Latest Market News
Gilt yields have climbed on Friday, as the Bank of England winds down its temporary bond purchase program, and U.K. Prime Minister Liz Truss only reversed corporate tax cuts. “The vast swings in markets following the announcement suggests that the retracement of £18bn from the unfunded tax burden through reinstating the rise in corporation tax […]
U.S. stocks opened higher Friday, as investors weighed data from the U.S. Census Bureau showing retail sales were flat last month as well as third-quarter earnings reports from Wall Street banks. The Dow Jones Industrial Average DJIA, -0.86% was up 0.5% soon after the opening bell, while the S&P 500 SPX, -1.67% gained 0.6% and […]
Morgan Stanley MS, -4.48% fell 2.6% in premarket trades Friday after the investment bank missed Wall Street’s targets for earnings and revenue amid a drop in deal activity. Morgan Stanley said its third-quarter net income fell to $2.49 billion, or $1.47 per share, from net income of $3.7 billion, or $1.98 per share in the […]
Kroger Co. KR, -5.69% has announced a $24.6 billion deal to buy Albertsons Cos. Inc. ACI, -7.72%. Under the terms of the merger agreement, Kroger will acquire all of the outstanding shares of Albertsons’ common and preferred stock for an estimated $34.10 per share. Bloomberg News reported, earlier this week that Kroger was in merger […]
Shares of Howard Hughes Corp. HHC, +4.01% jumped 2.8% in premarket trading Friday, after investor Pershing Square Capital Management said it has launched a cash tender offer to buy up to 6.34 million of the real estate development and management company’s stock. That represents up to 12.7% of the shares outstanding as of July 28. […]
A community member started a discussion on r/cryptocurrency on why inflation isn’t pushing more people into the crypto space. 1511 Total views 36 Total shares While some anticipate that more people will naturally get into crypto due to inflation, the reality is far from some community members’ expectations. A discussion in the r/cryptocurrency subreddit highlighted […]