Markets
Treasury yields rise as traders await Powell remarks
The U.S. 10-year Treasury rose on Thursday as investors looked ahead to remarks from Federal Reserve Chairman Jerome Powell. The yield on the 10-year Treasury climbed more than 5 basis points at 3.835%, while the yield on the 2-year Treasury added roughly 5 basis point higher at 3.976%. Yields and prices move in opposite directions. […]
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5 things to know before the stock market opens Thursday
Here are the most important news items that investors need to start their trading day: 1. Rate rally After a selloff prompted by fears about the economy earlier this month, markets have largely been steady. The three major U.S. averages rose again Wednesday as investors anticipated an interest rate cut at the Federal Reserve’s September […]
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China’s self-driving startup WeRide delays U.S. IPO as deadline looms
In this photo illustration, a WeRide logo of Chinese robotaxi firm is seen on a smartphone and a pc screen. Getty Images Self-driving technology company WeRide delayed its plan for an initial public offering in the U.S., citing its need for more time to complete documents. “Updating transaction documents is currently taking longer than expected, […]
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Stock futures rise marginally as traders await comments from Powell due later this week: Live updates
Deutsche Bank rises after announcing settlement for bulk of Postbank lawsuit claims U.S. shares of Deutsche Bank advanced more than 2% after announcing a settlement with many plaintiffs in a long-running case tied to its acquisition of Postbank. The German bank said it had come to agreements with more than 80 plaintiffs, which equates to […]
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European markets move higher as Fed minutes point to September cut
City of London skyline on 10th June 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. Mike Kemp | In Pictures | Getty Images LONDON — European stocks moved higher on Thursday as investors digested the […]
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Body of British tech entrepreneur Mike Lynch retrieved from Sicily yacht wreckage
Mike Lynch, former chief executive officer at Hewlett-Packard Co.’s Autonomy unit, speaking at a conference on Thursday, April 25, 2013. Bloomberg | Bloomberg | Getty Images LONDON — The body of British technology entrepreneur Mike Lynch, 59, has been retrieved from the wreckage of a yacht that sank off the coast of Sicily, a source […]
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PwC China faces six-month business ban, large fine over Evergrande audit, sources say
pwc in Shanghai, China, Aug. 12, 2024. Cfoto | Future Publishing | Getty Images Chinese regulators will likely order business suspension for a big part of PricewaterhouseCoopers’ auditing unit in mainland China for six months, as part of punishment for its work on troubled property developer Evergrande, five sources said. The business ban is expected […]
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Oil tanker left adrift and ablaze after Red Sea attack
Aerial view of a ship at sea. Suriyapong Thongsawang | Moment | Getty Images A Greek-flagged oil tanker was left adrift and ablaze in the Red Sea following strikes off the Yemeni coast, Greek and U.K. authorities have indicated. The U.K. Maritime Trade Operations agency on Wednesday reported that a fire had erupted aboard a […]
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Asia-Pacific markets mostly open stronger ahead of Bank of Korea rate decision; investors assess Fed minutes
People watch the first sunrise of the new year from a footbridge overlooking the city skyline in Seoul on January 1, 2024. Jung Yeon-je | Afp | Getty Images Asia-Pacific markets opened mostly higher on Thursday, as investors assess flash business activity data from Australia, Japan and India throughout the trading day and keep an […]
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Stocks making the biggest moves after hours: Snowflake, Zoom Video, Urban Outfitters and more
Check out the companies making headlines in after-hours trading. Snowflake — Shares tumbled nearly 7% even after the software company beat quarterly expectations and slightly raised its full-year product revenue guidance. Snowflake reported fiscal second-quarter adjusted earnings of 18 cents per share, higher than the 16 cents per share expected by analysts surveyed by LSEG. […]
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