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Top Company News of the Day: Northvolt, Kroger, Albertsons, Rio Tinto, Goldman Sachs
Chinese Property Stocks Fall on Subdued Sentiment Following Weak Sales Chinese property stocks fell in Hong Kong on subdued investor sentiment, with companies reporting weaker contracted sales for December and the full year of 2023 as the property sector downturn continues. Global Battery Race Heats Up With Billions for Europe’s Northvolt The startup plans to…
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Top Company News of the Day: Boeing, GM, Adidas, JPMorgan
Boeing Faces Longer Wait to Resume MAX Deliveries in China More safety checks are being planned on the undelivered planes following the Alaska Airlines blowout. ‘This Has Been Going on for Years.’ Inside Boeing’s Manufacturing Mess. Outsourcing worried engineers and sparked battles over quality before a door plug blew out on an Alaska Airlines plane…
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S&P 500, Nasdaq Inch Higher But Dow Posts Modest Loss
With traders digesting earnings news from several big-name companies as well as the latest U.S. inflation data, stocks fluctuated over the course of the trading session on Friday. While the S&P 500 and the Nasdaq eventually ended the session slightly higher, the narrower Dow showed a modest move to the downside. The S&P 500 inched…
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Crypto: UBS Imposes BTC ETF Trading Restrictions, CoinShares Acquires Valkyrie’s ETF, and More
US Bitcoin ETFs attracted $4.6 billion in trades On the first day of trading, US-listed Bitcoin ETFs reached an impressive volume of $4.6 billion, attracting both bullish and bearish investors who placed $80 million in long and short bets. Investors rushed to purchase these new SEC-approved products, marking a significant milestone for the cryptocurrency industry.…
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Producer Prices Slightly Lower, Annual Rate Of Producer Growth Accelerated
Producer prices in the U.S. unexpectedly edged slightly lower in the month of December, according to a report released by the Labor Department on Friday. The Labor Department said its producer price index for final demand slipped by 0.1 percent in December, matching a revised dip in November. Economists had expected producer prices to inch…
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U.S. Stocks May Lack Direction As Traders Digest Earnings, Inflation Data
The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction after recovering from an early downturn and ending the previous session roughly flat. Stock futures had come under pressure earlier in the morning amid a negative reaction to earnings news from…
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Metals Prices Up
Metal prices traded higher after CPI data showed inflation rose more than expected, challenging market hopes for interest-rate cuts early this year. Meanwhile, the latest trade data from top metals buyer China revealed exports beat expectations in December , a sign that demand could be picking up, while imports also rose.
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Oil Prices Up After Airstrikes In Yemen
Oil prices jumped after the airstrikes against Houthi rebels in Yemen. The strikes heightened fears of a wider conflict in the Middle East and came shortly after Iran seized an oil tanker off the coast of Oman, adding to concerns over global shipping disruptions. “The Gulf of Oman is very near the Strait of Hormuz,…
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Euro Could Weaken Against Dollar
The euro could weaken against the dollar near term as markets trim U.S. rate-cut expectations after Thursday’s inflation data, Societe Generale Researchsaid. U.S. money-market pricing of a March rate cut–which assigns a 68% probability–is premature, it said. “EUR/USD has already tested 1.10 twice [this year] without managing to break upwards,” SocGen said. “While we maintain…
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Stock Futures Waver Ahead of Bank-Earnings Bonanza
Stock futures fluctuated on Friday as traders awaited quarterly earnings reports from some of the biggest banks. Oil prices jumped after a U.S.-led coalition launched more than a dozen strikes on Houthi rebel targets in Yemen following their attacks on ships in the Red Sea. MUFG said that prospects of escalating Middle East tensions after…