Stocks

“South Korea to Ban Short-Selling of Stocks Until June 2024”

“South Korea will prohibit stock short-selling until June 2024 to allow regulators to “actively” improve rules and systems, the Financial Services Commission said. Trading with borrowed shares, an essential component of short selling, will be banned for companies in the… Continue Reading…

Business, Stocks

“Palantir [Defense & AI company ]shares pop 20% after its third-quarter results beat estimates”

“…Shares of Palantir closed up 20% Thursday after the company released third-quarter earnings that beat analysts’ expectations and raised full-year revenue guidance. Here’s how the company did: Palantir’s revenue for the third quarter increased 17% to $558 million, from $478 million a year earlier.… Continue Reading…

Stocks

“Shares of Maersk plunge 18% as shipping giant announces 10,000 job cuts, says profit will be at lower-end of guidance”

“Shipping giant Maersk, a bellwether for global trade, on Friday announced plans to reduce its workforce by more than 10,000 people and said it expected profit to be at the low end of prior guidance. The firm’s Denmark-listed shares had fallen… Continue Reading…

Business, Stocks

“Novo Nordisk Stock Jumps As Wegovy Sales Skyrocket 734%, Crushing Expectations”

“…For the September quarter, Novo’s sales climbed 29% to 58.73 billion Danish krone, or roughly $8.39 billion, based on today’s exchange rates. That topped the FactSet-polled analyst view for 57.88 billion Danish krone. Adjusted profit came out 5.02 Danish krone… Continue Reading…

Stocks

“Starbucks stock rises 10% as U.S. customers buy into pricier drinks”

“Starbucks on Thursday reported quarterly earnings and revenue that topped analysts’ expectations, fueled by strong U.S. demand for pricier drinks. Shares of the company rose 10% in morning trading. Here’s what Starbucks reported for its fiscal fourth quarter compared with what Wall Street… Continue Reading…

Stocks

“Shopify shares surge 15% on earnings beat, rosy guidance”

“Shopify stock jumped more than 15% on Thursday morning after the Canadian e-commerce company reported third-quarter results that beat expectations, and gave a strong forecast for the remainder of the year. Here’s how the company did for the quarter compared to LSEG (formerly… Continue Reading…

Economy, Stocks

“JPMorgan’s Marko Kolanovic braces for 20% market plunge, delivers recession warning”

“JPMorgan’s Marko Kolanovic is bracing for a 20% sell-off to hit the S&P 500. According to the Institutional Investor hall-of-famer, high interest rates are creating a breaking point for stocks — and choosing cash at a 5.5% return in money… Continue Reading…

Stocks

“Foreign Funds Are Selling India Stocks at Fastest Pace in Months”

“…Overseas funds sold $768.4 million of local shares last Thursday alone, the biggest single-day outflow since June 2022 on a net basis, according to the latest data compiled by Bloomberg. Overall, they have withdrawn $1.2 billion in the week through… Continue Reading…

Stocks

“RTX Shares Jump After Earnings Beat, Stock Buyback, and Engine Inspection Update”

“Shares of RTX (RTX) jumped over 7% Tuesday after the defense contractor reported better-than-expected results, announced a stock buyback, and gave an upbeat assessment of the progress it is making on inspections of a potential jet engine defect. The company formerly… Continue Reading…

Business, Stocks

“Netflix stock surges 13% as profit beats expectations, ad-tier subscriptions rise”

“Netflix shares surged Thursday morning, after the company reported a boost in subscriber growth driven by a password-sharing crackdown efforts and interest in its new ad-supported tier. The streaming giant said after the market closed Wednesday that it had added 8.76 million global… Continue Reading…