Latest news with #SeanConlon
CNBC
2 days ago
- Business
- CNBC
Asia-Pacific markets set to open mixed as weak private sector hiring in the U.S. dents investor sentiment
Varanasi, also commonly known as Benares or Banaras and Kashi , is a city situated on the banks of the River Ganges in the Indian state of Uttar Pradesh, 320 kilometres (199 mi) southeast of state capital Lucknow. It is regarded as a holy city by Buddhists and Jains, and is the holiest place in the world in Hinduism (and center of earth in Hindu Cosmology). It is one of the oldest continuously inhabited cities in the world and probably the oldest of India Buena Vista Images | Photodisc | Getty Images Asia-Pacific markets were set to mostly fall Thursday, after private sector hiring in the U.S. hit its lowest level in over two years, raising concerns that trade policy uncertainty could be weighing on the superpower's economy. A report from payrolls processing firm ADP showed that payrolls rose only 37,000 for the month, less than the downwardly revised 60,000 in April and below the consensus forecast of 110,000 that economists polled by Dow Jones had forecast. Japan's benchmark Nikkei 225 was set to fall at the open, with the futures contract in Chicago at 37,550 while its counterpart in Osaka last traded at 37,560 against the index's Wednesday close of 37,747.45. Futures for Hong Kong's Hang Seng index stood at 23,666 pointing to a flat open. HSI had closed at 23,654.03 in the previous session. Australia's S&P/ASX 200 was set to start the day higher, with futures tied to the benchmark at 8,564, compared to its last closer of 8,541.80 Investors will be keeping a close watch on Indian markets as the Reserve Bank of India starts its two-day policy meet, with markets expecting the central bank to cut its benchmark interest rate by a quarter-percentage point to 5.75% on Friday. — CNBC's Pia Singh, Sean Conlon and Sarah Min contributed to this report.
CNBC
14-05-2025
- Business
- CNBC
Stocks making the biggest moves premarket: Nvidia, Super Micro, American Eagle Outfitters, UnitedHealth and more
Check out the companies making headlines before the bell. American Eagle Outfitters — The retailer tumbled 11% in early trading. American Eagle on Tuesday withdrew its 2025 guidance "due to macro uncertainty." The company, faced with slow sales and steep discounting, also took $75 million in write-offs related to spring and summer merchandise. Super Micro Computer — Shares of the embattled server maker soared roughly 15%, extending a 16% rally Tuesday. Raymond James earlier this week initiated coverage of the stock with an outperform rating after last week's fiscal third-quarter results. UnitedHealth — Shares of the healthcare giant rose about 2% after plunging almost 18% Tuesday after the CEO stepped down for "personal reasons" and it suspended its 2025 financial forecast . PVH — Shares of the former Phillips-Van Heusen apparel maker rose more than 3% on a Jefferies' upgrade to buy from hold. Jefferies said PVH can stage a recovery as the Tommy Hilfiger and Calvin Klein parent undergoes a business transformation. Nvidia , Advanced Micro Devices — Shares of Nvidia and AMD each climbed roughly 3% after both chipmakers on Tuesday announced deals with Saudi company Humain, owned by Saudi Arabia's Public Investment Fund, to work on developing AI models and building data center infrastructure. Bank of America lifted its price targets on Nvidia and AMD shortly after the announcement, saying the sovereign projects could offset restrictions in China. KKR — The private equity firm gained nearly 2% on a Morgan Stanley upgrade to overweight from equal weight , with the bank saying an improving macroeconomic outlook on the heels of the U.S.-China tariff agreement could lead to a recovery in capital markets and ultimately boost KKR. Rivian — The electric vehicle maker's stock slipped 1% following a downgrade at Jefferies to hold from buy. The investment bank said Rivian faces downbeat demand. — U.S.-listed shares of the Chinese e-commerce platform slipped nearly 2% after posting better-than-expected first-quarter earnings and revenue, citing "improving consumer sentiment." Analysts expects earnings growth to flatten in 2025, with mounting losses in the food delivery unit, according to FactSet's StreetAccount, which noted Morgan Stanley cut its 12-month share price target to $39 from $41. — CNBC's Sean Conlon, Alex Harring and Michelle Fox contributed reporting.
