Markets
World’s largest luxury group LVMH slumps 5% after second-quarter revenue miss
People are walking by the Louis Vuitton storefront building in Lisbon, Portugal, on July 21, 2024. Luis Boza | Nurphoto | Getty Images Shares in the world’s largest luxury group LVMH fell on Wednesday after its second-quarter sales came in below analyst consensus on Tuesday. Quarterly sales came in at 20.98 billion euros ($22.7 billion) […]
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Spain’s Santander posts 20% hike in net profit as retail business shines
Bank of Santander Headquarters Getty Images Banco Santander posted a 20% year-on-year hike in second-quarter net profit underpinned by growth in its retail, wealth and consumer activity, after firm revenues and margin management in Europe and Brazil. The company’s net profit attributable to the parent group came in at 3.207 billion euros ($3.48 million), in […]
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CNBC Daily Open: Nasdaq futures fall as Alphabet, Tesla earnings disappoint
Traders work on the floor of the New York Stock Exchange (NYSE) on July 22, 2024 in New York City. Spencer Platt | 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, no matter where they […]
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Deutsche Bank snaps 15-quarter profit streak on Postbank lawsuit provision
Deutsche Bank offices in the City of London on July 2, 2024, in London, U.K. Mike Kemp | In Pictures | Getty Images Germany’s largest lender Deutsche Bank on Wednesday snapped a 15-quarter profit streak with a narrower-than-expected loss, as it made a provision for an ongoing lawsuit over its Postbank division. Net loss attributable […]
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Major global chip equipment makers’ China revenue share has doubled since U.S. imposed export controls
A worker produces chips at a semiconductor manufacturing enterprise in Binzhou, China, on June 4, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — Four of the world’s largest semiconductor equipment manufacturers, including ASML, have seen the share of their China revenue more than double since late 2022, Bank of America analysts said in a […]
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Asia markets are mixed as traders assess Japan, Aussie business activity data and U.S. tech earnings
An aerial view of the central business district and Sydney Opera House on February 17, 2023. David Gray | Getty Images News | Getty Images Japan’s Nikkei 225 dropped 0.19%, while the broad-based Topix was down 0.35%. Flash data from the au Jibun Bank showed that the country’s business activity returned to growth. Japan’s composite […]
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Nasdaq futures fall after Alphabet, Tesla report earnings: Live updates
Nasdaq stock futures traded lower Tuesday night after megacap tech companies Alphabet and Tesla reported their second-quarter results. Futures tied to the tech-heavy Nasdaq 100 moved down 0.5%, while S&P 500 futures fell 0.4%. Dow Jones Industrial Average futures slipped 0.2%. Shares of Google parent company Alphabet fell 1% in extending trading. Although Alphabet reported […]
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Stocks making the biggest moves after hours: Alphabet, Tesla, Visa and more
In this article TXN COF STX V TSLA GOOGL Follow your favorite stocksCREATE FREE ACCOUNT A dog looks out the window from a Tesla electric vehicle charging at a Tesla Supercharger location in Santa Monica, California on May 15, 2024. Patrick T. Fallon | AFP | Getty Images Check out the companies making headlines in […]
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Cryptocurrencies fall on day 1 of ether ETFs as Mt. Gox moves more bitcoin to creditors
People walk past a neon sign advertising a Bitcoin and Ethereum crypto currency exchange in Warsaw, Poland on 19 May, 2024. Jaap Arriens | Nurphoto | Getty Images Bitcoin led the crypto market lower on Tuesday – the first trading day for ether ETFs – as Mt. Gox transferred more bitcoin to creditors and investors […]
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Ether ETFs officially begin trading in U.S., with funds from BlackRock, Grayscale and more
An ether cryptocurrency coin in seen in this photo. Jaap Arriens | Nurphoto | Getty Images Ether exchange-traded funds officially began trading in the U.S. on Tuesday, putting the world’s second-largest crypto currency in a vehicle favored by many professional investors and advisors. The new funds come from traditional fund issuers such as BlackRock and […]
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