World
Fund management exec, whose firm manages $1.4 trillion, reveals where clients are focused right now
Joseph Pinto from Natixis explains where investors are putting their money at this uncertain time. Source
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Asia-Pacific stocks are set for opening declines following Wall Street drop
SINGAPORE — Shares in Asia-Pacific looked set for a lower open on Wednesday after overnight losses saw the tech-heavy Nasdaq Composite sliding to a fresh low for 2022. Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 26,125 while its counterpart in Osaka was at 26,000. That […]
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3 things are pulling the market down, but only one needs to settle to find a bottom, Cramer says
CNBC’s Jim Cramer on Tuesday said that while there are three economic and geopolitical issues currently roiling the market, only one needs to resolve for the market to bottom. “There are three culprits behind our decline: The [Federal Reserve], Russia and China. Any one of them could put an end to this meltdown,” the “Mad […]
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Nasdaq futures fall following Tuesday’s sharp losses for stocks
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, April 14, 2022. Brendan McDermid | Reuters Nasdaq 100 futures fell on Tuesday night after the major averages continued their April sell-off amid concerns of an economic slowdown. Dow Jones Industrial Average futures rose 31 points, or 0.1%. S&P […]
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Robinhood cutting about 9% of full-time employees
Retail brokerage firm Robinhood is cutting back staffing levels, citing “duplicate roles and job functions” after rapid expansion last year. CEO Vlad Tenev made the announcement in a blog post on Tuesday afternoon. Shares fell more than 4% in extended trading. The move will affect about 9% of full-time employees. Robinhood reported 3,800 full-time employees […]
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Alphabet reports miss on earnings and revenue
Alphabet CEO Sundar Pichai gestures while speaking during a discussion on artificial intelligence at the Bruegel European economic think tank in Brussels, Belgium, on Jan. 20, 2020. Geert Vanden Wijngaert | Bloomberg | Getty Images Alphabet reported first quarter earnings after the bell. Here are the results: Earnings per share (EPS): $24.62 per share, vs. […]
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Biden blocks sales of inefficient lightbulbs, reversing Trump-era policy
U.S. President Joe Biden delivers remarks about climate change and protecting national forests on Earth Day at Seward Park in Seattle, Washington, April 22, 2022. Jonathan Ernst | Reuters The Biden administration on Tuesday announced new energy efficiency regulations that will phase out old-fashioned incandescent lightbulbs, a move that will drive down electricity use and […]
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This is why inflation is painting a dark picture for the stock market outlook
Runaway inflation is not only making life tougher on consumers, it also is making stocks less attractive. Source
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Russian gas supplies to Poland halted, Polish media reports
Gas pipelines of Russian state-owned energy giant Gazprom. Andrey Rudakov | Bloomberg | Getty Images Russian gas supplies under the Yamal contract to Poland have been halted, private broadcaster Polsat News and the Onet.pl website reported, citing unnamed sources. PGNiG SA, which buys gas from Gazprom under a long-term contract that expires this year, declined […]
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Elon Musk’s Twitter takeover sets him on a collision course with Europe
Thierry Breton, a former CEO of French IT consulting firm Atos, is seen as a key architect of the European Union’s digital reforms. Anadolu Agency | Getty Images After Elon Musk’s $44 billion deal to buy Twitter, EU officials have a message for the eccentric tech billionaire: follow the rules. Over the weekend, the European […]
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