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Stocks News

Mexican stocks plunge over move to slash bank fees

Mexico - Mexico's main stock index plunged nearly six percent Thursday after President-elect Andres Manuel Lopez Obrador's party introduced legislation to dramatically slash the fees banks can charge clients.Dragged down by banking stocks, the BMV index slid 6....

Aurora Cannabis gets first permit to export medical pot to Poland

Aurora Cannabis has reason to celebrate today, Besides having a modest rally of 1.9 percent as they headed for their first gains since debuting on the NYSE. Aurora also announced they will begin exporting medical cannabis to Poland.

Canadian cannabis stocks continue to fall amid supply shortages

Alberta - Cannabis stocks continued a six-day rout on Tuesday as retailers in Canada faced shortages in the supply chain — with some licensed producers acknowledging they will not reach full capacity for months.

Deadline looms for Italy to ease EU budget concerns

Milan - A deadline loomed Monday for Italy to respond to EU criticism over its populist budget, which has drawn a costly downgrade from one credit agency amid fears for the wider eurozone.

Saudi stocks rebound after Khashoggi fallout

Apo - Saudi stocks made a strong comeback on Monday after days of heavy losses in economic fallout linked to political tensions over the disappearance of prominent journalist Jamal Khashoggi.The Tadawul All-Shares Index (TASI) surged 4.

Saudi Arabia vows retaliation if punished over missing critic

Dubai - Saudi Arabia warned Sunday it would retaliate against any sanctions imposed on the oil-rich kingdom over the disappearance of journalist Jamal Khashoggi, as the Riyadh stock market plunged on growing investor jitters.

Mnuchin plays down US market swoon as global rout rolls on

Nusa Dua - Wall Street's rout is a natural correction and not caused by any particular factors, US Treasury Secretary Steven Mnuchin said Thursday, after his boss Donald Trump hung blame for the losses on US interest-rate increases.

Tesla stocks tumble after SEC accuses Elon Musk of fraud

Shares of Tesla nosedived 12 percent in early trading Friday morning as Wall Street absorbs the implications of a lawsuit the Securities and Exchange Commission filed Thursday against CEO Elon Musk for defrauding investors.

German fintech pushes Commerzbank out of DAX 30

Frankfurt Am Main - Wirecard, a Bavarian start-up specialised in online payments, has nudged German giant Commerzbank out of the blue-chip DAX index, in the latest sign of plucky fintechs outshining traditional lenders.

Apple reaches new landmark with $1 trillion valuation

New York - Apple -- the culture-changing company behind the iPod, iPhone and iPad -- hit another milestone on Thursday, becoming the first private-sector company to surpass $1 trillion in market value.

Chinese president calls latest pharma scare "vile"

Chinese President Xi Jinping on Monday described a vaccine safety scandal as "vile" and "shocking" as police opened a criminal investigation into the firm responsible and its management.

Tesla shares tumble after Musk tweet controversy

New York - Tesla shares stumbled Monday as chief executive Elon Musk faced criticism over a public spat with a British diver who worked on the Thai soccer team rescue.Shares of the electric car maker were down 3.5 percent in late-morning trading at $307.

Mexican peso, stocks fall as leftist wins presidency

Mexico - The Mexican peso and stock market both fell Monday after the country elected the anti-establishment leftist Andres Manuel Lopez Obrador as its next president.

Shanghai, Hong Kong stocks plunge on trade war fears

Shanghai - Shanghai and Hong Kong stocks plunge on Tuesday on investors' fears that the US and China could be heading for a full-blown trade war following tit-for-tat tariff threats.

Argentina stock market plunges 8.33 percent

Buenos Aires - The Buenos Aires stock exchange plummeted more than 8.0 percent Monday, pulled down by sharp declines in energy and bank shares amid market volatility as Argentina seeks support from the IMF.The Merval Index dropped 8.

Stocks slide as Wall Street fears worsening US-China trade spat

New York - Wall Street was sharply lower at the open on Monday as the spiraling trade dispute between Beijing and Washington weighed on global stocks.

