• Aug 21, 2024

Stocks Drift as Traders Await Rate Cut Clues: Markets Wrap

(Bloomberg) -- Stocks drifted as investors awaited an annual review of US jobs data as well as Federal Reserve meeting minutes for further clues on interest rate cuts.Most Read from Bloomberg‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemEurope’s Stoxx 600 edged higher and US equity futures posted small moves. The yield on 10-year Treasuries was flat, while a gaug

  • Aug 21, 2024

World’s Top Gambling Stock Spurred by Philippine Online Frenzy

(Bloomberg) -- The world’s hottest gambling stock is riding strong demand for online betting at home in the Philippines even as the global industry faces increasing scrutiny.Most Read from Bloomberg‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemShares of DigiPlus Interactive Corp. are up 151% so far this year, more than any other casino stock with a market value o

  • Aug 21, 2024

Stock rebound wanes as investors await US job data, Fed

SINGAPORE (Reuters) -Asian shares slipped on Wednesday as a stellar rebound in world stocks paused for breath, while bond yields and the dollar fell ahead of U.S. economic data and speeches from policymakers that are expected to make the case for interest rate cuts. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5%. Japan's Nikkei fell 1% at the open as a recovery from its collapse in early August runs into resistance around the 38,000 level, but it recovered to trade 0.3% lower in the afternoon.