Finance
Stocks making the biggest moves premarket: GameStop, Seagen, Virgin Galactic and more
Check out the companies making headlines before the bell: GameStop (GME) – GameStop rallied 7.8% in the premarket after the videogame retailer declared a 4-for-1 stock split. Trading on a split-adjusted basis will begin on July 22. Seagen (SGEN) – Seagen gained 4.5% in premarket trading after the Wall Street Journal reported that Merck (MRK) […]
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Fed sees ‘more restrictive’ policy as likely if inflation fails to come down, minutes say
Federal Reserve officials in June emphasized the need to fight inflation even if it meant slowing an economy that already appears on the brink of a recession, according to meeting minutes released Wednesday. Members said the July meeting likely also would see another 50- or 75-basis point move. A basis point is one one-hundredth of […]
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The job market is still ‘red hot’ despite recession fears, as the Great Resignation continues
Mixetto | E+ | Getty Images Workers are still reaping the benefits of a hot job market characterized by few layoffs, ample job openings and a high level of voluntary departures, according to U.S. Department of Labor data issued Wednesday. The numbers reveal that the pandemic-era trend known as the “Great Resignation” is still in […]
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Stocks making the biggest moves premarket: Uber, DoorDash, Spirit, Altria and more
Check out the companies making headlines before the bell: Uber (UBER), DoorDash (DASH) – Uber fell 3.1% in the premarket while DoorDash tumbled 7.5%, following the news that Amazon (AMZN) struck a deal to add membership in rival food delivery service Grubhub as a free benefit for its “Prime” members. Amazon’s deal also gives it […]
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Stocks making the biggest moves midday: Oil stocks, Ford, Crocs and more
Check out the companies making headlines in midday trading. Ford Motor — Shares of the carmaker dropped 1% and hit a new 52-week low after the company reported a slight increase in new vehicle sales for the second quarter that missed automotive analysts’ expectations. The company said sales rose 1.8% to 483,688 new vehicles in […]
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Stocks making the biggest moves premarket: Tesla, Occidental Petroleum, Exxon Mobil and more
Check out the companies making headlines before the bell: Tesla (TSLA) – Tesla delivered 254,695 vehicles during the second quarter, down 17.9% from the first quarter and below what analysts had predicted. China’s Covid-19 shutdowns were a key factor in holding back production. Tesla fell 1% in premarket trading. Occidental Petroleum (OXY) – Occidental gained […]
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Stock futures are flat after another losing week on Wall Street
Traders on the floor of the NYSE, July 1, 2022. Source: NYSE Stock futures were flat in overnight trading after the major averages finished another losing week. Stock futures tied to the Dow Jones Industrial Average slipped 30 points or 0.11%. S&P 500 futures dipped 0.08%, and Nasdaq 100 futures fell 0.04%. The moves come […]
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British Army’s Twitter and YouTube accounts hacked to promote cryptocurrency scams
A screenshot of the British Army’s Twitter profile when it was hacked, via Wayback Machine. Its profile and banner pictures were changed to resemble a nonfungible token collection called “The Possessed.” A hacker compromised the social media accounts of the British Army to push people toward cryptocurrency scams. The army’s Twitter and YouTube profiles were […]
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Investment banks trumpet fresh ideas in new second-half stock trades
Major investment banks expect the stock market’s volatility to continue in the second half of 2022. A brutal market sell-off saw the S & P 500 suffer its worst first half since 1970 as the Nasdaq Composite plummeted deep into a bear market. Meanwhile, the Federal Reserve kickstarted an aggressive rate hiking cycle to curb […]
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FTX signs a deal giving it the option to buy crypto lender BlockFi
Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images FTX has signed a deal giving it the option to buy crypto lending company BlockFi. The agreement gives FTX the ability to buy BlockFi at a maximum price […]
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