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Latest Stock Market News
Latest Stock Market News
03:26am, Friday, Jul 26, 2024
Man Group (LSE: EMG) reports a 17.5% increase in assets under management, reaching $178.2 billion, driven by strong liquid credit strategies. Despite a 65% drop in net inflows for 2024, CEO Robyn Grew remains optimistic about future market adaptability.
02:28pm, Thursday, Jul 25, 2024
U.S. GDP surged 2.8% in Q2, surpassing expectations, but economists warn of a potential peak amid slowing consumption. Business investments remain strong, yet a weakening labor market may lead the Fed to cut rates. Traders should monitor upcoming economic indicators closely.
02:24pm, Thursday, Jul 25, 2024
Political affiliations in cryptocurrency are shifting, with Trump set to speak at the Bitcoin 2024 convention. The Republican Party is courting crypto supporters, aiming for favorable regulations amid rising PAC influence and changing political dynamics.
02:19pm, Thursday, Jul 25, 2024
Oil prices rose modestly amid positive U.S. economic indicators hinting at increased crude demand, despite concerns over declining Chinese imports. Brent crude reached $82.01, while WTI hit $78.13. Geopolitical tensions and wildfires in Canada add complexity to the market outlook.
02:15pm, Thursday, Jul 25, 2024
The S&P 500 rebounded on Thursday as traders bought tech stocks amid hopes for Fed rate cuts. IBM surged 5% on AI demand; ServiceNow jumped 15% on strong earnings. Meanwhile, Ford plummeted 17% after disappointing results. Market volatility presents both risks and opportunities.
09:11am, Thursday, Jul 25, 2024
Stock market declines as S&P 500 and Nasdaq hit worst lows since 2022. Disney's "Inside Out 2" becomes the highest-grossing animated film ever.
03:02am, Thursday, Jul 25, 2024
AstraZeneca (NASDAQ: AZN) raises its 2024 revenue and profit forecasts, fueled by a 19% sales surge in oncology.
08:38am, Wednesday, Jul 24, 2024
Explore Wednesday's key market shifts: stock index changes, premarket activity, and trends in real estate sales and pricing.
08:17am, Wednesday, Jul 24, 2024
East West Bancorp (EWBC) reported Q2 2024 net income of $288M ($2.06/share), with loan and deposit growth of 2%. Recognized as a top bank by Bank Director Magazine, it achieved record fee income of $77M but anticipates net interest income decline. Traders should watch for growth amidst challenges.
08:17am, Wednesday, Jul 24, 2024
NVIDIA (NASDAQ: NVDA) shares dipped 1.6% after Elon Musk announced Tesla's plans to enhance its Dojo supercomputer project, raising concerns about GPU supply and pricing. Traders should monitor NVIDIA's market position amid Tesla's increasing competition.
08:02am, Wednesday, Jul 24, 2024
NextEra Energy (NYSE: NEE) reported Q2 earnings with an EPS of $0.96, beating estimates by $0.03, but revenue fell to $6.07 billion, below the $7.15 billion consensus. The stock is up 9.27% over three months, but down 4.41% year-over-year. Traders should watch for EPS guidance of $3.23-$3.43 for ...
07:53am, Wednesday, Jul 24, 2024
Thermo Fisher Scientific (NYSE: TMO) raises its annual profit guidance due to increased demand for biomedical tools, reporting strong second-quarter earnings. Despite a slight stock dip, positive signs in biotech funding suggest a promising outlook for investors.
08:48am, Tuesday, Jul 23, 2024
Invesco Ltd. (NYSE: IVZ) reports Q2 earnings with an adjusted EPS of $0.43, beating estimates. Revenue holds at $1.09B, while AUM grows to $1.7T. The firm plans share buybacks, emphasizing growth and shareholder value amid a strong market position.
08:46am, Tuesday, Jul 23, 2024
MSCI Inc. (NYSE: MSCI) reported a nearly 12% rise in Q2 adjusted profits, driven by increased client spending. With a 14.4% surge in recurring subscription revenue, the firm's strong performance amid market volatility makes it a compelling investment for traders.
08:40am, Tuesday, Jul 23, 2024
Samsung Electronics faces escalating labor tensions as negotiations with its main union reach an impasse amid an ongoing strike over pay and benefits. With crucial proposals due by July 29, concerns rise about potential impacts on production and stock performance in the semiconductor market.
08:38am, Tuesday, Jul 23, 2024
MakeMyTrip Limited (NASDAQ: MMYT) reported strong Q1 results, surpassing EPS expectations at $0.39 and revenues of $254.52M. The stock soared 3.7%, driven by robust growth in air ticketing and optimistic outlooks for India's travel sector.
08:15am, Tuesday, Jul 23, 2024
Lockheed Martin (NYSE: LMT) surpassed Q2 2024 expectations with EPS of $7.11 and revenues of $18.1 billion, driven by strong defense demand. The company raised its 2024 forecasts, highlighting robust cash flow and shareholder returns. A promising outlook for traders!
08:04am, Tuesday, Jul 23, 2024
Spotify (NYSE: SPOT) posted strong quarterly results, exceeding profit expectations and boosting shares by 14%. With a profit of €1.11 billion and EPS of €1.33, Spotify's cost-cutting measures are paying off, though it fell slightly short on user growth targets. Investors should watch for future ...
08:02am, Tuesday, Jul 23, 2024
HCA Healthcare's shares surged 7% premarket after Q2 results surpassed expectations, with revenues hitting $17.49B and EPS at $5.53. Strong demand led to raised 2024 EPS and revenue forecasts, reflecting positive trends in the healthcare sector.
04:04am, Tuesday, Jul 23, 2024
CrowdStrike (NASDAQ: CRWD) has dropped 23% in two days following a disruptive software update affecting multiple sectors. Traders should monitor key support levels at $261, $212, and $190, amid signs of overselling and potential rebound opportunities.
04:01am, Tuesday, Jul 23, 2024
Delta Air Lines faces operational turmoil following a cyber incident, leading to 4,000 cancellations and a 3.5% decline in shares. CEO Ed Bastian warns of further difficulties as systems recover. Customer dissatisfaction rises amid peak travel challenges.
03:58am, Tuesday, Jul 23, 2024
Wiz, an Israeli cybersecurity startup, has ended talks for a $23 billion acquisition by Alphabet Inc. (GOOGL) to focus on an IPO. Wiz's CEO, Assaf Rappaport, expressed optimism despite declining the offer, which would have marked Alphabet's largest acquisition.
08:22am, Monday, Jul 22, 2024
A look into the latest market shifts: major stock declines, President Biden's exit from the 2024 race, Nvidia's new AI chip for China, and crude oil surplus forecasts.
07:10am, Monday, Jul 22, 2024
Air Canada (TSX: AC.TO) revises its 2024 profit forecast due to market over-capacity and competition, projecting an adjusted EBITDA of C$3.1 billion to C$3.4 billion, down from C$3.7 billion to C$4.2 billion. Q2 operating revenue hits C$5.5 billion, shy of expectations.
03:48am, Monday, Jul 22, 2024
Nvidia (NASDAQ: NVDA) will launch a custom version of its "Blackwell" AI chips for China, adhering to U.S. export restrictions. Collaborating with Inspur, the new "B20" chip aims to outpace competitors. Nvidia's China revenue fell to 17% in FY2023 amid tightening U.S. semiconductor export controls.
03:36am, Monday, Jul 22, 2024
Vodafone (NASDAQ: VOD) has sold an additional 10% stake in Vantage Towers for 1.3 billion euros. This move aligns with its strategy to reduce debt, netting a total of 6.6 billion euros from Vantage Towers stake sales. Vodafone now holds a 44.7% effective ownership.
03:29am, Monday, Jul 22, 2024
Dolce & Gabbana explores fresh investment avenues, hints at potential stock market debut. CEO Alfonso Dolce emphasizes commitment to ethical growth amid robust revenue growth of 17% (€1.871B). Expanding in the US with 12 new stores, they signal promising investor prospects.
