Month: July 2024
Japan’s Nikkei drops 3% as Asia-Pacific markets slide, tracking Wall Street sell-off
In a photo taken on November 4, 2019 a subway train crosses a rail bridge over the Han river, before the skyline of the Yeouido business district of Seoul. Ed Jones | Afp | Getty Images Japan’s Nikkei 225 extended its six-day losing streak to plunge 3%, leading losses among Asian indexes as the region […]
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BOJ to weigh rate hike next week, detail plan to halve bond buying, Reuters reports
The flag of Japan flutters at the Bank of Japan headquarters in Tokyo on Dec. 19, 2023. Kazuhiro Nogi | AFP | Getty Images The Bank of Japan is likely to debate whether to raise interest rates when it meets next week and unveil a plan to roughly halve bond purchases in coming years, sources said, signaling its resolve to steadily unwind its massive monetary stimulus. […]
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Watch: Biden explains his decision to exit presidential race, back Harris to take on Trump
President Joe Biden will delivered a speech from the Oval Office to explain his decision to drop out of the presidential race against former President Donald Trump, and laid out his plan for the remaining months of his term. It was the first time Biden has addressed the nation since exiting the race and endorsing […]
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Biden says ‘defense of democracy’ drove his exit in Oval Office address
U.S. President Joe Biden addresses the nation from the Oval Office of the White House in Washington, Wednesday, July 24, 2024, about his decision to drop his Democratic presidential reelection bid. Evan Vucci | Via Reuters President Joe Biden on Wednesday night told the American public that “the defense of democracy is more important than […]
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Nvidia supplier SK Hynix posts highest quarterly profit in 6 years on AI chip leadership
A man walks past a logo of SK Hynix at the lobby of the company’s Bundang office in Seongnam on January 29, 2021. Jung Yeon-Je | AFP | Getty Images SK Hynix, one of the world’s largest memory chipmakers, on Thursday said second-quarter profit hit its highest level in 6 years as it maintains its […]
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Want to cash in on emerging markets? Buy these ETFs, portfolio manager says
Interest in emerging markets has been growing and investors are now looking out for sectors and stocks best placed to benefit. “Emerging markets are too important to ignore,” says Malcolm Dorson, a senior portfolio manager at the U.S.-headquartered Mirae Asset, which has around $600 billion in assets under management. “Emerging markets have a multi-decade story […]
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Grayscale’s $9 billion head start in ethereum is at risk as big investors launch ETFs
Representation of cryptocurrency and Gayscale logo displayed on a phone screen. Jakub Porzycki | Nurphoto | Getty Images For crypto firm Grayscale, it’s deja vu in the ETF market. On Tuesday, the first spot ether exchange-traded funds hit the U.S. The ETFs will invest directly in ether, the cryptocurrency used in the Ethereum network, allowing […]
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Harris’ Wall Street allies strategize on private call, Rubin, Lasry, Wolf among them
U.S. Vice President and Democratic presidential candidate Kamala Harris arrives to boards Air Force Two at Joint Base Andrews in Maryland, U.S. on July 24, 2024. Brendan Smialowski | Via Reuters Vice President Kamala Harris’ allies on Wall Street huddled on a private Zoom call Wednesday to strategize how to defeat former President Donald Trump, […]
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Stocks making the biggest moves after hours: Chipotle, IBM, Ford, ServiceNow and more
Check out the companies making headlines in after-hours trading: Ford Motor — Ford shares tumbled 11% after the company’s second-quarter earnings came in much lower than Wall Street expected due to longtime warranty issues. The automaker posted adjusted earnings per share of 47 cents, significantly less than analysts’ forecast of 68 cents, per LSEG. Automotive revenue […]
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