Stock market

Philippine central bank hints at monetary tightening amid supply shocks
September 22, 2023 04:20 PM AEST| By InvestingIn response to persistent supply shocks, the Central Bank of the Philippines may resume monetary tightening as early as November, according to a statement made by the bank's Governor, Eli Remolona on

India's banking sector sees significant surge following JPMorgan's inclusion of government bonds in benchmark index
September 22, 2023 04:14 PM AEST| By InvestingThe Indian banking sector experienced a significant boost on Friday, as stocks rose by up to 7%. The spike was led by Public Sector Undertaking (PSU) banks, following JPMorgan Chase&Co (NYSE:JPM)'s an

Indian bonds to stimulate foreign investment, strengthen rupee with JPMorgan index inclusion
September 22, 2023 04:14 PM AEST| By InvestingThe inclusion of Indian bonds in JPMorgan (NYSE:JPM)'s emerging-market index is set to bolster foreign investments and fortify the Indian currency, according to financial analysts. This significant mo

FuboTV stock soars amid robust growth and ambitious future plans
September 22, 2023 04:14 PM AEST| By InvestingIn recent news, FuboTV (NYSE:FUBO), a sports-focused subscription video on demand (SVOD) service, has seen its stock price surge by an impressive 97% from its 52-week low of $0.96 to $2.49 as of Frida

State Bank of India UK disrupts buy-to-let mortgage market with 3.9% interest rate
September 22, 2023 04:04 PM AEST| By InvestingState Bank of India's UK arm (SBI UK) has introduced a 3.9% interest rate on its two-year fixed buy-to-let mortgage, significantly undercutting the current market average of 6.48%, as reported by Mone

U.S. bond yields hit 17-year high following Federal Reserve's interest rate stance
September 22, 2023 04:00 PM AEST| By InvestingU.S. bond yields have climbed to a significant 17-year high this week, following the Federal Reserve's decision to maintain a higher interest rate stance at its September policy meeting. The two-year

Eli Lilly shares dip for second day amid broader market downturn
September 22, 2023 03:22 PM AEST| By InvestingEli Lilly&Co (NYSE:LLY). experienced a decrease in share value for the second consecutive day, with a 3.42% drop on Thursday, closing at $550.13. This downturn is part of a broader decline in the stoc

Roadzen debuts on stock market amid optimism for AI-driven auto insurance
September 22, 2023 03:06 PM AEST| By InvestingInsurtech firm Roadzen made its public debut on Thursday through a merger with a special-purpose acquisition company (SPAC), marking a significant milestone in the auto insurance industry. Despite a d

Overstock faces challenges following Bed Bath & Beyond rebranding
September 22, 2023 02:58 PM AEST| By InvestingOverstock.com (NASDAQ:OSTK), the online furniture liquidator, is experiencing a significant drop in stock value following its rebranding to Bed Bath&Beyond (OTC:BBBYQ), despite initial investor enthus

Federal court supports Biden's ESG policy for retirement plans
September 22, 2023 02:54 PM AEST| By InvestingIn a significant ruling on Thursday, a federal court in Amarillo, Texas, upheld a Biden administration policy that encourages the integration of environmental, social, and governance (ESG) considerati

FTC files antitrust lawsuit against U.S. Anesthesia Partners and private equity firm
September 22, 2023 02:52 PM AEST| By InvestingThe Federal Trade Commission (FTC) filed an antitrust lawsuit against U.S. Anesthesia Partners and its financial backer, Welsh, Carson, Anderson&Stowe, a New York-based private equity firm on Thursday

Japanese equities see highest foreign divestment since 2019 amid Topix index surge
September 22, 2023 02:52 PM AEST| By InvestingIn a noteworthy shift in market dynamics, international investors have significantly reduced their holdings in Japanese equities. The volume of stocks sold this week was nearly double that of the prev

Hedge fund manager revises strategy due to robust oil market
September 22, 2023 02:16 PM AEST| By InvestingJames Jampel, founder of Massachusetts-based HITE Hedge Asset Management, announced on Thursday that his previous strategy of shorting fossil fuel stocks is no longer viable due to the strong surge in

Philippines central bank signals continuation of monetary tightening policy
September 22, 2023 02:14 PM AEST| By InvestingEli Remolona, the Central Bank Governor of the Philippines, indicated on Friday that the nation is likely to persist with its monetary tightening policy in November. The exact number of rate increases

Moody's reviews China's real estate sector, considers downgrading two key developers
September 22, 2023 02:00 PM AEST| By InvestingChina's ongoing real estate debt crisis has prompted Moody's (NYSE:MCO) Investors Service to consider a downgrade of two of the country's few investment-grade developers, China Jinmao Holdings Group L

Australian shares face steep weekly drop due to interest rate concerns
September 22, 2023 01:58 PM AEST| By InvestingAustralian equities have experienced a significant downturn this week, with the S&P/ASX 200 Index, a key measure of the country's stock market performance, falling by 4%. This decline, which has been

PBOC's yuan strategy impacts bond market, may reduce investor demand
September 22, 2023 01:52 PM AEST| By InvestingIn an unforeseen turn of events, the People's Bank of China's (PBOC) strategy to bolster the yuan may inadvertently affect the bond market, leading to a potential decrease in demand from investors who

Asian stocks dip, Nikkei tumbles on BOJ, inflation jitters
September 22, 2023 12:54 PM AEST| By InvestingInvesting.com-- Most Asian stocks moved in a flat-to-low range on Friday as markets continued to fret over rising interest rates, while Japan’s Nikkei tumbled amid uncertainty before a Bank of Japan

Starbucks shares dip for third consecutive day amid turbulent market
September 22, 2023 11:46 AM AEST| By InvestingStarbucks Corp (NASDAQ:SBUX).'s shares dipped by 2.16% to close at $93.10 on Thursday, marking a third consecutive day of losses for the company. This performance occurred during a turbulent trading s

Crypto regulation intensifies in US following FTX collapse
September 22, 2023 11:44 AM AEST| By InvestingIn the wake of the economic and political fallout from the collapse of prominent cryptocurrency exchange FTX in November, the Biden administration has ramped up regulatory measures against blockchain-

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