Australia stocks higher at close of trade; S&P/ASX 200 up 1.08%
Investing.com – Australia stocks were higher after the close on Monday, as gains in the Healthcare, Telecoms Services and IT sectors led shares higher.
Tag: Investing.com
China sovereign fund injected $41bn into ETFs in Q1 to prop up the stock market
In the first quarter, China\’s sovereign fund, Central Huijin Investment, made significant purchases of blue-chip stocks to support the country\’s faltering stock market, buying over 300 billion yuan ($41.42 billion) worth of exchange-traded funds (ETFs).
Tesla expands price cuts to China, Germany after reducing FSD cost; shares down
Tesla (NASDAQ:TSLA) has announced fresh price cuts in several key markets, including China and Germany, days after similar reductions in the United States, as the company continues to struggle amid declining sales and increasing competition in the electric vehicle (EV) market.
S&P 500 to see 4700 if yields stay high, warns Morgan Stanley
April hasn’t been very welcoming for US stocks so far as higher rates continue to pressure valuations and heavy fiscal spending complicates efforts to tame inflation. As a result, the S&P 500 fell more than 5% this month, retreating below the 5,000 mark for the first time since February.
US stocks mixed; investors digest Middle East tensions, Netflix report
Investing.com– U.S. stocks traded in a mixed fashion Friday, with investors digesting a fluid situation in the Middle East, while disappointing guidance from streaming giant Netflix (NASDAQ:NFLX) weighed on the tech sector.
Trump Media & Technology Group sends letter to Nasdaq regarding 'naked' short selling
Trump Media & Technology Group (DJT) sent a letter to Nasdaq\’s CEO on Thursday warning of \”potential market manipulation\” of the company\’s stock via the \”naked\” short selling of shares.
Shopify stock rating raised at Morgan Stanley
On Friday, Morgan Stanley raised its rating on Shopify (NYSE:SHOP) shares to Overweight from Equal-Weight, accompanied by an increase in the price target to $85 from $74. The firm\’s confidence in Shopify\’s growth durability is bolstered by the company\’s success in capturing more upmarket share and a disciplined approach to headcount management.
Sony/Apollo bid for Paramount could be worth as much as $29 billion – Source
Investing.com — The blockbuster sale of legendary Paramount Global (NASDAQ:PARA) to David Ellison\’s Skydance Media may be at significant risk of falling short as Sony (NYSE:SONY) and Apollo Global Management (NYSE:APO) prepare to make \”a significantly better offer that will benefit all shareholders of the company,\” an insider told Investing.com exclusively this morning.
SMCI stock just dropped 13%. This could be the reason why
Super Micro Computer, Inc. (NASDAQ:SMCI) stock has experienced a notable pullback today, declining by more than 13% from Thursday’s close. This downturn comes amidst broader movements in the semiconductor sector, influenced by recent reports and guidance from key industry players.
Denmark stocks higher at close of trade; OMX Copenhagen 20 up 0.47%
Investing.com – Denmark stocks were higher after the close on Friday, as gains in the Consumer Goods, Personal & Household Goods and Healthcare sectors led shares higher.
Regions Financial posts lower first quarter earnings
BIRMINGHAM – Regions Financial Corp. (NYSE:RF) today reported lower earnings for the first quarter ended March 31, 2024, with net income available to common shareholders at $343 million and earnings per diluted share of $0.37.
Earnings call: Liberty Energy reports robust Q1 results, plans for growth
Liberty Energy (ticker: LBRT) has reported strong financial performance in the first quarter of 2024, with revenue reaching $1.1 billion and adjusted EBITDA standing at $245 million.