Stocks News

US fashion retailer Abercrombie & Fitch delivered a net loss of $14.8 million for its first fiscal quarter, causing a whopping share price drop of 29%. The company said that logistics and product costs were weighing down sales. The apparel ...

McDonald's opened its first restaurant in Moscow 30 years ago, but, after temporarily shutting down more than 800 restaurants following the invasion of Ukraine, the company has decided to exit Russia altogether. However, leaving the country will not come cheap. ...

US bond yields are at their highest level in years. With the US Fed aggressively raising interest rates in the face of surging inflation, cash is flowing back into bonds as investors seek insurance from a possible recession. This flight ...

Samsung reported strong results on Thursday, with profits for the first quarter climbing more than 50% compared to the same time a year ago. The South Korean tech giant’s solid earnings were powered by strong sales of its memory chips, ...

Twitter’s board has unanimously agreed to accept Elon Musk’s purchase offer of around $44 billion, the company said Monday. The deal is expected to close later this year. It has led employees to question the billionaire’s plans for the influential ...

Nestlé, the world's biggest food and drinks company, increased prices by more than 5% in the first quarter of 2022 as it passed on rising costs to consumers. North American shoppers were worst affected, facing an 8.5% rise in prices. ...

Nestlé, the world's biggest food and drinks company, increased prices by more than 5% in the first quarter of 2022 as it passed on rising costs to consumers. North American shoppers were worst affected, facing an 8.5% rise in prices. ...

Netflix lost 200,000 subscribers in the first quarter of 2022, sending its stock down as much as 25% in after-hours trading. The company's share price has fallen more than 40% year to date. The bad news did not end there. ...

Some of the biggest US banks saw reduced profits in the first quarter of 2022. Prominent names, like Citi, Goldman Sachs, Morgan Stanley, JPMorgan Chase and Wells Fargo, all announced significant year-on-year profit declines in earnings reports this week. Citi ...

Honda is joining the global race for electric vehicle (EV) dominance by announcing an investment of almost $40 billion to electrify its fleet of cars in the next decade. The Japanese automaker’s stock price was unchanged on the Tuesday announcement, ...

The Federal Reserve's interest rate hikes should boost lending profits for major financial firms in the US. Blue chip banks, like JPMorgan Chase, Wells Fargo and Citigroup, are expected to report first-quarter earnings this week. Investors are hoping financial stocks ...

Yields in the global bond market spiked on Tuesday as investors braced for the inflationary impacts of the war in Ukraine, with central banks expected to begin aggressive monetary tightening moves. The yield on 10-year Australian notes jumped eight basis ...

No matter when the conflict in the Ukraine comes to an end, analysts are convinced we have entered into a period of increased defense spending. The STOXX Europe Total Market Aerospace and Defense Index has risen 5% this year. Meanwhile, ...

No matter when the conflict in the Ukraine comes to an end, analysts are convinced we have entered into a period of increased defense spending. The STOXX Europe Total Market Aerospace and Defense Index has risen 5% this year. Meanwhile, ...

No matter when the conflict in the Ukraine comes to an end, analysts are convinced we have entered into a period of increased defense spending. The STOXX Europe Total Market Aerospace and Defense Index has risen 5% this year. Meanwhile, ...