Stage set for AI-led tech rally into year-end, Wedbush says
Tech stocks are poised for a double-digit rally by year-end, followed by an even stronger bull run in 2025, Wedbush analysts said Sunday. After spending several weeks in Asia, Wedbush…
Labor data to be biggest equity market driver in next 3-6 months: Morgan Stanley
Investing.com — Prior to the last Federal Reserve meeting, Morgan Stanley said they had considered the best short-term scenario for equities to be a 50bp rate cut by the Fed,…
Chinese investors rush into stocks for fear of missing out on epic rally
By Samuel Shen and Summer Zhen SHANGHAI/HONG KONG (Reuters) – Animal spirits are back in China’s stock market as investors rush into equities, galvanized by Beijing’s policy bonanza and driven…
European carmakers warn on profits as sector grapples with weak demand, rising costs
By Nick Carey LONDON (Reuters) – European carmaker Stellantis (NYSE:STLA) joined on Monday bigger rival Volkswagen (ETR:VOWG_p) and others in warning about the worsening outlook for auto demand and rising…
AT&T sells stake in DirecTV to TPG for $7.6 billion
(Reuters) – AT&T (NYSE:T) said on Monday it would sell its 70% stake in satellite TV service DirecTV to private equity firm TPG for $7.6 billion, exiting a business marked…
Global equity fund inflows rebounded sharply in September: HSBC
Investing.com — HSBC analysts said in a note Monday that global equity fund inflows have rebounded sharply in September, driven by recent rate cuts and larger-than-expected stimulus from China. According…
Verizon nears deal to sell towers to Vertical Bridge, Bloomberg News reports
(Reuters) – Verizon Communications (NYSE:VZ) is in advanced talks to sell thousands of mobile phone towers to digital infrastructure firm Vertical Bridge, Bloomberg News reported on Monday, citing people familiar…
Inflows into equity funds showing no signs of letting up – Deutsche Bank
Investing.com — Inflows into equity funds clocked $25.4 billion last week and are showing no signs of letting up, according to analysts at Deutsche Bank. In a note to clients, the…
Morning Bid: Powell to close out Q3, China stocks boom 8%
A look at the day ahead in U.S. and global markets from Mike Dolan The final day of another punchy quarter for U.S. stocks has proven a more volatile affair…
Epic Games accuses Samsung, Google of scheme to block app rivals
By Mike Scarcella and Supantha Mukherjee (Reuters) – “Fortnite” video game maker Epic Games on Monday accused Alphabet (NASDAQ:GOOGL)’s Google and Samsung (KS:005930), the world’s largest Android phone manufacturer, of…