Category: Top Story
-
Oil Gains Amid EU Sanctions Threat and Ukrainian Attacks
Oil prices in Asia edged higher on Monday after a week of declines, as traders considered the potential impact of new European Union sanctions on Russia and ongoing Ukrainian strikes targeting energy infrastructure. At 21:50 ET (01:50 GMT), November Brent futures rose 0.6% to $67.06 per barrel, while WTI crude gained 0.5% to $63.02 per…
-
Trend Followers Continue Adding Equities as Volatility Falls, Says BofA
Trend-following investors have been steadily increasing their U.S. equity positions as realized market volatility declines, according to Bank of America. The bank noted that Commodity Trading Advisors (CTAs) “have been running maximum long positions in S&P 500, Nasdaq 100 and Nikkei 225 futures for some time now,” and the easing of volatility likely encouraged continued…
-
Cruise line shares slide amid rising concerns over promotional activity
Shares of major cruise operators dropped on Friday as investors reacted to growing signs of increased promotional efforts across the sector. Carnival Corporation (NYSE:CCL) led the decline with a 3.2% fall, while Royal Caribbean Cruises (NYSE:RCL) lost 2.7%, Norwegian Cruise Line Holdings (NYSE:NCLH) fell 1.7%, and Viking Holdings (NYSE:VIK) slid 2.5%. The selloff comes after…
-
Dow Jones, S&P, Nasdaq, Wall Street Futures Signal Slight Gains Ahead
U.S. stock futures suggest a modestly higher open on Friday, as investors look to continue the momentum from Thursday’s strong session. Despite September typically being one of the weaker months for equities, major indexes have trended upward over the past few weeks. Optimism surrounding lower interest rates has bolstered the markets, following the Federal Reserve’s…
-
Blackstone names Katie Keenan as new Breit CEO after LePatner’s death – WSJ
Blackstone (NYSE:BX) has selected Katie Keenan to lead Breit, one of the firm’s largest funds aimed at individual investors, following the untimely passing of former CEO Wesley LePatner, the Wall Street Journal reported. Keenan, 41, will additionally serve as the global head of Core+ real estate, managing all lower-risk investments across Blackstone’s $325 billion property…
-
Nvidia targets $500M investment in British autonomous driving startup Wayve
Nvidia (NASDAQ:NVDA), the American chipmaker, has entered a letter of intent to potentially commit $500 million to Wayve, a UK-based self-driving technology company, the startup confirmed Thursday. Wayve, currently active in the United Kingdom and United States, is broadening its testing and development programs into Germany and Japan, expanding its global footprint. The potential investment…
-
FedEx Shares Climb Premarket as Cost-Cutting Measures Lift Results Above Expectations
Shares of FedEx (NYSE:FDX) rose in premarket U.S. trading Friday after the Memphis-based shipping giant reported quarterly earnings that exceeded Wall Street forecasts and issued a full-year outlook aligning with analyst estimates. The company’s focus on reducing costs helped offset weak international volumes, particularly after the expiration of a tariff exemption for certain low-value products…
-
Dow Jones, S&P, Nasdaq, Wall Street, U.S. Futures Slip Slightly Ahead of Trump-Xi Call; Key Market Moves
U.S. stock futures dipped modestly Friday after Wall Street’s major indices posted fresh record closes in the previous session. Investors are now anticipating a phone call between President Donald Trump and Chinese leader Xi Jinping, with a potential deal regarding TikTok’s U.S. operations likely to be on the agenda. Meanwhile, FedEx posted quarterly results that…
-
Dollar Strengthens on Jobs Report; Yen Rises After BoJ Policy Meeting
The U.S. dollar inched higher on Friday, supported by encouraging employment data, while the Japanese yen gained following a relatively hawkish Bank of Japan meeting. By 04:00 ET (08:00 GMT), the Dollar Index, which measures the greenback against six major currencies, was up 0.2% at 97.175, recovering from earlier losses that had brought it to…
-
Gold Rises Toward Fifth Straight Weekly Gain After Fed Cuts Rates
Gold prices edged up in Asian trading on Friday, extending gains for a fifth consecutive week following the U.S. Federal Reserve’s widely expected interest rate reduction earlier this week. Spot gold increased 0.2% to $3,650.14 an ounce by 02:25 ET (06:25 GMT), after reaching an all-time peak of $3,707.40 on Wednesday. U.S. December Gold Futures…