For stock investors for much of this year, the trillion-dollar AI promise has masked a big threat in this era of Federal Reserve hawkishness: Real-world borrowing costs have jumped across Corporate America. Now Wall Street is fretting over the monetary danger in a week that Jerome Powell signaled his resolve once again to keep the … Read more
Washington: British chip designer Arm is targeting a valuation of more than $52 billion for its initial public offering (IPO) on the Nasdaq exchange on Thursday, according to a company press release. Arm, whose semiconductor design is integrated into the vast majority of smartphones worldwide, has priced its shares at $51, the firm announced Wednesday, … Read more
U.S. stocks mostly edged lower on Tuesday as worries lingered that the Federal Reserve will need to keep interest rates higher for longer and as banks shares eased. Financials, down 0.8%, were the biggest drag on the S&P 500. An S&P downgrade of multiple regional U.S. lenders weighed on bank shares, with the KBW regional … Read more
The Dow Jones Industrial Average led Wall Street higher on Monday and notched its longest winning streak in six years as investors bet on sectors beyond technology in a week filled with earnings reports and a Federal Reserve meeting. “What you’re seeing now is people broadening the breadth of the market,” said Randy Frederick, managing … Read more
Wall Street’s main indexes slipped on Friday as investors digested a mixed bag of earnings reports, while uncertainty around the outlook for U.S. interest rates and the economy kept them on edge. A survey showed U.S. business activity accelerated to an 11-month high in April, at odds with growing signs that the economy was in … Read more
The S&P 500 ended virtually unchanged on Wednesday while the Dow dipped as investors digested a mixed bag of corporate earnings, including upbeat reports from medical technology companies, countered by weakness in Netflix shares. The Dow was weighed down by declines in Walt Disney Co and UnitedHealth Group Inc shares following results from rivals in … Read more
Mumbai: Mumbai-based Prime Focus plans to unlock value for stockholders by a possible share swap structure with DNEG, its London-based subsidiary, and list it in Nasdaq, according to people close to the development. “Prime Focus is exploring ways for a possible conversion of existing shares of Prime Focus to DNEG and list its subsidiary on … Read more
Wall Street‘s main indexes opened lower on Monday on growing concerns that the Federal Reserve will continue to hike interest rates after Friday’s jobs data highlighted a still-strong labor market. The Dow Jones Industrial Average fell 60.04 points, or 0.18%, at the open to 33,425.25. The S&P 500 opened lower by 19.82 points, or 0.48%, … Read more
The S&P 500 dipped and the Nasdaq ended sharply lower on Wednesday after a growing wave of weak economic data deepened worries that the Federal Reserve’s rapid interest rate hikes might tip the U.S. economy into a recession. Nvidia Corp dropped 2.1% and was among the stocks weighing most on the S&P 500 after Alphabet … Read more
Wall Street fell on Tuesday as evidence of a cooling economy exacerbated worries that the Federal Reserve’s campaign to rein in decades-high inflation may cause a deep downturn. All three major stock indexes were lower at mid-day after data showed US job openings in February dropped to the lowest level in nearly two years, suggesting … Read more