By Alden Bentley, Naomi Rovnick and Ankur Banerjee NEW YORK/LONDON/SINGAPORE (Reuters) – U.S. stocks wrapped up Christmas week on Friday with retracements of double-digit uptrends, and, alongside the dollar to a smaller degree, succumbed to profit taking in illiquid markets heading into the last weekend of 2024. Even with its slight loss on Friday, the … Read more
(Bloomberg) — A less-than-perfect debut for the new season of Netflix Inc.’s blockbuster series Squid Game sent shares of related South Korean companies sharply lower Friday. Most Read from Bloomberg Artist United Inc., a movie distributor and marketing firm in which Squid Game’s main actor Lee Jung-jae is the largest shareholder, tanked by the daily … Read more
2025 Toyota Corolla HybridToyota US-listed shares of Toyota surged 9% Thursday to trade at an intraday high of $197.44. The rise came after Nikkei reported the company aims to double its ROE target to 20%, citing an unnamed executive. The stock has cratered since reaching an all-time high in March amid slowing demand growth and … Read more
NEW YORK (AP) — Stocks fell broadly on Friday as Wall Street closed out a holiday-shortened week on a down note. The losses were made worse by sharp declines for the Big Tech stocks known as the “Magnificent 7”, which can heavily influence the direction of the market because of their large size. The S&P … Read more
Getty Images; Jenny Chang-Rodriguez/BI Indexes closed mixed on Thursday in their first trading day after Christmas. The mixed results come on the second day of a Santa Claus rally, the last five trading days of the year and first two in January. Meanwhile, new jobs data shows continuing claims have surged to a three-year high. … Read more
Building up a strong portfolio requires a sharp eye for bargains. Investors have to know how to find the right stocks, at the right price – i.e. shares that are priced relatively low, but have sound prospects for sustained growth. In other words, to learn how to shop effectively at the discount racks of the … Read more
The S&P 500 Index SPX is attempting to erase the swift decline that occurred after the U.S. Federal Reserve’s December meeting. SPX has rallied, VIX VIX has fallen, and there’s been general improvement in the U.S. stock market’s internal indicators. Moreover, this is the beginning of another seasonally bullish period — the so-called Santa Claus … Read more
Contract electronics manufacturing major Hon Hai Technology Group (Foxconn) has collaborated with semiconductor company Porotech to enter the augmented reality (AR) glasses market. By integrating Porotech’s gallium nitride (GaN) technology with Foxconn’s vertically integrated services, the partnership aims to advance the production of micro-display chips and AR glasses. AR glasses are wearable devices that enhance … Read more
(Bloomberg) — A record year for travel in the US is pushing airline stocks to a soaring annual outperformance, and the prospect of sustained earnings power points to a bullish outlook for 2025. Most Read from Bloomberg The S&P Supercomposite Airlines Index has jumped 60% in 2024, compared with a 27% gain for the S&P … Read more
The Federal Reserve cut the federal funds rate three times in 2024 for a total reduction of one percentage point. As a result, deposit interest rates — including money market account rates — have been falling. It’s more important than ever to compare MMA rates and ensure you earn as much as possible on your … Read more