Latest Financial markets News

As Art Basel opens, buyers confront a 'cooling' but still very active market

Jun. 12, 2024 21:37 PM EDT

BASEL, Switzerland (AP) — Multimillion-dollar works by Jean-Michel Basquiat, Yayoi Kusama and Alberto Giacometti went on the market this week as the Art Basel fair opened in Switzerland. Thousands flooded the exhibition center for VIP previews before doors open to public Thursday....

Stock market today: Wall Street climbs on hopes for coming cuts to interest rates

Jun. 12, 2024 17:14 PM EDT

NEW YORK (AP) — U.S. stocks climbed Wednesday following a surprisingly encouraging update on inflation and a reassurance that the Federal Reserve still sees a cut to interest rates as likely this year. The S&P 500 added 0.9% to its all-time high set a day earlier. The Nasdaq...

WeWork has emerged from bankruptcy. What's next for the co-working office space provider?

Jun. 12, 2024 17:03 PM EDT

NEW YORK (AP) — WeWork has officially emerged from bankruptcy. And all eyes are on whether its new leadership can guide the long-embattled provider of co-working office space to success. Once a Wall Street darling promising to revolutionize the world of work, WeWork took a stunning...

How major US stock indexes fared Wednesday, 6/12/2024

Jun. 12, 2024 16:22 PM EDT

U.S. stocks closed higher following a surprisingly encouraging update on inflation. The S&P 500 rose 0.9% Wednesday, closing at another record high, after the Federal Reserve also gave reassurance that it still sees a cut to interest rates as likely this year. The Nasdaq...

Oracle, Casey's General Stores rise; Vera Bradley, PetMed fall, Wednesday, 6/12/2024

Jun. 12, 2024 16:16 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Wednesday: Paramount Global, up 8 cents to $11.12. National Amusements ended talks on a possible merger of the film and television company with Skydance Media. Vera Bradley...

Torrid Holdings: Fiscal Q1 Earnings Snapshot

Jun. 12, 2024 16:13 PM EDT

CITY OF INDUSTRY, Calif. (AP) — CITY OF INDUSTRY, Calif. (AP) — Torrid Holdings Inc. (CURV) on Wednesday reported fiscal first-quarter earnings of $12.2 million. On a per-share basis, the City Of Industry, California-based company said it had profit of 12 cents. ...

Affimed N.V.: Q1 Earnings Snapshot

Jun. 12, 2024 06:42 AM EDT

MANNHEIM, Germany (AP) — MANNHEIM, Germany (AP) — Affimed N.V. (AFMD) on Wednesday reported a loss of $20.8 million in its first quarter. On a per-share basis, the Mannheim, Germany-based company said it had a loss of $1.38. The results exceeded Wall Street...

Stock market today: Asian shares are mostly lower ahead of Fed decision on interest rates

Jun. 12, 2024 01:01 AM EDT

BANGKOK (AP) — Shares were mostly lower Wednesday in Asia ahead of a decision by the Federal Reserve on interest rates. In Japan, higher inflation and falling wages raised questions about how the central bank can navigate away from near-zero interest rates. The Bank of Japan will...

Mexican peso weakens as next president vows to forge ahead with 20 reforms - and adds a couple more

Jun. 11, 2024 17:17 PM EDT

MEXICO CITY (AP) — The Mexican peso continued to weaken Tuesday as Mexico’s outgoing president — and his successor — vowed to forge ahead with some 20 c onstitutional changes that have rattled investors. Claudia Sheinbaum won this month’s presidential election. But she has...

How major US stock indexes fared Tuesday, 6/11/2024

Jun. 11, 2024 16:15 PM EDT

Stocks drifted to a mixed close overall on Wall Street, but the S&P 500 and Nasdaq composite still managed to notch more record highs. A big gain in Apple helped push both indexes higher Tuesday. The S&P 500 added 0.3%, driven largely by gains in tech stocks, even though...