Markets
Hedge funds do an about-face on the China trade, selling stocks in record numbers
Hedge funds that recently flocked into Chinese stocks on stimulus hopes just did a 180. Professional traders posted the largest single-day net selling of Chinese securities, both onshore and offshore, on Tuesday, according to Goldman Sachs’ prime brokerage data. The net selling was 1.4 times larger than the previous record, Goldman said. The record exodus […]
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Consumer prices rose 0.2% in September, hotter than expected; annual rate increased 2.4%
The pace of price increases over the past year took an unexpected step higher in September as policymakers contemplate their next move on interest rates, according to a Labor Department report Thursday. The consumer price index, a broad gauge measuring the costs of goods and services across the U.S. economy, increased 0.2% for the month, […]
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Stocks making the biggest moves premarket: Delta Air Lines, CVS Health, Nike and more
Check out the companies making headlines before the bell. Delta Air Lines – Shares fell nearly 5% after the airliner provided disappointing fourth-quarter revenue guidance . Delta anticipates revenue will rise between 2% and 4% from a year earlier, less than the 4.1% estimate, per LSEG. Third-quarter earnings per share and revenue also came in […]
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United plans flights to Greenland, Mongolia and northern Spain in search for next ‘it’ destination
United airplanes are seen at the Newark Liberty International Airport in Newark, Unitted States on July 16, 2024. Jakub Porzycki | Nurphoto | Getty Images United Airlines is plotting a 2025 international expansion that spans Senegal to Mongolia and Greenland to Palau, a bid to win over travelers who have already had their fill of […]
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Delta expects higher earnings in fourth quarter despite lower demand around the election
A Delta aircraft at the airline’s hangar in Atlanta Leslie Josephs/CNBC Delta Air Lines expects to grow earnings in the fourth quarter, thanks to resilient travel demand and strong bookings for year-end holidays. The Atlanta-based carrier on Thursday forecast fourth-quarter adjusted earnings of $1.60 to $1.85 per share, compared with Wall Street estimates of $1.71, […]
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Ripple launches crypto storage services for banks in bid to diversify
Key Points Ripple said it is launching a slew of features aimed at helping banks and fintechs store digital tokens — as part of a broader push into crypto custody. Crypto custody, a type of service that helps clients crypto assets, is a nascent business for Ripple, which has consolidated its efforts under a single brand […]
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Asia-Pacific markets gain ahead of U.S. inflation data; China stocks resume rally
A general view of the Shanghai Securities Exchange building is being shown in Shanghai, China, on July 16, 2024. Nurphoto | Nurphoto | Getty Images SINGAPORE — Asia-Pacific markets closed higher on Thursday, following gains on Wall Street that saw the S&P 500 and Dow Jones Industrial Average reach new records as investors shrugged off […]
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Hurricane Milton makes landfall in Florida as Category 3 storm
A satellite image shows Hurricane Milton progressing in the Gulf of Mexico before its expected landfall in Florida, Oct. 9, 2024. CIRA | NOAA | Via Reuters The National Hurricane Center said Hurricane Milton has made landfall near Siesta Key, Florida as an “extremely dangerous” Category 3 storm on Wednesday evening. The NHC said the […]
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Asia-Pacific markets open higher after S&P 500 and Dow hit new highs: Live updates
The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Aug. 5, 2024. Noriko Hayashi | Bloomberg | Getty Images Asia-Pacific markets are set to open higher on Thursday, following gains on Wall Street that saw the S&P 500 and Dow Jones Industrial Average reach new records as […]
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Kalshi expands Trump, Harris election bet options, adds Senate races, CFTC complains
The Commodity Futures Trading Commission headquarters in Washington, DC, U.S. Ting Shen | Bloomberg | Getty Images KalshiEx has listed more than two dozen new options in recent days for the exchange’s customers to bet on political outcomes, including the presidential race, the popular vote and Electoral College margins of that race, and individual Senate […]
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