2 Hours Ago Meituan Plunges to 44-Month Low Amid Warning of Slower Q4 Growth A delivery worker for Meituan in Shanghai, China, on Friday, May 27, 2022. Bloomberg | Getty Images Meituan’s shares plummeted over 11% to 91.65 Hong Kong dollars during afternoon trading. The Chinese delivery firm’s shares hit their lowest level since March …
A striking sight: a pedestrian walks in front of the iconic Wall Street bull statue in New York City. Doug Kanter | AFP | Getty Images Family offices now have a surprising investment trend with more of their money going into private markets than the public stock market, according to a ground-breaking survey. An insightful …
On Mon, Nov 27 2023 at 12:26 AM EST, the Beijing Stock Exchange reminded major shareholders of listed companies not to reduce holdings due to fears of losing market excitement, according to Reuters. The Beijing Stock Exchange 50 Index has been on an uptrend, registering a one month gain of 44.72% and three month gain …
Published 59 minutes ago Market Rally Anticipated to Broaden in 2024, States Equity Strategist The equity strategist at Citi, Scott Chronert, predicts that the stock market rally will widen in 2024 as more sectors present strong earnings trends, shifting away from the current mega-cap growth leadership. “We’re expecting a broader market pattern due to an …
An Hour Ago Elliott Management to push for changes at Crown Castle, report says The Wall Street Journal reported that Elliott Management has accumulated a more than $2 billion stake in Crown Castle and plans to push for changes within the wireless-tower operator. Specifically, Elliott wants to approach the company on ways to boost the …
U.S. Stocks Gain Over Past Month Stocks in the U.S. have closed higher for the fourth consecutive week. The Dow Jones Industrial Average gained 117.12 points or 0.33%. The S&P 500 added 0.06%, while the Nasdaq Composite decreased by 0.11%. Moving Stocks Throughout the Day The companies making headlines in midday trading include Nvidia, whose …
The Gorgon liquefied natural gas (LNG) and carbon capture and storage (CCS) facility, operated by Chevron Corp., on Barrow Island, Australia, on Monday, July 24, 2023. Bloomberg | Bloomberg | Getty Images The head of the International Energy Agency has urged the oil and gas industry to invest more in clean energy and abandon the …
Four hours ago, the downward trend of oil prices continued when the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, postponed their policy-setting meeting by four days. The oil cartel’s meetings scheduled for November 25-26 are now rescheduled for November 30. Brent crude traded 1.2% lower at $80.99 a barrel on …
4 Hours Ago Sunac shares surge as Chinese property developer says it’s met restructuring conditions Sunac’s shares soared on Tuesday as the struggling Chinese real estate company reports the successful fulfillment of its debt restructuring prerequisites. The company has commenced its debt overhaul in exchange for the issuance of new notes, leading to an 18% …
Renowned value investor Jeremy Grantham is placing his bets on a select group of stocks with the launch of his firm’s premier active ETF: the GMO U.S. Quality ETF. Tom Hancock, a partner at GMO, has been entrusted with the strategy for this new endeavor. “There’s a lot more interest in active ETFs than there …