Stocks
Investing.com — General Motors (NYSE:) Chief Executive Mary Barra used an investor day in Tennessee on Tuesday to reassure shareholders that its profit margins for its internal combustion engine (ICE) cars have not peaked and demand for electric vehicles is improving. Barra added that earnings before interest and taxes for next…
(Reuters) – Bonuses for Wall Street dealmakers could expand by 7.4% in 2024 as a rebound in dealmaking boosts fees pocketed by investment banks, according to a report published by New York State Comptroller Thomas DiNapoli on Wednesday.The anticipated surge would mark the first increase in two years as corporations…
Investing.com — Indian corporate earnings growth is expected to slow to its lowest level in three years, driven by weak top-line performance, as per estimates from Morgan Stanley analysts in a note dated Tuesday. Despite a persistent earnings upcycle that has seen double-digit growth for 16 consecutive quarters, the September…
JPMorgan Chase (JPM) CEO Jamie Dimon has been talking regularly to both presidential campaigns in the final stretch of the 2024 contest.The growing question is whether he will throw his support behind either candidate. The boss of the biggest US bank hinted Tuesday that such a move may be possible.”I…
By Tom Westbrook SINGAPORE (Reuters) -Chinese shares slumped and commodities were struggling to find a footing on Wednesday as investors tempered expectations for a robust Chinese economic recovery, while a downbeat outlook from New Zealand’s central bank sent the to a seven-week low. The and blue-chip CSI300 nursed losses of…
By Cynthia Kim and Yena ParkSEOUL (Reuters) – The surprise inclusion of South Korean sovereign bonds in the FTSE Russell’s benchmark bond index is expected to give the won currency a boost on Thursday and attract billions of dollars of inflows over the next few years.South Korea’s government has projected…
SHANGHAI/SINGAPORE (Reuters) -Chinese stocks tumbled on Wednesday alongside their Hong Kong peers, as investors booked profits after a blistering rally and as officials failed to inspire confidence in stimulus plans intended to revive the economy. Benchmark indexes in China declined more than 5% by midday in a sharp reversal from…
TAIPEI (Reuters) -TSMC, the world’s largest contract chipmaker, reported on Wednesday third-quarter revenue that easily beat both the market and company’s own forecasts as it reaped the benefit from artificial intelligence (AI) demand.Taiwan Semiconductor Manufacturing Co, whose customers include Apple and Nvidia, has been at the forefront of the march…
(Bloomberg) — Leveraged equity positions in China surged at the fastest pace in more than a decade as traders boosted risky wagers upon their return from the Golden Week holiday.Most Read from BloombergThe outstanding amount of margin debt in Shanghai and Shenzhen exchanges rose to 1.54 trillion yuan ($218 billion)…
SHANGHAI (Reuters) -Mainland China stocks plunged on Wednesday and were poised to snap a 10-day winning streak after officials failed to inspire confidence in stimulus plans intended to revive the economy.Wednesday’s moves were a reversal from those seen the day before, after mainland Chinese stocks returned from a week-long holiday…
