Stock prices steady as traders await Powell; Yen rally: Market overview
(Bloomberg) — Stock markets posted small moves after last week’s risk-on rally as traders awaited signs on the size of potential interest rate cuts by the U.S. Federal Reserve. The yen recovered against the dollar. Most read by Bloomberg The…
Singapore’s stock rally likely to continue as dividend yields rise
The Merlion statue in Singapore on Tuesday, May 14, 2024. (Photo: Lauryn Ishak/Bloomberg) (Bloomberg) By: John Cheng (Bloomberg) — Singapore stocks’ biggest rise in years could continue as potential interest rate cuts in the U.S. increase the attractiveness of the…
Newcastle United’s value rises to one billion pounds after Staveley sale
By David Hellier (Bloomberg) — Newcastle United is now valued at over 1 billion pounds ($1.3 billion) after its Saudi owners increased their stake by buying out former owner Amanda Staveley’s share, people familiar with the situation say. The Saudi…
‘Exorbitant’ housing costs weigh on Democrats and fuel Harris’ $25,000 tax credit bill
(Bloomberg) — Kamala Harris’s promise to take action to lower housing costs addresses a burden that is dampening enthusiasm for the presidential campaign among core Democrats, such as young voters, members of racial minorities and low-income voters. Most read by…
Asia’s utility stocks have never done so well in the last two decades
(Bloomberg) — Utilities stocks have unexpectedly emerged as investors’ darlings in Asia, with bets growing that their stellar run will continue this year. Most read by Bloomberg The sector’s recovery after two years of losses is being driven by supportive…
Stocks see best week of 2024 as buyers return: Markets Wrap
(Bloomberg) — A flood of data showing the resilience of the U.S. economy gave stock markets their best week this year, with dip buyers jumping in after a recent slump. Most read by Bloomberg Stocks rose on Friday, with the…
The decline of big tech companies becomes a reward for buyers after price declines, while stock prices rise again
(Bloomberg) — It looked like a reckoning was coming on Aug. 5 when the Nasdaq 100 plunged more than 5% in the seconds after trading began, confirming fears that a technology bubble was about to burst. Most read by Bloomberg…
Rally in technology stocks gives emerging stocks their best week in four months
(Bloomberg) — Emerging market stocks rose as traders grew increasingly optimistic that the U.S. economy can avoid a recession while expecting the Federal Reserve to begin cutting interest rates next month, which should give riskier assets a boost. Most read…
Emergent leads Mpox-linked stock gains as investors await approval
(Bloomberg) — Emergent BioSolutions Inc. led a rise this week in shares of companies working on vaccines and antiviral products as investors await a decision from U.S. regulators on whether the company’s smallpox vaccine can be used against the fast-spreading…
SoftBank seeks winning stocks in India’s hotly contested IPO market
(Bloomberg) — India’s hot equity selling market is delivering gains for Japanese technology investor SoftBank Group Corp. after the company’s stock suffered from disappointing earnings and a reality check in the artificial intelligence space. Most read by Bloomberg Three SoftBank-backed…
