Investing
By Helena Smolak Shares of Commerzbank fell, reversing gains in earlier trade, after the bank raised its full-year guidance for revenue and profit to levels that are broadly aligned with consensus views. At 1049 GMT shares traded 3.9% down at EUR10.01, having earlier risen as much as 6.7%. The German…
Key News Asian equities were mixed on a quiet night as Pakistan was closed for a holiday. It was fairly quiet overnight as Mainland China and Hong Kong bounced around the room to end mixed. October inflation data was deflationary, with CPI year-over-year (YoY) at -0.2% versus expectations of -0.1%…
Hello! This week’s ETF Wrap digs into where investors put their money in October, and how November is shaping up in markets after the Federal Reserve’s decision on interest rates. Please send feedback and tips to [email protected] or [email protected]. You can also follow me on X at @cidzelis and find me on LinkedIn.…
Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly!INVESTING NEWS & TRENDSCrypto king Sam Bankman-Fried convicted of plundering billions in collapse of FTX Bankman-Fried was found guilty by a federal jury after the collapse of his…
Vehicle business Auto Trader was the FTSE 100’s biggest gainer in Thursday following the release of strong first-half trading numbers. At 684.8p, the Auto Trader share price was 7.8% higher on the day. During the six months to September the company grew revenues 12% to £280.5 million, with sales at…
Disney shares were rising in late trading Wednesday after the entertainment giant posted quarterly earnings that edged ahead of Wall Street’s estimates. Results for the fiscal fourth quarter ended Sept. 30 included better-than-expected subscriber growth for its Disney+ streaming service. The stock was up as much as 4% after the report.…
The S&P 500 and Nasdaq Composite barely kept their winning streaks alive on Wednesday, but the Dow Jones Industrial Average snapped its own streak. These stocks made moves Wednesday: Warner Bros. Discovery (WBD) declined 19% and was the worst performer in the S&P 500. The entertainment company reported a wider-than-expected…
Uber Technologies has gone from a cash-burning machine to making a stable profit. Now analysts are looking for the ride-hailing company to carry out stock buybacks and push its international growth and membership plan. Uber (ticker: UBER) shares hit their highest level since mid-2021 after its third-quarter profit gave it…
The ayes have it. So far. About 25% of the votes have been counted and of those about 75% of Ford Motor employees represented by the United Auto Workers have said yes to a new labor contract. At this point, contract ratification looks like a fait accompli. The new deals…
Bitcoin and other cryptocurrencies were rising Wednesday, nearing recent highs amid a bevy of positive factors buoying digital assets. With Bitcoin supply at historically tight levels, gains have the potential to be supercharged. The price of Bitcoin has advanced 2% over the past 24 hours to near $35,400, closing in…