German stocks fell notably on Friday as signs of deepening Sino-U.S. trade tensions along with uncertainty over U.S. President Joe Biden\'s path to victory in the presidential race sapped investors\' appetite for risk. A lack of Chinese stimulus measures to revive growth and a widespread Microsoft outage that hit services from airlines, banks and financial...
Netflix Inc. has phased out its basic ad-free streaming plan in the United States and France on the success of its ad-supported offering. The move comes as solid growth in its global memberships and strong second-quarter results benefited the streaming media major to issue significantly positive third-quarter outlook and to hike fiscal 2024 revenue and...
French stocks drifted lower on Friday as U.S.-China tensions persisted and China\'s ruling Communist Party ended a top-level meeting without offering details to address economic difficulties. According to media reports, the U.S. was considering stricter trade restrictions against China, especially the country\'s technology and chipmaking sectors. A widespread Microsoft outage that hit services from airlines,...
U.K. stocks declined on Friday as lower commodity prices due to the lack of Chinese stimulus measures dragged resource stocks. Meanwhile, despite an improvement in consumer sentiment, U.K. retail sales logged a notable decline in June amid election uncertainty and poor weather, data showed. Retail sales decreased 1.2 percent month-on-month in June, in contrast to...
European stocks fell on Friday to hit a two-week low as falling commodity prices and a global tech sell-off dented sentiment. A host of factors such as deepening Sino-U.S. trade tensions, lingering uncertainty over U.S. President Joe Biden\'s path to victory in the presidential race, a lack of Chinese stimulus measures to revive growth and...
The Thai stock market has moved lower in consecutive trading days, slumping more than 10 points or 0.7 percent along the way. The Stock Exchange of Thailand now rests just above the 1,320-point plateau although it may stop the bleeding on Wednesday. The global forecast for the Asian markets is upbeat on solid earnings news...
Indian stock markets remain closed today on account of the Muharram festival. Benchmark indexes Sensex and Nifty ended marginally higher on Tuesday, giving up early gains. The rupee settled marginally higher at 83.58 against the dollar. Asian markets were mostly higher this morning after U.S. shares advanced to fresh highs overnight on hopes for a...
Cognizant (CTSH) announced Wednesday a five-year strategic collaboration with asset management firm Victory Capital Holdings, Inc. (VCTR). Cognizant anticipates providing Victory Capital with technology infrastructure, security, and data and analytics capabilities, which will include infrastructure management, security engineering, a 24/7 security operations center, and a comprehensive service desk, which will provide infrastructure and application monitoring...
Canadian shares are likely to open weak on Wednesday, weighed down by lower oil prices, disappointing guidance from Dutch semiconductor firm ASML, and geopolitical concerns. Fears that Donald Trump\'s return to the White House would herald more inflation and higher interest rates may also weigh on the market. Trump, who is the Republican presidential candidate,...
Community Trust Bancorp, Inc. (CTBI) reported Wednesday net earnings for the second quarter of $19.50 million or $1.09 per share, edging up from $19.40 million or $1.08 per share in the prior-year quarter. Net interest income for the quarter grew to $45.68 million from $43.08 million last year and noninterest income increased to $15.71 million...