Stock market

Alcoa Corp. stock hits multiyear low amid leadership change
September 26, 2023 06:38 AM AEST| By InvestingAlcoa (NYSE:AA) Corp., a leading aluminum producer, saw its shares drop to a multiyear low on Monday, following the announcement of a leadership change within the company. The stock fell by 5.1% in mo

Sealed Air projected to rebound in 2024 after challenging year: Citi
September 26, 2023 06:38 AM AEST| By InvestingSealed Air (NYSE:SEE), the corporation recognized for its production of Bubble Wrap, Cryovac, and Liquibox, is expected to witness a surge in earnings in 2024, as per analysts at Citi. This projection

Inflation Target Challenges Persist for Federal Reserve Amidst Rising Car and Energy Costs
September 26, 2023 06:38 AM AEST| By InvestingThe Federal Reserve's ongoing struggle to reach its target inflation rate of 2% has been further complicated by escalating car prices and rising energy costs, as reported on Monday. The current econom

Stock Market Today: Dow in late dash higher as Amazon climb helps tech shake funk
September 26, 2023 06:30 AM AEST| By InvestingInvesting.com -- The Dow made a late dash higher to eked out a gain Monday, as an Amazon (NASDAQ:AMZN) fueled rise in tech and a jump in energy stocks helped stocks wriggle away from the squeeze deliv

Eurozone bond market reacts to ECB's high-interest rate stance
September 26, 2023 06:26 AM AEST| By InvestingThe European Central Bank's (ECB) decision to maintain high interest rates for an extended period has led to a rapid sell-off of German 10-year government securities, pushing their yield to the highes

US stock indices recover as several companies witness share price gains
September 26, 2023 06:26 AM AEST| By InvestingOn Monday, major U.S. stock indices ended the trading session near their peak, despite a rise in the country's yields. The ten-year yield experienced an increase of about 11 basis points, while the th

Hollywood Strike Set to Conclude With Tentative Agreement Boosting Media Stocks
September 26, 2023 06:22 AM AEST| By InvestingThe prolonged strike that had significantly disrupted Hollywood's TV and film production is expected to end following a tentative agreement between writers and studios, announced late Sunday. The deal

First Citizens Stock Surges Post-SVB Acquisition, Defying Market Norms
September 26, 2023 06:18 AM AEST| By InvestingMonday saw a continued rise in the stock value of Raleigh, N.C.-based lender First Citizens BancShares, which surged over 50% following its acquisition of Silicon Valley Bank (SVB). This trend is unus

US Stocks Slide Amid Rising Bond Yields and Fears of Higher Interest Rates
September 26, 2023 06:18 AM AEST| By InvestingUS stocks experienced a further decline on Monday, extending the previous week's losses as investors grappled with rising bond yields and the prospect of prolonged higher interest rates. The S&P 500 i

Barclays to Close UK Accounts of Expats Living Abroad
September 26, 2023 06:16 AM AEST| By InvestingBarclays (LON:BARC) has announced plans to shut down the UK current and savings accounts of British expatriates, a move set to affect thousands of customers. The decision, confirmed on Monday, will po

Credit Card Losses Accelerate, Reach Fastest Pace Since 2008 Financial Crisis
September 26, 2023 06:14 AM AEST| By InvestingCredit card companies are witnessing a surge in losses at a rate unseen since the 2008-09 financial crisis, according to a recent report by U.S. investment bank Goldman Sachs (NYSE:GS). The report, pu

Hertz Rides the Wave of ‘Revenge Travel’, While Options Volume Favours the Stock
September 26, 2023 06:14 AM AEST| By InvestingHertz (NYSE:HTZ), once an emblem of economic turmoil during the COVID-19 pandemic, has made a resilient comeback from Chapter 11 bankruptcy, becoming symbolic of the resurgence in travel. As borders r

Biophytis shares surge 73% following partnership deal with Skyepharma
September 26, 2023 06:10 AM AEST| By InvestingShares of biotechnology company Biophytis surged 73% to $1.59 on Monday following the announcement of a partnership deal with French pharmaceutical firm Skyepharma. The collaboration is set to produce

Fed Holds Rates Steady, Signaling Cautious Approach to Inflation Fight
September 26, 2023 06:10 AM AEST| By InvestingThe Federal Reserve Open Market Committee (Fed) concluded its September meeting on Monday, maintaining the federal funds rate while emphasizing its ongoing battle against inflation. Fed Chairman Jerom

Netflix ordered to halt patent infringement by German court in ongoing Broadcom dispute
September 26, 2023 06:10 AM AEST| By InvestingIn a significant development in the tech and entertainment industry, a ruling by the District Court of Munich on Monday has found Netflix (NASDAQ:NFLX) guilty of infringing on a patent held by global

Goldman Sachs, HSBC and Others Collaborate for Improved Client Stock Position Disclosures
September 26, 2023 06:10 AM AEST| By InvestingThis Monday, Goldman Sachs Group Inc. (NYSE:GS), HSBC Holdings Plc (LSE:LON:HSBA), Barclays Plc (LSE:LON:BARC), BNP Paribas (OTC:BNPQY) SA (EPA:BNP) and another unnamed bank announced their collaborat

US Corporate Pensions at Healthiest Level in a Decade, Aon Data Shows
September 26, 2023 06:08 AM AEST| By InvestingPension plans for the largest U.S. companies are at their healthiest in over a decade, according to financial services firm Aon (NYSE:AON). The average pension "funded ratio" for public companies in t

XRP leads cryptocurrency investment inflows, surges 700% despite market outflows
September 26, 2023 06:08 AM AEST| By InvestingIn a surprising turn of events, XRP, a leading digital currency, has seen a sevenfold increase in investment inflows over the past week, establishing it as the top cryptocurrency for investment produc

Ethereum's Shanghai upgrade spurs liquid staking derivatives growth amid centralization concerns
September 26, 2023 06:06 AM AEST| By InvestingEthereum's Shanghai upgrade has led to a significant rise in liquid staking derivatives (LSDs), a newly formed asset class, which has seen its financial demand increase sharply. As per data from Dune

Goldman Sachs CEO supports traditional energy amid pressure for renewable transition
September 26, 2023 06:04 AM AEST| By InvestingGoldman Sachs Group Inc (NYSE:GS).'s CEO, David Solomon, reaffirmed the bank's support for traditional energy companies during his address at the American Energy Security Summit in Oklahoma City on Mo

Advertise your brand on Kalkine Media