 1% dip in net sales to $84.4M for Q2 FY2024, amid promising margin improvements. CEO John Moore highlights operational enhancements and new product rollouts, focusing on cash flow for sustained growth despite market challenges.
