Marketing
- Asian Currencies Mixed; May Weaken Amid Risk-Off Sentiment October 16, 2024Asian currencies were mixed against the dollar in the morning session but may weaken amid risk-off sentiment spurred by Wall Street’s losses overnight.
- JGBs Rise, Tracking Gains in Most U.S. Treasurys October 16, 2024JGBs rose in the morning Tokyo session, tracking overnight price gains across most U.S. Treasurys.
- Oil Rises in Likely Technical Recovery October 16, 2024Oil rose in the early Asian session in a likely technical recovery after oil futures dropped by more than 4% overnight.
- Gold Steady Ahead of Major U.S. Economic Data, Fed Official's Speech October 16, 2024Gold was steady in early Asian trade ahead of major U.S. economic data due this week such as September retail sales on Thursday and a speech from Fed Gov. Waller on Friday.
- The WSJ Dollar Index Rises 0.1% to 97.93 October 15, 2024The WSJ Dollar Index was up 0.1% to 97.93 — higher for three consecutive trading days.
- Slump in Chip Stocks Weighs on Indexes October 15, 2024A selloff in chip stocks dragged major indexes lower after Dutch chip-equipment manufacturer ASML noted growing caution among its customers and said sales this year could come at the lower end of previous forecasts.
- U.S. Natural Gas Futures Strive to Hold $2.50 October 15, 2024U.S. natural gas futures gave back intraday gains and ended the session near flat amid signals of falling demand.
- Gold Rises as Equity Markets Slip October 15, 2024Prices advanced 0.5% after investors moved into gold as equities fell, with traders opting to stash money in precious metals.
- IEA Trims Oil-Demand Forecast for Third Consecutive Month October 15, 2024The International Energy Agency trimmed its forecast for this year’s oil-demand growth for the third month in a row, as a rapid slowdown in Chinese consumption weighs on the global outlook.
- Three Big Takeaways From Bank Earnings October 15, 2024What JPMorgan, Bank of America, Citi and Wells Fargo told us about consumers’ finances.
- Wall Street Posts a Strong Quarter, Powering Goldman Sachs Profit October 15, 2024The bank reported growth in investment banking and asset and wealth management. Bank of America and Citigroup also showed robust dealmaking gains.
- UnitedHealth Delivered a Beat—Here's Why the Stock Plunged Anyway October 15, 2024Medical costs continue to surge more than expected for health insurers.
- Activist Palliser Pushes for Change at AI Chip Investor SK Square October 15, 2024The hedge fund has built a more than 1% stake in the South Korean company, which is the largest shareholder in chip maker SK Hynix.
- He Was a Monk, Then a Billionaire and Now an Alleged Tax Cheat October 15, 2024Michigan philanthropist Manoj Bhargava made a fortune on his path to enlightenment, and he doesn’t want to share it with the U.S. government.
- Investors Spend a Lot of Time Thinking About Risk. But They Do It All Wrong. October 15, 2024By focusing entirely on investment-risk tolerance, people miss a much bigger picture.
- Don't Chase China's FOMO Rally October 15, 2024Chinese stocks have gone from ice-cold to red-hot in a matter of weeks, but it might be driven by momentum rather than enough stimulus to solve China’s economic woes.
- Oil Plunges on Easing Iranian Supply-Disruption Fears, Weaker Demand Outlook October 15, 2024Oil prices fell 4% in early European trade following a report suggesting Israel was planning a more limited counter-strike against Iran than some had anticipated.
- German Bund Yield Trades in Tight Range, Prone to Weakness October 15, 2024The tight trading ranges in recent days shouldn’t mask German Bunds’ specific weakness beneath the surface, Commerzbank Research said.
- The WSJ Dollar Index Rises 0.3% to 97.87 October 14, 2024The WSJ Dollar Index was up 0.3% to 97.87 — higher for two consecutive trading days.
- Nasdaq Leads Gains; Dow Closes Above 43000 October 14, 2024The S&P 500 and Nasdaq added 0.8% and 0.9%, respectively. The Dow Jones Industrial Average rose 0.5%. Oil prices fell after China failed to provide details on a stimulus plan.
