Latest Financial markets News

Stock market today: Wall Street holds firmer following Wednesday's rout for tech stocks

Jul. 18, 2024 10:39 AM EDT

NEW YORK (AP) — Wall Street is holding steadier Thursday following the worst day for big technology stocks since 2022. The S&P 500 climbed 0.4%, and the Nasdaq composite was rising 0.4% a day after it tumbled 3.7%. The Dow Jones Industrial Average was adding 159 points, or...

US homes find fewer foreign buyers as rising costs and a strong dollar leave market in record slump

Jul. 18, 2024 08:36 AM EDT

LOS ANGELES (AP) — Sales of U.S. homes to Chinese, Canadian and other foreign buyers have fallen to the lowest level in more than a decade, hampered by a strong dollar and more hurdles that have kept the housing market in a deep sales slump for over two years. Some 54,300...

Virtu Financial: Q2 Earnings Snapshot

Jul. 18, 2024 07:24 AM EDT

NEW YORK (AP) — NEW YORK (AP) — Virtu Financial Inc. (VIRT) on Thursday reported second-quarter profit of $66.6 million. On a per-share basis, the New York-based company said it had net income of 71 cents. Earnings, adjusted for one-time gains and costs, were 83 cents per share....

Novartis: Q2 Earnings Snapshot

Jul. 18, 2024 05:17 AM EDT

BASEL, Switzerland (AP) — BASEL, Switzerland (AP) — Novartis AG (NVS) on Thursday reported second-quarter net income of $3.25 billion. On a per-share basis, the Basel, Switzerland-based company said it had net income of $1.59. Earnings, adjusted for non-recurring costs, came to...

Nokia: Q2 Earnings Snapshot

Jul. 18, 2024 05:14 AM EDT

ESPOO, Finland (AP) — ESPOO, Finland (AP) — Nokia Corp. (NOK) on Thursday reported a loss of $157.2 million in its second quarter. On a per-share basis, the Espoo, Finland-based company said it had a loss of 3 cents. Earnings, adjusted for one-time gains and costs, were 6 cents...

TSMC: Q2 Earnings Snapshot

Jul. 18, 2024 05:12 AM EDT

HSINCHU, Taiwan (AP) — HSINCHU, Taiwan (AP) — Taiwan Semiconductor Manufacturing Co. (TSM) on Thursday reported second-quarter net income of $7.66 billion. The Hsinchu, Taiwan-based company said it had profit of $1.48 per share. The results exceeded Wall Street...

Stock market today: Asian shares mostly fall as dive for Big Tech stocks hits Wall St rally

Jul. 18, 2024 00:36 AM EDT

TOKYO (AP) — Asian shares were mostly lower Thursday, with Tokyo’s benchmark dipping more than 2%, after Wall Street’s record-breaking rally slammed into a wall of worries over potentially worsening trade tensions with China. By early afternoon, Japan's Nikkei 225 index was...

United Airlines Q2 profit rises to $1.32 billion as travel demand offsets the carrier's rising costs

Jul. 17, 2024 19:08 PM EDT

United Airlines on Wednesday reported that its second-quarter profit rose 23% to $1.32 billion, as record crowds at U.S. airports helped the carrier overcome sharply rising costs for fuel and labor. However, United warned that third-quarter results will fall short of Wall Street...

Former Mozambique finance minister on trial in US over 'tuna bond' scandal that spurred debt crisis

Jul. 17, 2024 17:14 PM EDT

NEW YORK (AP) — The “ tuna bond ” scandal that shook Mozambique's economy is washing into a U.S. court, where a former Mozambican finance minister is being tried on charges that he took bribes to commit his country — secretly — to huge loans that prosecutors say got looted. ...

How major US stock indexes fared Wednesday, 7/17/2024

Jul. 17, 2024 16:41 PM EDT

Wall Street’s record-breaking rally ran into a wall, as worries about potentially worsening trade tensions with China hit stocks of chip companies. That dragged indexes to their worst day in months on Wednesday, but conditions were less discouraging underneath the surface. ...