China's ZTE dives 39% at resumption of trading in Hong Kong

Fpo - Shares in Chinese telecoms equipment maker ZTE collapsed 39 percent Wednesday as trading in the company resumed after it reached a settlement with the United States over its handling of a sanctions violation.

Argentine stock market up 4.15 percent after IMF deal

Buenos Aires - Argentina's stock market rose 4.15 percent while its currency fell 1.68 percent against the dollar Friday, a day after Buenos Aires agreed to a $50 billion standby loan from the International Monetary Fund.

Elon Musk wins vote of confidence from Tesla shareholders

Tesla stocks rose more than 4 percent in premarket trading after the company revealed it is nearing its Model 3 weekly production rate and shareholders at Tesla's annual meeting backed Elon Musk as chairman and CEO.

Italy financial markets plunge on political turmoil

Milan - The Milan stock exchange plunged more than three percent Tuesday, while Italy's debt-risk premium surged, reflecting investor worry over the prospect of a fresh eurozone crisis.

Milan stocks rise after president vetoes eurosceptic minister

Milan - The Milan stock market rose Monday after President Sergio Mattarella vetoed the nomination of fierce eurosceptic Paolo Savona as economy minister.

Corner the market: Shanghai's streetside stock pundits

Shanghai - They may not have the wealth or financial savvy of Warren Buffett, but you will be hard-pressed to find more passionate punters than the silver-haired stock-pickers at Shanghai's curbside investment forum.

China manufacturing firms plunge on foreign ownership plan

Shares in top Chinese manufacturing companies plunged Wednesday after Beijing announced plans to phase out ownership limits for foreign automakers, shipbuilders and aircraft firms.

Shares of Canadian pot stocks skyrocket — raising bubble fears

As Canada moves closer to legalizing recreational marijuana later this year, licensed pot companies are experiencing a boom in the stock market. Critics say the pot industry is overvalued and the bubble may end up bursting.

China's censors, investors swoop as Kim rumours rage

Chinese censors scrubbed social media of unflattering references to Kim Jong Un on Tuesday, while superstitious investors snapped up shares resembling the North Korean leader's name, as rumours swirled that he was visiting Beijing.

China's timeless mom-and-pop investors 'endure' as stocks gyrate

Much of China's stock trading is conducted remotely via high-tech systems in banks and brokerages or on mobile phones, but the country's masses of mom-and-pop investors still cling to older ways.

Roku opens at record high, getting a $50 price target on Monday

Roku, which makes streaming video devices, has more than tripled since going public in November. Shares opened at an all-time high of $49.41 after getting a super-bullish analyst price target.

China's Tencent becomes more valuable than Facebook

Bejing - Chinese social media and video game giant Tencent became more valuable than Facebook on Tuesday as investors sent the company soaring into the top five of the world's biggest firms.

Tesla's sinking stock has made short sellers almost $1 billion

-Short sellers betting on a decline in Tesla's stock have made almost $1 billion in the fourth quarter. -Tesla's recent stock woes stem from a bottleneck hurting production on its hotly anticipated Model 3 vehicle.

JPMorgan investment chief: 'Market correction will be painful'

Daniel Pinto, the head of JPMorgan Chase's dominant investment bank, told research analysts from Keefe, Bruyette, & Woods that the markets are too complacent right now, and we could be in store for a painful correction.
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Both the Pound and stocks rose on the New York Stock Exchange on news the British goverment's B...
Both the Pound and stocks rose on the New York Stock Exchange on news the British goverment's Brexit plan would first need to get parliamentary approval
Spencer Platt, Getty/AFP/File
The Stock Exchange of Hong Kong.
The Stock Exchange of Hong Kong.
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Traders work on the floor of the New York Stock Exchange
Traders work on the floor of the New York Stock Exchange
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Trigger sends alerts to users when Trump tweets about their stocks
Trigger sends alerts to users when Trump tweets about their stocks
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