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Month: May 2024

Equity index dips while yields fall; investors await inflation prints

Posted on May 28, 2024 by Financial Edge Daily

By SinĂ©ad Carew and Alun John NEW YORK/LONDON (Reuters) -A global equities index fell slightly on Tuesday while Treasury yields rose as investors awaited inflation data due later in the week for…

Nasdaq crosses 17,000 mark ahead of inflation test

Posted on May 28, 2024 by Financial Edge Daily

By Johann M Cherian and Lisa Pauline Mattackal (Reuters) -The Nasdaq breached the 17,000 level for the first time on Tuesday, buoyed as AI darling Nvidia jumped to a record high, even…

Oil up on prospect of OPEC+ holding cuts, weaker US dollar

Posted on May 28, 2024 by Financial Edge Daily

By Laila Kearney NEW YORK (Reuters) -Oil prices rose by more than $1 a barrel on Tuesday on the expectation that OPEC+ will maintain crude supply curbs at its June 2 meeting,…

Meme stock GameStop climbs after raising $933 million in share sales

Posted on May 28, 2024 by Financial Edge Daily

(Reuters) -GameStop jumped 14% on Tuesday after the struggling video game retailer said it had raised $933 million by cashing in on a rally in the meme stock earlier this month. The…

Apple’s Vision Pro Headset Goes Global

Posted on May 13, 2024May 20, 2024 by Financial Edge Daily

(Reuters) – Apple is gearing up to sell its Vision Pro mixed-reality headset outside the United States, Bloomberg News reported on Monday, in a bid to invigorate demand for its most expensive…

Anglo American rejects BHP’s revised $42.7 billion buyout proposal

Posted on May 13, 2024May 21, 2024 by Financial Edge Daily

By Clara Denina LONDON (Reuters) -Anglo American rejected a raised takeover offer of 34 billion pounds ($42.67 billion) from BHP Group on Monday, saying the world’s largest listed miner “continues to significantly…

‘Choose France’ investment push bags record $16 billion in pledges

Posted on May 13, 2024May 21, 2024 by Financial Edge Daily

By Sudip Kar-Gupta and Elizabeth Pineau PARIS (Reuters) – France won a record 15 billion euros ($16.17 billion) in foreign investment pledges on Monday, allowing President Emmanuel Macron to bask in the…

Morning Bid: Treading water ahead of China tariff news, US CPI

Posted on May 13, 2024May 20, 2024 by Financial Edge Daily

By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian markets on Tuesday will be looking to maintain the positivity with which the week has started, with…

Israel in spotlight at Eurovision semi-final as pro-Palestinian protests LOOM

Posted on May 12, 2024May 21, 2024 by Financial Edge Daily

By Jacob Gronholt-Pedersen MALMO, Sweden (Reuters) –The second semi-final of this year’s Eurovision Song Contest will take place in Sweden on Thursday, with Israel’s performance expected to draw attention due to large…

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