Economy
Wall Street veterans offer 3 trading strategies for investors worried about a recession
Countries like the U.S. and U.K. are grappling with inflation that has risen to multi-year highs as the Ukraine war has caused energy prices to spike and food prices to rise. Angela Weiss | AFP | Getty Images Talk of a recession is heating up, with Wall Street veterans flagging the rising risks of a […]
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India sees a second chance to pivot to the Indo-Pacific in new group that excludes China
U.S. President Joe Biden (R) here seen reviewing an honor guard with Japanese Prime Minister Fumio Kishida in Tokyo, released an economic framework during his visit to Japan last week. The IPEF came as a lifeline for India, which had stayed out of a China-centric pact consisting of Southeast Asian nations in 2020. Pool | […]
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Stocks making the biggest moves midday: American Eagle Outfitters, Unilever, Nio and more
Nio began deliveries of its new ET7, an upscale electric sedan, on Monday, March 28, 2022. Nio Check out the companies making headlines in midday trading. Marathon Oil, Diamondback Energy — Energy stocks rose along with oil prices after an agreement from European Union leaders to ban most crude imports from Russia stoked inflation fears. […]
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Israel signs historic trade deal with UAE, its biggest with any Arab country
Israeli national flags fly alongside United Arab Emirates national flags on the side of a road in Netanya, Israel, on Monday, Aug. 17, 2020. Kobi Wolf | Bloomberg | Getty Images DUBAI, United Arab Emirates — Israel and the United Arab Emirates on Tuesday penned a multi-billion dollar free trade agreement, the latest product of […]
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5 things to know before the stock market opens Tuesday
1. S&P 500 futures are lower after snapping long losing streak Traders on the NYSE, May 20, 2022. Source: NYSE S&P 500 futures were lower Tuesday morning, as Wall Street resumes trading following the Memorial Day holiday. Stocks posted strong gains last week, ending seven-week losing streaks for the S&P 500 and Nasdaq Composite and […]
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Stocks making the biggest moves premarket: Yamana Gold, Credit Suisse, Unilever and more
Check out the companies making headlines before the bell: Yamana Gold (AUY) – The Canadian gold producer agreed to be acquired by Gold Fields (GFI) in an all-stock deal valued at $6.7 billion. Yamana Gold shareholders will receive 0.6 Gold Field shares for each share they now hold. Yamana surged 14.9% in the premarket while […]
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S&P 500 futures rise following last week’s bounce
Traders on the floor of the NYSE, May 23, 2022. Source: NYSE S&P 500 futures rose on Monday night, as Wall Street tried to build on last week’s momentum. Dow Jones Industrial Average futures gained 21 points, or 0.1%. S&P 500 and Nasdaq 100 futures climbed 0.3% and 0.7%, respectively. The U.S. stock market didn’t […]
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Fed Governor Christopher Waller says he’s prepared to take rates past ‘neutral’ to fight inflation
Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, listens during a Senate Banking Committee confirmation hearing in Washington, D.C., on Thursday, Feb. 13, 2020. Andrew Harrer | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller said Monday he sees interest rate increases continuing through the rest of the year […]
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Global recession? Not yet, economists say — but brace for high prices, low growth
A global recession is not imminent, but brace for rising costs and slower growth, economists say. “There will be no sudden ‘after’ of stagflation,” said Simon Baptist, global chief economist at the Economist Intelligence Unit, referring to a surprise recession after a period of stagflation. As the war in Ukraine and pandemic disruptions continue to wreak havoc on […]
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Help (mostly) wanted: A diverging job market boosts some workers’ prospects and puts others on notice
A help wanted sign is displayed in the window of a Brooklyn, New York business. Spencer Platt | Getty Images Cracks are forming in the U.S. labor market as some companies look to curb hiring while others are desperate for employees. Microsoft, Twitter, Wayfair, Snap and Facebook-parent Meta recently announced they plan to be more […]
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