Stock market News & Breaking Stories

Banks and post offices will be closed on Saturday for Veterans Day, while stock markets will operate normally. FedEx and UPS open.

Hedge funds are exiting their short positions at a rapid pace, signaling a potential market resurgence and a rebalancing of US dollar longs.

Apple beats expectations for Q4 earnings with $1.46 per share on sales of $89.5bn, but sales fall for fourth consecutive quarter.

Foreign investors in India have increased their stake in 95 smallcap stocks that have given high returns this fiscal year.

Meta (META) beats earnings expectations in Q3, with advertising revenue of $33.64 billion and a 31% increase in ad impressions. Shares rise 4% in after-hours trading.

The tech sector has made a remarkable comeback in 2023, driven by the AI industry surge and the performance of top tech companies like Nvidia, Meta Platforms, and Alphabet. Despite adverse external factors, the US stock market has shown resilience, indicating a promising signal for the Q4 stock market rally. Google's stock has reached a new 52-week high and faces resistance at $143.65.

Chelsea Clinton has reportedly earned $9 million since 2011 as a board member of an internet investment company. She also owns a $10 million luxury apartment in Manhattan.

Mongolia Growth Group's stock has risen by 14% in the past month. The company's ROE is lower than the industry average, but it has experienced significant net income growth. The company does not pay dividends and reinvests its profits into the business. There are positive factors to consider, but it is important to assess the risks.

Wall Street experienced a sharp decline as U.S. interest rates are expected to remain high, causing stocks to fall worldwide.

"Dumb Money" is a movie that tells the real story of a financial rebellion led by small investors against Wall Street. It focuses on the GameStop stock surge and the impact it had on hedge funds. The film aims to champion the little guy and shed light on the flaws of the financial system. The cast includes Paul Dano, Pete Davidson, America Ferrera, and Seth Rogen. The movie highlights the power of social media and the role it played in the stock market frenzy.

Instacart's IPO price of $30/share values the grocery delivery app at $10 billion, following Arm's successful return to the public markets.

British chipmaker Arm debuted on the public markets, with shares jumping 10% and climbing over 20% in the first 30 minutes of trading.

Cars and junk food drive the S&P 500 index up as Raytheon faces unexpected costs. Tesla and Hostess see significant gains.

Nigerian Exchange Limited (NGX) closed July 2023 with a 5.5% growth, the best return since 2017, outperforming other African exchanges.

Dollar falls as Fed raises rates, leaving room for more hikes.

June CPI rises by 0.2% and 3.0% over the last year, with shelter accounting for 70% of the increase; food prices also increase.

Inflation drops to lowest level in over two years, benefiting economy and stock market.