Salzgitter Suspends Guidance After Aurubis Cuts Earnings Forecast

China Shares End Mostly Higher on Property Easing Measures

China shares ended mostly higher after Beijing announced a slew of property easing measures to boost consumption and rescue the troubled sector, with analysts saying the moves exceed market expectations and should lift investor confidence.

4h ago

UPS offers pilot buyout as demand falters

LOS ANGELES (Reuters) -United Parcel Service on Thursday said it has offered early retirement to some pilots as the world’s biggest package delivery firm grapples with a weak air freight market and rising labor costs. Atlanta-based UPS said it hopes 167 pilots will accept its voluntary separation offer, which includes cash and healthcare benefits. On Aug. 8, the company cut its full-year revenue and profitability targets citing softening package volume, higher labor costs and business losses resulting from its tumultuous but now completed contract talks covering some 340,000 workers represented by the International Brotherhood of Teamsters.

14h ago

Europe’s Top Copper Producer Aurubis Hit by Huge Metals Scam

(Bloomberg) — Europe’s top copper producer Aurubis AG warned it may face losses in the hundreds of millions of euros after being hit by a massive scam involving shipments of scrap metal that it uses in its recycling business.Most Read from BloombergHong Kong Shuts Down City Before Super Typhoon Saola HitsEurope’s Biggest Oil Company Quietly Shelves a Radical Plan to Shrink Its Carbon FootprintFake Spare Parts Were Supplied to Fix Top-Selling Jet EnginePutin Moves to Seize Control of Wagner’s Me

2h ago

New Zealand Consumer Confidence Up in August as Rates Peak Extends

Consumer confidence in New Zealand rose one point in August to 85.0, with the lift driven by an increase in the question of whether it is a good time to buy a major household item.

12h ago

Lowe’s Stock Shows Rising Price Performance With Jump To 83 RS Rating

Lowe’s shows improving price performance, earning an upgrade to its IBD Relative Strength Rating from 79 to 83.

19h ago

Crypto to Fiat Exchange Revolutionized by Bitgamo

Bitgamo is quickly emerging as a top destination for crypto to fiat exchange. More and more crypto enthusiasts are now turning to this platform to enjoy unique benefits such as no-KYC transactions …

15h ago

Australian regulator seeks ‘hundreds of millions’ in fines for Qantas

Australia’s competition regulator said on Friday it would ask the court to fine Qantas Airways “hundreds of millions” of dollars, a day after suing the carrier for allegedly selling tickets to thousands of flights after they were cancelled. The Australian Competition and Consumer Commission (ACCC) said in court filings on Thursday that Qantas broke consumer law when it sold tickets to more than 8,000 flights between May and July 2022 without disclosing they had been cancelled. Qantas has said it would review the ACCC’s allegations and respond in court, and that the period examined by ACCC was a time of “unprecedented upheaval for entire airline industry”.

7h ago

Australian consumer watchdog calls for record fine against Qantas over canceled flights

Australia’s consumer watchdog on Friday called for Qantas Airways to be punished with a record fine for allegedly selling tickets on thousands of flights that had already been canceled. Australian Competition and Consumer Commission chair Gina Cass-Gottlieb said Qantas’ penalty for allegedly breaching consumer law should be more than double the Australian record 125 million Australian dollar ($81 million) fine imposed on the Volkswagen Group in 2019 for misleading customers about the level of exhaust emissions from its diesel engines. “We consider that this should be a record penalty for this conduct,” Cass-Gottieb told Australian Broadcasting Corp. “We are going to seek a penalty that will underline that this is not just to be a cost of doing business.”

Seeking up to 24% Dividend Yield? Analysts Suggest 2 Dividend Stocks to Buy

Do you love dividends? Of course you do — and rightly so! Scholars who study the stock market’s historical performance estimate that over time, the payment (and reinvestment, and compounding) of dividends have contributed anywhere from 30% to 90% of the S&P 500’s total returns. Simply put, if you’re not investing in dividend stocks, you’re doing it wrong. Using the TipRanks platform, we’ve looked up two stocks that are offering up to 24% yield – that’s almost 15x higher the average yield found i

20h ago

Smoke and mirrors: I’ve been debating Vivek Ramaswamy for 2 years. Here’s how I got past his diversionary tactics

Vivek Ramaswamy’s fiercest critic, Yale Professor Jeffrey Sonnenfeld, has studied the presidential hopeful’s debate strategies–and his business record.

19h ago

NIO, Li Auto, and XPeng Combined Deliveries Set a Record. That’s Good for Tesla and BYD.

Combined deliveries from Li Auto, NIO, and XPeng total more than 68,000 units in August, a record month, and up from about 25,000 units a year ago.

40m ago

Here’s where the stock market is headed next after a tough August, according to Wall Street’s top strategists

Bears include top strategists from Morgan Stanley and JPMorgan, while Jeremy Siegel and Fundstrat’s Tom Lee are staying bullish.

14h ago

Morgan Stanley analyst predicts S&P 500 could leap another 11% this year, boosted by gains to ‘Magnificent Seven’ stocks

The analyst pointed out that a handful of high-performing stocks are yet to reach the highs they enjoyed in 2021.

1d ago

VinFast Stock Keeps Tumbling. Why Short Sellers Aren’t Winning Big.

FEATURE VinFast Auto stock dropped again, but that doesn’t mean short sellers are making out like bandits. There are few shares shorted, for good reason. Shares of the Vietnamese EV maker fell 15.9% to $34.

12h ago

QuantumScape Corporation (QS) Stock Moves -0.14%: What You Should Know

QuantumScape Corporation (QS) closed the most recent trading day at $7.14, moving -0.14% from the previous trading session.

13h ago

Enphase Energy (ENPH) Stock Sinks As Market Gains: What You Should Know

In the latest trading session, Enphase Energy (ENPH) closed at $128.11, marking a -0.73% move from the previous day.

2d ago

Broadcom Isn’t Delivering Nvidia-Type Beats. Why You Should Back Its AI Growth Anyway.

The stock was falling in premarket trading on Friday, with investors seemingly disappointed by its earnings.

2h ago

Tesla, Nvidia, Other ‘Magnificent 7’ Stocks See Big Mutual Fund Purchases

Tesla stock and Nvidia, along with the other “Magnificent 7” stocks are seeing big mutual fund purchases in the stock market today.

18h ago