Global Shipping Stocks Sink After US Dockworkers Pause Strike

-- Shipping stocks slumped worldwide after a strike by US dockworkers was suspended after only three days, spurring predictions of a decline in the price of transporting goods by sea.A Housing Crisis Brews in Rwanda’s Capital City

“Now the strike has lasted just 72 hours we see limited knock on effects and expect freight rates will continue to normalize,” Alexia Dogani and colleagues wrote in a note. Tokyo-listed Kawasaki Kisen Kaisha closed down 9.7%, while Pan Ocean Co. fell 5.4% in South Korea and Hong Kong-listed Cosco dropped 7.3%.

The chief operating officer of Truth Social's parent company has resigned and the company must hand over almost 800,000 shares to one of its investors as part of a court ruling, according to a regulatory filing. COO Andrew Northwall resigned from Trump Media & Technology Group Corp. late last month, according to the Securities and Exchange Commission filing, adding that the company plans to “transition his duties internally.

ClearBridge Investments, an investment management company, released its “ClearBridge Large Cap Value Strategy” third quarter 2024 investor letter. A copy of the letter can be downloaded here. In the third quarter, increased volatility was caused by weak employment reports, leading to a brief correction in parts of the U.S. equity market.

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Shipping stocks slide after US port strike endsShares in shipping companies fell heavily across Asia on Friday after workers and U.S. port operators agreed a deal to end a strike on the East and Gulf...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

US Port Strike Suspension Sends Shipping Stocks Slumping WorldwideShipping stocks plummeted globally after a three-day US dockworkers' strike was suspended, with analysts predicting a decline in sea freight prices. Major shipping companies like Maersk and Hapag-Lloyd experienced significant drops, while Asian shares also saw declines.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »

Goldman Sachs Strategists Say Stocks Unlikely to Sink Into Bear MarketUS equities are unlikely to slump 20% or more as the risk of a recession remains low against expected interest-rate cuts from the Federal Reserve, according to Goldman Sachs Group Inc. strategists.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »

Premarket: World stocks mixed after Wall Street extends losses as technology and energy stocks fallSeveral other reports this week will help give a clearer picture of the economy for the Fed and Wall Street
Fuente: globeandmail - 🏆 5. / 92 Leer más »

Asian stocks mixed after Wall Street extends losses as technology and energy stocks fallHONG KONG (AP) — Asian markets were mixed Thursday following a global sell-off a day earlier, as Wall Street declined in the technology, energy and other...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Why software stocks are outperforming chip stocksYahoo Finance markets and data editor Jared Blikre takes a look at broader market trends as stocks continue their rally. This ongoing rally was sparked by...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »