World
Super Micro announces 10 for 1 stock split
Sopa Images | Lightrocket | Getty Images Server company Super Micro Computer on Tuesday announced a 10-for-1 stock split and issued upbeat guidance for the first quarter. Here’s how the company did vs. LSEG estimates for the quarter that ended in June: Earnings: $6.25 adjusted vs. $8.07 expected Revenue: $5.31 billion vs. $5.30 billion expected […]
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U.S. crude oil rises as Wall Street rallies, market braces for expected Iran attack against Israel
U.S. crude oil rose above $73 a barrel on Tuesday as the market braces for an attack by Iran against Israel and Wall Street rallies after the sell-off in the previous session. West Texas Intermediate closed at a six-month low on Monday after equity markets sold off on fears that the U.S. economy might tip […]
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Where BlackRock’s Rick Rieder sees income opportunity amid the market volatility
As investors search for income amid the market volatility, high-yield bonds are an attractive place to be, according to BlackRock’s Rick Rieder. Stocks bounced back Tuesday after suffering steep losses in the prior session that led the S & P 500 and the Dow Jones Industrial Average to their worst performances since 2022. Treasury yields […]
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Why investors may want to wait before buying the dip: ‘Don’t rush to try to catch a falling knife’
It is not time to buy the dip just yet. The S & P 500 was higher Tuesday, one day after the broad market index posted its worst day in nearly two years amid revived fears of a recession. The broad market index lost 3%, its biggest one-day drop since 2022. The Nasdaq Composite dropped […]
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Kenya central bank cuts main lending rate by 25 basis points
Nairobi cityscape – capital city of Kenya, East Africa Jacek_sopotnicki | Istock | Getty Images Kenya’s central bank cut its benchmark lending rate by 25 basis points to 12.75% on Tuesday, saying there was scope for a gradual easing of its policy stance while ensuring continued exchange rate stability. “The MPC (Monetary Policy Committee) noted […]
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Dow rallies 200 points, S&P 500 up 1% as Wall Street rebounds from sell-off: Live updates
Traders work on the floor of the New York Stock Exchange during morning trading on August 06, 2024 in New York City. Michael M. Santiago | Getty Images Stocks jumped Tuesday, recovering some some losses from the previous trading session. The S&P 500 traded 1.3% higher. The Dow Jones Industrial Average rose 286 points, or […]
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Elon Musk slammed by government after comments on UK riots
Elon Musk attends ‘Exploring the New Frontiers of Innovation: Mark Read in Conversation with Elon Musk’ session during the Cannes Lions International Festival Of Creativity 2024 – Day Three on June 19, 2024 in Cannes, France. Marc Piasecki | Getty Images LONDON — The U.K. government hit back at Elon Musk after the billionaire made […]
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Harris taps Minnesota Gov. Tim Walz as Democratic running mate
Vice President Kamala Harris chose Minnesota Gov. Tim Walz as her Democratic running mate for the 2024 presidential election, three people familiar with the choice tell NBC News. The two are scheduled to appear together later in the day Tuesday in Philadelphia. Walz, 60, in the past two weeks has been on a short list […]
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The popular ‘carry trade’ is unwinding — and economists fear Fed rate cuts could make matters worse
Pedestrians walk past a currency exchange shop in central Tokyo on April 17, 2024. Richard A. Brooks | Afp | Getty Images Rapid interest rate cuts from the Federal Reserve could make matters worse for the global “carry trade” unwind, according to economists at TS Lombard. The warning comes as market participants seek to aggressively […]
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Correction in the dollar-yen was overdue and may be ‘healthy’ for markets, former ECB chief says
The recent rapid strengthening of the Japanese yen can be seen as an overdue and healthy correction — and it’s not time to panic about the wider market impact, the former head of the European Central Bank said Tuesday. A combination of Japanese monetary policy turning hawkish, geopolitical tensions in the Middle East and disappointing […]
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