Day: September 29, 2022
Stocks opened lower on Thursday, giving back a chunk of the previous session’s bounce, as Treasurys saw a resumed selloff that pushed yields back up. Stocks rose sharply Wednesday, ending a six-day losing streak that had sent the Dow Jones Industrial Average and S&P 500 to their lowest closes since November 2020. The bounce came […]
President Joe Biden and Republican Gov. Ron DeSantis of Florida spoke on Thursday morning about “steps the Biden-Harris Administration is taking to support Florida in response to Hurricane Ian, including the issuance of a Disaster Declaration this morning,” the White House said in a statement. Biden told DeSantis, who is seen as a potential 2024 […]
Siemens Gamesa Renewable Energy SA SGRE, +0.03% 0H4N, +0.11% GTQ1, +0.25% GCTAY, +0.36% GCTAF, -3.13% said Thursday it will lay off 2,900 people as the wind turbine maker takes steps to return to a profit in 2024. The company currently lists 27,000 employees on its website. The staff reductions include 800 employees in Denmark, 300 […]
After updating its multi-year lows again, the major currency pair rebounded. The current quote for the instrument is 0.9656. Last night, the local interest in risks improved a bit, helping the asset to successfully correct. Investor continue paying much attention to the news but none to the statistics. In the meantime, the US Goods Trade […]
The Pound Sterling is keeping balance against the USD as much as possible. The current quote for the instrument is 1.0800. The news released yesterday were rather puzzling. The Bank of England announced its decision to buy long-term bonds to calm markets starting 28 September, thus stopping the bond buying programme that started earlier. The […]
A major bank in Kazakhstan has completed its first purchase of crypto for fiat and the president is ready to approve exchange activities. 2130 Total views 65 Total shares Kazakhstan is ready to legalize a mechanism for converting cryptocurrencies to cash if there is demand, said President Kassym-Jomart Tokayev, per local news agency Informburo on […]
Berkshire Hathaway’s BRK.A, -1.02% General Re, Lloyds of London, Munich Re, Swiss Re AG, and Allianz Group ALV, -0.90% lead the list of top reinsurers of Florida-only property insurers in assumed premiums, Moody’s said Thursday in a research note. Property and casualty insurers such as Universal P&C, Citizens Property Insurance Corp., First Protective and American […]
Brookfield Renewable Partners LP BP, -0.62% BEPC, -2.29% BEPC, -1.76% said Thursday it will invest up to $2 billion in two renewable energy portfolios in the U.S. Brookfield Renewable will pay $1 billion and invest an additional $270 million to acquire Scout Clean Energy, which owns more than 1,200 MW of operating wind assets and […]
Shares of Alibaba Group Holding Ltd. BABA, -3.33% dropped 2.8% in premarket trading Thursday, after J.P. Morgan analyst Alex Yao said he turned “cautious” on the China-based e-commerce giant’s fiscal second-quarter revenue outlook, citing “weak China consumption.” Yao reiterated the overweight rating on the stock but cut the price target to $135 from $145.Yao expects […]
Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.
