Many investors think the way is clear for a year-end rally. Some, however, are urging traders not to count out a fourth quarter pullback. “Lots of people will say, ‘it’s like the market never sells off in the fourth quarter.’ If you have momentum going into the fourth quarter, you’re going to maintain it,” said Marta Norton, chief investment strategist at Empower Investments. “[Except] it actually does. … It never sells off until it does, right?” There’s reason for investor optimism. The Federal Reserve has shifted to easing interest rates; the worst of the tariff announcements has passed, and seasonals…
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Shares of H&M jumped on Thursday after the high street retailer posted better-than-expected results in the fiscal third quarter, and its turnaround strategy showed signs of gaining pace.Shares were up 10% by 8:48 a.m. London time (3:20 a.m. ET).Operating profit at the fashion retailer rose 40% year-on-year to 4.9 billion Swedish krona ($522 million), ahead of the 3.7 billion Swedish krona forecast by analysts in an LSEG poll.Net sales over the period, meanwhile, came in at 57 billion Swedish krona in the three months to August, versus the 56.8 billion expected.This is a developing story. Please check back for updates. Source…
Key PointsInvestors said Indian valuations have become cheaper compared to other emerging markets, and the domestic economic outlook is improving.”We think Indian equities now look attractive on a regional basis and upgrade the market to overweight (from neutral),” HSBC analysts said. Market participants said the 50% tariffs imposed on Indian exports to the U.S. are unlikely to have a significant impact on the market. Investors are turning more bullish on Indian stocks — which have underperformed other emerging markets over the last year — as the recent correction in valuations and more promising macro conditions make it look more attractive…
Traders work on the floor of the New York Stock Exchange during morning trading on Sept. 17, 2025 in New York City. Michael M. Santiago | Getty Images Individual equities and separate sectors popped Wednesday, but collectively, their moves weren’t forceful enough to lift indexes.Beleaguered American chipmaker Intel is finding itself in slightly less prickly situations lately. Its shares jumped 6.4% Wednesday on reports that it is seeking an investment from Apple — which would form a ménage à trois with Nvidia and the U.S. government.Still, the Nasdaq Composite lost 0.34% as major artificial intelligence names such as Nvidia and…
Europe-listed stocks listed are expected to open in mixed territory on Thursday, as investors await the latest U.S. jobs data.Futures tied to the FTSE 100 were last seen trading 0.2% lower, while those linked to the German DAX index and France’s CAC 40 were flat.On Thursday, the U.S. Labor Department will release its latest weekly jobs data. Federal Reserve Chair Jerome Powell said on Tuesday that the cooling labor market was overriding concerns about sticky inflation, prompting the central bank’s first interest rate cut of the year.Back in Europe, investors will be monitoring French and German consumer confidence reports, along…
The Roche Holding AG headquarters on April 11, 2025, in Basel, Switzerland.Sedat Suna | Getty Images News | Getty ImagesSwiss pharmaceutical firm Roche is targeting becoming a top three obesity player globally, posing a potential rival to heavyweights Novo Nordisk and Eli Lilly as it advances one of its experimental weight-loss drugs to a late-stage trial.”I want you to know that I am serious about this goal,” Teresa Graham, CEO of Roche Pharmaceuticals, told investors and analysts on at Roche’s Pharma Day in London on Monday.”We know how to break into new markets,” she added.The drugmaker said earlier this week…
Sales of newly built homes rose a much larger-than-expected 20.5% in August compared with July to the highest level since January 2022, according to the U.S. Census. It is also the largest one-month gain since August 2022. Sales were 15.4% higher than August 2024.This count is based on people out shopping in August and signing deals, when the average rate on the 30-year fixed mortgage was higher than it is today. That rate started August at 6.63%, according to Mortgage News Daily, and didn’t really move much during the month.The sharp decline in rates began in September, when it fell…
The City of London financial district at sunrise.Alexander Spatari | Moment | Getty ImagesBank chiefs in London are calling for greater policy clarity and stability amid fears that looming tax hikes in the forthcoming U.K. budget could hit the financial services sector.Speaking with CNBC’s Steve Sedgwick and Ritika Gupta in London’s Canary Wharf district on Wednesday, CEOs from Barclays, Citi and J.P. Morgan said the U.K. had successfully weathered the upheaval brought about by U.S. President Donald Trump’s tariff turmoil in April, with financial services since seeing stronger corporate profitability and an improved deal-making environment.However, they also expressed caution ahead…
Light uses artificial intelligence to automate companies’ finance and accounting functions.LightDanish startup Light is the latest in a series of European tech firms raising cash as venture capitalists search for the next big thing in artificial intelligence.Founded in 2022, Light develops software that uses AI to automate various functions that exist within businesses’ finance teams, including accounting, bookkeeping and financial reporting.The Copenhagen-headquartered company told CNBC that it had raised $30 million in a Series A funding round led by Balderton Capital, an early investor in fintech unicorns Revolut and GoCardless.Atomico, Cherry Ventures, Seedcamp and Entrée Capital also invested in the…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s Kristina Partsinevelos discusses a Bloomberg report about how Intel is seeking an investment from Apple as part of its comeback bid.03:10Wed, Sep 24 20255:19 PM EDT Source link
