STX

Stocks gain, shrugging off latest policymaker inflation concerns

Stocks gain, shrugging off latest policymaker inflation concerns

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Shanghai Composite index, Nikkei index and Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, March 7, 2022. REUTERS/ Kim Kyung Hoon Register now for FREE unlimited access to Reuters.com register LONDON, Aug 18 (Reuters) – …

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Bed Bath & Beyond leads revival in breast stocks’ rally

A person exits a Bed Bath & Beyond store in Manhattan, New York City, US, June 29, 2022. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com register Aug 17 (Reuters) – Shares of Bed Bath & Beyond Inc (BBBY.O) jumped 23% on Wednesday, leading a surge in meme stocks again as individual …

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Wall St falls as growth stocks slide, Target weighs on retail shares

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, August 15, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com register US retail sales flat in July; core sales rise Retailer Target’s quarterly profit slumps Indexes down: Dow 0.57%, S&P 0.79%, Nasdaq 1.17% Aug 17 …

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China takes steps to support some property developers, boost demand in economy

Surveillance cameras are seen near residential buildings under construction in Shanghai, China July 20, 2022. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com register HONG KONG, Aug 16 (Reuters) – China will guarantee new onshore bond issues by a few select private developers to support its embattled property sector, sources said on Tuesday, …

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Dow, S&P 500 climb as upbeat results from Walmart, others boost optimism

Walmart sees smaller profit drop this year Home Depot beats sales estimates US Treasury yields rise Indexes: Dow up 0.7%, S&P 500 up 0.2%, Nasdaq down 0.2% NEW YORK, Aug 16 (Reuters) – The Dow and S&P 500 rose on Tuesday as stronger-than-expected results and outlooks from Walmart and Home Depot bolstered views on the …

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Meme stock Bed Bath & Beyond soars after investor Ryan Cohen’s latest bets

Signage is seen at a Bed Bath & Beyond store in Manhattan, New York City, US, June 29, 2022. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com register Aug 16 (Reuters) – Shares of Bed Bath & Beyond Inc (BBBY.O) surged 60% to a near five-month high in volatile trading on Tuesday, …

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US housing starts near 1-1/2-year low; factory output rebounds

Housing starts drop 9.6%; building permits fall 1.3% Single-family starts tumble 10.1%; permits drop 4.3% Housing construction backlog rises 5.0% Manufacturing production rebounds 0.7% WASHINGTON, Aug 16 (Reuters) – US homebuilding fell to the lowest level in nearly 1-1/2 years in July, weighed down by higher mortgage rates and prices for construction materials, suggesting the …

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Investors no longer ‘apocalyptically bearish’, Bank of America poll says

LONDON, Aug 16 (Reuters) – Investors are still bearish but no longer “apocalyptically” so, according to Bank of America’s (BofA) monthly survey of global fund managers in August, as hopes rise inflation and interest rates shocks will end in the coming quarters BofA, which polled investors overseeing $836 billion in assets between Aug. 5-11, said …

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Stocks drift, dollar firms as growth fears stifle sentiment

European stocks edge up 0.3% on defensive names Markets overall subdued amid China, US growth fears Dollar gains as investors seek safety LONDON, Aug 16 (Reuters) – European stocks crept sluggishly higher on Tuesday as investors sought safety in defensive names, while risk aversion likewise lifted the safe haven dollar following weak Chinese and US …

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Exclusive: Tencent plans to divest Meituan stake worth $24 billion

Tencent seeks to kick off Meituan stake sale this year-sources Sale seeks to placate regulators, monetise 8-year-old bet-sources Stake sale likely to be done as a block trade – sources Move comes after Tencent’s divestments of JD.com, SEA stakes Meituan shares sink 10%; Tencent shares recover HONG KONG, Aug 16 (Reuters) – China’s Tencent Holdings …

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