Traders react as Federal Reserve Chair Jerome Powell is seen delivering remarks on a screen, on the floor of the New York Stock Exchange (NYSE) in New York City, March 22, 2023. Brendan McDermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to … Read more
Check out the companies making headlines in midday trading. Nvidia â Nvidia fell 2% during midday trading and built on Tuesday’s more than 4% loss ahead of its quarterly print after the bell. Investors will be closely watching the chipmaker’s results for insights into how long its massive growth cycle can go. SolarEdge Technologies â … Read more
Traders work on the floor at the New York Stock Exchange on Feb. 7, 2024. Brendan Mcdermid | Reuters U.S. stocks ticked down for a third day in a row Wednesday as traders looked ahead to Nvidia’s latest quarterly earnings report. The Dow Jones Industrial Average traded 111 points lower, or 0.3%. The S&P 500 … Read more
Patrons shop for produce at a Mr. Pina Market in the Brooklyn borough of New York, US, on Tuesday, Dec. 26, 2023. Victor J. Blue | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to … Read more
Customers use automated teller machines (ATM) at an HSBC Holdings Plc bank branch at night in Hong Kong, China, on Saturday, Feb 16, 2019. Anthony Kwan | Bloomberg | Getty Images HSBC reported on Wednesday its full year 2023 pre-tax profit climbed about 78% to $30.3 billion from a year ago, missing median estimates of … Read more
Investment bank Jefferies has revealed its top stock picks that are exposed to major themes like innovation, new products, and emerging markets. The table below highlights five of its “Top Picks” with the biggest upside potential. Prudential Jefferies said Prudential , a U.K.-listed life insurance provider focused on Asia, has seen its sales bounce back … Read more
Aaron P | Bauer-Griffin | GC Images | Getty Images HSBC has been fined 57.4 million pounds ($73 million) for “serious failings” in protecting some depositors over several years, in the first penalty of its kind under British rules designed to protect customers if banks fail. The Bank of England’s Prudential Regulation Authority (PRA) said … Read more
SUIXI, CHINA – DECEMBER 30: An employee works on the production line of aluminum foil at a workshop of Anhui Limu New Material Technology Co., Ltd on December 30, 2023 in Suixi County, Huaibei City, Anhui Province of China. (Photo by Li Xin/VCG via Getty Images) Vcg | Visual China Group | Getty Images Global … Read more
U.K. mortgage rates are falling as markets anticipate the Bank of England will start cutting interest rates toward the middle of the year — but uncertainty is likely to continue to dent buyer confidence. HSBC announced cuts beginning Thursday on its residential mortgage interest rates, with several falling below 5% for the first time since April … Read more
The HSBC Holdings Plc headquarters building in Hong Kong, China. Paul Yeung | Bloomberg | Getty Images LONDON — Markets have entered a “new paradigm” as the global order fragments, while heightened recession risk means that “bonds are back,” according to HSBC Asset Management. In its 2024 investment outlook, seen by CNBC, the British lender’s … Read more
