US stock futures were lower but digging themselves out of a deeper sell-off on Friday, after Israel’s retaliatory strike on Iran spooked the market and spurred a rush to safe havens such as gold. Dow Jones Industrial Average (^DJI) futures were down roughly 0.3%, coming back from a 1.4% drop in after-hours trading. S&P 500 […]
Tag: rout
After election rout, compromise may better serve South Korea’s combative president
By Hyonhee Shin and Ju-min Park SEOUL (Reuters) – After rising to power by embracing uncompromising and sometimes combative politics, South Korea’s President Yoon Suk Yeol may have to rethink his signature style if he hopes to protect his legacy and party after a crushing election defeat. Yoon, who was elected in 2022 for a […]
Amazon Eyes Record High as It Rebounds From Post-Pandemic Rout
(Bloomberg) — Wall Street investors are finally doing what analysts have been recommending all along: buying Amazon.com Inc. Most Read from Bloomberg The shares of the e-commerce and cloud computing giant rose as much as 1.2% to $187.29 on Monday, putting the stock on track to surpass its closing high of $186.57 set in July […]
Tottenham rout Aston Villa as John McGinn sees red
Tottenham inflicted a chastening 4-0 home defeat on 10-man Aston Villa as Ange Postecoglou’s men emphatically won this key battle in the race for Champions League qualification. Sunday’s crunch clash between fourth and fifth was described in the build-up by Villa skipper John McGinn as “the most important game in the club’s recent history”. Unai […]
Michael Burry Adds to China Big Tech Wager as Stock Rout Deepens
(Bloomberg) — Michael Burry, the money manager made famous in the Big Short, added to wagers on Chinese tech giants Alibaba Group Holding Ltd. and JD.com Inc. in recent months even as a rout in Chinese shares deepened. Most Read from Bloomberg Alibaba is now Scion Asset Management’s top holding after Burry’s investment company boosted […]
Michael Burry Adds to China Big Tech Wager as Stock Rout Deepens
(Bloomberg) — Michael Burry, the money manager made famous in the Big Short, added to wagers on Chinese tech giants Alibaba Group Holding Ltd. and JD.com Inc. in recent months even as a rout in Chinese shares deepened. Most Read from Bloomberg Alibaba is now Scion Asset Management’s top holding after Burry’s investment company boosted […]
Xi’s Markets Shakeup Surprised Insiders, Showing Alarm Over Rout
(Bloomberg) — Staffers at China’s main securities regulator had been working around the clock for weeks on ways to prop up the nation’s tumbling stock market when the bombshell dropped. Most Read from Bloomberg Late Wednesday, the official Xinhua News Agency reported that their boss Yi Huiman had been ousted, becoming the biggest Communist Party […]
NYCB Extends $4 Billion Rout That’s Erased Over Half Its Value
(Bloomberg) — New York Community Bancorp sank by double digits for the fourth time in five days, extending a rout that was triggered last week by its surprise quarterly loss and move to slash its dividend. Most Read from Bloomberg Shares of the lender slumped as much as 17% on Tuesday, touching the lowest level […]
NYCB Rout Deepens as Analyst Downgrades Pile Up After Earnings Shocker
(Bloomberg) — New York Community Bancorp sank for a second straight day as at least five Wall Street analysts lowered their recommendations and Moody’s Investors Service put the bank’s credit rating on review for downgrade. Most Read from Bloomberg Shares tumbled as much as 15% on Thursday, hitting their lowest level since 2000, adding to […]
Should I Buy China Shares Now? All You Need to Know After $6 Trillion Rout
(Bloomberg) — China’s authorities are stepping up efforts to stabilize the stock market after a massive selloff. The collapse in valuations since a peak in 2021 makes them the world’s “best value proposition,” according to at least one market veteran. Others remain unconvinced, saying the economy faces some tough challenges which will keep hampering stocks. […]
China’s Premier Calls for More Measures to Arrest Stock Rout
(Bloomberg) — China’s Premier Li Qiang called for more effective measures to stabilize his country’s slumping stock market after the mainland’s benchmark CSI 300 Index hit a five-year low on Monday. Most Read from Bloomberg Chinese equities have sold off for most of the past year, hurt by factors ranging from a protracted crisis in […]
Morgan Stanley, JPMorgan Say Buy the Dip After Treasury Rout
(Bloomberg) — Two major Wall Street firms are recommending investors start buying five-year US notes after they saw their worst rout since May last week. Most Read from Bloomberg Morgan Stanley sees scope for a rebound in Treasuries on expectations data in the coming weeks may surprise to the downside. JPMorgan is suggesting investors buy […]