42 Mins Ago Kakaobank shares jump as Q4 profit rises, customer base grows Kakaobank shares jumped 7% on Wednesday after the digital payments firm reported higher fourth-quarter profit. The company’s fourth-quarter net profit rose nearly 25% to 75.7 billion Korean won ($57.2 million) from a year earlier. Kakaobank added 2.42 million new users to its
As the market picks up steam this month, led by gains in technology names, some hedge funds are betting against a handful of retailers and auto companies. The S & P 500 , which crossed another bull market threshold on Jan. 19, has continued to climb for the past six trading sessions alongside the Nasdaq
An Hour Ago Crypto stocks jump after SEC greenlights U.S. bitcoin ETFs 2 Hours Ago House committee demands a hearing with SEC Chair Gensler after X account controversy The House Financial Services Committee now wants SEC Chair Gary Gensler to provide details on what led up to the regulator’s X account posting a false social
Thu, Jan 4 2024 12:33 AM EST Japan to approve reserved funds to cover damages from New Year’s Day earthquake Japan’s cabinet will approve the use of its reserved funds to cover the damage from the earthquake that hit the Noto Peninsula in Ishikawa prefecture on New Year’s Day, Prime Minister Fumio Kishida said. Reuters
“Long term, I’m still very bullish. But near term I just worry that everybody is coming into the year feeling too good,” the Neuberger Berman senior portfolio manager told CNBC’s “Fast Money” on Tuesday. On the year’s first day of trading, the tech-heavy Nasdaq fell 1.6% percent, the S&P 500 fell 0.6%, and the Dow
Socially responsible investors are optimistic heading into the new year. Sustainability-focused funds have seen outflows in all three completed quarters of this year, according to Morningstar. That comes as higher energy costs and the politicization of ESG investing frameworks weighed on traders. (The acronym is short for environmental, social and corporate governance.) However, ESG-minded money