Page 9 - Wall Streets

Tinder-parent Match forecasts weak revenue on lower spending on dating apps

It forecast 2024 revenue of between $3.57 billion and $3.67 billion, representing a growth of 6 per cent to 8 per cent compared with an estimate of 7.8 per cent

Adobe signals slow growth in generative AI tech, disappoints investors

In the fiscal fourth quarter, sales increased 12% to $5.05 billion. Profit, excluding some items, was $4.27 a share

Wall Street rallies, Treasury yields rise as high profile earnings loom

All three major U.S. indexes started the session with solid gains in a broad rally that favored economically sensitive sectors such as transports, consumer discretionary and materials

Pelosi, Hoyer get evicted from prime capitol space after McCarthy ousted

Sometimes these rooms are given nicknames that have changed over the years

Correction lurking for Wall Street-driven markets, warns Christopher Wood

The investment in Container Corporation of India within the India long-only portfolio will be removed and replaced with an investment in JSW Energy

Banking giant Wells Fargo prepares for wealth battle after $1 bn turnaround

When Chief Executive Officer Charlie Scharf took the reins at Wells Fargo in 2019, he quickly tagged the firm's wealth offerings as an area he'd seek to develop

Wall Street dips, the dollar strengthens ahead of key inflation data

One week from today, the central bank is due to convene its two-day policy meeting, at which the Fed is broadly expected to let current key interest rates stand

Global shares sink after US Fed notes dent hopes of rate hikes ending

Global stocks followed Wall Street lower Thursday after notes from a US Federal Reserve meeting dented hopes interest rate hikes are finished. London, Hong Kong, Paris and Seoul declined. Shanghai and Wall Street futures advanced. Oil prices rose. Wall Street's benchmark S&P 500 lost 0.8% on Wednesday after minutes from the Fed's latest meeting suggested board members are unsure what to do after raising their key lending rate to a two-decade high. Traders had hoped the board would decide inflation was under control and last month's rate hike was the last. Fed officials face a tough balancing act between the risk of an inadvertent over-tightening of policy against the cost of an insufficient one, said Tan Boon Heng of Mizuho Bank in a report. In early trading, the FTSE 100 in London fell 0.3% to 7,332.01. The CAC 40 in Paris lost 0.4% to 7,233.00 and the DAX in Frankfurt retreated 0.3% to 15,738.25. On Wall Street, futures for the S&P 500 and the Dow Jones Industrial Average ...

Amazon crosses Wall Street's estimates, posts $134 bn revenue in Q2

Online sales lift earnings; shares surge about 11% in early trade

Wall Street's use of AI and Data analytics faces new SEC restrictions

The US Securities and Exchange Commission approved a plan on Wednesday to root out what Chair Gary Gensler has said are conflicts of interest that can arise when financial firms adopt technologies

Microsoft lays out spending plan to meet artificial intelligence demand

Wall Street is looking at how generative AI services may benefit Microsoft, which secured an early lead with investments in OpenAI, owner of the popular ChatGPT service

Global shares jump on Wall Street's return to highest level in over a year

Global shares rose Thursday, boosted by Wall Street's return to its highest level in more than a year after a report showed US consumer inflation cooled a bit more than expected last month. France's CAC 40 added 0.2% in morning trading to 7,350.45. Germany's DAX edged up 0.2% to 16,048.19. Britain's FTSE 100 gained 0.1% to 7,425.73. US shares were set to drift higher with Dow futures up nearly 0.2% to 34,608.00. S&P 500 futures up 0.3% to 4,521.25. In Asia, Japan's benchmark Nikkei 225 jumped 1.5% to finish at 32,419.33. Hong Kong's Hang Seng surged 2.6% to 19,350.62, while the Shanghai Composite gained 1.3% to 3,236.48, even as China reported a slump in trade in June. Chinese exports tumbled 12.4% in June from a year earlier as demand weakened after central banks raised interest rates to curb inflation even as Chinese leaders struggled to keep a post-COVID recovery from faltering. The customs data released Thursday showed imports slid 6.8%, while the trade surplus rose was $70.6 .

Wall Street set for gains as investors look for cooler inflation, Fed pause

A global index of stocks rose slightly on Monday while US Treasury yields also edged higher ahead of key US inflation readings and interest rate decisions later this week from central banks

Big Tech cos continue to climb, S&P 500 up 0.3%, fourth weekly gain in row

Stocks are off to another mixed start on Wall Street as more gains for Big Tech companies offset weakness elsewhere in the market. The S and P 500 was up 0.3 per cent in the early going on Friday, on track for its fourth weekly gain in a row. A day earlier the bechmark index closed 20 per cent above its October low, entering a new bull market. The Nasdaq composite added 0.7 per cent and the Dow Jones Industrial Average was just barely higher with a gain of less than 0.1 per cent. Chipmaker Nvidia rose another 2 per cent. European markets were lower and Asian markets closed higher overnight. European shares declined on Friday after a day of gains in Asia following Wall Street's return to bull market status. France's CAC 40 lost 0.4 per cent to 7,198.50 while Germany's DAX slipped 0.3 per cent to 16,886.40. Britain's FTSE 100 shed 0.4 per cent to 7,572.16. The future for the Dow Jones Industrial Average shed 0.2 per cent and the contract for the S and P 500 future was down 0.1 per ..

Recession already here, as earnings shrink and Wall St fears worse to come

The latest round of corporate earnings is leaving Wall Street with a confounding sense of relief and lingering anxiety. Companies are in the midst of an earnings recession", meaning profits have contracted for two straight quarters, starting with a 4.6 per cent drop at the end of 2022. Profits for S and P 500 companies shrank just over 2 per cent last quarter, compared with forecasts of a 6.7 per cent drop. That brought some relief to Wall Street that the quarter wasn't as bad as it could have been. But, analysts also expect more pain ahead. Analysts polled by FactSet now expect a 6.4 per cent contraction for profits in the current quarter. That shows just how worried analysts are about the impact from inflation on businesses and consumers. Fears about a recession continue to weigh on the broader economy and are a big factor in corporate and independent forecasts for company profits. With a recession still looming, it's unlikely that earnings have hit rock bottom, said Michael Aro

US default scenarios span from localised pain to Jamie Dimon's 'panic'

Broader disruption in financial markets would quickly put focus on the Fed, which during the 2011 debt-limit showdown compiled a backstop menu of options to avert systemic collapse

Wall Street gains, dollar climbs on solid data, debt ceiling progress

The three major U.S. stock indexes initially wavered but soon gathered strength, with tech shares putting the Nasdaq out front

LIVE new updates: India reports 3,095 coronavirus cases on Friday

Catch all the latest updates from across the globe here

Wall Street poised to join stocks advance, inflation ebbs in Europe

The dollar was a touch weaker, while crude oil prices rose after a surprise drop in U.S. stockpiles

Silvergate plans to wind down bank ops, liquidate after crypto metldown

Silvergate collapsed amid scrutiny from regulators and a criminal investigation by the Justice Department's fraud unit into dealings with fallen crypto giants FTX and Alameda Research