HSBC Holdings Plc’s new chief executive officer just unveiled the biggest overhaul of the company in at least a decade, but it was missing some key details for employees and investors. Source link
Author: user
By Ankur Banerjee SINGAPORE (Reuters) – Gold prices jumped to record high and the dollar was on the rise again on Wednesday, keeping the pressure on the yen and the euro, while stocks in Asia stuttered as investors were reluctant to place major bets ahead of a hotly contested U.S. election. The shifting expectations around how fast and deep the Federal Reserve will cut rates have also hurt risk sentiment, with traders now anticipating the U.S. central bank to be measured in its easing. That has taken U.S. Treasury yields to a three-month peak and the dollar to multi-month highs…
Investing.com – Starbucks (NASDAQ: ) reported fourth quarter EPS of $0.80, $0.23 worse than the analyst estimate of $1.03. Revenue for the quarter came in at $9.1B versus the consensus estimate of $9.38B. Starbucks’s stock price closed at $96.82. It is up 30.75% in the last 3 months and up 2.33% in the last 12 months. Starbucks saw 4 positive EPS revisions and 20 negative EPS revisions in the last 90 days. See Starbucks’s stock price’s past reactions to earnings here. According to InvestingPro, Starbucks’s Financial Health score is “good performance”. Check out Starbucks’s , and Starbucks’s financials here. Stay…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. NVIDIA Corp (NASDAQ:NVDA) reached a new milestone Monday, with its shares climbing 4.14% to close at an all-time high of $143.71, prompting a notable response from CNBC’s Jim Cramer. What Happened: Following the stock’s record-setting performance, Cramer took to X (formerly Twitter) stating, “Nvidia, own it don’t trade it,” while questioning the decision of those who “sold in low 200s because of negative analysts.” Don’t Miss: Wedbush Securities analyst Dan Ives endorsed Cramer’s sentiment, responding with trophy emojis symbolizing achievement and success. Cramer…
Investing.com– Oil prices fell in Asian trade on Wednesday after industry data signaled an increase in U.S. oil inventories, while focus remained on diplomacy efforts by the U.S. to quell tensions in the Middle East. Crude prices gained some ground in the prior session after Israel said it had killed Hashem Safieddine, the heir apparent to the late Hezbollah Leader Hassan Nasarallah, who was killed last month by an Israeli strike. U.S. Secretary of State Antony Blinken held extended discussions with Israeli leaders this week over a potential de escalation in the conflict, while also pushing for more humanitarian aid…
Correlations between world stock markets began to increase in the 1970s. This trend endured for nearly a half century as globalization took hold and defined much of the era. But that all changed when COVID-19 broke out in earnest in February 2020. While tariff disputes had already disrupted supply chains in the years prior, the onset of the global pandemic in early 2020 accelerated the decoupling among global equity markets and transformed their relationship to one another, ushering in what may be a regime change in world finance. Our examination of stock market indices since 2015 reveals one clear takeaway: Every…
TOKYO (Reuters) -Tokyo Metro saw its stock untraded on its Tokyo market debut on Wednesday with a glut of buy orders in early trade. Tokyo Metro, one of the capital’s two major subway operators, raised $2.3 billion after pricing its initial public offering at the top of an indicative range at 1,200 yen apiece. The IPO was more than 15 times oversubscribed, Reuters has reported, with investors drawn to a household name with an attractive dividend yield. “The listing of a large company familiar to individual investors has a large merit in broadening the investor base,” Toshio Morita, CEO of…
In a significant transaction, RA Capital Management, L.P., a leading investment firm, acquired shares in Janux Therapeutics, Inc. (NASDAQ:JANX) valued at approximately $53.7 million. This purchase involved 1.2 million shares at a price of $44.75 per share. The transaction was finalized on October 18, 2024, following the satisfaction of customary closing conditions, including regulatory approvals. RA Capital Management, based in Boston, is known for its strategic investments in the healthcare sector. The firm, along with its affiliates such as RA Capital Healthcare Fund LP and RA Capital Nexus Fund II, L.P., is a prominent stakeholder in Janux Therapeutics, a San…
Malaysia’s Cybersecurity Center of Excellence marks first six months, expands Cybersecurity Curriculum with more globally-certified training programs to help upskill cyber professionals in ASEAN KUALA LUMPUR / ACCESSWIRE / October 23, 2024 / BlackBerry Limited (NYSE:)(TSX:BB) has announced a new partnership with The International Information System Security Certification Consortium (ISC2), the world’s leading nonprofit member organization for cybersecurity professionals, to deliver its globally recognized cybersecurity training and certifications in Malaysia. In support of the Malaysian Government’s ongoing efforts to boost digital skills, capacity and cyber-resilience, the courses are now offered as part of the BlackBerry Cybersecurity Curriculum at the world-class…
Speaking at The Ocean Collective Summit in Singapore on Thursday, Fabien Cousteau, grandson of celebrated oceanographer Jacque Cousteau, said he was “trepidatious” about an economic system being built around intangible assets such as the avoided destruction of mangroves, seagrasses and coral reefs.Blue carbon credits – like any other type of carbon credit – enable companies to offset their climate pollution by buying a credit that represents a reduction or removal of emissions, for instance a mangrove replanting scheme or a seagrass meadow protection project.The blue carbon market – which is projected to be worth US$190 billion by 2030 – needed standards…