Month: November 2024

Walmart will introduce new financial incentives for independent delivery drivers to collect online orders from U.S. stores and deliver them to customers during the holiday season, the retailer told Reuters. This initiative is part of Walmart’s strategy to boost sales among higher-income households and compete with e-commerce giant Amazon.com, which…

On Thursday, the Federal Reserve lowered interest rates by a quarter percentage point, with policymakers now preparing for potential economic shifts as President-elect Donald Trump assumes office next year. Fed Chair Jerome Powell noted that Tuesday’s presidential election, which brought in a president-elect committed to widespread immigration deportation, broad tariffs,…

Bain Capital-backed Kioxia filed a registration statement on Friday, allowing the Japanese chipmaker to gauge investor interest for an upcoming initial public offering (IPO). Kioxia’s filing signals its aim to proceed with an IPO between December and June 2025, with December as the target, according to two insiders. Last month,…

The chances of a quick recovery in the $28-trillion U.S. bond market are diminishing as Donald Trump’s potential return to the White House could bring more expansive fiscal policies, which may limit the Federal Reserve’s ability to cut rates further. Although the Fed recently lowered rates, expectations of tax cuts…

Gold prices dipped in Asian trading on Friday, showing little recovery despite a pullback in the dollar following the Federal Reserve’s interest rate cut. Markets were also processing the implications of a potential second Donald Trump presidency.  The yellow metal had been pressured earlier in the week by a sharp…

US stock index futures rose on Thursday, building on the positive momentum following Donald Trump’s victory in the 2024 presidential election, with attention now turning to the upcoming Federal Reserve meeting. As of 06:20 ET (11:20 GMT), Dow Jones Futures were up by 75 points, or 0.2%, S&P 500 Futures…

The U.S. Federal Reserve is expected to cut its benchmark policy rate by 0.25 percentage points at the conclusion of its meeting on Thursday, but the move could seem secondary in light of the uncertain economic landscape the central bank will likely face under a second Trump administration. Donald Trump’s…

Wizz Air reported a larger-than-expected decline in first-half net profit on Thursday, primarily due to ongoing issues with engine inspections that grounded its Airbus fleet and the impact of the Middle East conflict. The airline, which operates an entirely Airbus fleet, has faced disruptions linked to Pratt & Whitney in …

Lyft raised its full-year guidance on Wednesday after reporting third-quarter revenue that surpassed analysts’ expectations. Shares of LYFT Inc. (NASDAQ: LYFT) surged more than 20% in premarket trading on Thursday. For the quarter ending September 30, Lyft posted a loss of $0.03 per share, in line with analyst forecasts, but…

Citi analysts believe Japanese stocks, which have underperformed their global counterparts recently due to rising political uncertainty and an unclear outlook for the Bank of Japan, are now attractively priced.  Despite these challenges, Citi expects a rally in the Japanese market through the end of the year, driven by strong…