CNBC
29-04-2025
- Business
- CNBC
Asia-Pacific markets set to track Wall Street gains ahead of key regional data
Cityscape and Tokyo Tower at sunset, Tokyo, Japan. © Marco Bottigelli | Moment | Getty Images Asia-Pacific markets are set to climb Wednesday, tracking Wall Street gains while anticipating a slew of key economic data in the region. Japan's benchmark Nikkei 225 is set to open higher, with the futures contract in Chicago at 36,080 while its counterpart in Osaka last traded at 36,070, against the index's last close of 35,839.99. Australia's benchmark S&P/ASX 200 is set to rise, with futures standing at 8,025, up from the index's close of 8,070.6. The Bank of Japan kickstarts its policy meeting on Wednesday, and is widely expected to hold rates at 0.5% when the meeting concludes on Thursday. Investors will also be waiting on a slew of key economic data in the region. China will be reporting its PMI data for April while Japan is slated to release its industrial output and retail sales data for March. Australia is expected to report its inflation data for the first quarter of the year. President Donald Trump said Tuesday that tariff negotiations with India are "coming along great," and he believes the U.S. will strike a trade deal with the South Asian nation. Speaking at a White House press briefing, Treasury Secretary Scott Bessent said the administration also held "substantial talks" with Japan over a possible trade deal, and that "the contours of a deal" with South Korea could be coming together. Stock futures tied to the Dow Jones Industrial Average were little changed Tuesday night after the blue-chip index posted its longest winning run since July. Futures tied to the 30-stock Dow fell 6 points, or 0.01%. S&P 500 futures slipped 0.2%, while Nasdaq 100 futures lost 0.4%. Overnight stateside, the three major averages closed higher. The Dow Jones Industrial Average rose on Tuesday, hitting its highs of the day. The Dow climbed 300.03 points, or 0.75%, to close at 40,527.62. The S&P 500 gained 0.58%, ending at 5,560.83. Both indexes posted a sixth straight positive day, marking the longest win streak since July for the Dow and since November for the S&P 500. The Nasdaq Composite advanced 0.55%, settling at 17,461.32. — CNBC's Sean Conlon, Alex Harring and Erin Doherty contributed to this report. The three major averages rose on Tuesday. The Dow Jones Industrial Average jumped 300.03 points, or 0.75%, to finish at 40,527.62. The S&P 500 gained 0.58% to close at 5,560.83, and the Nasdaq Composite rose 0.55% to end at 17,461.32. — Sean Conlon John Paulson, who made a killing during the great financial crisis, sees gold rising to almost $5,000 an ounce by 2028 amid trade tensions and central banks' buying, according to an interview with Reuters. Gold is widely viewed as a safe-haven asset and a hedge against rising global uncertainties. The bullion climbed in an unprecedented rally to notch a record high at $3,500.05 an ounce last week. "It's a well-informed prediction. I think that's a reasonable number," Paulson said. "As central banks and people look to put their money in a more stable source … I think gold will increase its position in the world." The famed investor is the largest shareholder in Idaho gold and antimony developer Perpetua Resources. He also bought a 40% stake in NovaGold's Donlin gold project in Alaska from Barrick. — Yun Li
CNBC
25-04-2025
- Business
- CNBC
European markets set to open higher as Wall Street notches three-day win streak
European stocks are set to open higher on Friday as investors closely monitor earnings reports from companies amid persistent trade uncertainty. Futures for the pan-European Stoxx 600 index suggest a 0.4% gain at the open, according to FactSet data. Regionally, the U.K.'s FTSE 100 is expected to add 0.2%, Germany's DAX to open higher by 0.3% and France's CAC 40 to rise by 0.6%. The Stoxx Europe 600 index has enjoyed a three-day winning streak so far, gaining 2.4% this week. In a choppy trading session on Thursday, Britain's FTSE index eked out a 0.1% increase to extend its winning streak for a ninth trading day, notching its longest positive run since 2019. Corporate earnings were also in focus on Friday, with jet engine maker Safran , marketing giant WPP, defense contractor Saab AB, and building materials firm Holcim reporting results. In Asia, markets rose after Wall Street gained for a third straight day as tech stocks rallied, with investors assessing the trade climate as the U.S. tones down tariff rhetoric and China reportedly mulls suspending levies. Japan's benchmark Nikkei 225 rose 1.88% and the Topix added 1.41%. South Korea's Kospi climbed 1.07% while the small-cap Kosdaq rose 0.86% as South Korea also reportedly inches closer to striking a trade deal with the U.S. Australian markets are closed for a holiday. — CNBC's Sean Conlon and Lee Ying Shan contributed reporting.
