US Treasuries rose on Thursday as investors pondered what could be next for the economy as debt ceiling negotiations continue and uncertainty over the interest rate outlook intensifies. As of 5:42 a.m. ET, the 10-year Treasury yield was up more than 4 basis points to 3.763%. The 2-year Treasury note was trading up 7 basis … Read more
There are 3 minutes Bank of Korea set to start cutting rates early next year, Deutsche Bank says The Bank of Korea is expected to start cutting its benchmark interest rate early next year, said Juliana Lee, head of APAC economic research at Deutsche Bank. Lee added that she expects the central bank’s policy fulcrum … Read more
There are 3 minutes Stocks make the biggest moves after hours Find out which businesses are making headlines after hours. Nvidia – Nvidia shares jumped 19% in extended trading. The chipmaker gave a stronger-than-expected revenue guidance for the fiscal second quarter, while also reporting beats on top and bottom results in its fiscal first quarter. … Read more
17 minutes ago Stocks make biggest moves after hours trading Find out which companies are making headlines in extended trading. Palo Alto Networks – Shares gained 3.5% after the company’s fiscal third-quarter earnings and revenue beat estimates. The cybersecurity company posted adjusted earnings of $1.10 per share and revenue of $1.72 billion. Analysts polled by … Read more
Construction workers build a Toll Brothers house in Boca Raton, Florida. Joe Raedle | Getty Images Find out which companies are making headlines in extended trading. Palo Alto Networks – Shares gained 3.5% after the company’s fiscal third-quarter earnings and revenue beat estimates. The cybersecurity company posted adjusted earnings of $1.10 per share and revenue … Read more
Yelp Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York City. Michael Nagle | Bloomberg | Getty Images Find out which companies are making headlines in the midday business. Yelp – Shares of the online review firm jumped more than 9% after activist investor … Read more
Cars are parked outside a Dick’s Sporting Goods store in Monroe Marketplace, Pennsylvania. Paul Tisserand | SOPA Pictures | Light flare | Getty Images Check out the companies making headlines before the bell: Yelp – Yelp shares jumped 11.4% in premarket trading. Activist investor TCS Capital Management has confirmed it has acquired a stake of … Read more
Saudi Energy Minister Abdulaziz bin Salman speaks during a panel discussion at the Qatar Economic Forum in Doha, Qatar, May 23, 2023. Bloomberg | Bloomberg | Getty Images Saudi Oil Minister Prince Abdulaziz bin Salman told market speculators on Tuesday to “be careful”, reiterating his warning that they could face pain ahead. “The speculators, like … Read more
People are reflected in an electronic rating board displaying the Nikkei Stock Average at 225 numbers (top) as they cross a street in Tokyo on May 17, 2023. (Photo by Kazuhiro NOGI / AFP) (Photo by KAZUHIRO NOGI/ AFP via Getty Images) Kazuhiro Nogi | AFP | Getty Images Asia-Pacific markets mostly slipped on Tuesday … Read more
An hour ago New Zealand’s central bank is expected to hike rates by 25 basis points to 5.5% New Zealand’s central bank is expected to raise its benchmark key rates to 5.5% at its meeting on Tuesday, according to a Reuters poll of 25 economists. 21 of the economists surveyed expected a rise, while the … Read more
