H&M shares jump 11% as summer collection boosts profit

(Reuters) – Fashion retailer H&M’s shares hit a 16-month high on Thursday after its second-quarter profit beat estimates as cost-cutting…

Japan stocks higher at close of trade; Nikkei 225 up 0.12%

Japan stocks were higher after the close on Thursday, as gains in the Shipbuilding, Transportation Equipment and Manufacturing sectors led…

European shares muted on rate-hike jitters; H&M jumps on robust profit

(Reuters) – European shares were muted on Thursday as hawkish signals from a slew of major central bankers offset a…

4 big analyst picks: Micron earns an upgrade following a strong Q3 beat

Micron upgraded at Piper Sanler following Q3 beat Piper Sandler upgraded Micron Technology (NASDAQ:MU) to Neutral from Underweight and raised…

Australia stocks lower at close of trade; S&P/ASX 200 down 0.02%

Australia stocks were lower after the close on Thursday, as losses in the Utilities, Gold and A-REITs sectors led shares…

SoftBank Corp plans to develop generative AI – Nikkei

Japanese technology conglomerate SoftBank Group Corp (TYO:9984) plans to independently develop its own generative artificial intelligence amid a broader industry…

BMW to produce electric X3 model at South Africa plant

(Reuters) – Germany’s BMW (ETR:BMWG) will build its X3 model in South Africa from 2024, investing 4.2 billion rand ($225.09…

Binance’s European banking partner Paysafe to withdraw support

(Reuters) – Binance’s European banking partner Paysafe Payment Solutions said on Thursday it will cease offering its embedded wallet solution…

Asian shares fall, yen and yuan near 8-month lows on rate risks

(Reuters) – Asian shares fell on Thursday after global central banks reaffirmed their resolve to beat inflation, warning rates may…

Six questions facing U.S. stock investors as 2023’s second half nears

(Reuters) – The U.S. stock market has powered higher in the first half of this year despite numerous obstacles, from…