JPMorgan is making a bold entry into Germany’s crowded digital banking sector, hoping its global brand and technology investments can help it break through fierce competition and regulatory hurdles. The US banking giant aims to launch its Chase digital retail bank in Germany by the second quarter of 2026, a…
Putting aside a two-day sell off as July passed into August, the US stock market managed to hold up pretty well through the late summer doldrums. All the US majors posted gains for August, with the S&P 500 celebrating the unofficial end of summer by crossing above 6,500 for the…
Most major commodities were in the red on Thursday, with oil extending its 2% decline from the previous session.Gold and silver prices also fell after a sharp rally over the last few trading sessions.Among industrial metals, copper also extended its losses from Wednesday as the red metal struggled to break…
Salesforce Inc (NYSE: CRM) shares slipped nearly 4.0% in post-earnings trading even though the company came in slightly ahead of consensus estimates for both earnings and revenue in Q2.Investors bailed on CRM stock primarily because the management said margins were expected to remain flat this year. Its guidance for the…
A powerful wave of optimism is sweeping through global markets, with Asian equities climbing in lockstep with Wall Street as weak US labor data cements expectations for an imminent Federal Reserve interest rate cut. But this bullish tide has met a formidable wall of resistance in China, where a stunning…
A day of significant market-moving events is underway, as China retaliates with new tariffs on a key US technology, the American dollar weakens on growing expectations of a Federal Reserve rate cut, and a new cryptocurrency firm with direct ties to the White House makes a spectacular debut on the…
Shares of Japanese motor maker Nidec Corp. tumbled steeply on Thursday after the company disclosed possible accounting misconduct at one of its Chinese subsidiaries, sparking concerns over governance and financial transparency.The stock fell as much as 22% in early trading before narrowing losses to close down 19% at 2,531 yen…
A tense and divided morning is unfolding across European markets, with stocks opening to a mixed and hesitant picture as investors grapple with a legal bombshell that has thrown the future of global trade into profound uncertainty. The market is caught in a state of suspended animation, waiting for a…
South Africa’s sugar farmers face a “double whammy” from cheap imports and US tariffs, which have been eating into their earnings. Nkosinathi Msweli’s sugarcane farm in KwaDukuza, a predominantly rural and impoverished region on South Africa’s eastern coast, has for three decades represented a consistent, albeit modest, economic achievement, providing employment…
Shares of American Eagle Outfitters jumped nearly 24% in premarket trading on Thursday after splashy celebrity campaigns featuring actor Sydney Sweeney and National Football League star Travis Kelce boosted demand for the apparel retailer’s jeans and fall collections.The surge marked one of the strongest single-session rallies in the company’s history,…