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A UBS trader sued his employer over allegations the “toxic” London work environment and “punishing workload” caused his mental health to deteriorate so far he was no longer able to work. A 35-year veteran at the Swiss bank, Simon Rope, is seeking more than £200,000 ($273,000), for negligence over an anxiety disorder caused by “the […]
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Stock futures were flat in overnight trading on Thursday after two straight days of gains pushed major averages into positive territory for the week. Futures on the Dow Jones Industrial Average were little changed. S&P 500 futures and Nasdaq 100 futures were also flat. The market staged a two-day relief rally after the Federal Reserve […]
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For the past two weeks, the sellers have been holding serve and investors are growing increasingly more worried about a big sell-off ahead. Given the massive move since the market lows of March 2020, and the fact that we haven’t had a 5% decline in almost a year, many investors sense that it is time […]
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The benchmark U.S. 10-year Treasury yield made up some of its overnight losses on Thursday after the Federal Reserve said that it may soon curtail its asset purchase program. The yield on the benchmark 10-year Treasury note rose a basis point to 1.341% by 8:34 a.m. ET, while the yield on the 30-year Treasury bond fell a […]
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A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London (CNN Business)Global markets are rebounding from a sharp selloff on Monday, when the S&P 500 and the Nasdaq Composite logged their worst performances since May. But to keep advancing, stocks will […]
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On Monday, the rupee had dropped by 26 paise to settle at a nearly four-week low of 73.74 against the U.S. dollar. The rupee on Tuesday rebounded by 13 paise to close at 73.61 (provisional) against the U.S. dollar following a firm trend in domestic equities and losses in the American currency in the overseas […]
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Evergrande is due to pay out interest worth $83 million on a 5-year, U.S.-dollar denominated bond, with an initial issue size of around $2 billion. Another interest payment on a 7-year dollar bond is due next Wednesday, on Sept. 29. Analysts and market watchers largely expect that Evergrande to miss the interest payment on Thursday. […]
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U.S. stock futures fell Friday, marking a key date, Sept. 17, that has historically ushered in a rough patch for the market in an already traditionally tough month. The Dow Jones Industrial Average declined Thursday, though it ended way above session lows. The S&P 500 dipped as well, while the Nasdaq bucked the trend and […]
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Check out the companies making headlines before the bell: China Evergrande Group — Chinese property giant Evergrande tumbled more than 10% on Hong Kong Stock Exchange, spooking Asian markets. The company has been scrambling to pay its suppliers, and warned investors twice in as many weeks that it could default on its debts. Last week Evergrande said its […]
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Stock futures were steady in overnight trading on Thursday as investors remain cautious about the month of September. Dow futures fell 20 points. S&P 500 futures dropped 0.08% and Nasdaq 100 futures dipped 0.09%. On Thursday, the Dow Jones Industrial Average lost 63 points, after being down as much as 274 points at its low. […]
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