Articles

SAP shares surge as job-cut plan now seen impacting up to 10,000 workers

The German tech giant said its expanded restructuring plan will boost its profits by an extra €200 million

Treasury yields steady as traders await fresh catalysts, eye looming inflation data

Government bond yields were little changed early Tuesday as investors awaited economic updates in coming sessions, including a second-quarter GDP report on Thursday and Friday’s PCE inflation data.

Porsche warns on profits due to aluminum shortage

Shares of sportscar maker Porsche slumped on Tuesday after a profit warning, which the group blamed on a supply shortage of specialist aluminum alloys.

Wiz will focus on IPO after rebuffing $23 billion Google deal: reports

Google’s talks to buy cloud-security startup Wiz Inc. for $23 billion have fallen through, according to multiple reports Monday night.

More than 100 workers walk off job at Amazon air hub, Teamsters say, in wake of record Prime Day

Workers at a key Amazon.com Inc. air-shipping hub in Southern California walked off the job over the weekend, the Teamsters union said Monday, in response to what the group said was retaliation from the online retailer against workers for organizing.

Ethereum ETFs arrive Tuesday. Here’s what you need to know before trading.

Several issuers have received approval from the U.S. Securities and Exchange Commission to launch exchange traded funds investing directly in ether, the first such products in the market.

Is Broadcom’s stock benefiting from Nvidia ‘fatigue’?

Nvidia shares still garner the most positive reception, but Broadcom “is catching up” in terms of sentiment, according to Citi

Politics could start to matter to markets again as Election Day nears. Here’s what investors will be watching.

President Joe Biden’s decision not to seek a second term has upended the calculus for this year’s election, market strategists said. It doesn’t appear to be having much of an effect on markets, at least not yet.

Do political headlines really matter for the stock market?

Newsworthy political developments aren’t the same as fundamental changes that can drive rotations in the stock market, say Wells Fargo strategists.

Higher- and low-income people both got free monthly cash payments. This is how they spent it differently.

Higher-income and low-income earners both got UBI for three years. New research shows how they spent their cash payments differently

Don’t listen to those promoting a ‘Trump trade’ on Fannie Mae, Freddie Mac stock: analyst

Fannie Mae and Freddie Mac shares have both rallied in anticipation of privatization.

Mattel’s stock rallies on news of acquisition offer as Hasbro may enter the fray

Shares of Mattel Inc. jumped on Monday on a report saying that the private-equity firm L Catterton had come forward with an offer to acquire the toy maker — a move one analyst said wasn’t surprising given a long slump in the company’s stock price.
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