By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Asian markets open on Tuesday still reeling from a wild session on Monday that saw Japan’s second-biggest stock cra[...]
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August 5, 2024
US bank stocks tumble; weak economic data sparks recession fears
By Manya Saini and Saeed Azhar (Reuters) -U.S. bank stocks slumped on Monday as fears of a recession sent investors fleeing from a sector closely tied to the health of the economy and toward safe-have[...]
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Novartis, Viatris face new lawsuit over ‘HeLa’ cell misuse claims
By Blake Brittain (Reuters) – Novartis and Viatris were hit with a federal lawsuit in Maryland on Monday by the family of a woman whose tissue cells were taken from her body in the 1950s and use[...]
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CrowdStrike is sued by fliers after massive outage disrupts air travel
By Jonathan Stempel (Reuters) – CrowdStrike’s legal troubles from last month’s massive global computer outage deepened on Monday, as the cybersecurity company was sued by air travele[...]
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Wall Street ‘fear gauge’ logs record jump as investors bet on more turbulence
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Wall Street’s most-watched gauge of investor anxiety logged its largest ever intraday jump on Monday and closed at its highest since October 2020,[...]
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Stocks sink with dollar, Treasuries volatile on recession fears
By Sinéad Carew and Nell Mackenzie NEW YORK/LONDON (Reuters) -Equities suffered heavy losses around the globe on Monday as Wall Street added to a rout that started in Japan, while the dollar tumbled a[...]
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Spirit Aero losses more than double as 737 output drops, A220 woes linger
(Reuters) -Spirit AeroSystems said on Monday its quarterly losses more than doubled as 737 fuselage shipments to its biggest customer Boeing fell and losses mounted on its Airbus A220 program. Net los[...]
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CSX beats second-quarter profit on better volumes, strong pricing
(Reuters) – U.S. railroad operator CSX narrowly beat second-quarter profit estimates on Monday, helped by higher shipment volumes and robust pricing, sending its shares up 5% after the bell. Imp[...]
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US bond yield drop suggests lower mortgage rates may be coming
By Makailah Gause NEW YORK (Reuters) – The financial market upheaval of the last several days may soon offer a silver lining to millions of U.S. households: Mortgage rates look set to fall furth[...]
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