Markets
New Zealand promises banking shake-up after watchdog finds the sector lacks competition
Pedestrian walking past the Reserve Bank of New Zealand building on Saturday, June 22, 2019. Birgit Krippner | Bloomberg | Getty Images New Zealand’s government on Tuesday promised a shake-up of consumer banking after the country’s watchdog said the sector lacked competition and suggested improvements including looking at ways to increase state-owned Kiwibank’s capital. The New Zealand Commerce Commission report released earlier found the country’s four largest lenders, all owned […]
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Boeing pauses tests of 777X aircraft after finding damage to one of the jets structures
A Boeing 777x aircraft during an aerial display on the opening day of the Farnborough International Airshow in Farnborough, UK, on Monday, July 18, 2022. Jason Alden | Bloomberg | Getty Images Boeing said Monday that it has paused flight tests of its 777X after it found damage in a structure of one of the […]
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Asia-Pacific markets climb; China loan prime rates and RBA minutes in focus
Melbourne city centre skyline alongside the Yarra River. Loop Images | Universal Images Group | Getty Images Asia-Pacific markets climbed across the region on Tuesday, tracking Wall Street’s rally and ahead of key economic data from China. China’s central bank will announce its one-year and five-year loan prime rates, with a poll of economists from […]
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Stock futures are little changed after S&P 500 posts longest win streak since November: Live updates
Traders work on the floor of the New York Stock Exchange on Aug. 16, 2024. Angela Weiss | AFP | Getty Images U.S. stock futures were flat Monday night after the S&P 500 and the Nasdaq Composite notched their longest winning streaks of 2024. Dow Jones Industrial Average futures traded near the flatline. Futures tied […]
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Trump Media shares hit post-merger low as DJT slump continues
Sopa Images | Lightrocket | Getty Images Shares of former President Donald Trump’s social media company on Monday touched their lowest price since they began public trading on the Nasdaq nearly five months ago after a merger. Trump Media, the company that owns the Republican presidential nominee’s preferred social messaging platform Truth Social, was trading […]
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Bounce in small caps has further to run, according to the charts
A great complement to a trend-following or momentum-based strategy is one that is counter-trend. A counter-trend strategy utilizes technical indicators, such as the stochastic oscillator, to identify when a security is becoming overbought or oversold. We see an overbought condition as a natural byproduct of positive momentum, but it eventually takes its toll. Conversely, we […]
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Stocks making the biggest moves midday: Advanced Micro Devices, HP, Sweetgreen and more
Check out the companies making headlines in midday trading. Advanced Micro Devices — The chipmaker’s stock gained more than 2%. Advanced Micro Devices announced plans to buy server builder ZT Systems in a cash-and-stock deal totaling $4.9 billion. HP — Shares slid more than 3% after Morgan Stanley downgraded the personal computing company to equal […]
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SEC charges Carl Icahn with hiding billions in loans backed by IEP stock
Carl Icahn, billionaire activist investor, waits for Donald Trump, president and chief executive of Trump Organization Inc. and 2016 Republican presidential candidate, not pictured, to speak at an election night event in New York, U.S., on Tuesday, April 19, 2016. Victor J. Blue | Bloomberg | Getty Images The Securities and Exchange Commission on Monday […]
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Stocks making the biggest moves premarket: AMD, Estée Lauder, Dutch Bros., HP and more
Check out the companies making headlines in premarket trading. AMD — Shares added nearly 3% before the opening bell following news that the semiconductor company would acquire ZT Systems in a $4.9 billion deal. Estée Lauder — The cosmetics stock pulled back 4% after the the company issued a disappointing first-quarter earnings and full-year outlook, […]
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Goldman Sachs cuts odds of U.S. recession to 20% after retail and jobs data
Customers shop for groceries at a Walmart store in Secaucus, New Jersey, US, on Tuesday, March 5, 2024. Gabby Jones | Bloomberg | Getty Images Goldman Sachs has cut its probability forecast for a U.S. recession to 20% shortly after raising it, as fresh labor market data sparked a reassessment of market views on the […]
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