Stock market today: Asian shares edge lower after Wall Street sets more records

HONG KONG — Asian markets were mostly lower in cautious trading on Wednesday after U.S. stocks hit new record highs.that its trade deficit rose last month as rising costs for imports outpaced an 8% rise in exports from the year before. The data were weaker than analysts had forecast.

Lam Research also helped support the market after the supplier for the semiconductor industry announced a program to buy back up to $10 billion of its own stock. The company said it will undergo a 10-for-one stock split, which would bring down each share’s price and make it more affordable to more investors. Its stock rose 2.3%.

Rates for mortgages, credit cards and other payments have become more expensive because the Federal Reserve has been keeping its main interest rate at the highest level in more than two decades. It’s trying to pull off a tightrope walk where it grinds down on the economy just enough through high interest rates to snuff out high inflation but not so much that it causes a painful recession.

RICHMOND, B.C. — Retailer London Drugs says it is "unwilling and unable" to pay a multimillion-dollar ransom to cybercriminals who claim to have stolen data in a hacking attack that recently shut down its stores for more than a week. The company says in a statement that the criminals could leak stolen corporate files containing employee information on the dark web, calling the situation "deeply distressing.

A Once-in-a-Generation Investment Opportunity: 1 High-Yield Dividend Stock to Buy Now and Hold Forever This May

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock market today: Asian stocks advance after Wall Street closes out another winning weekHONG KONG (AP) — Asian stocks advanced Monday after U.S. stock indexes drifted around their records on Friday with the Dow Jones Industrial Average closing...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Asian markets follow Wall Street higher ahead of key inflation updateHONG KONG (AP) — Asian stocks were mostly higher on Wednesday after a rally on Wall Street that took the Nasdaq composite index to a record high. A report...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Asian shares mixed in muted trading after Wall Street barely budgesTOKYO (AP) — Asian shares were mixed in muted trading Tuesday after U.S. stock indexes were little changed ahead of the release of inflation data. Japan's...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Asian stocks drift after Wall Street closes another winning weekHONG KONG (AP) — Asian stocks were mostly lower on Monday after Wall Street coasted to the close of another winning week. U.S. futures were mixed and oil...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Asian shares mixed after Wall Street's lull stretches to a 2nd dayHONG KONG (AP) — Asian shares were mixed on Thursday after Wall Street’s lull stretched into a second day, with Chinese benchmarks rising after China...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Asian shares rise, cheered by last week's tech rally on Wall StreetTOKYO (AP) — Asian shares were trading higher Monday amid optimism over the rally that ended the week on Wall Street, although eyes were on the Federal...
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »