Logitech Stock, Samsung, Key Earnings, and Other Tech News in Focus Today
Tech stocks were struggling for direction Tuesday at the end of a difficult month for the sector as investors awaited a raft of key earnings.
Tech stocks were struggling for direction Tuesday at the end of a difficult month for the sector as investors awaited a raft of key earnings.
While Tesla's stock was reaching all time highs back in 2021, car rental company Hertz made a big bet by buying up about 30,000 Teslas vehicles. The original order was for a whopping 100,000 Teslas, sending the EV maker's value soaring at the time. But as it turns out, that was an extremely costly mistake, […]
"We just kinda went crazy"
The Dow Jones Industrial Average is, at best, an imperfect barometer of stock market activity among a narrow band of very large US companies. It’s clunky, and too limited in scope for any Wall Street pros to pay serious attention to it.
The company said it is working to file its annual report for the fiscal year ended Dec. 31 and to report its first-quarter financial results of 2024. Polestar has 60 days from the date of the notice to submit a plan of compliance to Nasdaq, it said in a statement. A deficiency notice from Nasdaq is a formal alert sent to a company that is not meeting the minimum standards for continued listing.
(Bloomberg) -- Norway’s $1.7 trillion sovereign wealth fund has decided to exclude Adani Ports & Special Economic Zone Ltd. from its portfolio, citing “unacceptable” risks that the company is tied to human rights violations in war and conflict zones.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Slovak Premier Fighting for Life After Assassination AttemptJamie Dimon Sees ‘Lot of Inflationary Forces
Insider Monkey recently analyzed billionaire Druckenmiller’s latest Q1’2024 portfolio to see which AI stocks the billionaire was buying. Meta Platforms Inc (NASDAQ:META) is part of the 10 Best AI stocks to Buy According to Billionaire Stanley Druckenmiller. But the interesting question to answer is: Is Meta really the best AI pick of Druckenmiller? Meta Platforms […]
(Bloomberg) -- After a miserable year for share sales, Canada’s largest exchange is seeing a rebound thanks to mining firms raising capital as copper and gold prices have spiked.Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageA 25-Year-Old BofA Trader Dies Suddenly at Industry OutingWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceVoters Prefer Trump Over Biden on Economy. This Data Shows WhyChina Sells Record Sum of US Debt Amid Signs of Div
Loviner and Brad have two kids together, but have never set up a joint bank account and an expert has weighed in on why they may have made a wise decision. Find out more here.
Deutsche Bank strategists increased their year-end target for the S&P 500 index to 5,500, up from the previous 5,100.
ZURICH (Reuters) -Siemens reported on Thursday a drop in second-quarter earnings at its industrial business, as China maintained its trend of destocking longer than previously expected. Although Siemens expects an improvement in coming months, it was likely to come more slowly than previously thought, Chief Executive Roland Busch said. "A key reason is the muted development in China," he told reporters.
Stock market bulls regained control in May after April's decline interrupted an impressive five-month run from November to March, during which the market rose each month, with the S&P 500 gaining 25.3%.
As the stock market flirts with another round of all-time highs, the Nvidia earnings are just around the corner — and analyst expectations are high, once again. And almost no big stocks ever post that many triple-digit gains in a row.
The retailer’s blockbuster earnings are mostly thanks to its focus on groceries and e-commerce.
In new plans to revitalize its property sector, China is easing mortgage rules and encouraging local governments to buy unsold homes to develop more affordable housing. The move sent trade of China's Hang Seng Properties Index (^HSNP) climbing higher, as the rescue package comprises an urgent measure to prop up the country's suffering property market. Housing accounts for about a quarter of China's economy, and prices fell to their steepest levels in over a decade. Yahoo Finance's Seana Smith and Madison Mills break down China's plans and how they could affect global markets. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
(Bloomberg) -- India’s biggest ever high-yield rupee corporate bond, held by a number of global private credit funds, is casting a spotlight on pockets of stress within the nation’s credit markets. Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Jamie Dimon Sees ‘Lot of Infla
The Dow Jones Industrial Average, a laggard among the major U.S. stock indexes this year, got its moment in the spotlight on Thursday as it briefly broke above 40,000 points for the first time in its history.
The dollar found a footing on Thursday after falling sharply on Wednesday on the back of data showing a slowdown in U.S. inflation, while Japan's yen inched higher after jumping the previous day. Year-on-year core inflation - which strips out volatile food and energy prices - fell to its lowest in three years at 3.6%. Some analysts said Fed officials will want to see proof of inflation's downward path before countenancing cuts, a point made by Minneapolis Fed President Neel Kashkari on Wednesday.
Asian stock markets rallied on Thursday, buoyed by Wall Street's surge to all-time peaks overnight after a milder U.S. inflation report raised expectations the Federal Reserve will deliver two interest rate cuts this year. U.S. Treasury yields extended their retreat in Tokyo trading, sinking to six-week troughs. U.S. data on Wednesday showed the consumer price index (CPI) rose by 0.3% in April, below an expected 0.4% gain, raising hopes the Fed can cut rates by 50 basis points this year, with the first quarter-point reduction fully priced for September.
Amidst a backdrop of rising optimism in European markets, with Germany's DAX index notably climbing by 4.28%, investors are closely watching trends that could influence their portfolios. In such a market environment, growth companies with high insider ownership in Germany may offer a compelling narrative due to the alignment of interests between company insiders and shareholders.
(Bloomberg) -- Oil notched a weekly gain while futures stayed in a narrow range, with the outlook for supply and inflation in focus.Most Read from BloombergChina Attempts to End Property Crisis With Broad Rescue PackageA 25-Year-Old BofA Trader Dies Suddenly at Industry OutingWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulenceVoters Prefer Trump Over Biden on Economy. This Data Shows WhyChina Sells Record Sum of US Debt Amid Signs of DiversificationWest Texas Intermediate settled ab