Economy
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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Stocks making the biggest moves midday: Ulta Beauty, Big Lots, Autodesk, Workday and more
Ulta Beauty store. Scott Mlyn | CNBC Check out the companies making headlines in midday trading Friday. Ulta Beauty — The beauty retailer surged 10% following better-than-expected quarterly earnings and revenue. Ulta Beauty also shared a better-than-expected outlook for the full year. American Eagle — The stock dropped 4.2% after the retailer posted weaker-than-expected quarterly […]
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The Fed’s favorite inflation measure rose 4.9% in April in a sign that price increases could be slowing
People shop in a supermarket in Washington, DC, on May 26, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Nicholas Kamm | AFP | Getty Images The Federal Reserve’s preferred inflation gauge rose 4.9% in April from a year ago, a still-elevated level that nonetheless indicated that price pressures could […]
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Stocks making the biggest moves premarket: Big Lots, Hibbett, Pinduoduo and others
Check out the companies making headlines before the bell: Big Lots (BIG) – The discount retailer’s shares tumbled 21.2% in the premarket after missing Wall Street forecasts for quarterly earnings and revenue. The company also reported a larger-than-expected slump in comparable-store sales and issued cautious full-year guidance, saying inflationary pressures reduce discretionary spending. Hibbett (HIBB) […]
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Japan is finally seeing some inflation – but it may not be time to celebrate
Japan’s core consumer prices may be approaching the central bank’s 2% target, but veteran entrepreneur Ernie Higa says it’s not time to cheer yet. “When you talk about inflation, it’s kind of like cholesterol – there’s good cholesterol and bad cholesterol – what we’re experiencing now in Japan is bad inflation,” Higa, chairman & CEO […]
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