newsmart – Latest News

koreatimes.co.kr | 5 min. ago NEW

Mirae Asset to reenter Japan with acquisition of Sanko Securities

A decade after it exited the country, Mirae Asset Securities is set to reenter Japan through its acquisition of local brokerage Sanko Securities, as it looks to expand its presence in a market where retail investment is gaining momentum, the company said Thursday. The company said its board approved a plan to purchase 100 percent of the stakes in Sanko Securities through its U.S. affiliate, Mirae Asset Securities Holdings.

The deal is valued at an estimated 42.6 billion won ($35.62 million), with the final price to be determined at closing after regulatory approvals and other conditions are met. Mirae Asset will inject a total of 100.6 billion won into its U.S. affiliate to fund the acquisition and subsequent business expansion in Japan.

Sanko, which operates under Japan’s Okasan Securities Group, specializes in proprietary trading — buying and selling stocks, bonds and other securities with its own capital to generate returns. It posted a net profit of roughly 400 million won and net assets of 39.1 billion won for the fiscal year ended March 2026, the company said.

The acquisition w

thehindu.com | 21 min. ago NEW

Old rice stocks dominate inventories, prices cannot be increased abnormally: Telangana officials to millers

Telangana Civil Supplies Dept officials cautioned of legal consequences for creating artificial scarcity or engaging in illegal hoarding

ft.com | 33 min. ago NEW

[$] US tech stocks set to fall after earnings fuel AI spending concerns

Nasdaq 100 to open 1.3% down after Google parent Alphabet and Microsoft report lower than expected capex

scmp.com | 59 min. ago NEW

Google supplier Biwin, GPU leader Moore Threads see stocks plunge despite revenue surge

Shares of Chinese semiconductor suppliers Biwin Storage Technology and Moore Threads tumbled on Thursday alongside a broader rout in mainland technology stocks, despite blockbuster third-quarter revenue driven by strong artificial intelligence demand. Both stocks plunged more than 10 per cent during Thursday morning trading, reversing Wednesday’s rallies of 8.4 per cent for Biwin and 5.8 per cent for Moore Threads.

The tech-heavy Star 50 index in Shanghai also dropped more than 4 per cent,...

koreatimes.co.kr | 2 hrs. 15 min. ago

US stocks hold steady ahead of Fed rate decision

NEW YORK — U.S. stocks are drifting Wednesday as the countdown ticks toward this afternoon’s announcement from the Federal Reserve on what it will do with interest rates. The S&P 500 rose 0.2 percent and pulled within 1 percent of its all-time high, which was set earlier this month.

The Dow Jones Industrial Average was up 149 points, or 0.3 percent, as of 12:46 p.m. Eastern time, and the Nasdaq composite was mostly unchanged. The day’s highlight will likely be what the Federal Reserve says, if anything, about where interest rates are heading. The Fed raised its main interest rate last month for the first time in three years in hopes of slowing the high inflation that’s squeezing the economy and discouraging Americans.

The widespread expectation on Wall Street is that the Fed will leave the federal funds rate alone at this meeting, and the question is whether it will give hints about what may happen at later meetings. Fed Chairman Kevin Warsh, though, has been adamant since taking over the Fed about wanting it to give fewer indications about its future moves.

Wall Street cares so

marketwatch.com | 5 hrs. ago

Why Alphabet’s stock could see its worst drop in years after the latest results

A doubling of cloud revenue wasn’t enough to appease Wall Street as investors grew more concerned that AI is hurting the company’s ability to make money off search queries.

abc.net.au | 5 hrs. 47 min. ago

End in sight for controversial snapper fishing ban in SA

Snapper could once again be caught next year as the South Australian government works on a plan to rebuild snapper stocks, but some fishers remain concerned about the fishery's future.

theguardian.com | 5 hrs. 52 min. ago

Investors turn on Google owner Alphabet after profit miss, ad slowdown and high spending

Net profit slid 25% from a year earlier to $26.2bn, well short of expectations, though revenue rose to $127.6bnShares in Google parent Alphabet fell more than 10% in after-hours trading Wednesday, erasing tens of billions of dollars in stock market value from the $4tn tech giant.

The company had reported lower-than-expected profit and a slowdown in its advertising business while it maintained big spending on AI.Net profit slid 25% from a year earlier to $26.2bn in the July-to-September period, or $2.12 a share, well short of expectations by analysts surveyed by FactSet. Continue reading...

theguardian.com | 6 hrs. 8 min. ago

Microsoft posts $92.3bn quarterly revenue after offering buyouts to 60,000 employees

Software giant reports $36.6bn in profit, beating Wall Street expectations, as Azure cloud computing division grows 48%Microsoft gained billions of dollars in stock market value Wednesday afternoon after it reported better than expected revenue and profit, just days after it offered voluntary buyouts to some 60,000 employees.The office software giant’s growth was fueled by its Azure cloud computing division, which grew by 48% in the September quarter.

Continue reading...

marketwatch.com | 6 hrs. 20 min. ago

ServiceNow’s stock slides as earnings miss overshadows a raised AI outlook

Even with an uptick in multimillion-dollar AI deals, ServiceNow’s earnings results weren’t enough to win over software skeptics.

marketwatch.com | 6 hrs. 47 min. ago

The major reason Microsoft’s stock is heading higher after earnings

Microsoft showed investors that it’s able to grow rapidly while keeping spending in check.

theguardian.com | 8 hrs. 2 min. ago

Microsoft posts $92.3bn in quarterly revenue after offering buyouts to 60,000 employees

Software giant reports $36.6bn in profit, beating Wall Street expectations, as Azure cloud computing division grows 48%Microsoft gained billions of dollars in stock market value Wednesday afternoon after it reported better than expected revenue and profit, just days after it offered voluntary buyouts to some 60,000 employees.The office software giant’s growth was fueled by its Azure cloud computing division, which grew by 48% in the September quarter.

