A powerful wave of optimism swept across Asia-Pacific markets on Wednesday, as investors cheered US inflation data that solidified expectations for a Federal Reserve interest rate cut next month. Japan’s Nikkei 225 continued its stunning ascent, shattering records for a second consecutive day, while strong corporate earnings in China added…
A powerful wave of optimism continued to wash over global markets on Wednesday, propelling European equities higher as investors extended a record-setting rally built on fervent hopes of a major US interest rate cut. The positive sentiment was palpable across the continent, though a closer look at London’s market revealed…
The LSEG share price has crashed this year, and a recent death cross point to more downside. London Stock Exchange stock fell to a low of 9,338p on Wednesday, down by over 22% from its highest point this year, and is hovering near its lowest point since August 2024.Why the…
Shares of Cava Group Inc. tumbled by more than 22% in pre-market trading on Wednesday, extending steep after-hours losses from Tuesday, after the Mediterranean fast-casual chain lowered its full-year same-store sales forecast. The move comes as the company faces challenging comparisons with last year’s performance and navigates what its chief…
American stocks are thriving, with top indices like the S&P 500 and the Nasdaq 100 reaching record highs. The surge was boosted by the July inflation report, which showed that prices rose modestly. Some of the top stocks to watch today are Bullish (BLSH), Cisco (CSCO), Applied Materials (AMAT), and…
South Africa’s automotive industry is under strain as a combination of import dominance, low local content levels, and new US tariffs weighs on production and jobs. Trade Minister Parks Tau revealed on Wednesday that 12 companies have closed and more than 4,000 jobs have been lost in just two years,…
Hanesbrands Inc. shares surged more than 37% on Tuesday after a Financial Times report said that Canada’s Gildan Activewear is close to acquiring the US underwear maker in a deal valued at nearly $5 billion, including debt.The Financial Times, citing people familiar with the matter, said the companies are in…
Brazil’s inflation in July was below market expectations, data published Tuesday by the statistics agency IBGE showed, mainly reflecting the benefits of falling food prices for consumers.The rise in consumer prices was 0.26% in July, up from 0.24% in June but below economists’ forecast of a 0.37% increase.That moderation was…
President Donald Trump has said he’s considering letting a major lawsuit move forward against Federal Reserve Chair Jerome Powell over the skyrocketing renovation costs of the Fed’s headquarters. Trump slammed Powell for what he called a “horrible, and grossly incompetent” job overseeing the construction, claiming the expenses have ballooned to…
Celanese shares plunged on Tuesday after the chemicals manufacturer issued a weaker-than-expected forecast for the third quarter, warning of softening demand across most of its end markets. The cautionary guidance overshadowed a second-quarter performance that topped Wall Street estimates.The stock dropped as much as 20% to $37.81 in early trading…