FIN

Stocks extend bear market bounce as inflation angst eases

Stocks extend bear market bounce as inflation angst eases

MILAN/TOKYO, June 27 (Reuters) – World shares extended their bounce on Monday, building on Friday’s strong Wall Street close as off-peak oil prices helped sentiment improve and temper fears of prolonged inflation. Strong morning gains in Europe and a rally across Asian markets after China further eased COVID-19 restrictions drove the MSCI’s benchmark for global …

Stocks extend bear market bounce as inflation angst eases Read More »

Crypto industry fears contagion as bitcoin slips under $20,000

Crypto industry fears contagion as bitcoin slips under $20,000

Representations of the Ripple, Bitcoin, Ethereum and Litecoin virtual currencies are seen on a PC motherboard in this illustration picture, February 14, 2018. REUTERS/Dado Ruvic/File Photo Register now for FREE unlimited access to Reuters.com Register LONDON/HONG KONG, June 20 (Reuters) – The cryptocurrency industry was on edge on Monday as bitcoin struggled to stay above …

Crypto industry fears contagion as bitcoin slips under $20,000 Read More »

Week of rate hikes has stocks on course for steepest slide since 2020

Week of rate hikes has stocks on course for steepest slide since 2020

Everyone except the BOJ is hiking Stocks sink as economy risks grow Yen slips as BOJ leaves policy unchanged SINGAPORE, June 17 (Reuters) – World stocks headed for their worst week since markets’ pandemic meltdown in March 2020, as interest rate hikes in the United States and Britain and a surprise one in Switzerland set …

Week of rate hikes has stocks on course for steepest slide since 2020 Read More »

Tasty name but no Big Mac: Russia opens rebranded McDonald's restaurants

Tasty name but no Big Mac: Russia opens rebranded McDonald’s restaurants

June 12 (Reuters) – It might look and smell like McDonald’s but now it’s Vkusno & tochka. The golden arches are gone, the Filet-O-Fish is simply a fish burger. The Big Mac has left Russia. A new era for Russia’s fast-food and economic scene dawned on Sunday, as McDonald’s (MCD.N) restaurants flung open their doors …

Tasty name but no Big Mac: Russia opens rebranded McDonald’s restaurants Read More »

Tesla to seek investor approval for 3-for-1 stock split

Tesla to seek investor approval for 3-for-1 stock split

The logo of Tesla is seen in Taipei, Taiwan August 11, 2017. REUTERS/Tyrone Siu Register now for FREE unlimited access to Reuters.com Register June 10 (Reuters) – Electric vehicle maker Tesla Inc (TSLA.O) on Friday proposed a three-to-one stock split, making its shares more affordable following recent sell-offs of the most valuable automaker. The company …

Tesla to seek investor approval for 3-for-1 stock split Read More »

US agency upgrades Tesla Autopilot safety probe, step before possible recall

US agency upgrades Tesla Autopilot safety probe, step before possible recall

WASHINGTON, June 9 (Reuters) – The National Highway Traffic Safety Administration (NHTSA) on Thursday said it was upgrading its probe into 830,000 Tesla (TSLA.O) vehicles with its advanced driver assistance system Autopilot, a required step before it could seek a recall. The auto safety agency in August opened a preliminary evaluation to assess the performance …

US agency upgrades Tesla Autopilot safety probe, step before possible recall Read More »

ECB signals rates lift-off, eyes bigger move in September

ECB signals rates lift-off, eyes bigger move in September

Promises 25 bps July rate hike Says will hike again in Sept and bigger move possible Inflation rising, broadening Lagarde press conference at 1230 GMT FRANKFURT/AMSTERDAM, June 9 (Reuters) – The European Central Bank ended a long-running stimulus scheme on Thursday and said it would deliver next month its first interest rate hike since 2011, …

ECB signals rates lift-off, eyes bigger move in September Read More »

Credit Suisse shares spike on reported State Street takeover interest

Credit Suisse shares spike on reported State Street takeover interest

MILAN, June 8 (Reuters) – Shares in Credit Suisse (CSGN.S) turned sharply higher on Wednesday afternoon, with traders citing an Inside Paradeplatz report that US-based State Street (STT.N) is planning a takeover bid for the troubled lender, though some in the industry doubt the claim. Credit Suisse shares ended up 3.8% in Zurich after jumping …

Credit Suisse shares spike on reported State Street takeover interest Read More »

Wall St jumps with tech, energy;  Target news weighs on retailers

Wall St jumps with tech, energy; Target news weighs on retailers

Target’s margin cut hits some retail stocks Kohl’s climbs on sale talks with Franchise Group Indexes: Dow up 0.8%, S&P 500 up 1%, Nasdaq up 0.9% NEW YORK, June 7 (Reuters) – US stocks rallied late on Tuesday to end higher for a second straight day as technology and energy shares gained, while Target Corp’s …

Wall St jumps with tech, energy; Target news weighs on retailers Read More »