4 minutes ago
BlackRock stock rises after strong financial results
BlackRock shares rose 2% earlier after the asset management giant reported better-than-expected first-quarter results.
The company had adjusted earnings per share of $4.73 billion and profit of $9.81. Analysts polled by Refinitiv had expected earnings of $9.35 per share and revenue of $4.68 billion. The firm’s assets under management totaled $10.473 trillion, exceeding the $10.4 trillion expected by street accounts.
8 hours ago
Bank of Korea keeps interest rates at the highest level in 15 years
Bank of Korea quit banking Key policy interest rates remain unchanged It was 3.50% for the 10th consecutive time.
The central bank said in a statement that it is “still too early to be confident that inflation will converge to the target level,” given the “high degree of uncertainty associated with the outlook for consumer price inflation.”
South Korea’s consumer prices rose 3.1% year-on-year in March, but are still far from the 2% target.
“The Board will therefore maintain a restrictive monetary policy stance for a sufficient period until such confidence is established,” the central bank said.
—Li Yingshan
9 hours ago
Singapore leaves monetary policy unchanged, with inflation expected to fall in the fourth quarter
Singapore’s financial authorities are adhered to the policythe policy band width and level remain unchanged.
Unlike other economies, Singapore uses exchange rate settings rather than benchmark rates when determining monetary policy, changing policy bands to adjust for the strength of the Singapore dollar against a basket of undisclosed currencies. doing.
The monetary authority also said it expects inflation in the city-state to remain high in the coming quarters, before “declining more markedly” from the fourth quarter of 2024 to 2025.
— Lim Huijie
11 hours ago
Location of the main mean
Here are the key averages for the week before Friday’s trading:
- S&P500 fell 0.10%
- Nasdaq Composite rose 1.19%
- The Dow Jones Industrial Average fell 1.14%.
- Russell 2000 fell 1.01%
— Lisa Kailai Han
11 hours ago
Globelife stock rebounds after Thursday’s steep decline
Globelife stock rebounded 11% during extended trading Thursday. The stock sold off heavily during Thursday’s trading, ending the day down 53%. Report from short seller Fuzzy Panda Research Alleges multiple insurance frauds.
“We uncovered widespread allegations of insurance fraud that were obvious and reported hundreds of times, but were ignored by management,” the research firm wrote. He also pointed out that the structure of the organization was a multi-level marketing strategy similar to a pyramid scheme.
In the same report, Fuzzy Panda Research also revealed that it had taken a short position in life insurance stocks.
— Lisa Kailai Han
12 hours ago
Stock futures remain unchanged
Stock futures traded almost flat Thursday night.
Futures prices tracking all three major indexes were trading unchanged as of 6 p.m. ET.
— Lisa Kailai Han
