Day: February 9, 2024

Megacaps rally pushes S&P 500 to first close above 5,000 milestone

• Business

Megacaps rally pushes S&P 500 to first close above 5,000 milestone

Market Spectator February 9, 2024

By Sinéad Carew and Sruthi Shankar (Reuters) -S&P 500 closed above 5,000 for the first time on...

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NYCB shares surge after top executives disclose stake purchases

• Business

NYCB shares surge after top executives disclose stake purchases

Market Spectator February 9, 2024

By Manya Saini and Niket Nishant (Reuters) -New York Community Bancorp’s shares closed up nearly 17% on...

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Exclusive-Nvidia pursues $30 billion custom chip opportunity with new unit -sources

• Business

Exclusive-Nvidia pursues $30 billion custom chip opportunity with new unit -sources

Market Spectator February 9, 2024

By Max A. Cherney and Stephen Nellis SAN FRANCISCO (Reuters) -Nvidia is building a new business unit...

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AmEx’s cumulative restructuring cost at $277 million in 2023

• Business

AmEx’s cumulative restructuring cost at $277 million in 2023

Market Spectator February 9, 2024

(Reuters) – American Express’ cumulative cost relating to restructuring programs initiated in 2023 or in prior years...

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Oil settles up, notches weekly gain on tight supply, Middle East conflict

• Business

Oil settles up, notches weekly gain on tight supply, Middle East conflict

Market Spectator February 9, 2024

By Laura Sanicola (Reuters) -Oil prices settled higher on Friday, up about 6% on a week-on-week basis,...

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Exclusive-Renault, Geely expect to finalise engines tie-up this month – sources

• Business

Exclusive-Renault, Geely expect to finalise engines tie-up this month – sources

Market Spectator February 9, 2024

By Gilles Guillaume PARIS (Reuters) -French carmaker Renault and Chinese rival Geely expect to finalise a joint...

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S&P 500 Q4 2023 earnings growth now seen at 9% year over year -LSEG

• Business

S&P 500 Q4 2023 earnings growth now seen at 9% year over year -LSEG

Market Spectator February 9, 2024

By Caroline Valetkevitch NEW YORK (Reuters) – With results in from about two-thirds of companies, fourth-quarter 2023...

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Moderna, Bayer-backed Metagenomi stock drops 32% on Nasdaq debut

• Economy

Moderna, Bayer-backed Metagenomi stock drops 32% on Nasdaq debut

Market Spectator February 9, 2024

(Reuters) – Shares of Metagenomi Technologies, a genetic medicines company backed by Bayer Healthcare and Moderna, slumped...

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