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…
Marketmind: PMIs could knock stocks off highs
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Creeping optimism that a deal will be reached over the U.S. debt ceiling standoff looks…
European shares run out of steam by close as Bayer, energy stocks weigh
By Ankika Biswas and Sruthi Shankar (Reuters) -Europe’s benchmark STOXX 600 was unchanged on Thursday as a drag by Germany’s Bayer and energy stocks offset an earlier rise on hopes of a…
Airbnb’s gloomy forecast weighs on hotel, airline stocks
By Chibuike Oguh NEW YORK (Reuters) – A gloomy forecast from vacation rental firm Airbnb weighed on travel-related stocks on Wednesday as an expected slowdown in bookings signaled an impending slump in…
Regional Bank Stocks Took Another Nosedive Despite Biden Admin’s Attempts To Calm Markets
Regional Bank Stocks Took Another Nosedive Despite Biden Admin’s Attempts To Calm Markets Jason Cohen on May 4, 2023 Regional bank stocks fell again on Thursday just days after federal officials assured…
Short sellers reap $378.9 million from losses in PacWest, two other bank stocks – Ortex
(Reuters) – Short sellers made $378.9 million in paper profits betting against regional banks First Horizon Corp, PacWest Bancorp and Western Alliance Bancorp in Thursday’s session, analytics firm Ortex said. Since the…
Goldman Sachs cautious on Turkish bank stocks ahead of election
LONDON (Reuters) – Goldman Sachs said on Thursday it was “cautious” on Turkish banks heading into the May 14 election, with lenders more vulnerable than the country’s other stocks to a potential…
European shares end higher with eyes on Fed, oil stocks fall for second day
By Shreyashi Sanyal (Reuters) -European shares climbed on Wednesday, a day after their biggest fall in a month, as speculation mounted the U.S. Federal Reserve might deliver its last interest rate hike,…
Factbox-Short sellers rake in $1.2 billion in profits as US regional bank stocks suffer
(Reuters) – Short sellers have pocketed $1.2 billion in paper profits betting against U.S. regional lenders in the first two days of May, analytics firm Ortex said, as the third major regional…
U.S. regional bank stocks volatile as investors eye Fed meet – Quotes
(Reuters) – Shares of major U.S. regional banks were volatile on Wednesday, after two straight sessions of declines following the collapse of the third U.S. lender and investors looked ahead to the…
Fund managers at Milken eye fixed income as stocks, real estate lose luster
By Svea Herbst-Bayliss and Carolina Mandl BEVERLY HILLS (Reuters) – Prominent investors including hedge fund and private equity managers at a major industry conference say they are shying away from stocks and…
Regional Bank Stocks Plummet Following First Republic Collapse
Regional Bank Stocks Plummet Following First Republic Collapse Jason Cohen on May 2, 2023 Regional bank stocks declined on Tuesday following the collapse of First Republic Bank the day prior, the second-largest…
Japan activist group hails bourse reform as remedy for undervalued stocks
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) – A group of investors led by prominent activist shareholder Yoshiaki Murakami said a push by the Tokyo bourse for better capital efficiency will…
Chinese small-cap stocks surge in meme-like rally
By Chibuike Oguh and Bansari Mayur Kamdar NEW YORK (Reuters) – The U.S.-listed shares of small and micro-cap Chinese firms soared on Friday, reminiscent of meme-like rallies last summer that were underpinned…
Ex-CFO gets 3 years prison for stealing from SPACs to trade meme stocks, cryptocurrencies
By Luc Cohen NEW YORK (Reuters) – A former chief financial officer of multiple special purpose acquisition companies (SPACs) was sentenced to three years in prison on Thursday for embezzling more than…
Analysis-Banking crisis scars struggling U.S. real estate stocks
By Lewis Krauskopf NEW YORK (Reuters) – U.S. real estate stocks are struggling this year after a rough 2022, as fears that banks will tighten lending standards pile pressure on a sector…
Hedge funds bought financial stocks amid banking turmoil, says S&P
By Carolina Mandl NEW YORK (Reuters) – Hedge funds increased their exposure to stocks in the financial sector amid the banking turmoil in March, as they saw a buying opportunity at lower…
US Gets 500,000 Artillery Shells On Loan From South Korea Due To Fill Plummeting Stocks
US Gets 500,000 Artillery Shells On Loan From South Korea Due To Fill Plummeting Stocks Micaela Burrow on April 12, 2023 The U.S. reached an agreement last month to obtain 500,000 rounds…
Biden appeals ruling against ban on gun bump stocks
By Andrew Chung (Reuters) – President Joe Biden’s administration on Friday asked the U.S. Supreme Court to hear its appeal of a lower court ruling against a federal ban on “bump stock”…
US energy stocks join European peers’ rally after surprise oil output cut
(Reuters) – U.S. energy stocks hit an over one-month high on Monday, following a rally in European peers as crude prices rose more than 6% following a surprise announcement by Saudi Arabia…
U.S. diesel stocks bounce in sign of economic slowdown
By Laura Sanicola (Reuters) – A slowing manufacturing sector is starting to put a dent in U.S. diesel demand, traders and fuel experts said this week, helping rebuild stocks that were extremely…
Hedge funds flee banks, lending-related stocks
By Carolina Mandl NEW YORK (Reuters) – Global hedge funds cut their exposure to U.S. banking stocks to a near 10-year record low and fled lending-sensitive shares amid the banking turmoil that…
Indian stocks may outperform Asian peers in long term – Jefferies
BENGALURU (Reuters) – The Indian stock market may outperform its Asian and emerging market peers in the long term as lofty valuations ease and investors look to bet on the economy’s growth…
Tech stocks emerge as haven in sell-off fueled by bank worries
By Lewis Krauskopf NEW YORK (Reuters) – Investors are gravitating toward big technology stocks as banking crisis worries rock U.S. markets, hoping the shares are better positioned to withstand a possible economic…
UK budget winners and losers: the pound, gilts and stocks
By Lucy Raitano and Samuel Indyk LONDON (Reuters) – Finance minister Jeremy Hunt presented less gloomy forecasts for Britain’s economy at his Spring Budget on Wednesday. Upgraded official forecasts showed Britain, the…
Wall Street ‘fear gauge’ options volume jumps to 4-year high as bank stocks sell off
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Wall Street’s most closely watched index of market anxiety jumped on Friday and options volume on the index soared to a near 4 year…
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