A man sits on a marble wall as pedestrians walk on the streets in front of the New York Stock Exchange in New York, U.S., October 3, 2016. REUTERS/Lucas Jackson U.S. equity index futures fell on Sunday after a stinging defeat for Italian Prime Minister Matteo ... More »
The German share prize index (DAX) board is seen at the trading room of Frankfurt’s stock exchange (Boerse Frankfurt) during trading session in Frankfurt Germany, October 14, 2016. REUTERS/Kai Pfaffenbach European shares were expected to open lower on Monday a... More »
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 3, 2016. REUTERS/Brendan McDermid Wall Street surged on the eve of the U.S. presidential election, with Democratic nominee Hillary Clinton’s prospects brightening ... More »
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S. October 31, 2016. REUTERS/Brendan McDermid The S&P 500 and the Dow futures were little changed on Thursday as investors stayed away from riskier assets, while Nasdaq futures... More »
A trader passes by a screen displaying the tickers symbol for Bristol-Myers Squibb on the floor at the New York Stock Exchange, April 25, 2013. REUTERS/Brendan McDermid New data is likely to prompt doctors to abandon Bristol-Myers Squibb’s immunotherapy Opdivo... More »
The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, July 4, 2016. REUTERS/Kim Hong-Ji/File Photo Tech giant Samsung Electronics Co Ltd said on Sunday it sold shares in four companies including ASML Holding NV and Seagate Technolo... More »
A Samsung Electronics’ Galaxy Note 7 new smartphone is displayed at its store in Seoul, South Korea, September 2, 2016. REUTERS/Kim Hong-Ji/File Photo Samsung Electronics Co Ltd’s (005930.KS) shares fell to their lowest level in nearly two months on Monday aft... More »
The logo of Hanjin Shipping Co is seen on a replica of shipping containers at its headquarters in Seoul, South Korea, August 31, 2016. REUTERS/Kim Hong-Ji Shares in Hanjin Shipping (117930.KS) slumped by the daily limit of 30 percent in resumed trade on Monday... More »
The Symantec booth is seen during the 2016 Black Hat cyber-security conference in Las Vegas, Nevada, U.S. August 3, 2016. REUTERS/David Becker Symantec Corp shares could gain 25 percent or more following steps to cut costs and a recent acquisition that could p... More »
SHANGHAI China stocks jumped to a seven-month high on Monday morning, led by property and financial shares, as investors intensified their bets that disappointing economic data for July would prod Beijing to unleash fresh stimulus. Hong Kong shares rose to a f... More »
LONDON JP Morgan has kept its “overweight” recommendation on UK equities, arguing that relatively high dividend yields, sterling weakness and the possibility of further rate cuts from the Bank of England should support the market. “We reiterate our ‘Overweight... More »
SHANGHAI China stocks fell to a near one-month closing low on Monday as investor sentiment was hit by regulators’ crackdown on speculation as well as a fresh wave of initial public offerings (IPOs). The blue-chip CSI300 index .CSI300 fell 0.8 percent to 3,176.... More »
TOKYO Shares in Nintendo Co tumbled as much as 18 percent on Monday after the company said Pokemon GO would have a limited impact on its earnings – their biggest setback so far after a huge run-up on the smash-hit game. The Kyoto-based gaming company, which is... More »
SINGAPORE/LONDON Oil industry hopes that markets are about return to balance, ending a global glut that pulled down prices by over 70 percent between 2014 and early 2016, might be abruptly dashed. Despite recent disruptions and output cuts, there is mounting e... More »
NEW YORK With a June Federal Reserve interest rate hike likely off the table following Friday’s dismal jobs data, U.S. equity investors may shift their focus again to whether the economy is losing too much steam to allow stocks to advance. Investors will comb ... More »
LONDON Morgan Stanley upgraded European defensive stocks to “overweight” on Monday, raising its stance on consumer staples .SXQP stocks while downgrading the industrials .SXNP and basic materials .SXPP sectors. The Wall Street bank kept its “overweight” rating... More »
U.S. stock index futures were little changed on Monday following a bruising week that left the Dow and the S&P 500 lower for the third straight week. * U.S. stocks fell on Friday as a decline in oil prices added to pressure from consumer companies after gloomy... More »
NEW YORK U.S. banks are generally expected to post dismal results when their earnings season gets under way next week, but some analysts say to dig deeper: the fine print in the results, and what bank bosses say, could actually help these long-suffering stocks... More »
SHANGHAI China stocks gave up early gains as a late afternoon slide in property shares wiped out initial optimism triggered by encouraging industrial profit data released over the weekend. The CSI300 index of the largest listed companies in Shanghai and Shenzh... More »