Business
- Boeing to raise as much as $25 billion to shore up balance sheet October 16, 2024The equity or debt raise of up to $25 billion would be over three years Boeing said.
- Tom Brady and partner Tom Wagner to pay over $200 million for stake in Las Vegas Raiders October 16, 2024Tom Brady, the seven-time Super Bowl champion, will own 10% of the Las Vegas Raiders along with his business partner.
- United Airlines plans $1.5 billion share buyback, forecasts fourth-quarter earnings above estimates October 15, 2024United Airlines said it authorized a $1.5 billion share buyback, its first share repurchase since before the Covid-19 pandemic.
- Bank of America tops estimates on better-than-expected trading revenue October 15, 2024Bank of America benefited from its Wall Street trading and banking divisions in the third quarter, just as rival JPMorgan Chase did.
- Walgreens says it will close 1,200 stores by 2027, as earnings top estimates October 15, 2024The drugstore chain Walgreens said it plans to close roughly 1,200 stores over the next three years, which includes 500 closures in fiscal 2025 alone.
- American consumers are increasingly underwater on their car loans October 15, 2024Edmunds.com reported that the average amount owed on upside-down loans climbed to an all-time high of $6,458 during the third quarter.
- Goldman Sachs beats on profit and revenue as stock trading and investment banking boost results October 15, 2024Wall Street trading and investment banking has helped the big banks this quarter, and Goldman Sachs results showed why they are a leader in those areas.
- Inside a high-tech parking garage where robots valet park your car October 15, 2024Better-utilized space for parking could mean a developer needs fewer floors devoted to vehicles — freeing up square footage for residences.
- Boeing factory strike crosses 1-month mark as pressure mounts on new CEO October 14, 2024Boeing's CEO Ortberg will answer to investors in his first Oct. 23 earnings presentation as the aerospace giant faces swirling crises.
- Boeing to cut 17,000 jobs as losses deepen during factory strike October 14, 2024Boeing said it will lay off about 10% of its workforce as its losses deepen from an ongoing factory strike.
- Delta pauses hot meal service on dozens of Detroit flights citing 'food safety issue' at caterer October 14, 2024Delta said its caterer "immediately shut down hot food production" and then suspended operations from the Detroit facility.
- SpaceX’s Starship rocket completes fifth test flight, lands booster in dramatic catch October 13, 2024SpaceX launched its fifth test flight of its Starship rocket on Sunday, taking a major step forward in the vehicle's development.
- Trump or Harris? Here are the 2024 stakes for airlines, banks, EVs, health care and more October 13, 2024With the U.S. election less than a month away, the country and its corporate sectors are staring down two drastically different options.
- Jamie Dimon says geopolitical risks are surging: 'Conditions are treacherous and getting worse' October 11, 2024JPMorgan Chase CEO Jamie Dimon sees risks climbing around the world amid widening conflicts in the Middle East.
- WNBA to expand Finals to 7 games, add to regular season next year October 11, 2024The WNBA is changing its Finals series to seven games and adding four games to its regular season starting next year.
- JPMorgan Chase shares pop 5% after topping estimates on better-than-expected interest income October 11, 2024JPMorgan said profit fell 2% from a year earlier to $12.9 billion, while revenue climbed 6% to $43.32 billion.
- Jeff Shell is about to lead Paramount. He may have runway to make bold changes he couldn't at NBC October 11, 2024Clues about what may be in store for Paramount Global can be seen in how Jeff Shell ran NBCUniversal — including some ideas that never got off the ground.
- Wealthy millennials and Gen Z are redefining philanthropy October 10, 2024Wealthy donors under the age of 43 are more likely to volunteer, fundraise and act as mentors for charitable causes rather than just give money.
- The Fed is finally cutting rates, but banks aren't in the clear just yet October 10, 2024When the Federal Reserve cut its benchmark rate by half a percentage point last month, it boosted prospects for many banks.
- Delta says travelers are trading scorching summer Europe trips for fall getaways October 10, 2024Delta and other airlines have said many travelers have been booking Europe trips after the traditional summer peak.