27 minutes ago
AMC slides after announcing stock issuance
AMC stock price rose 1% in pre-market after the movie theater chain announced it would issue more than 23 million shares in exchange for $163.85 million in cash/PIK with an aggregate principal amount of 10%/12% due in 2026. It fell more than that. . ”
Stocks are plummeting this week as the meme craze returns to Wall Street. The stock is up more than 135% since the beginning of the week.
See chart…
BA5 day chart
1 hour ago
What to expect from CPI
The Consumer Price Index report is scheduled to be released at 8:30 a.m. ET, and investors will be combing through the numbers for clues about when the Federal Reserve will cut interest rates.
According to a survey of economists by Dow Jones, the CPI in April is expected to rise 0.4% from the previous month and 3.4% from a year ago. Core CPI, which excludes food and energy prices, is expected to grow by 0.3% month-on-month and 3.6% year-on-year.
One area of interest for investors is the housing sector, as pricing pressures in the sector continue.
“The slower the rate of inflation declines, the longer the Fed will be on its way to reaching its inflation target,” said Erica Groshen, a senior economist at Cornell University’s School of Industrial and Labor Relations. “We don’t see any major changes in the housing market that would make us think it’s going to behave differently. Demographics change slowly. No explanation found” in the past. “
— Fred Imbert, Jeff Cox
4 hours ago
European markets start higher
European markets opened higher on Wednesday following a record closing price for the Nasdaq, with the pan-European Stoxx 600 index up 0.3%.
According to IG data, the UK’s FTSE 100 index rose 0.5% to 8,470, Germany’s DAX rose 0.3% to 18,781, France’s CAC rose 0.3% to 8,249 and Italy’s FTSE MIB rose 0.5%. The total amount was 35,315.
european market
| ticker | company | price | change | %change |
|---|---|---|---|---|
| .FTSE | FTSE100 | 8,455.27 | +27.14 | +0.32% |
| .GDAXI | dachshund | 18,797.92 | +81.50 | +0.44% |
| .FCHI | CAC40 index | 8,214.91 | -10.89 | -0.13% |
| .FTMIB | FTSE MIB | 35,211.22 | +59.80 | +0.17% |
| .IBEX | IBEX 35 Idx | 11,291.00 | +51.70 | +0.46% |
8 hours ago
Rakuten stock falls 4% after 15 consecutive quarters of loss
Rakuten Group shares fell 4% on Wednesday after the Japanese technology conglomerate reported its 15th consecutive quarter of a net loss.
Summary of financial results The internet conglomerate announced Tuesday that it had an operating loss of 25.4 billion yen for the January-March period.
The company announced that operating loss in its mobile business shrank to 71.9 billion yen compared to the previous year due to cost reductions and an increase in the number of contracts.
Operating profit for the company’s financial division, which includes online banking, securities trading, credit cards, and insurance services, increased 47% year-on-year to 39.3 billion yen.
— Charmaine Jacob
9 hours ago
Sharp stock posts annual loss of $959 million, falls 9% to its lowest in about a month
Shares of Sharp Corp. fell as much as 9.4%, to their lowest point in almost a month, after the electronics and liquid crystal display maker posted an annual loss.
company Recorded 149.9 billion yen For the fiscal year ending March 2024, the company posted a loss of ($958.7 million). Last year, it reported an annual loss of 260.8 billion yen.
Sharp said the loss was primarily due to impairment charges related to its display devices division.
“Sales, operating income, and ordinary income were lower than previous forecasts due to lower-than-expected demand for small and medium-sized displays for smartphones, computers, and tablets, and the postponement of recognition of patent income to the next fiscal year. ” said the company. In a statement.
— Shreyashi Sanyal
10 hours ago
Australia releases annual budget, aims to reduce cost of living
The Australian government released its annual budget aimed at mitigation late Tuesday. Living expenses, build more housesespecially strengthening the health system.
“This budget strikes the right balance between containing inflationary pressures, reducing the cost of living, supporting sustainable economic growth and strengthening public finances,” said Australian Treasurer Jim Chalmers. said in a joint statement. Australian Prime Minister Anthony Albanese.
The government expects a second surplus in 2023-2024, “the first time in nearly 20 years that the government has achieved back-to-back surpluses,” Chalmers said.
— Shreyashi Sanyal
12 hours ago
Department of Justice says Boeing violated agreement protecting it from criminal charges over 737 Max crashes
Boeing Co. shares fell about 1% in after-hours trading after the Justice Department said the plane maker violated a 2021 agreement that protects the company from criminal charges related to past 737 Max crashes. .
The department said in its filing that the company violated the agreement by “failing to design, implement, and enforce a compliance and ethics program to prevent and detect violations of U.S. fraud laws throughout its operations.”
Boeing must respond to the allegations within 30 days and could face prosecution.
— Leslie Josephs, Samantha Subin
13 hours ago
Stock prices move significantly after the bell
Below are some of the stocks making the biggest moves after the bell.
- Boot Barn — Western Apparel and Footwear shares fell 7% after the company gave a lower outlook for full-year sales and earnings.
- Nextracker — Solar technology stock soared 9%. Nextracker posted his $737 million in revenue in the fiscal fourth quarter, beating LSEG’s expectations for his $682 million.
Click here for a complete list of stocks on the move.
— Samantha Subin
13 hours ago
