AmEx profit beats estimate on robust customer spending – Yahoo Finance
(Reuters) – American Express on Friday reported third-quarter profit that beat Wall Street expectations. This benefited from disciplined expense management that cushioned the blow from lower commissions earned from merchants. The company's stock has risen about 53% since the beginning of the year, but was down 3.8% before the opening bell. While U.S. consumer strength […]
Dollar rides 'Trump trade' toward third weekly rise, markets brush off China GDP – Yahoo Finance
Written by Tom Westbrook SINGAPORE (REUTERS) – Buoyed by a dovish European Central Bank and strong U.S. indicators, especially boosting expectations of how quickly U.S. interest rates could fall if Donald Trump wins the presidential election. , the dollar on Friday was heading for its third straight weekly gain. Presidency. In Asia, market reaction to […]
Japan’s FX Chief Warns on Sudden Moves After Yen Hits 150 – Yahoo Finance
(Bloomberg) – Japan’s top currency official warned on Friday that he was watching the market closely after the yen fell to the 150 yen level against the dollar overnight, contributing to a slight rise in the yen. Most Read Articles on Bloomberg Atsushi Mimura, Vice Minister of Finance (in charge of international affairs), said, “Currently, […]
Nasdaq Set for Gains as TSMC Spurs Relief Rally: Markets Wrap – Yahoo Finance
(Bloomberg) — Taiwan Semiconductor Manufacturing Co.'s earnings spurred gains across major stock indexes, while a recovery in semiconductor stocks eased market tensions. Most Read Articles on Bloomberg Contracts in the tech-heavy Nasdaq 100 rose 0.9% on Thursday, led by gains in semiconductor stocks, after TSMC reported a better-than-expected 54% rise in quarterly profit. This reversed […]
Chinese Stocks Slide Into Correction as Stimulus Hopes Wane – Yahoo Finance
(Bloomberg) — Chinese stocks entered a correction after another highly anticipated policy briefing failed to have the growth-boosting effect investors had hoped for. Most Read Articles on Bloomberg The CSI300 index ended the day 1.1% lower, representing a decline of about 11% from its October 8 high. A Bloomberg Intelligence index of Chinese development stocks […]
Dollar hovers near 11-week high, eyes on China property briefing – Yahoo Finance
Written by Lei Wee SINGAPORE (Reuters) – The Australian dollar rose on Thursday after a better-than-expected jobs report for the sixth straight month, but the greenback received additional support from a possible victory for President Donald Trump in the next U.S. presidential election. The stock remained close to an 11-week high. The highlight of Asia […]
Stock Rotation Lifts Small Caps to Three-Year High: Markets Wrap – Yahoo Finance
(Bloomberg) — Stock traders continued to rotate the megacap stocks that have been driving the bull market to other parts of Wall Street. Most Read Articles on Bloomberg Cyclical stocks outperformed, with the Russell 2000 index of small and medium-sized companies hitting a three-year high. Most big tech stocks fell, but Nvidia rose 3.1%. The […]
Global Chip Stocks Shed $420 Billion as ASML Shock Halts Rebound – Yahoo Finance
(Bloomberg) — Investors in semiconductor stocks are facing a new test of courage after a lackluster outlook for major equipment supplier ASML Holding NV triggered a global sell-off in the sector. Most Read Articles on Bloomberg The combined market capitalization loss of an index of U.S.-traded semiconductor manufacturers and Asia's largest stocks amounted to more […]
Gold Industry Sees Bullion Surging 10% in a Year to Record High – Yahoo Finance
(Bloomberg) — Gold prices are expected to rise to record highs over the next 12 months, according to a survey of the bullion industry at its major annual meeting. Most Read Articles on Bloomberg Participants at the London Bullion Market Association event in Miami expect prices to rise to $2,917.40 an ounce by late October […]
Stock market today: Wall Street hangs near its records as bank stocks rise, oil tumbles – Yahoo Finance
NEW YORK (AP) – U.S. stocks hovered near record highs Tuesday after several major banks posted summer profits that beat analysts' expectations as oil prices fell again. The S&P 500 rose 0.1% in early trading, a day after setting an all-time high. Best ever This year is the 46th time. As of 9:35 a.m. ET, […]