US Bank Stocks Tumble Amid Growing Recession Fears
On Monday, U.S. bank stocks slumped as recession fears sent investors fleeing from a sector closely tied to the economic […]
US Bank Stocks Tumble Amid Growing Recession Fears Read More »
Kevin Putnam
Author's Articles
Google Loses Major Antitrust Battle: Court Rules It Holds Illegal Monopoly on Search
WASHINGTON – A U.S. judge ruled on Monday that Google violated antitrust law, spending billions of dollars to create an […]
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Wall Street ‘Fear Gauge’ Hits Highest Mark Since 2020 Amid Global Market Panic
NEW YORK – On Monday, Wall Street’s most-watched gauge of investor anxiety logged its largest-ever intraday jump and closed at […]
Wall Street ‘Fear Gauge’ Hits Highest Mark Since 2020 Amid Global Market Panic Read More »
US Yields Tumble as Traders Bet on Big Fed Rate Cuts Post Weak Job Data
On Monday, U.S. Treasury yields tumbled as traders moved to price in big rate cuts from the Federal Reserve after […]
US Yields Tumble as Traders Bet on Big Fed Rate Cuts Post Weak Job Data Read More »
British Auto Industry Body Slashes 2024 Sales Forecast, Citing Weak EV Demand
On Monday, Britain’s auto industry body cut its 2024 forecast for new car sales, saying weak private retail demand for […]
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Morning Bid: Investors See Red Across the Board
A look at the day ahead in European and global markets. It’s a sea of red in Asian share markets […]
Coinbase (NASDAQ: COIN) Sees Continued Crypto-Friendly US Policies, Regardless of Election Results
The next U.S. administration will be “constructive” on crypto regardless of which party wins, Coinbase (NASDAQ: COIN) CEO Brian Armstrong […]
Snap (NYSE: SNAP) Stock Plunges as Weak Forecast Raises Ad Competition Concerns
On Friday, shares of Snap (NYSE: SNAP) slumped 22% after a dour forecast from the Snapchat parent reinforced Wall Street’s […]
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US Factory Orders Decline More Than Expected in Latest June Report
WASHINGTON – New orders for U.S.-manufactured goods fell more than expected in June, but business spending on equipment was solid […]
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European Tech Stocks Plunge to Six-Month Low Amid Global Sell-Off
LONDON – On Friday, European technology stocks fell to their lowest level in over six months amid a broad global […]
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Wall Street ‘Fear Gauge’ Hits Highest Level in Three Months as Stocks Resume Slide
NEW YORK – On Thursday, Wall Street’s most watched gauge of investor anxiety jumped to a more than three-month high […]
Wall Street ‘Fear Gauge’ Hits Highest Level in Three Months as Stocks Resume Slide Read More »
Motorola Solutions (NYSE: MSI) Beat Q2 Earnings and Revenue Estimates, Raises Full-Year Guidance
On Thursday, Motorola Solutions (NYSE: MSI) raised its full-year revenue and profit forecast and beat quarterly results, as it sees […]
Analysis: China’s Recovery Woes Signal Tough Times Ahead for Global Corporations
Global burger chains to car manufacturers are increasingly feeling the pinch from a faltering recovery in the world’s No. 2 […]
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Reactions: Wall Street Dives as Early Rally Fizzles Out on Fears of Rapid Economic Slowdown
The S&P 500 fell more than 2% and the Nasdaq more than 3% at one point late on Thursday, reversing […]
US 30-Year Mortgage Rate Hits Lowest Level Since February, Freddie Mac Says
NEW YORK – The average rate on the popular U.S. 30-year mortgage rate fell to 6.73% this week, its lowest […]
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Global Manufacturing Slows in July Amid Weaker Demand, PMIs Show
WASHINGTON/LONDON – Manufacturers across the United States, Europe, and Asia turned in a weak performance last month as factories grappled […]
Global Manufacturing Slows in July Amid Weaker Demand, PMIs Show Read More »
Factbox: Shipping Firms Respond to Houthi Attacks in Red Sea
Attacks on vessels in the Red Sea by Iran-aligned Houthi militants have disrupted a shipping route vital to east-west trade, […]
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Kimco Realty (NYSE: KIM) Beats Q2 Revenue Estimates, Lifts Annual FFO Forecast
On Thursday, real estate investment trust Kimco Realty (NYSE: KIM) topped market expectations for second-quarter revenue and lifted forecast for […]
Kimco Realty (NYSE: KIM) Beats Q2 Revenue Estimates, Lifts Annual FFO Forecast Read More »
Ferrari (NYSE: RACE) Beats Q2 Estimates, Upgrades Full-Year Revenue and Earnings Guidance
MILAN – On Thursday, Ferrari (NYSE: RACE) raised its outlook for its full-year revenues and core earnings, as the luxury […]
S&P 500 and Nasdaq Jumps on Chip Stock Rally and Fed Rate Cut Hints
NEW YORK – The S&P 500 and Nasdaq scored their biggest daily percentage gains since February 22, and the Dow […]
S&P 500 and Nasdaq Jumps on Chip Stock Rally and Fed Rate Cut Hints Read More »
Russia Slaps Fines on Google and TikTok for Non-Compliance with Content Regulations
MOSCOW – On Wednesday, Russia fined Alphabet’s (NASDAQ: GOOG) Google and TikTok for failing to comply with an order from […]
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United Auto Workers Union Throws Support Behind Harris in Crucial Michigan Swing State
DETROIT/WASHINGTON – On Wednesday, the United Auto Workers union endorsed Vice President Kamala Harris for U.S. president, boosting Harris in […]
United Auto Workers Union Throws Support Behind Harris in Crucial Michigan Swing State Read More »
Federal Reserve Likely to Cut Rates Twice in 2024, Fitch Ratings Says
On Wednesday, Fitch Ratings expects the U.S. Federal Reserve to cut interest rates twice this year – in September and […]
Federal Reserve Likely to Cut Rates Twice in 2024, Fitch Ratings Says Read More »
HSBC (NYSE: HSBC) Appoints Jonathan Bingham as Interim Group CFO
On Wednesday, HSBC Holdings Plc (NYSE: HSBC) named Jonathan Bingham as its interim group chief financial officer, effective September 2. […]
HSBC (NYSE: HSBC) Appoints Jonathan Bingham as Interim Group CFO Read More »