KamalaCrash Trending on Social Media, Google Search As Stocks Plummet
BEDMINSTER, NJ -The hashtag #kamalacrash is trending on social media platforms like Twitter, X (formerly Twitter), and Facebook, reflecting former President Donald Trump’s commentary linking Vice President Kamala Harris to a significant…
Taiwan urges investors to stay calm as stocks including TSMC fall
By Liang-sa Loh TAIPEI -Taiwan’s economic fundamentals are good and investors should remain calm and rational, and not panic, Deputy Finance Minister Frank Juan told Reuters on Friday after a large fall…
Columbia Man Sentenced to 5 Years in Federal Prison for Fraud Scheme that Amassed 94 Firearms and 7 Bump Stocks
COLUMBIA, SOUTH CAROLINA — Edward Daniel Kimpton, Jr., 26, of Columbia, was sentenced to 5 years in federal prison after pleading guilty to wire fraud and possession of stolen firearms. Evidence presented to…
IKEA’s stocks back at 2019 levels in Europe as transport bottlenecks ease
By Anna Ringstrom STOCKHOLM – Warehouses for IKEA stores in Europe are as full as they were before the pandemic after an easing of transport bottlenecks in the region, the retail manager…
Australian stocks shed $172 billion in H1, analysts see more pain
By Shashwat Awasthi (Reuters) – Australian shares were set to lose a tenth of their market value in the first half of 2022, and analysts warned of more pain ahead from a…
JP Morgan sees portfolio rebalancing lifting U.S. stocks 7% next week
By Saqib Iqbal Ahmed NEW YORK – U.S. equities could see a 7% move up next week as investors rebalance their portfolios after a brutal first half of the year, J.P. Morgan’s…
Bridgewater’s bearish bets on European stocks jump to $10.5 billion – Bloomberg News
(Reuters) – Bridgewater Associates has raised its short position on European stocks to $10.5 billion, nearly doubling from the previous week, according to a Bloomberg News report on Thursday, in a sign…
Analysis: High energy prices could sink U.S. stocks during earnings season
By David Randall NEW YORK – Sky-high oil prices pose yet another obstacle to U.S. corporate earnings, and some on Wall Street are worried this could sink stock prices even deeper into…
European stocks bounce off lowest in more than a year after Powell remarks
By Sruthi Shankar and Susan Mathew (Reuters) -European stocks bounced off session lows on Wednesday after Federal Reserve Chair Jerome Powell said the U.S. central bank is “strongly committed” to bringing down…
Growing forecasts for U.S. recession may spell more trouble for stocks
By Saqib Iqbal Ahmed NEW YORK – The Federal Reserve’s aggressive monetary policy tilt has prompted some of Wall Street’s biggest banks to ramp up forecasts for a U.S. recession, threatening more…
Cloudy valuations give investors pause in buying beaten-up U.S. stocks
By Lewis Krauskopf NEW YORK – Whipsawing bond yields, surging oil prices and a Federal Reserve bent on squashing the worst inflation in four decades are hampering investors’ ability to assess U.S.…
Stocks in biggest weekly loss since 2020 on interest-rate worries
By Koh Gui Qing NEW YORK – World stocks on Friday closed out their steepest weekly slide since the pandemic meltdown of March 2020, as investors worried that tighter monetary policy by…
Russian rouble, stocks steady, defy global volatility
(Reuters) – The Russian rouble gained slightly on Friday, while stock markets dipped but remained steady compared with the extreme volatility of major U.S. and European bourses over recent days. At 1225…
Bridgewater bets $6.7 billion against European stocks
By Carolina Mandl NEW YORK -Bridgewater Associates has placed at least $6.7 billion in bets against European stocks, according to data group Breakout Point, in a sign that the hedge fund firm…
Moscow mulling ways to help foreigners sell Russian stocks, bonds -finance ministry
(Reuters) – Russian authorities are discussing the idea of giving foreign investors who are willing to cut exposure to Russia a chance to ditch their Russian stocks and bonds later this year…
Some see few signs of a bottom in U.S. stocks, even after steep selloff
By Lewis Krauskopf NEW YORK – Despite a crushing selloff that pushed U.S. stocks into a bear market, investors see few signs suggesting equities have hit bottom, as persistent worries over surging…
Analysis-U.S. stocks’ bear market growl could beckon recession
By Lewis Krauskopf NEW YORK – The bear market in U.S. stocks could be a prelude to even tougher times to come: a market swoon has often come hand-in-hand with recession. Worries…
Europe retail stocks lower on Target’s latest warning
LONDON – European retail stocks fell sharply on Tuesday, spooked by U.S. retailer Target Corp slashing its quarterly margin forecast for the second time in less than a month. Target said it…
Russian rouble eases towards 62 vs dollar, stocks extend fall
(Reuters) – The Russian rouble weakened towards 62 against the dollar on Monday, steered by internal market flows and capital controls, while stock indexes extended losses after the latest Western sanctions. At…
After rocky period, U.S. stocks will end year up from current levels: Reuters poll
By Caroline Valetkevitch NEW YORK – Wall Street strategists expect U.S. stocks to end 2022 above current beaten-down levels but some warned of turbulence on concerns inflation and aggressive interest rate rises…
Consumer stocks diverge as Walmart disappoints, citing inflation
By Sinéad Carew (Reuters) – Shares in consumer discretionary and staples stocks were trading in opposite directions on Tuesday as encouraging retail sales data was countered by disappointing earnings and financial targets…
J.P. Morgan upgrades Chinese internet stocks, expects uncertainties to abate
(Reuters) – J.P. Morgan analysts upgraded the stocks of some Chinese internet companies on Monday and the brokerage expects “significant uncertainties” faced by the sector to abate. China signaled an easing of…
European stocks fall as rate hike worries seep back in
By Sruthi Shankar (Reuters) -European stocks slumped on Thursday, with most cyclical parts of the market coming back down, a day after U.S. inflation data fuelled worries about the impact of rising…
Foreigners turn net buyers of Japanese stocks in week to May 6
(Reuters) – Foreign investors were net buyers of Japanese stocks in the week ended May 6 as some investors scooped up shares in banking and commodity-related sectors, despite a sell-off in broader…
European stocks log best session in 6 weeks as cyclicals roar back
By Sruthi Shankar and Shreyashi Sanyal (Reuters) -European stocks locked in gains for a second straight session on Wednesday as strong earnings and a surge in economically sensitive sectors boosted sentiment after…
Election win for Philippines’ Marcos shores up family-affiliated stocks
By Neil Jerome Morales MANILA – Share prices of Philippine companies linked to presidential election winner Ferdinand Marcos Jr have surged this week, on what analysts said were expectations they would benefit…
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