Asian share markets pulled back on Thursday and the dollar held its overnight gains before the big test of a U.S. consumer inflation report, while market sentiment took a dive as the likely collapse of a major crypto exchange spooked investors.
Asian share markets were tense on Thursday and the dollar held on to its overnight gains before the big test of a U.S. consumer inflation report, while market sentiment took a dive as the likely collapse of a major crypto exchange spooked investors.
Apple Inc supplier and iPhone assembler Foxconn plans to update its fourth-quarter outlook on Thursday, having warned this week of the impact of COVID-19 restrictions at a major plant in China's Zhengzhou.
The NASDAQ 100 After Hours Indicator is up 6.55 to 10,804.1. The total After hours volume is currently 85,459,929 shares traded.The following are the most active stocks for the after hours session: Ford Motor Company (F) is -0.01 at $13.30, with 7,666,052 shares traded. F's curr
Apple Inc and Amazon.com Inc were accused in an antitrust lawsuit on Wednesday of conspiring to drive up iPhone and iPad prices by removing nearly all other resellers of new Apple products from Amazon's website.
Tesla Inc shares slid to their lowest level in nearly two years on Wednesday after Chief Executive Elon Musk sold $3.95 billion worth of shares in the electric-vehicle maker.
(RTTNews) - Tech giant Apple Inc. (AAPL) is reportedly planning to start production of its AR (augmented reality)-MR (mixed reality) headsets from March next year.
Billionaire investor Warren Buffett has turned a winner this year despite wild stock market gyrations. The world’s richest people including Elon Musk, Mark Zuckerberg and Jeff Bezos have seen their net worth nosediving in 2022 — except for Warren Buffett.
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the ProShares UltraPro QQQ, which added 41,650,000 units, or a 7.7% increase week over week. Among the largest underlying components of TQQQ, in morn
The Walt Disney Company DIS reported fourth-quarter fiscal 2022 adjusted earnings of 30 cents per share, missing the Zacks Consensus Estimate by 40% and declining 18.9% year over year.Revenues increased 8.7% year over year to $20.15 billion but lagged the consensus mark b
Like many tech stocks in 2022, Apple's (NASDAQ: AAPL) shares are down year to date with a loss of 22%. Rising inflation and interest rates have hurt consumer spending and other parts of the economy, leading to a stock market sell-off. The Nasdaq Composite index is down 32% so far
Technology stocks have suffered steep declines in 2022, as rising inflation has slowed consumer spending. However, Apple (NASDAQ: AAPL) has staved off the worst market declines, with its shares down 18% since January compared to the Nasdaq-100 Technology Sector index's plunge of
In late July, Solana (CRYPTO: SOL) launched a first-of-its-kind crypto retail experience in the middle of New York City. Then, in October, it followed that up with the launch of another Solana store in Miami.
Many companies have watched their share prices fall significantly as rises in inflation and interest rates have increasingly stunted consumer spending. As a result, the stock market has become a buyer's paradise for investors willing to hold for the long term.
If you're interested in broad exposure to the Large Cap Growth segment of the US equity market, look no further than the Invesco Dynamic Large Cap Growth ETF (PWB), a passively managed exchange traded fund launched on 03/03/2005.
Virtual reality (VR) has become one of the biggest buzz phrases in the tech world. According to Grand View Research, the VR market was valued at $21.83 billion in 2021, and it's expected to grow at a compound annual rate of 15% until at least 2030. As a result, some of the bigges
"Recession" is suddenly a hot topic in the corporate executive suite. Of the 409 companies on the S&P 500 that have reported earnings so far this quarter, the R-word was discussed 165 times, according to data from market data provider Sentieo, a four-fold increase from last y
China and Hong Kong stocks
closed lower on Wednesday, as producer prices' fall for the
first time since December 2020 underscored faltering domestic
demand amid COVID-19 curbs, with investors awaited U.S.
inflation data and midterm poll results.
** China's blue-chip CSI 300 Index ended down 0.93%,
while the Shanghai Composite Index slid 0.53%.
** Hong Kong's Hang Seng Index dropped 1.2% and the Hang
Seng China Enterprises Index declined 1.21%.
** Asian shares were mixed on Wednesday, with eyes on U.S.
midterm election results and a major inflation update due later
in the week. [nNRAme5rly]
** China's October producer price index (PPI) fell 1.3%
year-on-year from 0.9% gain a month earlier, official data
showed, compared with a forecast of a 1.5% contraction in a
Reuters poll. [nL1N325065]
** The consumer price index climbed 2.1% from a year earlier,
slower than the 2.4% forecast by analysts.
** South-bound trading via Shanghai-Hong Kong Stock Connect saw
HK$694 million ($88.41 million) of outflow after 24 days of
consecutive inflows.
** Millions of residents of China's southern manufacturing hub
of Guangzhou will be required to have COVID-19 tests on
Wednesday, authorities said, in an effort to control the city's
worst outbreak with infections topping 2,000 for two consecutive
days. [nL1N3250KY]
** The self-regulatory body of China's interbank market said it
will expand bond financing for private firms, including
developers, with support from the central bank.[nB9N31O054]
** "We believe the private sector will benefit from this bond
issuance program... However, the benefits are unlikely to be
sufficient to resolve the financial woes faced by private
enterprises, especially private developers," Nomura analysts
wrote in a note.
** Internet stocks and the photovoltaic solar power sector,
down 2% each, led declines among mainland A-shares.
** Goertek Inc tumbled 10%, hitting its daily
trading limit, as the China-based supplier for companies
including Apple said an unidentified overseas client
suspended order. [nL1N3250AC]
** In Hong Kong, the Hang Seng Mainland Properties Index rose 4.3%, while Hang Seng Tech dropped 1.9%,
dragging the broader market.
($1 = 7.8496 Hong Kong dollars)
(Reporting by Summer Zhen; Editing by Rashmi Aich)
((summer.zhen@thomsonreuters.com; 852-3462-7739;))
nL1N3250QO
Millions of residents of China's southern manufacturing hub of Guangzhou will be required to have COVID-19 tests on Wednesday, authorities said, in an effort to control the city's worst outbreak with infections topping 2,000 for two consecutive days.