Wall Street closed lower on Wednesday as oil and materials share prices dropped while investors remained cautious a day after deadly bombing attacks in Belgium. The benchmark S&P 500 index fell back into negative territory for the year after closing positive o... More »
NEW YORK American Express Co shares rose more than 1 percent on Monday after Fox Business News reported that the credit-card company might be acquired by Wells Fargo & Co or another financial firm. American Express shares closed up 1.2 percent at $59, after hi... More »
NEW YORK Shares of 21st Century Fox (FOXA.O) could be set for a rare Oscar rally if the global media conglomerate takes home gold at this Sunday’s Academy Awards ceremony. The Oscars, which draws some of the biggest audiences of any single annual television ev... More »
NEW YORK LinkedIn Corp Executive Chairman Reid Hoffman lost almost half his $2.8 billion fortune on paper Friday as shares of his social media company suffered their largest drop on record. He was not alone in taking heavy losses. Other executives at LinkedIn,... More »
NEW YORK The tumble in share prices for biotechnology stocks has created some buying opportunities, with drugmakers Celgene Corp (CELG.O) and Gilead Sciences (GILD.O) poised for a 30 percent rise over the next year, Barron’s said. Both companies currently rely... More »
SHANGHAI China stocks recovered much of their earlier losses by the end of a volatile session on Wednesday, ending slightly lower. The CSI300 index .CSI300 of the largest listed companies in Shanghai and Shenzhen fell 0.3 percent, to 2,930.35, while the Shangh... More »
SHANGHAI China stocks rebounded roughly 3 percent on Tuesday, as weak quarterly economic data strengthened market expectations the government will unveil more stimulus moves. The CSI300 index .CSI300 of the largest listed companies in Shanghai and Shenzhen ros... More »
NEW YORK With signs of a bear market in U.S. stocks emerging, some of the world’s biggest investors say the buying opportunity is not here yet and instead believe further drops of 10 to 20 percent are a possibility. However, they do not envision a repeat of a ... More »
U.S. stock index futures were slightly higher on Monday, with Wall Street coming off its worst-ever start to a year and ahead of the start of corporate earnings season. * Global stocks were mixed with jittery investors looking for stability after last week’s b... More »
SHANGHAI China stocks closed down on Monday at their lowest since September, following weak inflation data over the weekend and continuing investor anxiety over the economy and the trajectory of the yuan. The CSI300 index .CSI300 of the largest listed companie... More »
MUMBAI Shares in India’s largest drugmaker, Sun Pharmaceutical Industries Ltd, skidded more than 7 percent on Monday after U.S. regulators warned of standards violations at a key plant in the latest blow to India’s generic drug industry. The warning comes bare... More »
Walt Disney Co’s shares slumped after BTIG analyst Richard Greenfield cuts his rating to “sell” from “neutral”, saying the likely success of the latest Star Wars movie would not be enough to offset the impact of subscriber losses at ESPN. Disney’ shares fell a... More »
SAN FRANCISCO Early praise for the newest installment of “Star Wars” gave a boost to shares of Walt Disney and Electronic Arts, which recently launched a videogame based on the hugely popular space opera. Following prequels between 1999 and 2005 that were wide... More »
SHANGHAI China stocks opened slightly lower on Monday after falling more than 5 percent on Friday triggered by concerns over a widening probe by regulators into brokerages. The CSI300 index fell 0.1 percent, to 3,554.89 at market open, while the Shanghai Compo... More »
SAN FRANCISCO The holiday shopping rush that kicked off on Friday is unlikely to bring much cheer to investors looking for a revival in retail stocks. After months of uninspiring sales growth and recent disappointments from Macy’s and Nordstrom, shareholders o... More »
BERKELEY, Calif. U.S. central bankers not only regularly leak secret information about monetary policy, but the leaks are so predictably timed that a savvy investor without access to the leaked information could make money just by buying stocks in certain week... More »
NEW YORK U.S. equity futures opened lower on Sunday, following coordinated attacks in Paris on Friday that killed more than 130 people. The attacks unfolded after markets closed in the United States, but equity futures added to losses in light volume in after-... More »
Investors questioned Netflix Inc’s premium valuation after the video-streaming service reported U.S. subscriber additions below its own expectations, a sign that competition from the likes of Hulu is intensifying. Netflix shares fell more than 9 percent to $10... More »
