An Hour Ago Siemens Energy Soars 7%, Alstom Plummets 10% Siemens Energy shares surged over 7% in early trading after securing 7.5 billion euros ($8.15 billion) in project-related state guarantees from the German government. The German economy ministry announced late on Tuesday that it had provided the backstop as part of a wider 15 billion …
3 Hours Ago Chinese electric vehicle stocks rise; Xpeng quarterly results eyed. Hong Kong-listed stocks of Chinese electric vehicle firms have surged in early afternoon trading. Shares of BYD, Nio, Xpeng, and Li Auto have all risen between 2.47% and 6.11%. Markets in Asia also rose across the board following upbeat economic data from China …
\ Stock Market Update 31 Mins Ago A recent market divergence could spell turbulence for stocks, warns BTIG. BTIG has highlighted a unique technical signal that could indicate a pullback for stocks. Specifically, the Nasdaq 100 closed less than 5% below a 52-week high, while the Russell 2000 closed less than 5% above a 52-week …
Despite Moody’s Investor’s Service’s warning on Friday that it was lowering its ratings outlook on Treasurys, markets on Monday showed minimal reaction to the news. Michael Reynolds, a Glenmede strategist, downplayed Moody’s announcement, stating that the agency’s insight didn’t offer any new information about the U.S. government. Of the big-three agencies, Moody’s is the only …
An Hour Ago Technology Industry Still Recovering from Low-Rate Era, Bank of America Reports The technology sector is still experiencing the lingering impacts of real rates being below 1%, as per Bank of America’s technology, media, and telecommunications team. According to the firm, the effects of the “zero interest rate policy” era are ongoing and …
Israeli Defense Forces (IDF) on Saturday confirmed that it paused bombardment in certain time windows to allow for the safe evacuation of civilians. This pause was for civilians to leave from the northern part of the Gaza Strip. This effort is intended to protect civilian lives in the region that is currently facing intense fighting. …
Columbia University Suspends Student Chapters of Students for Justice in Palestine and Jewish Voice for Peace Columbia University has made the decision to suspend the student chapters of Students for Justice in Palestine (SJP) and Jewish Voice for Peace (JVP) until the end of the fall term. This comes after several violations of the University’s …
In Clyde, N.Y. (WHAM), officials addressed the public for the first time following the arrest of four teenagers in connection with an alleged assault at Clyde-Savannah High School. Charged with aggravated sexual abuse, hazing, and forcible touching for the incident that took place on Oct. 31, three of the defendants are ages 17, 16, and …
7 Hours Ago October Sees Decline in China’s Consumer Prices In October, China’s consumer prices decreased, reflecting the ongoing struggle of the world’s second-largest economy with an uneven post-Covid recovery. Data from China’s National Bureau of Statistics revealed that the consumer price index slipped 0.2% year-on-year. This decline was greater than the expected 0.1% decline …
Organizers of a recent retail pharmacy walkout are launching a nationwide effort to unite employees, creating a potential push towards the widespread unionization of thousands of pharmacists and technicians in the United States. A new union partnership with IAM Healthcare aims to support employees in organizing to combat what’s been labeled as dangerous work conditions …