Japan’s Nikkei closed lower on Monday, guided by Wall Street, as investors expect US interest rate hikes to continue for a longer period after a batch of strong economic data. The index fell by 0.59 percent, before recovering some of its losses, and closing down 0.11 percent at 27,423.96 points. …
Read More »Japan is in process of easing entry procedures for those coming from China
The TBS television channel reported that Japan intends to ease entry procedures into the country for those coming from China by canceling the requirement to undergo a Corona examination before boarding and upon arrival, as of March 1. The channel said, quoting several government sources, that Japan will cancel the …
Read More »Dow drops on fresh US inflation data
US stocks sharply dropped on Friday following the Federal Reserve’s favourite inflation gauge showing a stronger-than-expected increase in prices last month.The Dow Jones Industrial Average fell by 390 points, or 1.2%. The S&P 500 and Nasdaq Composite retreated 1.6% and 2.0%, respectively. The Dow fell as much as 510 points, …
Read More »Warner Bros Discovery falls as results trail estimates
Shares of Warner Bros Discovery are trading over 3% lower in pre-market Friday after the entertainment company reported worse-than-expected results for its fourth quarter. WBD posted a loss per share of $0.86 on revenue of $11.01 billion. Analysts were expecting a loss per share of $0.29 on sales of $11.23B. The parent …
Read More »The Nikkei index makes the biggest jump in a month thanks to chip stocks
Japan’s Nikkei average posted its biggest jump in a month on Friday, recovering from a one-month low hit in the previous session, as chip-related stocks rose and the Bank of Japan’s upcoming governor supported the current monetary easing policy. The index ended Friday up 1.29 percent to 27,453.48 points. The …
Read More »Nvidia guidance stokes hopes on bottom in chip demand after Q4 results beat
Nvidia said better times are ahead for its chipmaking business, sensing a huge opportunity for its high-performance chips amid a growing frenzy for the new generation of artificial intelligence tools. “AI is at an inflection point, setting up for broad adoption reaching into every industry,” chief executive Jensen Huang said …
Read More »US stocks close lower following FOMC minutes’ hawkishness
US stocks closed lower on Wednesday as traders and investors are busy digesting the summary of the Fed’s latest meeting minutes, looking for clues on the central bank’s next move against inflation. The Dow Jones Industrial Average dropped 84.50 points, or 0.26%, ending at 33,045.09. The S&P 500 fell 0.16% …
Read More »Stocks Pause Early Gains Ahead Of FOMC Minutes
Stock indices are mixed after giving up their earlier gains. The Nasdaq 100 (NDX), S&P 500 (SPX), and Dow Jones Industrial Average are roughly flat as of 11:47 a.m. EST, Wednesday.US Stock indices opened Wednesday’s trading with generally positive performance but close to the flatline in anticipation of the minutes …
Read More »Wall Street climbs as investors await the minutes of the Federal Reserve meeting
Wall Street’s major indices opened higher on Wednesday, a day after their worst performance this year, as investors await minutes from the Federal Reserve’s policy meeting in search of new clues to the path of interest rates. The Dow Jones industrial average advanced 39.74 points, or 0.12 percent, to 33,169.33 …
Read More »Higher car prices drive Stellantis to 2022 net profit beat
Stellantis NV announced a new share buyback program for 2023 after the automaker posted better-than-expected annual profit, thanks to price hikes that helped outweigh lower car shipments in Europe and elevated input costs. The automaker formed from a merger between Fiat Chrysler and Peugeot-owner PSA Group in 2021 reported a 26% year-on-year jump …
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