SHANGHAI China’s stock market correction is “almost over”, the official China Securities Journal quoted a senior central banker as saying. Yi Gang, deputy governor of the People’s Bank of China told an annual meeting of the International Monetary Fund and Worl... More »
NEW YORK The financial sector, recently a weak performer in the stock market, will garner the majority of investor attention this week as a number of big banks post their quarterly results. Goldman Sachs Group Inc, Bank of America Corp, Wells Fargo & Co, Citig... More »
LONDON Glencore (GLEN.L) shares sank more than 10 percent to a new record low on Monday, with the mining and trading company’s drive to sell assets to cut heavy debts failing to soothe fears over slumping metals prices. Traders cited a bearish Investec note th... More »
COPENHAGEN Shares in Novo Nordisk (NOVOb.CO) rose as much as 5 percent on Monday after the U.S. Food and Drug Administration (FDA) approved the diabetes drug Tresiba, allowing the Danish drugmaker to prepare its largest ever drug launch. The FDA’s decision lat... More »
SHANGHAI China stocks inched up in thin trading on Monday, as investors remained cautious while shrugging off data showing profits of Chinese industrial companies in August declined at the sharpest rate in four years. The CSI300 index .CSI300 of the largest li... More »
U.S. video camera maker GoPro Inc (GPRO.O) shares could plunge to $25 from a recent $35 as its latest product launch underwhelms consumers and competition comes on strong, Barron’s said in a report on Sunday. Barron’s said investors in GoPro are “skittish” abo... More »
U.S. clothing design company Ralph Lauren (RL.N) looks like a buying opportunity, according to a report on Sunday in Barron’s financial newspaper, which said the company’s investment in new technology should lead to rising profit in coming years. Much of Ralph... More »
SHANGHAI China stocks fell sharply on Monday before recovering much of their losses as regulators cracked down on speculators which Beijing blames for a 40 percent crash in the country’s stock markets since June. Both main indexes plunged more than 4 percent a... More »
NEW YORK Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalize on a retrenchment by rivals in the face of new rules designed to make the financial system less risky, according people familiar with the bank’s plans. A lack of in... More »
SHANGHAI Chinese stocks tumbled again on Tuesday, despite a rebound in markets elsewhere in Asia, as investors despaired at the lack of policy action from Beijing in response to recent data suggesting the downturn in the world’s second-largest economy is deepe... More »
Investors rattled about China sent U.S. stock indices almost 4-percent lower on Monday in an unusually volatile session that confirmed the S&P 500 was formally in a correction, even after a dramatic rebound by Apple. The Dow Jones industrial average briefly sl... More »
NEW YORK Confidence among affluent investors was already slipping before the stock market rout in China sent U.S. markets plunging last week and on Monday, according to a monthly index calculated by Spectrem Group, a Chicago-based research company. Yet when st... More »
NEW YORK DoubleLine Capital co-founder Jeffrey Gundlach, widely followed for his investment calls, warned on Monday that the U.S. equity markets face another round of selling pressure. “The U.S. stock market is in a mode of uncertainty, at best,” Gundlach said... More »
U.S. stocks ended a volatile week higher on Friday after upbeat U.S. economic data and as euro zone finance ministers agreed to launch a third bailout program for Greece. All three major indexes also ended the week with slight gains, bouncing back from losses ... More »
NEW YORK A group of mainly U.S.-based stock traders and computer hackers in Ukraine made as much as $100 million in illegal profits over five years by conspiring to use information stolen from thousands of corporate press statements before their public release... More »
NEW YORK A group of mainly U.S.-based stock traders and computer hackers in Ukraine made as much as $100 million in illegal profits over five years by conspiring to use information stolen from thousands of corporate press statements before their public release... More »
LONDON European shares retreated on Tuesday from their six-week high in the previous session, with the healthcare leading the market lower after Novartis (NOVN.VX) reported quarterly incomes below analysts’ expectations. The STOXX Europe 600 Healthcare Index .... More »
TOKYO Toshiba Corp’s (6502.T) chief executive Hisao Tanaka and a string of other senior officials resigned on Tuesday for their roles in the country’s biggest accounting scandal in years. Tanaka will be temporarily replaced by Chairman Masashi Muromachi after ... More »