BBC News
22-03-2025
- Entertainment
- BBC News
Kicking off tour in Cardiff will be a 'special' moment, say Five
Nineties British boyband Five are ready to "get on up" when they kick off their massive UK arena tour in been a long time coming for many, but fans in the Welsh capital will be the very first to see the original group on stage together after a 25 year hiatus, with the boys saying it will be a "special" and "emotional" moment. The group - Sean Conlon, Ritchie Neville, Scott Robinson, Abz Love and Jason "J" Brown - haven't performed as a five-piece since they broke up in 2001, amid burnout, mental breakdown and backstage the band believe they will enjoy their success much more this time around. The group sold more than 20 million records in the late 1990s and early 2000s, and announced in February they were reuniting for a UK arena tour. "I'm so emotional about this. To have my brothers back does feel really, truly special," Scott told BBC Radio Wales."Cardiff really is going to be a special moment, because we open the tour in Cardiff. The 30 seconds before we go out, I think there will be some tears, I really do."The band were unsure whether the tour tickets would sell, J said, adding: "After being away for a quarter of a century you really don't know how you're going be received."But Ritchie said he thinks it's even better this time around: "There's something so magical, I never thought this could ever be a reality that the five of us are going out and doing it again." In the 25 years apart and band members going their separate ways, Abz moved to Carmarthenshire to escape the limelight and became a farmer."I am not a farmer by any means, but I loved it. I had a couple of pigs, two alpacas, two horses, five ducks, a couple of geese, five dogs, three or four feral cats. "I love Wales so much, I love the people, I was a resident for about two or three years. "The people are so beautiful so friendly, so yeah, you could say the gig is a bit of a homecoming." Five were formed in 1997, in a gruelling audition process that saw more than 3,000 aspiring singers audition for former Spice Girl managers Bob and Chris Herbert. The band were then signed by Simon Cowell to RCA Records on a five-album hits, including Everybody Get Up, Got The Feelin' and If Ya Gettin' Down, came thick and fast, but the recent BBC documentary Boybands Forever highlighted the pressures the band felt, with a gruelling schedule of performances, press and promotion."Back in that time, a band of our music, they just thought they needed to make as much money as possible because it's going to be short-lived," said Sean. "They never thought a band of our nature would be doing an arena tour. There were some tough times, but there were some great times too." Known for their synchronised dance routines, the group plan to keep on movin' and bring them back to the stage once again, even if they are a little rusty."It does come back when you start getting back into the swing of things again, rehearsals, the moves, 'oh I'm meant to go up there, and go down there'," said Abz. "But I do need a little reminder of the lyrics, so I will be going back through the albums and reminding myself which parts were mine and what I'm actually singing where and when.""I'm feeling pretty good about the moves," said Ritchie."I can't wait to get back out there and thrust me hips again." The 25-date tour kicks off in Cardiff on 29 October and 2 November can hear Five on BBC Radio Wales at 12:00 BST on Saturday 21 March and on BBC Sounds.
