Breaking News: Markets
Carl Icahn says there ‘very well could be a recession or even worse’
Carl Icahn says there ‘very well could be a recession or even worse’ Famed investor Carl Icahn said Tuesday an economic downturn could be on the horizon and he is loaded on protection against a steep sell-off in the market. “I think there could very well could be a recession or even worse,” Icahn said […]
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Investing Club: Goldman Sachs cut its earnings estimates on Ford — here’s what we think
We’re keeping our 1 rating on Ford shares, despite Goldman Sachs cutting its EPS targets for 2022 and lowering its price target. Source
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Crypto investor Katie Haun raises $1.5 billion, the largest debut fund ever by a female VC
Crypto investor Katie Haun has raised $1.5 billion for her new fund after leaving Andreessen Horowitz, and shattered multiple records in the process. Haun Ventures’ kickoff marks the largest debut venture fund ever raised by a solo female founding partner, according to Pitchbook. Former investment banker Mary Meeker held the prior record with a $1.3 […]
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Stocks making the biggest moves midday: Nike, Pfizer, Alibaba, Carnival, GameStop and more
A man with Nike bags talks on the phone in front of a Nike store as Black Friday sales begin at The Outlet Shoppes of the Bluegrass in Simpsonville, Kentucky, November 26, 2021. Jon Cherry | Reuters Check out the companies making headlines in midday trading. Nike — Shares of Nike jumped 3.2% after the […]
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Stocks making the biggest moves in the premarket: Nike, Okta, Alibaba and more
Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike reported quarterly profit of 87 cents per share, 16 cents a share above estimates. Revenue beat estimates as well, helped by an increase in digital sales and its ability to successfully navigate supply chain issues. Nike jumped 6.3% in […]
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Japan’s Nikkei 225 rises more than 1%; Fed’s Powell vows tough action on inflation
Fed watch Fed Chair Powell said Monday that inflation is “much too high,” with the central bank set to “take the necessary steps to ensure a return to price stability.” “In particular, if we conclude that it is appropriate to move more aggressively by raising the federal funds rate by more than 25 basis points […]
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Stock futures are flat after Powell says bigger hikes may be needed to fight inflation
Stock futures were flat in overnight trading after Federal Reserve Chair Jerome Powell said the central bank is open to higher rate hikes to combat rising inflation. Futures on the Dow Jones Industrial Average rose 10 points, while S&P 500 futures Nasdaq 100 futures were flat. Nike shares rose 6% in extended trading on Monday […]
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Investing Club: How we view our Boeing position after the tragic plane crash in China
Many investors were dumping shares of the plane maker Monday on headline risk. That kind of selling isn’t part of our investment strategy. Source
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Powell says ‘inflation is much too high’ and the Fed will take ‘necessary steps’ to address
U.S. Federal Reserve Chairman Jerome Powell addresses an online only news conference in a frame grab from U.S. Federal Reserve video broadcast from the Federal Reserve building in Washington, U.S., January 26, 2022. U.S. Federal Reserve | via Reuters Federal Reserve Chairman Jerome Powell on Monday vowed tough action on inflation, which he said jeopardizes […]
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Stocks making the biggest moves midday: Boeing, Disney, Berkshire Hathaway and more
A Boeing 777X airplane takes off during its first test flight from the company’s plant in Everett, Washington, January 25, 2020. Terray Sylvester | Reuters Check out the companies making headlines in midday trading. Boeing — Shares fell about 4% after a Boeing 737 passenger jet crashed in China with 132 people on board. China’s […]
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