A look at the day ahead in European and global markets from Kevin Buckland The surge in U.S. yields to 16-year highs has dominated the market’s focus all week in the run-up to the Fed’s closely watched Jackson Hole Symposium, which should set the tone for policy direction. Today, though, yields have finally taken a…
By Medha Singh (Reuters) – Nvidia shares fell from an all-time high on Tuesday, moving in line with the overall market sluggishness, but investors are still optimistic about quarterly results of the chip designer that has been the biggest beneficiary of a boom in artificial intelligence. The S&P 500 and the Dow ended lower, while…
WASHINGTON (Reuters) -The Biden administration on Tuesday said it was overhauling student loan repayment plans, seeking to make payments more affordable by reducing the amount owed each month and curbing unpaid interest. The changes would save $1,000 a year for the typical borrower and $2,000 a year on loans taken by a typical graduate of…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders in the U.S. equity options market are expecting a larger-than-usual swing in Nvidia’s shares following the chipmaker’s quarterly results after the close on Wednesday, options market data showed. Nvidia options imply a nearly 11% swing for the shares, in either direction, by Friday, according to Trade…
HOUSTON (Reuters) – Top U.S. energy companies last year paid out more of their earnings to shareholders than they invested in new oil and gas fields for the first time, according to a report released on Tuesday. The outlook for stronger energy prices has not changed the focus on investor returns from the U.S. industry,…
(Reuters) – Gold miner Newmont Corp said on Monday it has received clearance from Australia’s competition regulator to proceed with its proposed A$26.2 billion ($16.80 billion) takeover of Newcrest Mining. If the deal goes through, Newcrest shareholders would receive 0.400 Newmont share for each share, with an implied value of A$29.27 a share. Newcrest in…
By Caroline Valetkevitch NEW YORK (Reuters) – The Nasdaq ended more than 1% higher and the S&P 500 also rose on Monday, with shares of Nvidia jumping as investors were optimistic ahead of its earnings this week, and other technology-related stocks gaining. The Dow Jones industrial average ended slightly lower. The yield on 10-year Treasury…
CHICAGO (Reuters) -American Airlines pilots have approved a new contract that includes more than $9.6 billion in total pay and benefits increases over four years, reflecting the bargaining power held by pilots in an era of airline staff shortages. The Allied Pilots Association (APA), which represents 15,000 pilots at the Texas-based carrier, said on Monday…
By Chavi Mehta (Reuters) -Nvidia investors expect the chip designer to forecast quarterly revenue above estimates when it reports results on Wednesday. Their only question is, by how much? The company has been the biggest beneficiary of the rise of ChatGPT and other generative artificial intelligence apps, virtually all of which are powered by its…
By Fergal Smith (Reuters) -Canada’s main stock index fell on Monday to a near two-month low as a drop in oil prices pressured energy shares and rising bond yields weighed on dividend-paying stocks. The Toronto Stock Exchange’s S&P/TSX composite index ended down 33.52 points, or 0.2%, at 19,784.87, its lowest closing level since June 27….
