market
New York (AFP) - Shares of social media company Reddit soared nearly 50 percent on the New York Stock Exchange Thursday in a buoyant market debut that raised hopes about the IPO market. The company, which trades under the ticker RDDT, finished at $50.44, up 48.4 percent from its initial public offering price, lifting the valuation to around $8 billion. The hot trading debut came after the company's IPO priced at the upper end of the range, raising a bit more than $500 million. Market watchers were not sure what to expect from Thursday's start given Reddit's record of annual losses and skeptici...
AFP
New York (AFP) - Gold prices and bitcoin hit all-time highs Tuesday before paring some gains, while a sell-off in some tech stocks led to a slump in many stock markets around the world. On Wall Street, the Dow and the S&P 500 both finished 1.0 percent lower, while the tech-rich Nasdaq composite ended the day down 1.7 percent, pulled down by firms including Apple and Tesla. Despite the gloomy trading day in New York, US stock indices are still up sharply on the year. Kurt Spieler, chief investment officer at FNBO, told AFP he thinks US markets can still climb slightly higher in the short term, ...
AFP
Washington (AFP) - The status of the US dollar as the world's reserve currency is likely to continue, despite threats posed by China's rise and the growth of cryptocurrencies, a US Federal Reserve official said Thursday. The dollar continues to be the most widely used currency for international transactions, and is top among the notes held by foreign investors as a store of value, Fed Governor Christopher Waller told a conference in the Bahamas, according to prepared remarks. "By standard measures of an international currency's use, there has not been any notable erosion in the dollar's domina...
AFP
New York (AFP) - US securities regulators gave the green light Wednesday to a group of bitcoin exchange-traded funds, a keenly anticipated decision expected to boost the cryptocurrency. Regulators approved proposals for 11 ETFs to list on leading exchanges including the New York Stock Exchange "on an accelerated basis," the Securities and Exchange Commission said in a 22-page order. ETFs are traded on public markets, granting investors exposure to price movements in asset prices without taking direct ownership of the underlying assets. The funds themselves, however, do invest in the digital cu...
AFP
New York (AFP) - US oil prices finished below $70 a barrel for the first time since July on Wednesday on a mixed day for global equities, as traders pondered hopes for interest rate cuts from the European Central Bank and the US Federal Reserve. West Texas Intermediate oil for delivery in January fell 4.1 percent to finish at $69.38 a barrel. The drop came as markets eyed signs of weakening demand amid skepticism that the OPEC + coalition's efforts will meaningfully restrain supply. Analysts have begun to consider the possibility that Saudi Arabia could abruptly decide to open the spigots, re...
AFP
New York (AFP) - A prolonged drought is shrinking livestock herds and driving beef prices to record highs in the US, even as consumption is growing stronger. These days, Mary Skinner is finding it harder to get her daily meat intake. "I have extreme need for protein and I need to eat meat that my doctor ordered," said the 69-year-old shopper outside Grand Central Market, in New York. "I used to be able to sometimes buy ribeye steak but... I'm now eating a lot more ground beef." The headline rate of inflation has slowed in recent months, with a 3.7 percent reading in September, year over year. ...
AFP
New York (AFP) - The surge in US treasury yields has sparked much anxiety among investors, in part because there is no easy explanation for the rise. On Friday, the yield on the 10-year US Treasury note climbed to 4.88 percent for the first time since 2007, while the 30-year offering reached 5.05 percent, also a 16-year peak. Both have edged back in recent days, due mainly to elevated geopolitical risk, analysts say, although yields remain high. The most oft-cited justification for the rise has been expectations that monetary policy will stay hawkish in response to the resilient US economy. "T...
AFP
New York (AFP) - Two visions of Sam Bankman-Fried, the disgraced crypto king, clashed in a New York courtroom on Wednesday in the opening arguments of his blockbuster trial for fraud. SBF, as he is known, "had wealth and power", but it was all "built on lies", prosecutor Thane Rehn said in his opening remarks. For the prosecution, the former crypto darling committed "massive fraud" by stealing money from the accounts of customers of his FTX exchange platform and using them for his own account, Rehn added. The 31-year-old was charged with seven counts of fraud, embezzlement and criminal conspi...
AFP
Paris (AFP) - The initial public offering of British chip designing giant Arm, announced on Monday, could signal a rebound in companies introducing their shares on stock markets after a year of relatively few such listings. Arm is a world leader in designing chips that are used in smartphones across the world and aims to be a major player in artificial intelligence (AI). In documents filed on Monday, Arm said it planned to list on the Nasdaq, seven years after quitting London's stock exchange after being purchased by Japan's SoftBank. The partial listing for an as yet undetermined number of ...
AFP
New York (AFP) - The surprisingly rapid implosion of Silicon Valley Bank has markets jittery over a potential sign of widespread turmoil, but analysts see only a limited risk of financial contagion. SVB's woes are the result of "idiosyncratic stresses and not one that we see as systemic that would affect the banking industry," said CFRA Research's Ken Leon, saying stricter US regulations enacted after the 2008 financial crisis have helped contain trouble. A note from analysts at Morgan Stanley put it simply, saying, "We want to be very clear here ... we do not believe there is a liquidity crun...
AFP
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら