Markets
Video game industry faces sluggish growth in 2024 amid weak console sales, research firm says
Analysts are expecting Nintendo to release a successor to its hit Switch console in its fiscal year 2025. Guillaume Payen | Sopa Images | Lightrocket | Getty Images The global video game market is set for sluggish annual growth this year amid weak sales of gaming consoles, according to a new report from market research […]
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Asia-Pacific markets set to continue winning run as U.S. producer prices rises less than expected
The upscale shopping district of Ginza in Tokyo, Japan, on Saturday, May 4, 2024. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets are set to continue gaining on Wednesday after producer prices in the U.S. came in lower than expected for July. The producer price index — a measure of wholesale inflation — increased 0.1% last month. […]
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Stocks making the biggest moves midday: Starbucks, Chipotle, Home Depot, Tencent and more
Check out the companies making headlines in midday trading. Starbucks , Chipotle Mexican Grill — Starbucks stock shot up 21% after the coffee chain ousted CEO Laxman Narasimhan effective immediately and replaced him with Chipotle CEO Brian Niccol, who will step in Sept 9. Three Wall Street firms already upgraded Starbucks stock after the news. […]
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Wholesale inflation measure rose 0.1% in July, less than expected
A key measure of wholesale inflation rose less than expected in July, opening the door further for the Federal Reserve to start lowering interest rates. The producer price index, which measures selling prices that producers get for goods and services, increased 0.1% on the month, the Labor Department’s Bureau of Labor Statistics reported Tuesday. Excluding […]
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Stocks making the biggest moves premarket: Home Depot, Starbucks, Hormel Foods, Chipotle and more
Check out the companies making headlines before the bell. Starbucks , Chipotle Mexican Grill — Shares of the coffee chain popped more than 11% in the premarket after the company replaced its chief executive, Laxman Narasimhan, with Chipotle CEO Brian Niccol . Chipotle shares were down about 10%. Home Depot — Shares fell more than […]
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Chinese EV maker Zeekr says its new battery can charge faster than that of a Tesla
Key Points In just 10.5 minutes, Zeekr’s new batteries can go from a 10% to an 80% charge, using the automaker’s ultra-fast charging stations, the U.S.-listed electric car company said Tuesday. Tesla’s Model 3 can recharge up to 175 miles in 15 minutes, or about 48% of the stated 363 mile-range, according to the company’s […]
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HelloFresh shares pop 11% as meal kit giant beats profit estimates
Shares of German meal kit firm HelloFresh jumped on Tuesday after the company reported a better-than-expected profit in the second quarter and said its ready-to-eat meals segment saw rapid growth. HelloFresh shares climbed as much as 20% during morning trade, but had pared gains to rise 11% to 5.90 euros ($6.44) as of 6:19 a.m. […]
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The big ‘carry trade’ unwind is far from over, strategists warn
A man walks in front of an electronic quotation boards displaying the share price on the Tokyo Stock Exchange (L) and the foreign exchange rate for the Japanese yen against the US dollar (R) in Tokyo on August 6, 2024. Kazuhiro Nogi | Afp | Getty Images It’s too early to give the all-clear to […]
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Unwinding of carry trade will benefit Japan, Monex Group’s Koll says
Corrections in the yen and the unwinding of the carry trade are positive developments for Japan, said Jesper Koll, a veteran investor who remains bullish on the Japanese market. “It forces investors to focus on the real Japan strategy … not just a quick carry trade, borrowing at close to zero interest rates in Japan […]
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Stock futures are little changed as investors await key inflation data: Live updates
Traders work on the New York Stock Exchange (NYSE) floor on August 08, 2024 in New York City. Spencer Platt | Getty Images U.S. stock futures rose early Tuesday as investors await this week’s key inflation data. Dow Jones Industrial Average futures climbed 81 points, or 0.21%. S&P 500 futures and Nasdaq 100 futures climbed […]
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