The New York Community Bank (NYCB) headquarters in Hicksville, New York, US, on Thursday, Feb. 1, 2024. Bing Guan | Bloomberg | Getty Images New York Community Bank’s shares whipsawed between losses and gains early Wednesday after Moody’s Investors Service downgraded the bank’s credit ratings two notches to junk. NYCB shares fell 2.8%, reversing earlier … Read more
People passing a large scale sign for the high street clothes and clothing brand H&M outside their flagship store on the corner of Oxford Street and Regent Street. on 30th March 2023 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Shares of Swedish retailer H&M were down 8% at 09:05 a.m. … Read more
LONDON — The OPEC oil cartel led by Saudi Arabia and allied producers including Russia will try to agree Thursday on cuts to the amount of crude they send to the world, with prices having tumbled lately despite their efforts to prop them up. That’s been a good thing for U.S. drivers, who have been … Read more
Volvo vehicles seen outside a Volvo dealership in Edmonton, on October 26, 2023, in Edmonton, Alberta, Canada. Artur Widak | Nurphoto | Getty Images Volvo Cars shares tumbled as much as 14% on Friday morning after its parent company Zhejiang Geely Holding Group began a sale of around 100 million shares of the Swedish carmaker. At … Read more
Stocks on Wall Street sank at the open on Friday after the US jobs report blew by expectations, as investors considered the possibility that it could sway the Federal Reserve’s thinking on whether to hold or hike interest rates. The Dow Jones Industrial Average (^DJI) was down 0.3%, or about 90 points, after the major … Read more