Tag Archives: Stocks

Airbnb reports Q2 2024 earnings with an EPS of 86 cents, missing estimates, but beats revenue expectations with $2.75 billion. Read more about the market implications.

Asian share markets extended their gains on Wednesday, with a notable rise in the Nikkei. This surge followed the Bank of Japan’s unexpected indication that it would not raise interest rates while markets remain volatile, leading to a sharp fall in the yen.

US stock market rebounds after a steep selloff, driven by recession fears and global market volatility. Notable tech giants like Microsoft and Tesla see major declines.

In just three trading sessions, the Nikkei share average (NI225) has lost a fifth of its value. On Monday, it tumbled 12.4%, marking its second-largest decline on record and its biggest since the Black Monday crash of October 1987.

Thursday saw Japan’s Nikkei share average take a sharp tumble as the yen surged following the Bank of Japan’s (BOJ) historic monetary policy meeting on Wednesday.

Key points: Japan’s Nikkei share average rose on Wednesday, buoyed by banking stocks after the Bank of Japan (BOJ) raised interest rates for the second time since 2007. The Nikkei index was up 0.25% at 38,620.85 as of 0421 GMT, reversing earlier losses. The broader Topix index also turned positive, trading 0.37% higher. See: Nikkei225Continue Reading

Emerging Asian currencies and stocks experienced gains on Wednesday as traders awaited the US Federal Reserve’s policy decision. The South Korean won and the Thai baht led the way among currencies, rising by 0.6% and 0.5%, respectively.

AMC stock (AMC) fell 7.7% after issuing disappointing guidance for the second quarter of 2024. The company anticipates a net loss of $32.8 million, translating to a loss of 10 cents per share.

Apple (Symbol: AAPL) has entered into a historic preliminary labour agreement with its retail workers in Towson, Maryland. This is the first time that the tech giant has reached such a deal in the United States, marking a significant milestone in labour relations for the company. 

The Nasdaq composite falls to its lowest level since early June, marking its worst two-day drop since September 2022. Read more to find out about the market implications and outlook.