Stock market

HanesBrands reviews strategic options for global Champion business

HanesBrands (NYSE: HBI) announced on Tuesday that its Board of Directors and executive leadership team are evaluating strategic alternatives for the company's global Champion business, with the aim of

Deckers Outdoor exhibits promising growth with substantial ROCE increase

Deckers Outdoor (NYSE:DECK), a renowned footwear company, has recently shown significant signs of growth, underpinned by an impressive return on capital employed (ROCE) and an expanding capital base.

Klaviyo raises IPO range, targeting $9 billion valuation amid tech IPO surge

Marketing automation firm Klaviyo has raised its initial public offering (IPO) price range to between $27 and $29 per share, up from the initial $25 to $27 per share. The move targets a valuation of n

Nomura's subsidiary launches Bitcoin fund for institutional investors

Nomura Group's digital asset subsidiary, Laser Digital Asset Management, has launched a Bitcoin fund targeting institutional investors. The Bitcoin Adoption Fund was unveiled on Tuesday, marking the f

IMF raises concerns over petroleum product smuggling in Pakistan

The International Monetary Fund (IMF) has expressed serious concerns over the extensive smuggling of petroleum products in Pakistan, leading to significant revenue shortfalls, according to sources wit

Nio's stock dips as it plans to sell $1 billion in convertible notes

Chinese electric vehicle manufacturer Nio (NYSE:NIO) witnessed an 11% decline in its stock price Tuesday morning, following the announcement of its intention to sell $1 billion in senior convertible n

Stock market dips ahead of Fed meeting and Instacart's debut on Nasdaq

Tuesday saw a dip in the stock market with the S&P 500 and the Dow Jones Industrial Average dropping roughly 0.2%, and the Nasdaq Composite falling by over 0.4%. Investors are on edge, anticipating th

Rising Treasury yields anticipate Federal Reserve's policy decision

Treasury yields have started to rise as traders anticipate a lasting increase in rates. This surge is driven by a series of strong data released last week. The 2-year yield, which is particularly sens

USD/CAD under pressure as US Dollar corrects ahead of Fed policy, Canadian inflation rises

The USD/CAD pair is experiencing significant selling pressure this Tuesday as the US Dollar weakens ahead of the Federal Reserve's interest rate decision. Meanwhile, Statistics Canada reports that the

Morgan Stanley debuts AI assistant, boosting shares amidst industry-wide AI adoption

Morgan Stanley (NYSE:MS) has launched an artificial intelligence (AI) assistant, leveraging OpenAI's GPT-4 software. The debut of 'AI @ Morgan Stanley Assistant' on Monday led to a 0.4% rise in the ba

Genie Energy's robust performance draws investors' attention

NYSE-listed Genie Energy has been exhibiting impressive growth in its return on capital employed (ROCE), significantly outperforming the industry average. As of Tuesday, the company's ROCE stands at a

RR Kabel set for market debut, expected to list with 10-15% premium

Consumer electrical products manufacturer RR Kabel is scheduled to make its stock market debut tomorrow, September 20, 2023. Analysts predict a listing premium of 10-15% over the issue price of Rs 1,0

Cboe CEO resigns over failure to disclose personal relationships with colleagues

Investing.com -- Cboe Global Markets (NYSE:CBOE) has said that Edward Tilly has resigned as Chairman and Chief Executive Officer of the derivatives and securities exchange network after he failed to d

Cellecor Gadgets' IPO oversubscribed, shares command premium in grey market

Electronics market player Cellecor Gadgets has secured Rs 14.46 crore ($1.94 million) from four anchor investors as its initial public offering (IPO) is set to conclude for bidding on Wednesday, Septe

U.S. stocks are falling as investors await outcome of Fed's meeting

ECB official's comments on high interest rates trigger surge in German borrowing costs

The European Central Bank (ECB) official, Francois Villeroy de Galhau, emphasized the necessity of sustaining high interest rates to keep inflation in check. This announcement led to a surge in German

CVS Health shares climb after Evercore ISI analysts improve rating

Investing.com -- Shares in CVS Health (NYSE:CVS) edged higher in early U.S. trading on Tuesday after analysts at Evercore ISI upgraded their rating of the healthcare group to outperform from in line.

Copper prices continue to slide amid high interest rates and rising inventory concerns

Copper prices extended their losses on Tuesday due to fears over prolonged high interest rates and rising inventories. The three-month copper on the London Metal Exchange (LME) was down 1% at $8,278 p

ECB likely to maintain deposit rate at 4.00% until year-end, poll suggests

A recent poll of 70 economists unanimously anticipates that the European Central Bank (ECB) will keep the deposit rate at its current level of 4.00% until the end of the year, according to data releas

Select Medical Holdings stock shows potential despite recent fluctuations

Select Medical (NYSE:SEM) Holdings Corporation (NYSE:SEM), a mid-cap stock, has seen notable volatility in its share price recently, peaking at $32.17 before dropping to a low of $25.87. As of Tuesday