News
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South African Markets - Factors to watch on Jan 10
JOHANNESBURG, Jan 10 (Reuters) - The following scheduled economic event, equity and currency market moves may affect South African markets on Friday.ECONOMIC EVENTSSouth African inflation-linked bond auctionSOUTH AFRICAN MARKETSSouth Africa's rand was steady on Thursday as investors mulled over the ...Reuters
Fri, Jan 10
MORNING BID EUROPE-Looming payrolls keep bond bears hungry
A look at the day ahead in European and global markets from Stella QiuMost stocks in Asia are down on Friday, following the lead of Wall Street futures, ahead of the all-important payrolls report, which could push Treasury yields and the U.S. dollar even higher.Both Nasdaq futures NQc1 and S&P 500 f...Reuters
Fri, Jan 10
Cryptoverse: Next wave of US crypto ETFs already in the pipeline
Our regular analysis of cryptocurrenciesBy Suzanne McGee Jan 10 (Reuters) - What a difference a year makes.Rewind the clock to early January 2024, and the asset-management industry was anxiously watching to see if the much-anticipated debut of U.S. spot bitcoin exchange-traded funds could live up...Reuters
Fri, Jan 10
Apollo considering $9.5 bln investment in Seven & i buyout, Bloomberg says
TOKYO, Jan 10 (Reuters) - Apollo Global Management APO.N is considering investing as much as 1.5 trillion yen ($9.5 billion) in a management buyout of Japan's Seven & i Holdings 3382.T, Bloomberg News said on Friday, citing several people with knowledge of the matter.Under the plan, Seven & i's foun...Reuters
Fri, Jan 10
India's TCS jumps 4% in pre-open trade on signs of demand revival
Jan 10 (Reuters) - Shares of India's top software services exporter Tata Consultancy Services TCS.NS jumped 4% in pre-open trade on Friday, as investors cheered its assessment that there are early signs of a demand revival.TCS CEO K Krithivasan told reporters in a post-earnings press conference on T...Reuters
Fri, Jan 10
Japan's Nikkei slips, dragged down by tumble in Uniqlo owner
By Kevin Buckland TOKYO, Jan 10 (Reuters) - Japan's Nikkei share average sank for a third straight session on Friday, dragged down by a tumble for Uniqlo store chain operator following a disappointing earnings report.Investors were cautious ahead of a closely watched U.S. monthly payrolls report ...Reuters
Fri, Jan 10
GLOBAL MARKETS-Stocks fall, US yields near 8-month highs ahead of jobs data
U.S. stock futures fall after trading closed overnightNikkei down 0.8%, China opens lowerU.S. payrolls data critical to bond marketDollar towers near 2-yr peaks, up for 6th straight weekAdds Asia open, fresh quotes, China's central bank suspending bond purchaseBy Stella Qiu and Chibuike Oguh SYDN...Reuters
Fri, Jan 10
BUZZ-ASX-listed GQG Partners drops to 11-month low; Morgan Stanley trims PT
** Shares of Australia-listed GQG Partners GQG.AX extend losses to drop as much as 3.1% to A$1.88, their lowest levels since Feb 5, 2024** Morgan Stanley reduces the price target of the U.S.-based investment manager to A$3.26 from A$3.8** Brokerage also sees EPS to fall 14% in FY25 on the basis of l...Reuters
Fri, Jan 10
BUZZ-Australia's Insignia Financial rises on report Brookfield considering bid
** Shares of Insignia Financial IFL.AX rise as much as 2.5% to A$4.140, their highest since early-November 2021** Canadian asset manager Brookfield BAM.TO mulls bid for Insignia Financial - media report** Insignia Financial has already received offers from CC Capital Partners and Bain Capital; CC Ca...Reuters
Fri, Jan 10
Is Palantir Stock Worth the Hype?
