Stock market

Bank of England Halts Interest Rate Hikes Amid Cooling Economy

The Bank of England (BoE) kept the base rate on hold today, marking a pause after 14 consecutive interest rate rises. The decision was influenced by lower-than-expected inflation numbers and a series

HP Inc. To Host Securities Analyst Meeting on October 10

Technology giant HP Inc. (NYSE: NYSE:HPQ) announced on Monday that it will be hosting its 2023 Securities Analyst Meeting on October 10, 2023. The key event is set to take place at HP's headquarters i

CRH Debuts on NYSE After Leaving Dublin Exchange, Flutter Entertainment Might Follow

CRH (NYSE:CRH), the building materials giant, debuted on the New York Stock Exchange (NYSE) today, Monday, after being delisted from the Irish Stock Exchange. The company has been trading in Dublin fo

Muthoot Finance’s 32nd NCD Issue Oversubscribed on First Day

On Monday, Muthoot Finance Ltd's 32nd series of Public Issue of Secured Redeemable Non-Convertible Debentures (NCDs) received an overwhelming response from investors, with the issue being oversubscrib

MGM Resorts Faces Class Action Over Cyberattack, Operations Resume After 10-Day Shutdown

MGM Resorts International (NYSE:MGM) has been named in a class action lawsuit following a significant data breach that exposed its customers' personal information and disrupted operations for ten days

Global Housing Market Sees Sharpest Decline Since 2008, Says Ubs Report

The global housing market is experiencing a significant drop in home prices, marking the steepest decline since the 2008 financial crisis, according to a recent report by UBS. The study, published on

Tesla’s Q3 Delivery Figures Face Downward Revisions Ahead of Announcement

Tesla Inc. (NASDAQ:TSLA) is set to announce its third-quarter delivery figures in a few days, with Wall Street analysts predicting lower numbers than previously expected. The consensus among analysts

Wall Street Exchanges Shorten Options Trading Wait Period for New Listings

In a significant shift in trading rules, major Wall Street exchanges have reduced the waiting period for options trading on newly listed companies from four sessions to two. This change, which took pl

CBOE and S&P Global Launch New Index to Measure S&P 500 Dispersion

Cboe Global Markets (BATS:NYSE:CBOE) and S&P Global (NYSE:SPGI) announced on Monday their collaboration to launch a first-of-its-kind index, the Cboe S&P 500 Dispersion Index (DSPX), set to go live on

US Household Savings Dip, Raising Concerns Over Consumer Spending Capacity

The financial reserves of the majority of American households, excluding the top 20% in terms of wealth, have significantly decreased since the onset of the pandemic, according to a recent study by th

Saudi Arabian logistics firm SAL announces IPO, eyes $678 million raise

Saudi Arabian cargo and logistics firm, SAL Saudi Logistics Services Co., announced on Monday its plan to conduct an initial public offering (IPO) with a target to raise as much as SAR 2.54 billion ($

Maruti Suzuki shares see moderate rise amid increased trading volume

Maruti Suzuki India Ltd., a leading entity in the Indian automotive sector, experienced a modest increase in its share price on Monday. The shares rose by 0.47% to 10,586.25 Indian rupees in a trading

Site Centers Corp Announces $0.13 per Share Dividend, Despite Declining Growth Rate

SITE Centers Corp (NYSE:SITC), a U.S.-based Real Estate Investment Trust (REIT), declared a dividend of $0.13 per share on Monday. The payment is scheduled for October 12, 2023, with an ex-dividend da

Citigroup Resumes Analysis of Golar Lng With Neutral Recommendation

On Monday, Citigroup (NYSE:C) resumed its analysis of marine LNG infrastructure firm Golar Lng (NASDAQ:GLNG), recommending a neutral stance. The financial institution's one-year price forecast for the

Bitcoin Struggles to Maintain Rally Amid Upcoming Options Expiry and Potential ETF Approval

Bitcoin (BTC) is exhibiting a bearish trend, trading below the $27,000 mark on Monday after failing to sustain last week's upward rally. The overall cryptocurrency market has seen a 1.08% decrease in

Home Depot’s Revenue Forecast Dims Amid Slowdown in Home Renovations

Home Depot (NYSE: NYSE:HD), a leading retail player, is expected to face a slowdown in revenue for the current fiscal year due to a recent decline in home renovation activities. The company's stock ha

California-Based Armlogi Holdings Seeks IPO, Plans Expansion

Armlogi Holdings, a warehousing and logistics service provider based in California, filed for an initial public offering (IPO) on Monday. The company has expressed its intention to offer two million s

Market Eyes on Nike and Micron Technology for Potential Rebound

Investors are keenly watching the financial updates from influential companies such as Nike (NYSE:NKE) and Micron Technology (NASDAQ:MU) this week, amid recent major market benchmark losses. Both comp

U.S. stocks are down on fears of higher rates, looming government shutdown

Hollywood Writers and Studios Reach Preliminary Agreement, Ending Months-Long Strike

A preliminary agreement was reached between Hollywood writers and studios late Sunday, potentially ending a months-long strike that has disrupted TV and movie productions. The details of this three-ye