Month: May 2022
5 things to know before the stock market opens Friday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow futures pop after the 30-stock average’s six-session losing streak The Twitter logo and trading information is displayed as a trader works on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., […]
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Morgan Stanley upgrades Ford, says parts of the automaker’s business are underestimated
After a significant pullback in Ford Motor ‘s share price this year, Morgan Stanley is taking another look at the auto stock. Shares of Ford are down 40% this year, underperforming the S & P 500’s 17.5% decline. “We believe the ‘run-off’ value of Ford’s authentic/emotional ICE (internal combustion engine) vehicles and fleet-oriented commercial end […]
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United reaches new contract deal with pilots union, the first of the major airlines in pandemic
Boeing 777ER United Airlines. Aircraft to Fiumicino Leonardo da Vinci Airport. Massimo Insabato | Mondadori Portfolio | Getty Images United Airlines and its pilots’ labor union have reached an agreement on new contract terms, the first of the major carriers to strike a deal since the start of the pandemic. The crisis roiled the industry […]
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Novavax confident Covid vaccine will receive FDA authorization in June after delays
Novavax is confident its Covid-19 vaccine will receive the endorsement of the Food and Drug Administration’s advisory committee early this summer, executives said this week. The FDA committee is scheduled to meet on June 7 to review Novavax’s submission. An endorsement from the committee, which is made up of independent experts, would mean the drug […]
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Stocks making the biggest moves premarket: Twitter, Affirm, Robinhood and more
Check out the companies making headlines before the bell: Twitter (TWTR) – Twitter tumbled 14.6% in premarket trading after Elon Musk tweeted that his deal to buy the company was “temporarily” on hold, as he awaits details on the number of fake and spam accounts on the platform. Affirm Holdings (AFRM) – Affirm reported a […]
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UAE President Sheikh Khalifa bin Zayed has died at age 73
The President of the United Arab Emirates, His Highness Sheikh Khalifa bin Zayed Al Nahyan, passed away on Friday May 13, 2022, the Ministry of Presidential Affairs announced. In this 2013 photo, he is greeted by Queen Elizabeth II and Prince Philip, the Duke of Edinburgh on the Royal Dais on April 30, 2013 in […]
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European stocks climb as global markets look for rebound; Stoxx 600 up 1.4%
LONDON — European stocks bounced on Friday as global markets looked to regain some ground after a bruising week, with investors assessing the outlook for inflation and interest rates. The pan-European Stoxx 600 added 1.4% by around noon, with travel and leisure stocks jumping 3% to lead gains as all sectors and major bourses traded […]
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It’s ‘reckless’ to talk about defeating Russia, says former advisor to the Soviet Union
Russia has “considerable firepower” and it’s reckless to talk about defeating the country, according to a former economic advisor to the Soviet Union. Jeffrey Sachs, now an economics professor at Columbia University, said the U.S. seems to believe it can beat Russia militarily, and the West is supporting Ukraine in its effort to push Russia […]
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World’s biggest stablecoin regains dollar peg after $3 billion in withdrawals
Tether has long faced questions over whether it has enough assets to justify its peg to the dollar. Tiffany Hagler | Bloomberg via Getty Images Tether, the world’s largest stablecoin, regained its peg to the dollar after more than $3 billion worth of tokens left the system in a single day. The cryptocurrency — which […]
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Elon Musk says Twitter deal on hold pending details on fake accounts; shares plunge 19%
Elon Musk, during an event at SpaceX headquarters in Hawthorne, California, U.S., on Thursday, Oct. 10, 2019. Bloomberg /Getty Elon Musk announced Friday that the Twitter deal is on hold until he receives more information about how many fake accounts there are on the platform. Twitter’s stock plummeted 19% following the announcement. A spokesperson for […]
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