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  • Nov 12, 2024

Stock market today: Asian shares mostly decline, shrugging off Wall Street's rally

Asian shares mostly fell Tuesday, despite a rally on Wall Street in stocks seen as benefiting the most from Donald Trump’s reelection as U.S. president. Japan's benchmark Nikkei 225 reversed early gains to decline 0.6% in afternoon trading to 39,289.14, weighed down by uncertainty about how Trump's policies, including tariffs, may affect local industries. Chinese tech stocks have been declining lately, while investors also have their eyes on upcoming earnings reports out of China.

  • Nov 12, 2024

SoftBank Swings to Profit on Help From Hot Indian IPO Market

(Bloomberg) -- SoftBank Group Corp. swung to its biggest quarterly profit in two years on a series of successful Indian listings, giving its founder Masayoshi Son more ammunition for his next bet.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationThe Tokyo-based company earned a ne

  • Nov 12, 2024

Stocks Fall on Concern Over Trump Tariffs, Cabinet: Markets Wrap

(Bloomberg) -- Asian shares dropped with European and US equity futures as traders weighed the impact of president-elect Donald Trump’s policy agenda and the make-up of his cabinet. Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationThe MSCI Asia Pacific Index slipped for a third d

  • Nov 12, 2024

Weak Government in Japan May Help Retail Stocks, Utilities, Tech

(Bloomberg) -- The newfound influence of opposition lawmakers in Japan has investors looking for gains in the shares of retailers and electricity generators.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationThat’s due to expectations that Prime Minister Shigeru Ishiba may cut taxe

  • Nov 12, 2024

Asia stocks slip, bitcoin at record high as Trump trade whipsaws markets

SINGAPORE (Reuters) -Asian stocks tumbled on Tuesday dragged by Chinese markets and chip shares as investors worried about U.S. President-elect Donald Trump's policies, while bitcoin hit a record peak on bets on assets that are set to benefit from the new administration. Investors anticipate Trump's second four-year term in office will bring equities-boosting tax cuts and looser regulations, lifting the world's biggest and best-known cryptocurrency, bitcoin, to an all-time high of $89,637. But the threat of possible tariffs from the new White House administration has put the euro and China's yuan under pressure.

  • Nov 12, 2024

Bayer cuts FY operating profit outlook on weak agriculture markets

Bayer on Tuesday lowered its full-year operating earnings guidance and took billions in write-downs on agricultural markets in Latin America, becoming the latest maker of farming supplies to be burdened further by low demand. The German group said it now expects to generate earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for special items and the impact of currency swings, of between 10.4 billion euros ($11.1 billion) and 10.7 billion euros, down from a previous forecast of 10.7-11.3 billion euros.

  • Nov 12, 2024

Here's How Much $100 In Dogecoin Today Could Be Worth If DOGE Hits New All-Time Highs

Cryptocurrency Dogecoin (CRYPTO: DOGE) is having a moment once again with the meme crypto soaring over 80% in the last week, helped by increased interest in the cryptocurrency after Donald Trump's 2024 election win and Elon Musk's anticipated role leading the Department of Government Efficiency, or D.O.G.E. for short. Despite the rising valuation for Dogecoin over the past several weeks, the meme crypto still trades significantly lower than its all-time high in May 2021. Here’s a look back and h

  • Nov 12, 2024

Oil Declines for Third Day on Demand Concerns and Rampant Dollar

(Bloomberg) -- Oil fell for a third day on a soft demand outlook in China, a stronger US dollar, and concerns the market may flip to oversupply.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictKey Ballot Initiatives and Local Races Highlight Views on Abortion, ImmigrationBrent dropped below $72 after shedding 5% over two sessions, with West Texas Intermedia

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