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Bank Earnings Signal Tough Times Ahead
3 years ago
Stocks News
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 Joins Global Electric Vehicle Race
3 years ago
Stocks News
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, ...
Rising Interest Rates Complicating Financial Picture
3 years ago
Stocks News
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 ...
Global Bond Yields Increase on Inflation Fears
3 years ago
Stocks News
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 ...
Defense Stocks on the Rise Amid Russia Conflict
3 years ago
Stocks News
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, ...
Defense Stocks on the Rise Amid Russia Conflict
3 years ago
Stocks News
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, ...
Defense Stocks on the Rise Amid Russia Conflict
3 years ago
Stocks News
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, ...
Defense Stocks on the Rise Amid Russia Conflict
3 years ago
Stocks News
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, ...
Investors Jittery Despite Solid Earnings
3 years ago
Stocks News
Positive corporate earnings data is pouring into Wall Street, but it is not doing much to calm the nerves of investors who are fixated on increasing inflation, the Fed’s next move, and events in Ukraine. Earnings growth for S&P 500 ...
Asian Stocks Welcome US Tech Stock Rally
3 years ago
Stocks News
Major Asian shares held firm this week after a strong showing from tech stocks on Wall Street. All three main Wall Street indexes closed higher, with tech stocks, including Apple and Microsoft, showing gains. The MSCI Emerging Market Index, covering ...
Meta Networks Suffers Market Cap Rout
3 years ago
Stocks News
Facebook’s parent company, Meta Networks, suffered an unprecedented market cap rout in last week’s trading. After reporting disappointing quarterly results, the company lost an eye-watering $251 billion worth of value in a day’s trading. Within a week, the social media ...
Asian Markets End the Year Mixed
3 years ago
Stocks News
Asian stock markets showed mixed performance in trading from the last week of the year. With Omicron still looming over many countries, investors were listless. Although the Omicron variant is proving to be less deadly than previous strains, record numbers ...
US Stocks Rally as Omicron Fears Recede
3 years ago
Stocks News
Early data showing that the Omicron variant is not as serious as previous strains led to a rush of positive trading on Wall Street this Thursday. The S&P 500 was close to its record high from late November. Buoyed by ...
Omicron Puts the Skids on the Global Economy
3 years ago
Stocks News
Fears over the growing threat of the COVID-19 Omicron variant have started to creep into stock market performances around the world. After Monday’s trading, the Dow Jones fell by 1.2%, continuing a downward trend that saw it lose 1.5% last ...
Tech Stocks Suffer Big Sell-Off
3 years ago
Stocks News
Technology stocks in the US plummeted with news of tighter monetary policies coming into play soon. After the US Fed signaled the likelihood of three interest rate hikes next year, the Bank of England became the latest major central bank ...
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