Leon Neal Intel (NASDAQ:INTC) manufacturing plant in Chanler, Az. “is following plan” and is expected to become fully operational this year, UBS said, amid rumors that the semiconductor giant could…
Category: Stocks
Walmart shares are headed for a record high after earnings-beating Vizio acquisition deal
Walmart Inc. shares jumped further into record territory Tuesday amid a busy day for the discount retail giant, which reported a beat in earnings, confirmed a $2.3 billion deal for…
Here’s what to expect from Stock Story
Wingstop (WING) reports earnings tomorrow – here’s what to expect Fast food chain Wingstop (NASDAQ:) will report earnings tomorrow morning. Here’s what to expect. Wingstop posted revenue of $117.1 million…
EU launches formal investigation into TikTok for potential child protection violations
Sean Gallup/Getty Images News The European Commission has launched an investigation into TikTok, owned by ByteDance (BDNCE), into whether the Chinese-owned short video app follows online content rules aimed at…
China cuts mortgage rates by record amount to help struggling real estate sector
China made its biggest-ever cut to mortgage rates on Tuesday as authorities seek to support its struggling real estate sector, even as the response from stock markets was weak. The…
Oil hovers near 3-week highs on Middle East tensions and Chinese demand From Reuters
©Reuters. FILE PHOTO: Oil pump jacks, also known as thirsty birds, extract crude oil from the Wilmington Field oilfield area near Long Beach, California, July 30, 2013. REUTERS/David McNew/File Photo/File…
Barclays posts net loss in Q4 and announces £1bn share buyback; updates outlook for fiscal year 2024
Oli Scarff/Getty Images News Barclays press release (NYSE:BCS) reported a fourth-quarter net loss of £111m and updates its outlook for fiscal year 24. Q4 non-GAAP EPS of 4.20p. Group revenue…
Why Capital One plans to buy Discover in a megamerger of credit giants
Capital One Financial Corp. plans to buy Discover Financial Services in an all-stock deal that one analyst says would “effectively create the largest card issuer in the United States.” Capital…
Singapore air show kicks off amid travel recovery and supply constraints By Reuters
©Reuters. FILE PHOTO: An Airbus A350-1000 flies during an airborne display ahead of the Singapore Airshow at the Changi Exhibition Center in Singapore, February 18, 2024. REUTERS/Edgar Su/file Photo By…
China’s central bank unexpectedly cuts its benchmark lending rate by 25 basis points to 3.95%
February 19, 2024 9:47 pm ETKraneShares CIS China Internet ETF (KWEB), FXI, CQQQPGJ, EWH, CAFGXC, TDF, CHIQ, YINN, YANG, CHIX, MCHI, CXSE, ASHR, KBA, CWEB, KUREFrom: Gaurav Batavia, SA News…