A man walks past an electronic board showing the rate of the Japanese yen versus the US dollar along a street in Tokyo on February 14, 2024. Kazuhiro Nogi | Afp | Getty Images A fresh market projection by the Bank of Japan on Friday hints at a possible intervention of around $22 billion into … Read more
An offshore oil rig platform is photographed in Huntington Beach, California, U.S. July 4, 2024. Etienne Laurent | Reuters U.S. crude oil rose 1 % on Friday, topping $83 per barrel as consumer prices eased and inventories fall. The recent oil rally has stalled out with West Texas Intermediate largely flat this week, ahead 0.38%, … Read more
CEO of Citi, Jane Fraser during the panel on Tech and finance – tailwinds and headwinds at the Global Hong Kong Global Financial Leaders Investment Summit on November 7, 2023 in Hong Kong, China. Vernon Yuen | Nurphoto | Getty Images Citigroup on Friday posted second-quarter results that topped expectations for profit and revenue on … Read more
Elon Musk, chief executive officer of SpaceX and Tesla and owner of X, speaks at the Milken Conference 2024 in Beverly Hills, California, May 6, 2024. David Swanson | Reuters Elon Musk’s X is in breach of EU online content rules as the social media platform uses “dark patterns” to deceive users, the European Commission … Read more
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market rotation: The S & P 500 was having a rough day — falling roughly 1%. The Nasdaq was even worse — sinking 2%. However, most … Read more
Ericsson announced it is planning to cut jobs as part of its cost-cutting measures. Nurphoto | Nurphoto | Getty Images Ericsson shares leapt 8% to their highest level in nearly two years on Friday, after the Swedish telecom giant’s revenue declined less than expected in the second quarter. Net sales fell 7% year-on-year to 59.8 … Read more
U.S. Treasury yields tumbled Thursday after the latest inflation data showed a dip last month, suggesting the Federal Reserve could start to lower interest rates this year. The yield on the 10-year Treasury fell 7.4 basis points at 4.205%. The 2-year Treasury yield pulled back 11.9 basis points to 4.511%. Yields and prices move in … Read more
Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., speaks during an Economic Club of New York (ECNY) event in New York, US, on Tuesday, April 23, 2024. Victor J. Blue | Bloomberg | Getty Images JPMorgan Chase is scheduled to report second-quarter earnings before the opening bell Friday. Here’s what Wall … Read more
Japanese 1,000 yen, 5,000 yen and 10,000 yen banknotes arranged in Kyoto, Japan. Kentaro Takahashi| Bloomberg | Getty Images Asia-Pacific markets were mixed on Friday after inflation readings for June in the U.S. came in at the lowest level in about three years, giving the Federal Reserve room to lower rates. The consumer price index rose … Read more
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 24, 2024. Brendan McDermid | Reuters Wall Street saw a dramatic shift in market trends on Thursday, with winning and losing stocks swapping places for a day. It may turn out to be just what the rally … Read more
