China increased support for the economy with surprise interest rate cuts, seeking to prop up growth after a lack of short-term stimulus from a major Communist Party meeting disappointed investors.…
stocks
-
-
InvestmentInvestorsMarketNews
TSMC Seeks Up To $100 Million Investment In Oversubscribed Arm IPO
by Joseph Kellyby Joseph KellyThe board of Taiwan Semiconductor Manufacturing Co. (TSM) has approved an investment of up to $100 million in the Initial Public Offering (IPO) of UK-based chip designer Arm. TSMC’s board held a…
-
financialGlobal InvestmentsInvestmentInvestorsMarketNews
Allspring Global Investments Holdings LLC Decreases Stock Holdings in MGIC Investment Co. (NYSE:MTG)
Allspring Global Investments Holdings LLC reduced its position in shares of MGIC Investment Co. (NYSE:MTG – Free Report) by 9.7% in the 1st quarter, according to the company in its most recent…
-
AsiafinancialGlobal InvestmentsGlobal NewsJapanMarketNews
Japan IPOs Top Asia for Gains as Global Investment Continues
Initial public offerings in Japan may keep attracting buyers after having delivered the biggest gains among newly listed Asian shares this year in the world’s best-performing equity market. Tokyo’s debutants…
-
EconomyFeaturedfinancialfortofolioGlobal NewsInvestmentNewsUS
Risk-reward for Roblox “turned sharply negative” – Morgan Stanley downgrades, lowers target
by Michael Loweby Michael LoweMorgan Stanley analysts downgraded Roblox Corporation (NYSE:RBLX) to ‘Underweight’ from ‘Equal-weight’ and lowered their Price Target on the shares to $24 from $27.50, citing ‘slower growth in 2H and minimal…
-
EconomyFeaturedfinancialGlobal NewsInvestmentUS
Dow futures fall 230 pts; Brainard speech, jobless claims, Netflix in focus
by Michael Loweby Michael LoweU.S. stocks are seen opening lower Thursday, continuing the previous session’s selloff ahead of the release of widely-watched economic data, speeches from Federal Reserve policymakers and important corporate earnings. At…
-
EconomyFeaturedfinancialfortofolioGlobal NewsInvestmentNewsUSWorld News
U.S. stocks were falling as investors await Fed’s beige book
U.S. stocks turned lower on Wednesday despite economic data on retail sales and producer prices that eased fears about interest rate hikes. At 11:10 ET (16:10 GMT), the Dow Jones Industrial…
-
EconomyFeaturedfinancialGlobal NewsInvestmentLifestyleNewsWorld News
Stocks and oil slide on rekindled recession worries
Stocks and oil prices dipped on Thursday after weak U.S. consumer data rekindled global recession worries, while Japan’s yen reared up again as traders took fresh punts that the Bank…
-
EconomyFeaturedfinancialGlobal NewsInvestmentNewsUSWorld News
Stocks fall after data showing a cooling economy
U.S. stocks were falling on Wednesday as investors studied data that showed the economy was cooling. At 12:56 ET (17:56 GMT), the Dow Jones Industrial Average was down 429 points or 1.3%,…
-
EconomyEuropeFeaturedfinancialfortofolioGlobal NewsInvestmentNews
European stocks lower on recession fears; Boohoo slumps
European stock markets fell Thursday, following the weaker global sentiment as investors fretted about the possibility of a recession this year. At 04:10 ET (09:10 GMT), the DAX index in Germany traded…