08:29am, Friday, Jul 19, 2024
Friday Markets: Stocks fell as tech shares dropped, businesses faced a major IT outage, Netflix exceeded earnings expectations, and AmEx raised its profit forecast.
04:00am, Friday, Jul 19, 2024
Major U.S. airlines, including American (AAL), Delta (DAL), and United (UAL), faced temporary grounding due to communication issues after Microsoft (MSFT) resolved a cloud service outage. Low-cost carriers, like Allegiant (ALGT) and Frontier, also experienced related disruptions.
03:13am, Friday, Jul 19, 2024
Hawaiian Electric Industries Inc. (NYSE: HE) faces a proposed $4 billion settlement over 2023 Maui wildfires lawsuits. The utility will contribute $1.5 billion, with other parties also paying. HE shares surged 51% to $19.20. Final judicial approval is pending.
03:11am, Friday, Jul 19, 2024
Schindler (SIX: SCHP) experienced a Q2 order intake dip to 2.98 billion Swiss francs, mainly due to a sluggish Chinese construction sector. Despite this, orders slightly exceeded expectations. Growth in service and modernization offset weak new installations in Asia-Pacific, excluding China. Posi...
03:08am, Friday, Jul 19, 2024
Charles Schwab (NYSE: SCHW) faced a tough week as its stock dipped following an earnings report and suspension of share buybacks to reduce debt. The company reported slightly better adjusted EPS of $0.73 but missed revenue targets. With investors wary and CFO Peter Crawford pinning hopes on futur...
03:04am, Friday, Jul 19, 2024
Microsoft (NASDAQ: MSFT) faced a significant disruption to its Azure and Office 365 services, grounding flights of Frontier and Sun Country Airlines. The issue, caused by a configuration change in Azure, continues to affect Microsoft 365 apps. Traders should monitor MSFT stock closely.
03:03am, Friday, Jul 19, 2024
Swedish defence firm Saab (STO: SAAB) posted a 25% rise in Q2 operating profit, surpassing expectations with 1.33B crowns ($125M). Driven by a record 176% surge in order bookings and growing global defence demands, Saab forecasts 15-20% organic sales growth for 2023.
08:36am, Thursday, Jul 18, 2024
Nasdaq sees worst drop since 2022; ECB holds rates steady, but United Airlines' Q2 profit surges with strong international travel demand
08:19am, Thursday, Jul 18, 2024
Ford pivots Oakville Assembly from EVs to F-Series Super Duty trucks, delaying electric SUV launch to 2027 amid slower EV demand growth.
05:02am, Thursday, Jul 18, 2024
Ray Dalio's Bridgewater Associates has notably increased its holding in Nvidia (NASDAQ: NVDA), doubling its position to 7 million shares, now worth over $600 million. With Nvidia leading AI advancements and showing strong fundamentals, this strategic move underscores Bridgewater's bullish outlook...
04:59am, Thursday, Jul 18, 2024
QuantumScape Inc. (NYSE: QS) saw a stark 29.2% decline in early 2024 but rebounded 78% in July, with a year-to-date gain of 27%. Key drivers include a new deal with Volkswagen's PowerCo and advancements in their solid-state battery tech. Financially strong, the company is set for future growth. ??
04:53am, Thursday, Jul 18, 2024
Kinder Morgan (NYSE: KMI) faced a challenging Q2, with higher costs and weak CO2 performance contributing to a revenue miss at $3.57B, falling short of analysts' $4.13B forecast. Despite a 6.3% drop in CO2 core profit and earnings missing estimates, the company is optimistic about future natural ...
04:48am, Thursday, Jul 18, 2024
Nokia (NYSE: NOK) reported a 32% drop in Q2 operating profit due to weak 5G equipment demand, with profits falling to €423M compared to €619M last year. CEO Pekka Lundmark remains cautiously optimistic for H2, maintaining the full-year outlook. Follow Nokia closely for potential recovery.
