Tag: markets

Pharma stocks: Steep correction in the offing?

After a fantastic bull run this year, pharma stocks have been showing signs of consolidating in the last couple of months. Ravi Dharamshi, Founder &...

‘Valuation leaves little room for error’: Here’s what 4 Wall Street banks expect from Apple’s fiscal 4th-quarter earnings report

(Photo by Lisa Maree Williams/Getty Images) Apple is set to report fiscal fourth-quarter results on Thursday, cluing investors in on how the company performed...

Credit Suisse misses expectations as 3rd-quarter net profits plunge 38%, hit by a slowdown in wealth management

Thomson Reuters Credit Suisse posted a 38% drop in third-quarter net profit, well below analyst expectations, as Switzerland’s second-biggest bank saw a slowdown in...

Deutsche Bank posts a surprise bounce back to profit with 3rd-quarter earnings, driven by 47% jump in debt-trading

REUTERS/Luke MacGregor Deutsche Bank beat expectations with its third-quarter earnings with a surprise return to profit, and posted a 47% jump in trading fixed-income...

Airbnb approves 2-for-1 private stock split as share value rips higher, report says

Mateusz Slodkowski/SOPA Images/LightRocket via Getty Images Airbnb’s board has approved a 2-for-1 private stock split as the value of its shares has ripped higher,...

Dow tumbles 800 points as COVID-19 cases hit record and stimulus hopes fade

Getty Images / Xinhua News Agency US stocks fell on Monday as daily COVID-19 cases hit a record and a stimulus deal appeared increasingly unlikely...

Futures traders aren’t betting on any Fed rate hikes by mid-2022, no matter what the Treasury market suggests, DataTrek says

The New York Stock Exchange (NYSE) is pictured on August 31, 2020 at Wall Street in New York City. Angela Weiss/Getty Images Federal fund...

Global stocks tumble as investors dump risk with COVID-19 cases rocketing and no US stimulus deal

Specialist Meric Greenbaum, left, and trader Fred DeMarco, center, work on the floor of the New York Stock Exchange. AP/Richard Drew Global stocks tumbled...

Samsung’s billionaire chairman died on Sunday. He once counted Warren Buffett as a shareholder

AP Images; Steve Marcus/Reuters Samsung’s chairman, Lee Kun-hee, died on Sunday at age 78. The boss of the South Korean conglomerate once counted Warren Buffett...

Billionaire investor Paul Tudor Jones calls bitcoin ‘the best inflation trade’ as token surges above $13,000 | Currency News | Financial and Business News

REUTERS/Eduardo Munoz Bitcoin’s October rally will continue as investors start scooping up the token as an inflation hedge, billionaire investor Paul Tudor Jones said Thursday. The...

Global stocks slide as progress on stimulus stalls with just two weeks to go to the US election

REUTERS/Brendan McDermid Global stocks slid on Thursday after the US Senate’s stimulus smack-down dimmed the prospects of another relief package ahead of the November...

US stock climb as investors await stimulus developments, shrug off Google antitrust lawsuit

Getty Images / Bryan R. Smith US stocks closed higher on Tuesday as investors awaited fiscal stimulus developments and shrugged off an antitrust lawsuit...

Top Swiss bank UBS smashes expectations with 99% rise in third-quarter net profit as trading and wealth management surge

FILE PHOTO: Logo of Swiss bank UBS is seen in Basel Reuters Swiss lender UBS posted a 99% jump in third-quarter net profit to...

The S&P 500 will likely plunge 10% in the near term before the bull market resumes, Morgan Stanley’s investment chief says

REUTERS/Lucas Jackson The S&P 500 will likely fall 10% in the near term before the bull market resumes, said Morgan Stanley’s Mike Wilson on...

Global stocks jump after Pelosi sets Tuesday deadline for US stimulus vote; China posts strong economic data

Global stocks jumped on Monday, after Democrat House Speaker Nancy Pelosi set an end-Tuesday deadline to reach an agreement on the US coronavirus stimulus plan....

Warren Buffett plowed $5 billion into Bank of America during the debt crisis. Here’s the story of how the investor helped the bank and made a fortune in the process.

Alex Wong / Getty Images Warren Buffett invested $5 billion in Bank of America in August 2011, providing a crucial vote of confidence and cash...

Warren Buffett spoke to Joe Biden about America’s opportunity to ‘lead the whole damn world’

Berkshire Hathaway chairman Warren Buffett gestures at the start of a 5km race. REUTERS/Rick Wilking Joe Biden discussed America’s unrivaled prospects with Warren Buffett, ahead...

Loop Industries plummets 39% after a short-seller report claims its plastic-recycling technology doesn’t work

Getty Images / Xinhua News Agency The same short-seller that successfully targeted Nikola Corp. in September has set his sights on a new name:...

UK unemployment hits 3-year high in August, as COVID-19 sees nearly 3 million people claim jobless benefits

WIktor Szymanowicz/NurPhoto via Getty Images UK unemployment jumped to its highest rate in over three years, rising to 4.5% in the three months to...

Billionaire ‘Bond King’ Jeff Gundlach says stocks will crash, predicts a weaker dollar, and questions bitcoin in a new interview. Here are the 10 best quotes. | Currency News | Financial and Business News

2011 Jeffrey Gundlach co-founder and Chief Executive Officer and Chief Investment Officer of DoubleLine speaks at the 16th annual Sohn Investment Conference in New York...

A top JPMorgan advisor is advising her clients to cut their exposure to stocks and hold more cash to weather Washington’s gridlock on stimulus

House Speaker Nancy Pelosi of Calif., tears her copy of President Donald Trump’s s State of the Union address after he delivered it to a...

US stocks rise as investors weigh latest comments on stimulus progress

John Moore/Getty Images US stocks gained on Thursday on revived hopes for near-term stimulus and on jobless claims that declined week-over-week. President Donald Trump...

Vedanta delisting: Why Vedanta delisting is likely to fail

For long-term investors in Vedanta, it is time to switch over to a better stock, says Mahantesh Sabarad, head of retail research at SBICAP Securities....

The US economy can survive without new stimulus until after the election and avoid a double-dip recession, Morgan Stanley’s investment chief says

Bloomberg TV The US economy doesn’t need stimulus in the next 30 days, Morgan Stanley’s top equity strategist told CNBC’s “Closing Bell” on Tuesday.  “I...

Tanishq sees better recovery in demand in smaller towns

There has been a lot of positivity thanks to festivals like Raksha Bandhan, Ganesh Chaturthi, Eid or Onamtanishq. We believe that as we head into...