Yahoo Finance - Stock Market Live, Quotes, Business & Finance News

Latest News

Union says nearly 100,000 workers joined Volkswagen strikes across Germany

Almost 100,000 workers joined walkouts at Volkswagen's German plants on Monday in protest at management plans to cut wages and even close sites at Europe's biggest carmaker, the IG Metall union said, threatening further industrial action. With two-hour strikes by workers on morning shifts and early walkouts on evening shifts, a total of 98,650 employees at nine plants across Germany took part in the industrial action, said the union on Tuesday.

Reuters 16 minutes ago

Space firms plot new European satellite venture to take on Starlink

Europe's Airbus, Thales and Leonardo are exploring plans to set up a new joint space company as they look to compete with Elon Musk's Starlink. "Project Bromo", named after an Indonesian volcano, envisages a standalone European satellite champion modelled on missile maker MBDA, which is owned by Airbus, Leonardo and BAE Systems, three people familiar with the matter said.

Wall Street Short Sellers Throwing In the Towel, Citigroup Says

(Bloomberg) -- Short-sellers are capitulating as the S&P 500 Index keeps hitting record highs and is set for its best year since 2021, while positioning on European stocks remains bearish, further widening the gap between the two markets, according to Citigroup Inc. strategists.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionInvestor positioning in S&P 500 futures is “completely one-sided,” the st

Trump tariffs could weigh on European growth and inflation, ECB's Cipollone says

Import tariffs expected to be implemented by the administration of U.S. President-elect Donald Trump could lower economic growth and inflation in the 20 nations sharing the euro, European Central Bank board member Piero Cipollone said on Tuesday. Most economists agree that the possible tariffs would impact growth, though views diverge on the effect on consumer prices. Cipollone, speaking in a pre-recorded interview at a financial conference, took the opposing view.

European Stocks Gain With France, US Data in Focus: Markets Wrap

(Bloomberg) -- European stocks gained as investors tracked developments in France’s political drama and prepared for the busy week of US economic data.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionTechnology shares helped fuel a fourth day of gains for Europe’s Stoxx 600 index, boosted by milder-than-feared US curbs on Chinese access to vital chip and AI components. Germany’s main equity benchma

Tesla's China-made EV sales drop 4.3% in November as rival BYD hits fresh record

Chinese rival BYD hit yet another monthly record high in November with passenger vehicle sales up 67.2% year-on-year.

Biggest Hedge Funds Reaped Gains on Trump Trade in November

(Bloomberg) -- The world’s biggest hedge funds made the most of trading opportunities sparked by Donald Trump’s reelection last month, keeping the industry on track to post its strongest returns in at least four years.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionBalyasny Asset Management’s hedge fund made 3.9% during the month, according to people with knowledge of the matter. That helped turn

Nomura Cuts CEO Pay After Ex-Worker Charged With Robbery

(Bloomberg) -- Nomura Holdings Inc.’s chief executive officer and other senior managers will take pay cuts as the Japanese investment bank unveiled further remedial steps following allegations of robbery and attempted murder by a former employee.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionCEO Kentaro Okuda, who is also president of Nomura’s domestic securities unit, will return 30% of his sala

Traders Defy China's Yuan Support, Sending Currency to One-Year Low

(Bloomberg) -- Traders defied China’s efforts to support the yuan, sending the currency to a one-year low on bets policymakers will have to keep easing monetary policy to revive the economy.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionThe yuan was dragged down as the nation’s 10-year bond yields slid to a record on concern the economic malaise will worsen further due to expected higher tariffs

China bans exports of gallium, germanium, antimony to US

(Reuters) -China will ban exports to the U.S. of items related to gallium, germanium, antimony and superhard materials that have potential military applications, its commerce ministry said on Tuesday, a day after Washington's latest crackdown on China's chip sector. Beijing's directive on so-called dual-use items, which cites safeguarding national security and interests and takes immediate effect, also requires stricter review of end-usage for graphite items shipped to the United States. "In principle, the export of gallium, germanium, antimony, and superhard materials to the United States shall not be permitted," the ministry said.

China Ends Last Australia Meat Processor Bans, Albanese Says

(Bloomberg) -- China has now lifted all restrictions on exports from Australian meat works, Prime Minister Anthony Albanese said, marking a new milestone in warming relations between the two governments.Most Read from BloombergRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsAs Wars Rage, Cities Face a Dark New Era of Urban DestructionBeijing has ended its ban on the final two Australian meat processors that had been restricted from selling to China, Albanese said in a statement on