German stocks edged lower on Friday ahead of the all-important U.S. jobs report due later today that could influence the Fed\'s rate trajectory. Closer home, Germany\'s industrial production expanded in January, figures from Destatis showed earlier today. Industrial production posted a monthly growth of 1.0 percent, in contrast to the 2.0 percent fall in December....
In an insightful interview, Piers Ridyard, CEO of the decentralized network Radix DLT, discussed his “wild ride” through the worlds of smart contracts and Y Combinator. Chatting with Cryptonews Podcast host Matt Zahab, the CEO talked about finding Ethereum, mining on its genesis block, selling ETH, and getting into Radix. Ridyard told us about the...
SEOUL (Reuters) - South Korea\'s financial market watchdog said on Monday it has found wrongdoings by financial firms selling derivatives linked to a Hong Kong stock market index. \"The inspection result shows there was poor management of sales policy and consumer protection, incomplete sales at the system level and various kinds of incomplete sales in...
French stocks were little changed in cautious trade on Friday as investors awaited the all-important U.S. jobs report later in the day that could help shape investor expectations on interest rate cuts. Meanwhile, France\'s trade deficit increased at the start of the year as exports fell faster than imports, data released by the customs office...
(Reuters) -Delta Air Lines Inc expects the deliveries of Boeing (NYSE:BA) Co\'s 737 Max 10 aircraft to be pushed out to as late as 2027, as the planemaker faces federal safety and criminal reviews, Bloomberg News reported on Sunday. The airline announced in July 2022 that it would buy 100 Boeing 737 Max 10 jets...
- European stock markets traded in subdued fashion Friday, as investors awaited the release of the widely-watched monthly U.S. jobs report in the latest European Central Bank meeting. At 03:05 ET (08:05 GMT), the DAX index in Germany traded 0.2% lower, the FTSE 100 in the U.K. dropped 0.2%, while the CAC 40 in France...
On Friday, JPMorgan adjusted its stance on Hess Midstream Partners LP (NYSE:HESM), downgrading the stock from Overweight to Neutral, while increasing the price target to $27 from $25. The revision followed Hess (NYSE:HES) Midstream\'s recent performance, which, despite falling slightly short of fourth-quarter expectations, saw the company forecast stronger-than-anticipated earnings for 2024. Hess Midstream\'s guidance...
On Friday, Stifel, a financial services firm, adjusted its stance on ALX Oncology shares, downgrading the biopharmaceutical company from a \"Buy\" to a \"Hold\" rating. The firm also increased the price target for ALX Oncology (NASDAQ:ALXO) to $14.00, up from the previous target of $10.00. The revision comes as the analyst assesses the market potential...
On Friday, JPMorgan has upgraded shares of General Electric (NYSE:GE) from Neutral to Overweight and has increased the price target to $180 from the previous $166. The firm recognizes GE\'s significant outperformance in the market year-to-date, acknowledging that while the move may seem counterintuitive after such a strong rally, they believe the company\'s fundamental strengths...
The ongoing rally in the US equity market is being led by its biggest players, with the top 10 US stocks now comprising 33% of the S&P 500\'s market cap, driving the index up by 30% over the past year. However, this concentration has caused concern among investors, particularly about the substantial market concentration relative...