Komon Trust

2024/06/19

TikTok says US ban is inevitable without a court order blocking law

WASHINGTON TikTok and Chinese parent ByteDance on Thursday urged a U.S. court to strike down a law they say will ban the popular short app in the United States on Jan. 19, saying the U.S. government refused to engage in any serious settlement talks after 2022.

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2024/06/19

Umicore shares rise after JPMorgan unveils double upgrade of materials tech group

Brussels-listed shares in Umicore SA (EBR:UMI) were trading higher by more than 4% on Wednesday after analysts at JPMorgan upgraded their rating of the maker of catalytic converters and battery materials to "Overweight" from "Underweight."

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2024/06/19

Fundamentals expected to continue driving U.S. equities higher - UBS

A rally in U.S. stock markets has been underpinned by fundamental drivers that could spur shares even higher, according to analysts at UBS.

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2024/06/18

Goldman says US jobs market at inflection point, sticks to call for two rate cuts

The U.S. labor market is at a key juncture, with mixed signals that could impact the Federal Reserve’s approach to rate cuts, analysts at Goldman Sachs said in a Monday note.

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2024/06/18

US Surgeon General calls for social media warning labels to protect adolescents

WASHINGTON - U.S. Surgeon General Vivek Murthy on Monday called for a warning label to be added to social media apps as a reminder that those platforms have caused harm to young people, especially adolescents.

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2024/06/17

Kansas accuses Pfizer of misleading public about COVID vaccine in lawsuit

The U.S. state of Kansas on Monday sued Pfizer (NYSE:PFE), accusing the company of misleading the public about its COVID-19 vaccine by hiding risks while making false claims about its effectiveness.

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2024/06/16

How much could immigration to the US decline before and after election: Goldman weighs in

In a recent note, Goldman Sachs economists have delved into the potential impacts of U.S. immigration policies before and after the upcoming election, examining scenarios under both a continued Biden administration and a potential second Trump administration.

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2024/06/16

China's Wuhan Tianyu says inclusion on US sanctions list may impact forex transactions

BEIJING - China's Wuhan Tianyu Information Industry said on Sunday the U.S. including it on a sanctions list was a "unilateral" act that could affect the data security company's foreign exchange settlements.

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2024/06/15

Fed penalizes Evolve Bank for failing to manage fintech partnership risk

WASHINGTON - The Federal Reserve announced Friday it had ordered Evolve Bancorp Inc to bolster its risk management programs around fintech partnerships as well as anti-money laundering laws.

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2024/06/15

Cruise stocks fall as BofA sees modest softness in prices

Cruise line stocks Royal Caribbean (NYSE:RCL), Carnival Corp. (NYSE:CCL), Norwegian Cruise Line (NYSE:NCLH), and Viking Holdings (VIK) declined Friday after Bank of America analysts said in a note that they see modest softness cruise prices.

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2024/06/14

NYCB acquired Signature Bank assets with total fair value of $37.8 billion

New York Community Bancorp (NYSE:NYCB) said on Thursday it acquired the assets of the failed Signature Bank (OTC:SBNY) with an estimated total fair value of $37.8 billion.

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2024/06/14

Nasdaq, S&P 500 post all-time closing highs for 4th day as tech boosts

NEW YORK The S&P 500 and Nasdaq registered record closing highs for a fourth session in a row on Thursday as technology shares extended their recent rally.

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2024/06/12

US Treasury sells $38B 10-year notes at lower-than-expected yield as demand rises

The U.S. government sold $38 billion of 10-year notes on Tuesday at a lower-than-expected yield on stronger demand as investor appetite for duration appears to be on the up and up.

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2024/06/12

US stocks mostly lower amid caution as Fed kicks off meeting: Apple hits record

U.S. stocks slipped lower Tuesday, with investors cautious at the start of the latest Federal Reserve meeting and ahead of the release of key inflation data later in the week.

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2024/06/11

BofA: Gold ETF flows turn positive in May

Analysts from Bank of America noted a significant inflow of gold ETFs in May, reversing the outflow trend that had been ongoing for the previous 11 months. However, with the gold price falling sharply after the US May Jobs report, it remains to be seen if ETF inflows will continue.

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2024/06/11

Australia's Rio Tinto to buy Mitsubishi's nearly 12% stake in Boyne Smelters

Rio Tinto (NYSE:RIO) will acquire Mitsubishi Corp's 11.65% stake in Boyne Smelters for an undisclosed sum, the Australian mining giant said on Tuesday.

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2024/06/10

AMD cut at Morgan Stanley as bank prefers Nvidia and Broadcom

AMD (NASDAQ:AMD) was cut to Equal-Weight from Overweight at Morgan Stanley on Monday. The firm maintains a $176 price target on the stock.

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2024/06/10

Wall Street slips as investors prepare for inflation data, Fed meeting

U.S. stocks indexes edged lower on Monday as investors grew cautious ahead of key inflation data and a Federal Reserve meeting scheduled for this week, looking for hints on the central bank's policy-easing stance this year.

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2024/06/08

U.S. trade panel votes to proceed with solar panel tariff probe

The U.S. International Trade Commission (ITC) voted on Friday to proceed with an investigation into whether solar panels from Southeast Asia are stifling domestic manufacturing, a step that could result in tariffs on the majority of panel imports.

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2024/06/07

S&P 500 shrugs off jobs-data led jump in Treasury yields to hit record high

The S&P 500 hit a fresh record high Friday, overcoming intraday weakness as a stronger than expected jobs report cooling optimism of sooner rather later Federal Reserve rate cuts.

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