European markets open to close, UK politics, earnings, data

LONDON – European stocks closed higher on Wednesday as markets sought to reverse a negative slide in the previous trading session. The pan-European Stoxx 600 provisionally closed up by 1.7%, with tech, media and retail shares climbing over 3% to lead gains as almost all sectors and major stock markets ended in positive territory. Just … Read more

European markets open to close, stocks, data as ECB meets in Sintra

LONDON – European stocks closed lower on Wednesday as global market sentiment remained bearish, with investors nervous about a possible recession. The pan-European Stoxx 600 provisionally closed down by 0.7%, with shares of autos firms shedding 2.7% to lead losses as almost all sectors and major stock exchanges slid into the red. Health care stocks … Read more

European markets open to close, investors react to Fed rate hike

LONDON – European stocks fell sharply on Thursday as hawkish policy actions from central banks fueled worries of a possible recession. The pan-European Stoxx 600 closed down by 2.5% provisionally, with tech shares plunging 4.7% to lead the losses. A higher interest rate environment is seen as negative for growth-oriented sectors like tech. Global investors … Read more

Strategists reveal how to trade the sell-off

Investors and strategists have revealed how they’re playing the beaten-down tech sector, naming several stock opportunities in a market they say could be nearing the bottom. Lee Baker, owner and president at Apex Financial Services, described Apple and Microsoft as “good solid companies” for investors to consider right now. Speaking to CNBC’s Squawk Box Europe … Read more

Just Eat Takeaway is exploring a sale of Grubhub

The Grubhub logo displayed on a smartphone screen. Rafael Henrique | Sopa Images | Lightrocket | Getty Images European food delivery giant Just Eat Takeaway.com said it’s considering a sale of Grubhub, its US arm, after facing pressure from investors to explore strategic deals. Just Eat Takeaway.com’s board “confirms its alignment with shareholders in wanting … Read more

Stock Market Today: Dow Rises, Alibaba Soars, Okta Sinks

Text size Fed chair Powell spooked markets on Monday. Win McNamee / Getty Images Stocks were rising Tuesday as the market shook off hawkish comments from Fed Chair Jerome Powell and a continued rise in bond yields. The Dow Jones Industrial Average was up 249.07 points, or 0.7%, while the S&P 500 had risen 0.8%, … Read more

Splunk, Blackstone, Aerojet Rocketdyne and more

Take a look at some of the biggest movers in the premarket: Splunk (SPLK) – Cisco Systems (CSCO) made a more than $ 20 billion takeover bid for the cloud software company, according to people familiar with the matter who spoke to The Wall Street Journal. A deal of that size would represent the networking … Read more

Delivery Hero CEO apologizes to investors after 30% stock plunge

Delivery Hero CEO Niklas Ă–stberg speaking at the Noah tech conference in Berlin on June 13, 2019. Krisztian Bocsi | Bloomberg via Getty Images The boss of European food delivery firm Delivery Hero has apologized to investors after shares of the company plummeted more than 30% on disappointing earnings guidance for 2022. “Today our share … Read more