Tag: markets
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Robinhood shares fall as crypto markets chill drives profit miss
Oct 28 : Robinhood’s shares fell 8 per cent in premarket trading on Wednesday after a prolonged chill in crypto markets dragged the trading platform’s third-quarter profit below Wall Street expectations.Crypto markets have been under pressure this year due to shifting expectations for US interest rates, outfl
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Stellantis reports $4.5 billion cash drain as massive turnaround plan continues
European car giant Stellantis said Wednesday that it recorded a 4 billion euro ($4.5 billion) cash shortfall in the third quarter.
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Europe’s debt stress is hitting corporate borrowing costs. Goldman flags who’s vulnerable
Sovereign debt pressure and heavy bond issuance are raising European corporate borrowing costs, squeezing companies with weaker balance sheets, Goldman said.
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Oil prices rise as Houthi attacks on Saudi Arabian refinery raise supply worries
Oil prices climbed Wednesday as investors weighed the prospect of a prolonged conflict in the Middle East.
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AI worries expose dollar’s hot-money problem
Oct 28 : Investors have long treated the US dollar as a refuge when markets fall, but foreign money chasing returns from the AI boom could weaken that safe-haven role if the trade unwinds.Foreign capital has poured in to US mega-cap equities, hyperscaler corporate bonds and power-grid infrastructure. That has
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Kylian Mbappé faces China backlash as sponsors cut ties over viral meme
Chinese state media has warned Kylian Mbappé that his apology over remarks referring to Mao Zedong as a dictator will be judged against his actions.
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Labubu-maker Pop Mart’s shares extend declines as third-quarter sales plunge
The company reported a 45% to 50% year-on-year drop in third-quarter revenue.
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SK Hynix third-quarter profit sharply beats estimates on AI memory boost
South Korean chipmaker SK Hynix on Wednesday reported its third-quarter earnings.
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Cramer’s lightning round: ‘Penguin Solutions sells at a low multiple’
“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed.
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Where Cramer stands on two beaten-down aerospace stocks — and the one to buy
CNBC’s Jim Cramer likes this beaten-down aerospace stock after a post-earnings pullback.
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