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Financial News Around the World

Buy this ‘recession-resistant’ auto retail stock, Citi says

The bank upgraded the auto parts retailer to buy and raised its price target to $1,040 per share from $983.

Published 5 October 2023
Categorised as Finance News

UK’s Metro Bank shares suspended multiple times after plunging more than 25%

Shares of Britain’s Metro Bank suspended trading Thursday after tanking more than 29% amid reports that it was trying to raise £600 million ($727 million) in debt and equity.

Published 5 October 2023
Categorised as Finance News

Asia’s edge isn’t just cheap labor, whether it’s China, India or Japan, KKR says

That investment conclusion comes after a trip to the region by New York-based Henry H. McVey, KKR’s head of global macro and asset allocation.

Published 5 October 2023
Categorised as Finance News

KeyBanc downgrades Apple to sector weight. Here’s what the pros say

Pros on CNBC discussed Apple after KeyBanc downgraded the iPhone maker to sector weight from overweight late Tuesday.

Published 4 October 2023
Categorised as Finance News

House Republicans push IRS for answers on processing pause for small business tax credit

House Republicans are pressing the IRS for answers after the agency paused processing new employee retention tax credit claims. Here’s what to know.

Published 4 October 2023
Categorised as Finance News

Stocks making the biggest moves midday: Sunnova Energy, Cal-Maine Foods, Marathon Petroleum and more

These are the stocks posting the largest moves in midday trading.

Published 4 October 2023
Categorised as Finance News

These stocks are close to forming the dreaded ‘death cross’ — including McDonald’s and Wells Fargo

CNBC Pro found just under 20 stocks, from financial giants to restaurant operators, that are close to forming a death cross.

Published 4 October 2023
Categorised as Finance News

Private payrolls rose 89,000 in September, far below expectations, ADP says

The total was down from an upwardly revised 180,000 in August and below the 160,000 estimate from Dow Jones.

Published 4 October 2023
Categorised as Finance News

Stocks making the biggest moves premarket: Cal-Maine Foods, Intel, Apple & more

These are the stocks posting the largest moves in premarket trading.

Published 4 October 2023
Categorised as Finance News

Bond yields could race through 5% in next couple of weeks, market forecaster Jim Bianco warns

“I don’t think we’re near the end of this move in the bond market,” the Bianco Research president told CNBC’s “Fast Money” on Tuesday.

Published 4 October 2023
Categorised as Finance News

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