World
Watch out. Analysts have been cutting earnings estimates on these stocks reporting next week
Investors should keep an eye on companies that could disappoint on earnings and see their share price fall. Wall Street has been lowering its third-quarter growth estimates for months now. According to a recent FactSet note, companies in the S & P 500 are projected to see a 4.2% increase in earnings compared with the […]
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U.S. crude oil falls below $71 per barrel, continuing sell-off
U.S. crude futures edged lower Wednesday to trade below $71 per barrel, after selling off steeply in the previous session on reports that Israel will not attack Iran’s oil facilities. The U.S. benchmark tumbled more than 4% on Tuesday after Israel told the U.S. that it will limit its retaliatory strikes to military targets in […]
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Forget tech and utilities. There’s about to be a new best sector for 2024
Bank stocks are making a late push to be the best buy of the year for equity investors. The financial sector has outperformed in recent weeks and is now firmly one of the best-performing groups. The Financial Select Sector SPDR Fund (XLF) rose again on Wednesday and is now up 26% year to date. That […]
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UK’s ultra-rich non-doms urge Italian-style tax regime to prevent wealth exodus
High end Porsche 911 Carrrera GTS car parked outside the Chanel store on Bond Street on 16th October 2023 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — Britain’s ultra-rich non-doms are urging the government to introduce an Italian-style flat-tax regime to prevent a wealth exodus, as their preferential status […]
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Amazon goes nuclear, to invest more than $500 million to develop small modular reactors
Amazon Web Services is investing more than $500 million in nuclear power, announcing three projects from Virginia to Washington state. AWS, Amazon‘s subsidiary in cloud computing, has a massive and increasing need for clean energy as it expands its services into generative AI. It’s also a part of Amazon’s path to net-zero carbon emissions. AWS […]
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ASML just gave us a first glimpse into how U.S. chip export curbs will dent its China sales
An ASML icon is being displayed on a circuit board, alongside the flags of the USA and China, in this photo illustration taken in Brussels, Belgium, on January 4, 2024. Jonathan Raa | Nurphoto | Getty Images ASML on Tuesday offered the first glimpse into how U.S. restrictions on exports of its advanced chip manufacturing […]
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Airbus to cut up to 2,500 jobs in defense and space
A logo sits on display outside the Airbus wing assembly factory in Broughton, U.K. Paul Thomas | Bloomberg | Getty Images Airbus announced plans on Wednesday to cut up to 2,500 jobs in its Defence and Space division, citing a “complex business environment” especially in loss-making satellites. The European aerospace group said it aims to […]
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Weekly mortgage demand tanks 17%, after interest rates hit the highest level since August
A sign is posted in front of a home for sale on August 07, 2024 in San Rafael, California. Justin Sullivan | Getty Images Mortgage interest rates rose last week for the third straight week, hitting the highest level since August. That caused demand from both current homeowners and potential homebuyers to take a big […]
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Generative AI startups get 40% of all VC investment in cloud amid ChatGPT buzz
Style-photography | Istock | Getty Images Generative artificial intelligence startups are getting 40% of all the venture capital funding that flows into cloud companies, according to venture investors Accel. In its latest annual Euroscape report, which looks at key cloud and AI trends, Accel said that venture funding for cloud startups based in the U.S., […]
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LVMH falls 6% as third-quarter revenues drop; European markets trade lower
European markets traded lower Wednesday morning as global market sentiment took a turn for the worse. The pan-European Stoxx 600 index was down 0.2% early on in the trading session with the majority of sectors in negative territory. The FTSE 100 was up 0.8% at the open after the latest U.K. data showed the inflation […]
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