Breaking News: Markets
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 […]
Read More
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 […]
Read More
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 […]
Read More
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
Read More
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 […]
Read More
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 […]
Read More
Watch live: Fed Chairman Jerome Powell speaks at NABE annual conference
[The stream is slated to start at 12:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell is slated to speak Monday at the National Association for Business Economics annual conference in Washington, D.C. His remarks come less than a week after […]
Read More
Goldman Sachs announces milestone with first over-the-counter crypto trade with Galaxy Digital
A Goldman Sachs Group Inc. logo hangs on the floor of the New York Stock Exchange in New York, U.S., on Wednesday, May 19, 2010. Daniel Acker | Bloomberg | Getty Images Goldman Sachs is pushing further into the nascent market for derivatives tied to digital assets. The firm is close to announcing that it […]
Read More
Stocks making the biggest moves premarket: Boeing, Anaplan, Nielsen Holdings and more
Check out the companies making headlines before the bell: Boeing (BA) – A Boeing 737-800 jet operated by China Eastern Airlines crashed in the mountains of southern China with 132 people aboard, with no immediate word on casualties. Boeing shares sank 5.8% in the premarket. Anaplan (PLAN) – Anaplan agreed to be bought out by […]
Read More
Benchmark nickel price falls 15% to hit new limit down on London Metal Exchange
Traders, brokers and clerks on the trading floor of the open outcry pit at the London Metal Exchange Ltd. in London, U.K., on Monday, Feb. 28, 2022. Chris J. Ratcliffe | Bloomberg | Getty Images LONDON — Nickel prices resumed their freefall on Monday, with the benchmark three-month contract falling 15% to hit another new […]
Read More