Category: Finance News

A television station broadcasts the Federal Reserve’s interest-rate cut on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Dec. 18, 2024. Michael Nagle | Bloomberg | Getty Images Wall Street’s fear gauge — the VIX — spiked by the second biggest percentage in…

Check out the companies making headlines before the bell. Micron — The chip stock plunged nearly 13% in premarket trading after the chipmaker issued weaker-than-expected second-quarter guidance. First-quarter revenue was inline with analysts’ expectations, while earnings topped estimates, however. Lamb Weston — Shares of the frozen potato maker sank 18% after…

This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in November. Text removed from the November statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined….

Workers setting up the TuSimple booth for CES 2022 at the Las Vegas Convention Center on Jan. 3, 2022. Alex Wong | Getty Images News | Getty Images Embattled Chinese autonomous trucking company TuSimple has rebranded to CreateAI, focusing on video games and animation, the company announced Thursday. The news…

U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., November 7, 2024.  Annabelle Gordon | Reuters The Federal Reserve on Wednesday projected only two quarter-point rate cuts in 2025, fewer than…

WASHINGTON – The Federal Reserve on Wednesday lowered its key interest rate by a quarter percentage point, the third consecutive reduction and one that came with a cautionary tone about additional reductions in coming years.  In a move widely anticipated by markets, the Federal Open Market Committee cut its overnight…

Check out the companies making headlines in midday trading. Nvidia – Nvidia shares popped more than 4%, reversing earlier week-to-date losses that pushed the stock briefly into correction territory. Shares have surged more than 175% since the start of 2024. General Mills — The consumer products maker slid 2.6% after…

Check out the companies making headlines before the bell. General Mills — The maker of consumer food products such as Cheerios and Cocoa Puffs sank 5% after trimming its outlook for 2025. General Mills said it now expects adjusted earnings per share to fall between 3% and 1%. The company…

To all our readers – thank you for your continued support in 2024 from the FinanceAsia team.  We would like to inform you of our limited news service and newsletter plans across the festive period.  Please note that the FA team will be operating at a reduced capacity and…

The Commerzbank AG headquarters, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024. Emanuele Cremaschi | Getty Images News | Getty Images Italy’s UniCredit said on Wednesday it has raised its potential stake in Commerzbank to 28% using further derivatives, as markets watch whether it will take…