Explore the exciting world of Palantir (NASDAQ: PLTR) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!*Stock prices used were the prices of Nov. 20, 2024. The video was publ...The Motley Fool
Fri, Jan 10
BUZZ-Australia's Radiopharm Theranostics jumps on securing premium placement from US co Lantheus
** Radiopharm Theranostics RAD.AX leaps as much as 50% to A$0.036; set for biggest ever intraday pct gain** Biopharma secures private placement agreement with Massachusetts-based Lantheus Holdings LNTH.O to raise $5 mln** Issue price of A$0.060 represents 150% premium to last close** Co earlier sign...Reuters
Thu, Jan 9
Why Shares of Costco Stock Zoomed Higher in 2024
Shares of Costco Wholesale (NASDAQ: COST) jumped 38.8% in 2024, according to data from S&P Global Market Intelligence. The famous membership-based retailer had another solid year opening new stores and growing its footprint in the e-commerce market. Now one of the largest companies in the world with...The Motley Fool
Thu, Jan 9
UPDATE 1-BlackRock seeks to push FDIC bank oversight deadline to March
Updates with more background, contextBy Suzanne McGee and Ross Kerber Jan 9 (Reuters) - BlackRock BLK.N has asked the U.S. Federal Deposit Insurance Corporation to extend its deadline to reach an agreement on how the agency would oversee the giant asset manager's investments in FDIC-regulated ban...Reuters
Thu, Jan 9
UPDATE 1-Department store operator Macy's to close certain stores across US
Adds details on store closures and stock performance from paragraph 2 onwards Jan 9 (Reuters) - Department store operator Macy's M.N said on Thursday it will close 66 store locations as part of a strategy it announced last year.The company said it will invest in 350 "go-forward" Macy’s locations ...Reuters
Thu, Jan 9
Concrete Pumping Holdings Inc reports results for the quarter ended October 31 - Earnings Summary
Concrete Pumping Holdings Inc BBCP.OQ reported quarterly adjusted earnings of 16 cents per share for the quarter ended October 31, identical to the same quarter last year. The mean expectation of four analysts for the quarter was for earnings of 15 cents per share. Wall Street expected results to...Reuters
Thu, Jan 9
Aritzia Inc reports results for the quarter ended November 30 - Earnings Summary
Aritzia Inc ATZ.TO reported quarterly adjusted earnings of 71 cents per share for the quarter ended November 30, higher than the same quarter last year, when the company reported EPS of 47 cents. The mean expectation of eight analysts for the quarter was for earnings of 62 cents per share. Wall S...Reuters
Thu, Jan 9
BlackRock seeks to push FDIC bank oversight deadline to March
By Suzanne McGee and Ross Kerber Jan 9 (Reuters) - BlackRock BLK.N has asked the U.S. Federal Deposit Insurance Corporation to extend its deadline to reach an agreement on how the agency would oversee the giant asset manager's investments in FDIC-regulated banking organizations from Friday until ...Reuters
Thu, Jan 9
American Express Stock Zoomed 58.4% Higher Last Year. Here's Why.
Shares of American Express (NYSE: AXP) stock shot up 58.4% in 2024, according to data from S&P Global Market Intelligence. The credit card and banking giant had close to everything working in its favor last year, as the company posted strong earnings growth and saw its price-to-earnings ratio (P/E) ...The Motley Fool
Thu, Jan 9
MORNING BID ASIA-Global yield fever cools, but EM conditions tighten
By Jamie McGeever Jan 10 (Reuters) - A look at the day ahead in Asian markets. Investors in Asia approach the end of a bumpy week hoping that the relative calm that descended on the dollar and a shortened U.S. bond market session on Thursday can extend into the local session on Friday.With t...Reuters
Thu, Jan 9
Why Quantum Computing Inc. Stock Soared a Whopping 1,713% in 2024
Shares of Quantum Computing Inc. (NASDAQ: QUBT) soared 1,713% last year, according to data from S&P Global Market Intelligence. As the name suggests, this is a quantum computing start-up that has benefited from the major run in this industry niche in the latter half of 2024. With the artificial inte...The Motley Fool
Thu, Jan 9
