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Global Stocks Collapse as Big Tech Earnings Disappoint

Global stocks tumbled on Thursday morning as chipmakers and other big tech companies reported disappointing earnings results that largely fell short of market expectations. The benchmark S&P 500 remained little changed after its 2.3% slump during the previous session. Nasdaq 100 futures edged 0.1%...

S&P 500 Rally Stalls Ahead of Earnings Season

U.S. stocks showed little movement on Tuesday as traders began to reflect on corporate financial results as earnings season gets underway. Investors are anxiously awaiting the corporate results of EV giant Tesla and Google parent company Alphabet Inc., both of which are set to...

Dollar Slips and Bonds Rise Following Biden Update

The U.S. dollar wavered on Monday morning while Treasury yields recovered and European stocks rose following President Joe Biden's announcement that he would be ending his re-election campaign. U.S. 10-year Treasuries declined three basis points to 4.21% while the benchmark Stoxx Europe 600 advanced by 0.6%,...

Interactive Brokers Lost $48 Million Due to NYSE Glitch

Brokerage firm Interactive Brokers revealed this week that the recent trading issues at the New York Stock Exchange caused it to incur a $48 million loss. The NYSE faced a software glitch in early June, which temporarily caused the shares of high-profile companies like restaurant...

BlackRock and Citadel Securities Plan to Set Up a Texas-Based Stock Exchange

A group led by investment company BlackRock and market-making firm Citadel Securities has recently unveiled plans to set up a new national stock exchange that would be based in Texas. According to a report by The Wall Street Journal, the Texas Stock Exchange (TXSE) aims...

Chinese EV Maker Zeekr Records a Strong NYSE Debut With 35% Jump From IPO Price

Chinese electric vehicle brand Zeekr had a stellar debut at the New York Stock Exchange (NYSE). After initial public offering at $21 per share under ticker ZK on Friday, the company’s stock jumped almost 35% to close at $28.26 by the end of the...