News

Boeing (BA) is weighing selling new stock in an effort to boost its balance sheet.

The Dow Jones Industrial Average (DJIA) dropped more than 350 points Monday afternoon after Federal Reserve Chair Jerome Powell said that more interest rate cuts were coming, but that the central bank is not in a rush to “cut rates quickly.”

Super Micro Computer (SMCI) is set to undergo a stock split after the market closes on Monday, aligning itself with other prominent AI-driven companies like Nvidia and Broadcom, which also executed stock splits earlier this year. Following the split, the stock will begin trading Tuesday at its adjusted—and substantially lower—price.

The market is bracing for the September US jobs report, set to test the upbeat tone in stocks.

LONDON/SYDNEY (Reuters) -World shares edged off record highs on Monday as strife in the Middle East fuelled economic uncertainty, just as China shares posted their biggest one-day gain in 16 years thanks to Beijing's latest raft of stimulus policies. Japan's Nikkei slumped almost 5% after perceived monetary policy hawk Shigeru Ishiba won a leadership contest to become the country's prime minister. The exception was China.

Stellantis NV (NYSE:STLA) stock is plunging Monday after it revised its fiscal 2024 guidance to reflect its remediation actions on North American performance issues and deterioration in global industry dynamics. Auto rivals, including General Motors Co (NYSE:GM) and Ford Motor Co (NYSE:F), are trading lower in sympathy with Stellantis. The company projects a fiscal 2024 adjusted operating margin of 5.5%—7.0%, down from its prior double-digit growth expectations. It now expects fiscal 2024 indust

Beijing's economic stimulus measures extended China's market rally into a second week, while Japan's choice of former Defense Minister Shigeru Ishiba as the country's next prime minister knocked down shares in Tokyo.