Page 7 - Wall Streets

Trump may pick Cantor Fitzgerald CEO Howard Lutnick for Commerce chief

The Donald Trump transition team did not immediately respond to a request for comment.

Weekly contracts that made India top options market has last trading day

The surge in options trading boosted revenue for the nation's two stock exchanges and attracted the biggest Wall Street firms

Wall Street gains on Presidential poll day as technology, chip stocks rise

The final outcome could take days as opinion polls in the campaign's final days showed the contest between Republican Donald Trump and Democrat Kamala Harris was too close to call

Trump's Truth Social surpasses Musk's X in value after stock price surge

Donald Trump's Truth Social is now worth more than Elon Musk's X, thanks to a recent run-up in the shares of the parent company of the former president's social media platform. Trump Media and Technology Group is now valued at over USD 10 billion after its shares more than quadrupled since late September. Meanwhile, X Holdings is valued at around USD 9.4 billion, based on the most recent value the investment group Fidelity assigned to its stake in the company formerly known as Twitter. The stock of Trump Media, or TMTG, tends to move more with Trump's re-election odds than on its own profit prospects and investors have seen his chances of retaking the presidency improving of late. On Tuesday, the stock rose more than 12 per cent to USD 53.30, on top of a 21.6 per cent gain Monday. The stock was moving so sharply that trading was briefly halted several times during the morning. The stock had dropped to roughly USD 12 late last month. Trump created TMTG after he was banned from Twitte

LSEG platform users report outage across globe after Wall Street open

LSEG, which runs the London Stock Exchange and provides data and analytics to banks and other institutions, said it was working to resume service

Asian stocks, Wall Street futures edge up, China lowers repo rate

China's central bank surprised many by lowering its 14-day repo rate by 10 basis points

Asian shares rise on Wall St tech boost, dollar extends gains on yen

Earlier in Asian trade, the yen had eased further to a low of 142.95, but was last flat at 142.40 per dollar, perhaps helped a little by hawkish comments from a senior Bank of Japan official

Fiery US Prez elections debate gives Wall Street few new details on issues

Their exchanges left investors with few new details on issues that could sway markets, including tariffs, taxes and regulation

Wall Street traders suddenly converge on the economic hazards ahead

Stocks decouple, sell-off; Recession odds climb

Wall Street falls sharply to close its worst week in nearly 18 months

Another rout hit Wall Street Friday, with formerly high-flying technology stocks again taking the brunt, after a highly anticipated update on the US job market came in weak enough to add to worries about the economy. The S& P 500 dropped 1.7 per cent to close out its worst week since March 2023. Broadcom, Nvidia and other tech companies drove the market lower amid ongoing concerns that their prices soared too high in the boom around artificial intelligence, and they dragged the Nasdaq composite down by a market-leading 2.6 per cent. The Dow Jones Industrial Average dropped 410 points, or 1 per cent, after erasing a morning gain of 250 points. Sharp swings also hit the bond market, where Treasury yields tumbled, recovered and then fell again after the jobs report showed US employers hired fewer workers in August than economists expected. It was billed as the most important jobs report of the year, and it showed a second straight month where hiring came in below forecasts. It also ..

Wall Street T+1 switch is causing more pain than we thought: Citigroup

The T+1 shift was a global event for the financial industry because it affected every institution and investor with cash in the US capital markets

Nvidia suffers record $279 billion loss in market value as Wall St drops

Nvidia lost $279 billion in market capitalisation, a major indication that investors are becoming more cautious about emerging AI technology that has fueled much of this year's stock market gains

Wall Street plunges as US recession fears jolt global mkts; Apple falls 4%

Nvidia slid 5.6% after reports of a delay in the launch of its upcoming artificial-intelligence chips due to design flaws. Microsoft and Alphabet fell about 3% each

Asian stocks remain on back foot as wild week winds down, Yen steady

Regional stocks took their cues from Wall Street, where the S&P 500 and tech-heavy Nasdaq slipped further after Wednesday's frenetic selling

World stocks dip amid economic uncertainty, global outage disruptions

European shares slipped, Asia shares fell following an overnight selloff on Wall Street, and U.S. stock futures pointed to a weaker open later in the day.

Once hottest thing on Wall Street, where have all Chinese IPOs gone?

Wall Street has not seen anything close to a blockbuster Chinese IPO in three years

Asian shares drop after Wall Street closes another winning week

Asian shares were mostly lower Monday after US stocks coasted to the close of their latest winning week on Friday, even as Nvidia's stock cooled further from its startling, supernova run. US futures and oil prices dropped. In Tokyo, the Nikkei 225 index rose 0.7 per cent to 38,869.94, making it the sole major benchmark in Asia to post gains on Monday. The yen weakened to 159.93 per dollar during morning trading. Minutes of the Japanese central bank's last policy meeting released Monday put the yen under renewed pressure as it indicated that Any change in the policy interest rate should be considered only after economic indicators confirm that, for example, the CPI inflation rate has clearly started to rebound and medium-to long-term inflation expectations have risen. Meanwhile, it was reported that Masato Kanda from the Minister of Finance said officials are ready to intervene to support the currency at any time. Elsewhere, Hong Kong's Hang Seng dropped 1.2 per cent to 17,815.42,

Asian shares remain steady, dollar firm ahead of US inflation data report

European markets are also set to open slightly higher, with EUROSTOXX 50 futures up 0.3 per cent and the FTSE futures gaining 0.4 per cent

Wall Street's faster trade settlement sees some temporary processing bumps

The shift in the world's largest financial market is aimed at making market infrastructure more resilient, but investors and regulators braced for increased trade failures and other hiccups

Asian shares drift after rally, Wall Street reopens amid rate cut bets

Japan's Nikkei, on the other hand, slipped 0.3 per cent, reversing some of the 0.7 per cent advance a day ago