Video conferencing company Zoom shared its second-quarter earnings this week and managed to beat the estimates of Wall Street analysts. However, investors were still unconvinced by the results, causing the company’s stock to fall by more than 10% at one point.
Zoom reported $1.14 billion in revenue compared to an...
Asian stocks were mixed on Tuesday after New York stocks reached a 15-month peak before closing for the 4th of July holiday.
Japan's Nikkei 225 fell 0.9% to 33,445.55 while Hong Kong's Hang Seng rose 0.4% to 19,393.33. The Shanghai Composite Index remained relatively unchanged at 3,243.86.
South Korea's Kospi declined...
Stocks closed lower on Tuesday as investors braced themselves for Federal Reserve Chairman Jerome Powell's testimony in Congress on Wednesday. In addition to the potential implications of Powell's address, investors remain concerned about China's flailing economic growth.
The S&P 500 slid 0.47% lower, while the Dow Jones Industrial Average declined...
Japan's Topix index rallied by more than 1% on Wednesday, thereby extending its three-decade high. This is the index's fourth consecutive daily rise, with central banks in China and Japan implementing supportive monetary policies ahead of the Federal Reserve's interest rate policy decision expected on Wednesday.
Asia's gains were paired...
The sterling remained steady on Wednesday morning after data from mortgage lender Halifax showed an annual drop in UK house prices for the first time since 2012.
During the morning session, the British pound remained steady against the U.S. dollar at $1.242, showing signs of restabilizing following a 0.2% drop...
European shares advanced on Monday as investors brace themselves for the release of key Federal Reserve inflation data later in the week. This data is expected to hint at the trajectory of the Fed's interest rate policy going forward.
The European Stoxx 600 rose by 0.2% to 466.29 points in...
European stocks and U.S. futures retreated on Tuesday morning following the latest round of earnings reports rolling in from some of Europe's largest companies.
Results for UBS Group AG were lower than analysts' estimates, thereby dragging banks lower. Spain’s Banco Santander SA was also down as concerns regarding outflows overshadowed the...
U.S. futures ticked higher on Wednesday as investors eagerly anticipated the latest Consumer Price Index data that is expected to be released later in the day.
Contracts on the S&P 500 advanced 0.2% during the morning session, while those on the Dow Jones Industrial Average gained 0.3%. Futures on the...
The dollar remained close to its five-week low on Wednesday as Wall Street awaits the Federal Reserve's latest interest rate decision. Currently, the market expects a 25 basis point hike.
While some expect the central bank to put a pause on its interest rate hikes following the crisis affecting global...
U.S. stocks and futures edged lower on Wednesday as Credit Suisse Group AG faces its own debt crisis. This comes after a week of distress for investors amid regional bank failures, headlined by the collapse of Silicon Valley Bank last Friday.
Credit Suisse shares plummeted by as much as 21%...