US stocks extend rally as earnings season unfolds

Investors are turning their attention to a busy week of corporate earnings, as US stock markets stage a sharp rebound and climb to record levels despite lingering geopolitical concerns. Hopes of easing tensions between the United States and Iran have helped fuel a strong rally in recent weeks. This has pushed major indices to fresh… Continue reading US stocks extend rally as earnings season unfolds

Wall Street banks ride trading boom, but flag risks to deals and growth

Global financial markets were jolted by a volatile first quarter shaped by geopolitical tensions, energy shocks and shifting expectations around artificial intelligence — a backdrop that delivered a windfall for Wall Street trading desks while clouding the outlook for broader economic activity. Major US banks reported a sharp rise in trading revenues as clients rushed… Continue reading Wall Street banks ride trading boom, but flag risks to deals and growth

Is the S&P 500 surge built on conditioning, plumbing, and illusion?

We are in the middle of the largest oil supply shock in history. A war is still raging. Consumer confidence is at record lows. But somehow, the S&P 500 is at an all-time high. Seems confusing. In April alone, the S&P 500 is up more than 8%. Most investors are cheering, while others are confused… Continue reading Is the S&P 500 surge built on conditioning, plumbing, and illusion?

Dow futures climb 175 points: 5 things to know before market opens

US stock futures edged higher on Friday as investors headed into the final session of the week hoping the worst of the Middle East shock may be passing, even if the market is not yet prepared to trade as though the crisis is over. Wall Street has been supported this week by record closes and… Continue reading Dow futures climb 175 points: 5 things to know before market opens

London’s FTSE 100 dips as utilities and miners drag index

The UK’s benchmark FTSE 100 index slipped on Friday, pressured by declines in utilities and mining stocks. The index was also on track to break its three-week winning streak. The FTSE 100 fell 0.1% to 10,581.06 points. In contrast, the midcap FTSE 250 index rose 0.1%, putting it on course for a third consecutive week… Continue reading London’s FTSE 100 dips as utilities and miners drag index

What’s behind Apple’s strong iPhone growth in China market?

Apple recorded a robust 20% increase in iPhone shipments in China during the first quarter, outperforming the wider market, as per Counterpoint Research data, cited in a Reuters report. The company’s performance stood in contrast to a slowdown across the sector, as rising memory chip prices and supply chain disruptions weighed on total smartphone shipments… Continue reading What’s behind Apple’s strong iPhone growth in China market?

Is Uber stock a buy after its bold $318M European expansion bet?

Uber has made a small deal with a big message for investors. The company is buying a 4.5% stake in German food-delivery group Delivery Hero for about €270 million, or roughly $318 million, by acquiring 13.6 million shares from Prosus at €20 each. The timing matters as Prosus is selling the stake to satisfy European… Continue reading Is Uber stock a buy after its bold $318M European expansion bet?

Wipro stock plunges 3%: is Indian IT stuck in a slow-growth trap?

Wipro stock fell after the Indian IT services company issued a weak revenue outlook for the upcoming quarter, reviving investor concerns about demand, execution and the pace of any recovery in the sector. The softer guidance suggests clients remain cautious, particularly among banking and financial services customers in key overseas markets, while the conversion of… Continue reading Wipro stock plunges 3%: is Indian IT stuck in a slow-growth trap?

Why are foreign investors rushing back into South Korea right now?

Foreign investors are returning to South Korea’s markets after a brutal March sell-off, drawn back by a sharp rebound in equities and growing demand for the country’s bonds ahead of its inclusion in a major global debt index. The shift marks an important test for Seoul’s markets: whether a recovery driven by technology optimism and… Continue reading Why are foreign investors rushing back into South Korea right now?