Month: August 2023

JPMorgan ramps up EM default rate forecast amid China property woes

• Finance

JPMorgan ramps up EM default rate forecast amid China property woes

Reuters August 15, 2023

By Marc Jones LONDON (Reuters) -JPMorgan ramped up its 2023 global emerging market corporate high yield (HY)...

Read More Read more about JPMorgan ramps up EM default rate forecast amid China property woes

S&P 500, Nasdaq end up as Nvidia surge leads megacap higher

• Finance

S&P 500, Nasdaq end up as Nvidia surge leads megacap higher

Reuters August 14, 2023

By Saeed Azhar and Amruta Khandekar NEW YORK (Reuters) – The S&P 500 and the Nasdaq closed...

Read More Read more about S&P 500, Nasdaq end up as Nvidia surge leads megacap higher

U.S. Steel shares jump after Esmark makes $7.8-billion offer

• Finance

U.S. Steel shares jump after Esmark makes $7.8-billion offer

Reuters August 14, 2023

By Priyamvada C (Reuters) -U.S. Steel shares extended their rally on Monday after privately held firm Esmark...

Read More Read more about U.S. Steel shares jump after Esmark makes $7.8-billion offer

Burry, famous for ‘Big Short,’ bought bearish options against S&P, Nasdaq 100

• Finance

Burry, famous for ‘Big Short,’ bought bearish options against S&P, Nasdaq 100

Reuters August 14, 2023

By David Randall and Saqib Iqbal Ahmed NEW YORK (Reuters) -Michael Burry, the money manager made famous...

Read More Read more about Burry, famous for ‘Big Short,’ bought bearish options against S&P, Nasdaq 100

Tesla cuts prices in China for select Model Y versions

• Finance

Tesla cuts prices in China for select Model Y versions

Reuters August 14, 2023

BEIJING (Reuters) -Tesla on Monday said it has cut prices in China for its Model Y long-range...

Read More Read more about Tesla cuts prices in China for select Model Y versions

Tumbling rouble claws back ground as central bank to meet

• Finance

Tumbling rouble claws back ground as central bank to meet

Reuters August 14, 2023

MOSCOW (Reuters) -The tumbling rouble reversed course late on Monday, rising back to the strong side of...

Read More Read more about Tumbling rouble claws back ground as central bank to meet

Boeing front-runner in wide-body jet talks with IndiGo -sources

• Finance

Boeing front-runner in wide-body jet talks with IndiGo -sources

Reuters August 14, 2023

By Aditi Shah NEW DELHI (Reuters) -Boeing has emerged as the front-runner to secure an order for...

Read More Read more about Boeing front-runner in wide-body jet talks with IndiGo -sources

Apple supplier Foxconn cautious despite beating earnings forecasts

• Finance

Apple supplier Foxconn cautious despite beating earnings forecasts

Reuters August 14, 2023

By Sarah Wu and Faith Hung TAIPEI (Reuters) -Apple supplier Foxconn beat estimates for second-quarter earnings on...

Read More Read more about Apple supplier Foxconn cautious despite beating earnings forecasts

U.S. Steel explores options after rejecting $7.3 billion offer from Cleveland-Cliffs

• Finance

U.S. Steel explores options after rejecting $7.3 billion offer from Cleveland-Cliffs

Reuters August 13, 2023

By Jyoti Narayan and Akanksha Khushi (Reuters) -United States Steel Corp on Sunday launched a formal review...

Read More Read more about U.S. Steel explores options after rejecting $7.3 billion offer from Cleveland-Cliffs

Sluggish US earnings may need pick-me-up to support 2023 stock rally

• Finance

Sluggish US earnings may need pick-me-up to support 2023 stock rally

Reuters August 13, 2023

By Lewis Krauskopf NEW YORK (Reuters) -Stock investors have been satisfied by middling U.S. corporate results so...

Read More Read more about Sluggish US earnings may need pick-me-up to support 2023 stock rally