Markets
UBS veteran boss Ermotti may have pulled off the deal of the decade with the Credit Suisse rescue
UBS CEO Sergio Ermotti on Tuesday, May 7, 2024. Bloomberg | Bloomberg | Getty Images After an intense weekend of negotiations in March 2023, Swiss banking giant UBS agreed to buy its embattled rival Credit Suisse. Despite the attractive purchase price of $3.2 billion, investors were concerned about whether UBS would manage to turn around […]
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CNBC Daily Open: Nvidia’s ‘drop-the-mic moment’
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading in New York on August 23, 2024. Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, […]
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Asia-Pacific markets set for mixed open as Middle East tensions rise, Powell signals rate cuts
A screen displays the Nikkei 225 Stock Average figure on the trading floor at the Nomura Securities Co. headquarters in Tokyo, Japan, on Jan. 11, 2024. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets were set to open mixed on Monday as Israel and Hezbollah traded strikes on Sunday, while investors assessed dovish comments by […]
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Stock futures are little changed after Fed signals rate cuts are imminent: Live updates
Traders work on the floor of the New York Stock Exchange on Feb. 29th, 2024. NYSE Stock futures were little changed on Sunday as investors look to push equities back to record-high levels now that the Federal Reserve indicated that rate cuts are forthcoming. Futures tied to the S&P 500 slipped 0.1%, while Nasdaq 100 […]
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Why dividend stocks should be a hot play into fall
ETF Edge Why dividend stocks should be a hot play into fall Published Sat, Aug 24 202411:00 AM EDT Ellie Stevens@elliestevens02 WATCH LIVE Source
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Trading Fed rate cuts: These banks are primed to outperform when rates fall, Evercore ISI says
A few well-known regional banks are poised to benefit from the Federal Reserve’s upcoming interest rate cuts, according to Evercore ISI. Fed Chair Jerome Powell indicated on Friday that the central bank is ready for interest rate cuts ahead , although he declined to provide the exact timing or extent of the cuts. As investors […]
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The yen is strengthening, but foreign investors are staying bullish on Japanese equities
A falling yen helped boost Japanese stocks to record levels this year, but overseas investors think there are still opportunities in those equities even as the currency begins to strengthen. For most of this year, the weak yen was a major bull case argument for foreign investors looking at the Japanese stock markets. For instance, […]
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Stocks making the biggest moves midday: Cava, Intuit, Ross Stores, Workday and more
Check out the companies making headlines in midday trading: Cava Group — Shares of the fast-casual restaurant chain popped more than 21% on stronger-than-expected quarterly results . Cava posted earnings of 17 cents per share on $233 million in revenue in the fiscal second quarter. That topped LSEG estimates calling for earnings per share of […]
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Bank of England’s Bailey: ‘More restrictive policy’ could still be needed due to labor market shocks
Andrew Bailey, governor of the Bank of England, waits to deliver a lecture at the London School of Economics in London, UK, on Tuesday, May 21, 2024. Bloomberg | Bloomberg | Getty Images Bank of England Governor Andrew Bailey will hail the progress made in dampening inflation in the U.K. in a Friday speech, but […]
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