Stock market today: Live updates

3 hours ago

European markets open higher

European markets opened higher on Wednesday after the Nasdaq’s record close, with the pan-European Stoxx 600 index rising 0.3%.

Britain’s FTSE 100 index rose 0.5% to 8,470, Germany’s DAX 0.3% to 18,781, France’s CAC 0.3% to 8,249 and Italy’s FTSE MIB 0.5%. to 35,315, according to IG data.

European markets

.FCHICAC 40 index8,212.37-1:43 p.m.-0.16%
.FTMIBMIB FTSE35,320.93+169.51+0.48%
.IBEXIBEX 35 Idx11,297.60+58.30+0.52%

7 hours ago

Rakuten shares fall 4% as company posts 15th straight quarter of losses

Shares of Rakuten Group fell 4% on Wednesday after the Japanese technology conglomerate reported a net loss for a 15th consecutive quarter.

The internet conglomerate’s financial results released Tuesday showed an operating loss of 25.4 billion yen between January and March.

The company said its mobile business posted a lower operating loss of 71.9 billion yen compared to last year, amid cost cuts and higher subscription growth.

The company’s financial unit, which includes online banking, brokerage, credit cards and insurance, saw operating profits rise 47% from the previous year to 39.3 billion yen.

—Charmaine Jacob

8 hours ago

Sharp shares fall 9% to one-month low after company posts $959 million annual loss

Shares of Sharp Corp plunged as much as 9.4% to their lowest level in almost a month after the electronics and LCD panel maker posted an annual loss.

The company reported a loss of 149.9 billion yen ($958.7 million) for the fiscal year ending March 2024. It had reported an annual loss of 260.8 billion yen the previous year.

Sharp said the loss was primarily due to impairment related to its Display Device segment.

“Net sales, operating profit and ordinary profit fell below previous forecasts due to weaker than expected demand for small and medium-sized displays for smartphones, PCs and tablets, as well as the delay of the recognition of patent income in the following financial year. “, the company said in a statement.

-Shreyashi Sanyal

9 hours ago

Australia announced its annual budget aimed at reducing the cost of living

The Australian government announced its annual budget on Tuesday evening, with measures aimed, among other things, at reducing the cost of living, building more housing and strengthening its health system.

“This budget strikes the right balance between maintaining inflationary pressure, lowering the cost of living, supporting sustainable economic growth and strengthening public finances,” said Jim Chalmers, Australia’s Treasurer. in a joint statement with Australian Prime Minister Anthony Albanese.

The government is forecasting a second surplus in 2023-24, “which would be the first time a government has generated back-to-back surpluses in almost two decades,” Chalmers said.

-Shreyashi Sanyal

11 hours ago

Justice Department says Boeing violated agreement protecting it from criminal charges in 737 Max crash

Shares of Boeing fell about 1% in extended trading after the Justice Department said the planemaker broke a 2021 agreement that shielded the company from criminal charges related to past 737 Max crashes.

The department said in a document that the company violated the agreement by “failing to design, implement and enforce a compliance and ethics program to prevent and detect violations of U.S. fraud laws in ‘all of its operations’.

Boeing will have 30 days to respond to this complaint and could be subject to legal action.

-Leslie Josephs, Samantha Subin

12 hours ago

Stocks make biggest moves after the bell

Here are some of the stocks that made the biggest moves after the bell:

  • Boot Barn — Western clothing and footwear stock slipped 7% after issuing weak revenue and profit forecasts for the full year.
  • Nextracker — Solar technology stock jumped 9%. Nextracker reported revenue of $737 million for the fiscal fourth quarter, beating LSEG’s estimate of $682 million.

Read the full list of moving stocks here.

-Samantha Subin

12 hours ago

Opening of stock futures little changed

News Source :
Gn bussni

Sara Adm

Aimant les mots, Sara Smith a commencé à écrire dès son plus jeune âge. En tant qu'éditeur en chef de son journal scolaire, il met en valeur ses compétences en racontant des récits impactants. Smith a ensuite étudié le journalisme à l'université Columbia, où il est diplômé en tête de sa classe.Après avoir étudié au New York Times, Sara décroche un poste de journaliste de nouvelles. Depuis dix ans, il a couvert des événements majeurs tels que les élections présidentielles et les catastrophes naturelles. Il a été acclamé pour sa capacité à créer des récits captivants qui capturent l'expérience humaine.
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