Economy
5 things to know before the stock market opens Thursday
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, July 13, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Another weak morning for stocks Just days ago, investors toasted a winning week in the […]
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Stocks making the biggest moves premarket: JPMorgan, Taiwan Semiconductor, Ericsson and more
Check out the companies making headlines before the bell: JPMorgan Chase (JPM) – JPMorgan Chase was down 2.9% in premarket trading after falling 12 cents shy of estimates with a quarterly profit of $2.76 per share. It also announced it was temporarily suspending share buybacks. CEO Jamie Dimon said inflation, waning consumer confidence and other […]
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Embattled crypto lender Celsius informs state regulators that it’s filing for bankruptcy ‘imminently,’ source says
Celsius on Thursday was sued by former investment manager Jason Stone, as pressure continues to mount on the firm amid a crash in cryptocurrency prices. Stone has alleged, among other things, that Celsius CEO Alex Mashinsky (above) was “able to enrich himself considerably.” Piaras Ó Mídheach | Sportsfile for Web Summit | Getty Images Crypto […]
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Stock futures slip after Wednesday’s session as Wall Street awaits bank earnings
Stock futures slipped Wednesday night as traders look ahead to earnings from major U.S. banks. Dow Jones Industrial Average futures shed 117 points, or 0.38%. S&P 500 and Nasdaq 100 futures were down 0.41% and 0.47%, respectively. Stocks slipped during Wednesday’s session after June inflation data came in hotter than expected, hitting its highest level […]
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Stocks making the biggest moves midday: Twitter, Unity Software, Delta Air Lines and more
The logo and trading symbol for Twitter is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, July 11, 2022. Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Unity Software — Shares tumbled 17% after the interactive software company announced a […]
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5 things to know before the stock market opens Wednesday
Traders work on the floor of the New York Stock Exchange (NYSE) on May 12, 2022 in New York City. The Dow Jones Industrial Average fell in morning trading as investors continue to worry about inflation and other global issues. Spencer Platt | Getty Images Here are the most important news items that investors need […]
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Stocks making the biggest moves premarket: Delta Air Lines, Twitter, Snap and more
Check out the companies making headlines before the bell: Delta Air Lines (DAL) – Delta shares slid 2.9% in the premarket after reporting a mixed quarter. The airline earned an adjusted $1.44 per share for the second quarter, shy of the $1.73 consensus estimate. Revenue exceeded estimates on strong travel demand, but margins took a […]
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U.S. Treasury diplomat nominee aims to curb China’s lending influence
Jay Shambaugh, associate professor of economics at the George Washington University, speaking at a macro policy discussion in the U.S. on Wednesday, April 17, 2013. The nominee for the U.S. Treasury’s top economic diplomacy job said on Tuesday he wants to limit China’s growing global lending influence by working with international financial institutions and development […]
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Stocks making the biggest moves midday: Gap, Peloton, Boeing, American Airlines, Twitter and more
A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Gap — Shares of the apparel retailer dropped more than 5% after Gap announced Monday that CEO Sonia Syngal is stepping down from her position. Wells Fargo downgraded the stock to equal weight […]
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OnePlus co-founder makes smartphone comeback with a quirky iPhone competitor
The Nothing Phone 1. Nothing The co-founder of Chinese smartphone brand OnePlus, Carl Pei, is back with a new handset — only this time it’s with a different company, literally called Nothing. Pei’s peculiarly named start-up officially pulled the wraps off its debut smartphone Tuesday, after months of dropping hints and teasers about the look […]
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