Breaking News: Markets
JPMorgan Chase reports $524 million hit from market dislocations caused by Russia sanctions
Jamie Dimon, Chairman and CEO of JP Morgan Chase. Adam Jeffery | CNBC JPMorgan Chase said Wednesday that first-quarter profit fell sharply from a year earlier, driven by increased costs for bad loans and market upheaval caused by the Ukraine war. Here are the numbers: Earnings: $2.63 a share (unclear if comparable to $2.69 estimate). […]
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Stocks making the biggest moves premarket: Delta, JPMorgan, BlackRock and more
Check out the companies making headlines before the bell: Delta Air Lines (DAL) – Delta rallied 6.6% in the premarket after reporting a smaller-than-expected quarterly loss and predicting a current-quarter profit. The airline also said monthly revenue exceeded pre-pandemic levels for the first time in March. JPMorgan Chase (JPM) – The bank reported quarterly earnings […]
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Asia-Pacific stocks mixed after hot U.S. inflation report; China’s trade data ahead
SINGAPORE — Shares in Asia-Pacific were mixed in Wednesday morning trade as investors watched for market reaction to the release of a slightly hotter-than-expected U.S. inflation report. China’s trade data for March is also expected at 11:00 a.m. HK/SIN today. Chinese stocks traded in negative territory ahead of the trade data release, as concerns around […]
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Stock futures inch higher following highest inflation data in decades
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, April 4, 2022. Brendan McDermid | Reuters Stocks futures inched higher in overnight trading as investors weighed the latest inflation data for March. Futures on the Dow Jones Industrial Average rose 20 points or 0.06%, while S&P 500 futures […]
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Cathie Wood explains why she’s been selling Twitter amid Elon Musk board drama
Cathie Wood said Tuesday she’s dumping her Twitter stake following the recent drama surrounding its management and board of directors. Source
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Investing Club: Here’s why we’re reversing last month’s downgrade of American Eagle
With shares trading at 8 times earnings with a 4.3% dividend yield and management finally acknowledging the low valuation of the company, we are having a hard time continuing to be so pessimistic about this name. Source
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Concerned about inflation? Here’s why stock investors should stay the course, says Ritholtz COO
For stock investors pondering how to ride out the worst bout of inflation in four decades, don’t worry and stay the course, according to Nick Maggiulli, chief operating officer at Ritholtz Wealth Management. Prices that consumers pay for everyday items surged a whopping 8.5% in March, the highest levels since the early days of the […]
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Stocks making the biggest moves midday: Chipotle, PG&E, Marathon Oil and CarMax
A person wearing a protective mask enters a Chipotle restaurant in San Francisco, California, U.S., on Monday, April 19, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. CarMax — CarMax shares dipped more than 8% after reporting a beat on revenue but a miss on […]
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Consumer prices rose 8.5% in March, slightly hotter than expected and the highest since 1981
Prices that consumers pay on everyday items surged in March to their highest levels since the early days of the Reagan administration, according to Labor Department data released Tuesday. The consumer price index, which measures a wide-ranging basket of goods and services, jumped 8.5% from a year ago on an unadjusted basis, above even the […]
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Stocks making the biggest moves in the premarket: PG&E, Hewlett Packard Enterprise, CarMax and more
Take a look at some of the biggest movers in the premarket: PG&E (PCG) – The California utility’s shares jumped 2.3% in the premarket after it reached legal settlements over two fires in Northern California. PG&E will pay $55 million and will not face any criminal prosecution over those fires. Hewlett Packard Enterprise (HPE) – […]
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