Continue reading...

dailymail.com | 8 hrs. 8 min. ago

Labour to miss housing target by half a million homes

The party vowed in its election-winning manifesto to boost Britain's dwindling housing stock by an extra 1.5million homes over the next parliament.

marketwatch.com | 8 hrs. 45 min. ago

Lumentum’s stock pops as investors cheer a possible sale to Marvell

An agreement between the companies could come next week, Bloomberg reported

businessinsider.com | 9 hrs. 16 min. ago

We're getting an idea of how much Anthropic stock will be available for retail investors

SpaceX's outreach to retail investors ended up being a defining piece of its blockbuster IPO in June. Anthropic could follow suit.

abcnews.com | 9 hrs. 18 min. ago

Google misses revenue expectations, Alphabet stock sinks in early after-hours trading

Alphabet Inc., Google's parent company, reported strong revenue growth in its third quarter, but it fell short of Wall Street expectations

dailymail.com | 10 hrs. 12 min. ago

Microsoft CEO earned $90.6m salary last year... $6m less than the year before after the computing giant's stock tanked

Microsoft CEO Satya Nadella made a $90.6 million salary last year, which is less than what he raked in the year before. Nadella, 59, became the boss of the tech giant in 2014.

businessinsider.com | 10 hrs. 20 min. ago

Wall Street forecasters are eyeing a streak of double-digit gains brewing for stocks

The months following midterm elections have historically been the strongest for the stock market, with the S&P 500 gaining more than 10% on average.

marketwatch.com | 10 hrs. 21 min. ago

U.S. oil-refinery stocks are up roughly 150% this year. How long could this historic run last?

Analyst predicts the ‘mother of all maintenance seasons’ for refineries that have been running at high capacity

economist.com | 10 hrs. 36 min. ago

China’s stock markets are the great global exception

If the country is winning the future, why are its investors so glum?

economist.com | 10 hrs. 46 min. ago

China’s stock markets are the great global exception

If the country is winning the future, why are its investors so glum?

livemint.com | 12 hrs. 25 min. ago

Investing in US stocks from India? How much can you invest, can you directly apply for IPOs? Complete guide here

Indian residents can invest in foreign stocks through the RBI’s Liberalised Remittance Scheme. Here's how much one can invest per year and whether Indians can directly apply for foreign IPOs. 

koreatimes.co.kr | 13 hrs. 31 min. ago

Prediction market bets set the tone for Anthropic's much-awaited IPO

Prediction markets are seeing massive trades for Anthropic contracts after the AI giant's IPO filing, even as retail stock traders await the official opening bell likely next month. The binary "yes" or "no" bets in prediction markets are influencing the way retail investors speculate on high-profile IPOs, allowing traders to wager on aspects such as the closing prices and its listing venue without the need to buy shares.

"Prediction market interest in Anthropic's IPO is the financial equivalent of people lining up outside the Apple Store before a new iPhone release," said Michael Ashley Schulman, a partner at wealth management and financial advisory firm Cerity Partners. Earlier this week, Anthropic took a major step toward going public by unveiling its IPO filing.

The listing could value the AI lab behind the Claude models at between $1.5 trillion and $2 trillion, Reuters has reported. On Polymarket, more than a dozen markets have sprung up around the IPO, where traders are placing bets on its fundraising haul, listing exchange and debut valuation.

Rival Kalshi is also drawing bets on ev

koreatimes.co.kr | 13 hrs. 31 min. ago

US stocks hold steady ahead of Fed rate decision

NEW YORK — U.S. stocks are drifting Wednesday as the countdown ticks toward this afternoon’s announcement from the Federal Reserve on what it will do with interest rates. The S&P 500 rose 0.2 percent and pulled within 1 percent of its all-time high, which was set earlier this month.

The Dow Jones Industrial Average was up 149 points, or 0.3 percent, as of 12:46 p.m. Eastern time, and the Nasdaq composite was mostly unchanged. The day’s highlight will likely be what the Federal Reserve says, if anything, about where interest rates are heading. The Fed raised its main interest rate last month for the first time in three years in hopes of slowing the high inflation that’s squeezing the economy and discouraging Americans.

The widespread expectation on Wall Street is that the Fed will leave the federal funds rate alone at this meeting, and the question is whether it will give hints about what may happen at later meetings. Fed Chairman Kevin Warsh, though, has been adamant since taking over the Fed about wanting it to give fewer indications about its future moves.

Wall Street cares so

marketwatch.com | 13 hrs. 42 min. ago

Healthcare stocks are on their biggest hot streak in a generation. Think twice before chasing the rally.

The typically boring healthcare space has delivered a flash of excitement for investors in October, building on its gains from earlier in the year.

businessinsider.com | 14 hrs. 13 min. ago

Wall Street forecasters are eyeing a streak of double-digit gains brewing for stocks

The months following midterm elections have historically been the strongest for the stock market, with the S&P 500 gaining more than 10% on average.