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Dollar hits 16-month high; tech woes crunch stocks
The U.S. dollar surged on Monday to its highest point in 16 months against a basket of currencies and world stocks fell broadly amid concern about political risks in Europe, while U.S. and European technology shares were hammered. Major...
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Bookmaker PointsBet Goes All In on NFL Great Darrelle Revis
Super Bowl Champion Darrell Revis is now the face of online bookmaker PointsBet's digital sportsbook, launching later this month. Revis and PointsBet CEO Johnny Aitken told Cheddar how they're trying to educate consumers about legal...
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European stocks hit two-week low as sell-off leaves few sectors unscathed
European shares sank to their lowest in two weeks on Wednesday after data that showed the German and Japanese economies contracting in the third quarter fuelled worries about global growth amid a plunge in oil prices. The pan-European...
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UK housebuilder, retailer, bank shares sink on Raab resignation
Brexit-sensitive UK stocks and sectors were hit hard on Thursday by the resignation of UK Brexit minister Dominic Raab, a blow to Prime Minister Theresa May as she seeks to secure cabinet and parliamentary support for her draft Brexit...
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European shares march higher as miners rally on fresh trade war hopes
European shares marched higher on Thursday as oil prices stabilised and mining stocks rallied on hopes that China and the United States may reach a rapprochement to end their long-running trade spat, offsetting bad news in the tech...
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Industry giants say Canada's oil price woes reaching 'emergency situation'
Canadian drivers are seeing the lowest prices for gasoline in months, as a slump in the price of crude oil has hit gas stations. That slump though has been a big blow for the industry as the price of oilsands crude has fallen to a record...
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European shares bounce back from Brexit bruising
European shares recovered on Friday as investors licked their wounds after a tumultuous week and strong results from Vivendi boosted the media sector. The pan-European stocks index was still on course for a weekly loss after two straight...
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Take Five: Black Friday shoppers to Brexit wreckage, world markets themes for the week ahead
Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. 1/A (BREXIT) RECKONING Prime Minister Theresa May's long-awaited Brexit deal triggered a wave...
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Oil rises on expected OPEC cut, but markets remain wary
Oil prices rose on Monday as traders expected top exporter Saudi Arabia to push producer club OPEC to cut supply towards the end of the year. Despite that, market sentiment remains weak on signs of a demand slowdown amid deep trade...
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Miners drive European stocks up on trade war hopes, Renault falls
European shares started the week on the front foot, against spreadbetters' early expectations for a fall, as signs of an easing in U.S.-China trade war tensions boosted mining and technology stocks. Miners drove the lion's share of gains...
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Nissan shares set to tank on Ghosn's arrest over financial misconduct
Shares of Nissan Motor Co were overwhelmed with sell orders on Tuesday, a day after the arrest of Chairman Carlos Ghosn sent shockwaves through the business world and threw into doubt the future of Japan's No.2 automaker and its global...
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FTSE hits three-week low as investors dump banks, mining stocks
UK shares fell to three-week lows as investors dumped financial and mining stocks amid renewed fears about Brexit and Rome's budget showdown with Brussels and a sell-off across Asia and Wall Street in tech stocks knocked confidence. The...
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Sterling hits two-week peak on smooth Brexit hopes; Asian shares seen jittery
The British pound jumped to a two-week high on Monday on hopes Britain was inching closer to a smooth Brexit, while Asian stocks will likely have a nervous start amid worries about shaky Sino-U.S. trade relations. With just five months...
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Wall Street Watches Election: 'It Doesn't Matter Who Wins This Thing'
Securities America investment adviser John Grace told Cheddar that regardless of the outcome of the midterm elections on Tuesday, the markets historically see an uptick.
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Wall Street Watches the Election: 'It Doesn't Matter Who Wins This Thing'
No matter how different Congress may look on Wednesday, the markets ー especially the S&P ー will be up a year from now, Securities America investment adviser John Grace told Cheddar Tuesday.
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Investors punish earnings misses as European stocks dip in cautious trading
European shares dipped on Tuesday as investors continued to harshly punish companies that missed expectations like Pandora, William Hill and Morrisons, while caution prevailed ahead of the U.S. midterm congressional elections. The...
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Ray Dalio on the Economy: 'The Real Issue Will Be the Next Presidential Election'
Midterms may have spooked the markets in October, but billionaire hedge fund-owner Ray Dalio told Cheddar the most dramatic season is yet to come for the economy.
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Expect the Markets to Cool in the Next Congress: JPMorgan Strategist
The Dow Jones Industrial Average closed 500 points higher on Wednesday, following a Midterm election that returned the U.S. House to Democratic Party control. But Samantha Azzarello, global market strategist for JPMorgan ETFS, told...
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European shares hit one-month high as banks, Sodexho shine
European shares rallied to one-month highs on Thursday, extending gains following the U.S. midterm elections, as strong results from SocGen and Commerzbank and France's Sodexho soothed concerns about slowing corporate earnings. The...
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Bombardier to cut 5,000 jobs, shares dive on cash flow concerns
Bombardier Inc on Thursday agreed to sell two of its units for around $900 million and cut 5,000 jobs to focus on business jets, but its shares fell as much as 26 percent on a disappointing free cash flow forecast. The Canadian plane and...
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Samsung's Catalyst Fund Is on the Hunt
Shankar Chandran, managing director of Samsung Catalyst Fund, told Cheddar at the Web Summit that Samsung is always looking for the next "trillion-dollar opportunity." The gold rush in Silicon Valley is all about data and A.I. now, he said.
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Samsung's Catalyst Fund Is on the Hunt for the Next Big Thing
Shankar Chandran, managing director of Samsung Catalyst Fund, told Cheddar at the Web Summit that Samsung is always looking for the next "trillion-dollar opportunity." The gold rush in Silicon Valley is all about data and A.I. now, he said.
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HSBC helps boost FTSE as markets recover from sharp falls
LONDON (Reuters) - Britain's top share index rose robustly on Monday as HSBC led a rally in banking stocks after strong results, and investors awaited Chancellor Philip Hammond's annual budget. Hammond, who delivers the budget at 1530...
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European stocks bounce back on Italy relief, China growth worries linger
Concern over China’s slowing economy dented U.S. stock futures and kept world stocks under pressure on Monday although European shares climbed thanks to encouraging earnings reports and relief that Italy dodged a ratings downgrade. The...