Komon Trust

2024/06/30

Binance must face bulk of US SEC crypto lawsuit, judge rules

A federal judge ruled late Friday that the majority of a lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Binance, the world's largest cryptocurrency exchange, can proceed.

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2024/06/30

Exclusive-US prosecutors meeting with Boeing, crash victims as criminal charging decision looms, sources say

NEW YORK U.S. prosecutors are meeting with Boeing (NYSE:BA) and fatal-crash victims' relatives as a July 7 deadline looms for the Justice Department to decide whether to criminally charge the planemaker, according to two people familiar with the matter and correspondence reviewed by Reuters.

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2024/06/29

European shares post quarterly loss as markets await French elections

European shares gave up early gains to close lower on Friday as a drop in shares of beauty giant L'Oreal weighed, while the benchmark index clocked weekly, monthly and quarterly declines on French political uncertainties.

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2024/06/29

Nike sinks as gloomy sales forecast fans growth concerns

Nike shares slumped 18.6% in early trade on Friday as a forecast for a surprise drop in annual sales amplified investor concerns about the pace of the sportswear giant's efforts to stem market share losses to upstart brands such as On and Hoka.

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2024/06/28

Stocks inch lower as semiconductor shares ease; yen up vs dollar

NEW YORK -Global stock indexes edged lower in choppy trading Thursday as Micron Technology (NASDAQ:MU) shares fell and weighed on semiconductors, while the Japanese yen strengthened slightly against the U.S. dollar.

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2024/06/28

US regulators approve Louisiana LNG plant over climate objections

Federal regulators on Thursday approved a Louisiana liquefied natural gas project that has been a lightning rod for environmental activists and an energy policy litmus test for President Joe Biden's administration.

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2024/06/27

Volkswagen recalling 307,000 vehicles over air bag sensor wiring

WASHINGTON-Volkswagen said on Wednesday it was recalling over 307,000 vehicles in North America due to a potential wiring fault that may deactivate front passenger air bags when the seat is occupied.

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2024/06/27

FedEx stock leaps on upbeat profit target, possible freight unit sale

FedEx shares jumped more than 12% on Wednesday after the delivery giant reassured investors with a largely upbeat annual profit forecast and said it would weigh options for its less-than-truckload business that one analyst valued at $30 billion.

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2024/06/25

The AI boom could send S&P 500 to 6,666 - SocGen

Societe Generale (OTC:SCGLY) SA projected that investors are likely to continue investing in U.S. stocks, capitalizing on any market dips in anticipation of the Federal Reserve's potential interest rate cuts expected to commence in early 2025.

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2024/06/25

Warren Buffett's PacifiCorp reaches $150 million wildfire settlement

PacifiCorp, a utility owned by Warren Buffett's Berkshire Hathaway (NYSE:BRKa), agreed to a $150 million settlement with 378 plaintiffs arising from one of the 2020 wildfires that devastated parts of Oregon and northern California.

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2024/06/23

UBS sees these six factors driving Asian markets in H2 2024

UBS analysts identified six key factors that will drive Asian markets in the second half of 2024, especially after several major events in the first half of the year, including Japan’s historic rate hike and China’s bumper stimulus measures.

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2024/06/23

Tariffs is the biggest election-related risk to US stocks: Goldman Sachs

Goldman Sachs strategists have highlighted the potential toll of tariffs on American companies doing business overseas as the US election campaign gains momentum. According to the investment bank giant, tariffs could significantly impact the performance of stocks with high international revenue exposure.

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2024/06/23

Apple and Meta have discussed AI partnership, WSJ reports

Facebook parent Meta Platforms (NASDAQ:META) has discussed integrating its generative AI model into Apple (NASDAQ:AAPL)'s recently announced AI system for iPhones, the Wall Street Journal reported on Sunday.

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2024/06/22

American Airlines, union fail to reach deal on new contract

union representing flight attendants for American Airlines (NASDAQ:AAL) Group said on Thursday that the latest round of talks with the carrier did not lead to an agreement this week.

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2024/06/22

US credit spreads widen on political jitters, Treasuries rally

NEW YORK The spreads between U.S. investment-grade corporate bond yields and U.S. Treasuries have surged to their highest in over three months, in a sign of risk aversion due to political uncertainty in France and as U.S. government bonds rallied.

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2024/06/21

US stocks gain ground; Nvidia continues to push higher

U.S. stocks rose Thursday, helped by more gains from media darling Nvidia (NASDAQ:NVDA), while data pointed to a slowing economy.

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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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