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    Dow, S&P 500, Nasdaq rise to kick off busy week of key data, Big Tech earnings

    by skolnes October 28, 2024
    October 28, 2024

    US stocks climbed on Monday as Middle East war fears cooled, ahead of a pivotal week packed with Big Tech earnings, an inflation update, and a crucial monthly jobs report. …

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    Revenue And EPS Beat Amid 19% Topline Drop and Margin Pressure, Eyes Growth in Automotive & AI Markets

    by skolnes October 28, 2024
    October 28, 2024

    ON Semiconductor Corp (NASDAQ: ON) stock reported a fiscal third-quarter 2024 revenue decline of 19.2% year-on-year to $1.76 billion, beating the analyst consensus estimate of $1.75 billion. The adjusted EPS of $0.99 beat …

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    Boeing Launches $19 Billion Share Sale to Thwart Downgrade

    by skolnes October 28, 2024
    October 28, 2024

    (Bloomberg) — Boeing Co. launched a nearly $19 billion share sale, one of the largest ever by a public company, to address the troubled planemaker’s liquidity needs and stave off …

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    Futures march higher as markets await megacap earnings, US election

    by skolnes October 28, 2024
    October 28, 2024

    (Reuters) – U.S. stock index futures surged on Monday, poised to recoup some losses from a turbulent trading week as investors prepared for key corporate earnings and the final phase …

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    2 “Magnificent Seven” Stocks That Can Plunge by Up to 98%, According to Select Wall Street Pundits

    by skolnes October 28, 2024
    October 28, 2024

    In case you haven’t noticed, the bulls are very much in control on Wall Street. The mature stock-driven Dow Jones Industrial Average, benchmark S&P 500, and growth-propelled Nasdaq Composite, have …

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    Should You Buy Super Micro Computer or Palantir Technologies? Here’s What Wall Street Says.

    by skolnes October 28, 2024
    October 28, 2024

    Super Micro Computer (NASDAQ: SMCI) and Palantir Technologies (NYSE: PLTR) both have delivered significant gains to investors this year. Supermicro soared 188% in the first half, even surpassing the performance …

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    Philips cuts annual sales outlook as China demand deteriorates

    by skolnes October 28, 2024
    October 28, 2024

    By Bart H. Meijer AMSTERDAM (Reuters) -Philips said on Monday that demand in China slumped significantly in recent months, forcing the Dutch medical devices maker to lower its sales outlook …

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  • Cryptocurrency News

    China’s Central Bank Has New Policy Tool to Manage Liquidity

    by skolnes October 28, 2024
    October 28, 2024

    (Bloomberg) — China’s central bank is expanding its monetary policy toolkit to get a better handle on liquidity in the financial system as it seeks to add more levers to …

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  • Cryptocurrency News

    China Gold Demand Plunges as Record Prices Deter Jewelry Buyers

    by skolnes October 28, 2024
    October 28, 2024

    (Bloomberg) — Gold demand in China — the world’s biggest consumer — plunged by more than a fifth in the third quarter as record prices and a sluggish economy dented …

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    Asian shares rise and the yen dips after Japan’s ruling party loses majority

    by skolnes October 28, 2024
    October 28, 2024

    TOKYO (AP) — Asian shares rose Monday, as the yen dipped in the midst of political uncertainty after Japan’s ruling party lost its majority in Parliament’s lower house in weekend …

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