Economy
5 things to know before the stock market opens Tuesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to rise after S&P 500 hits lowest level in over a year Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, March 22, 2022. Brendan McDermid | […]
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UK government focuses on cost of living crisis in Queen’s Speech overshadowed by her absence
Britain’s Prince Charles, Prince of Wales, sits by the The Imperial State Crown in the House of Lords Chamber, during the State Opening of Parliament. Ben Stansall | Afp | Getty Images LONDON — The U.K. government on Tuesday vowed to focus on economic growth in order to address the country’s spiraling cost of living […]
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Philippine central bank chief says he’s ‘not concerned’ about recent peso weakness
There are multiple reasons why the Philippines’ central bank chief, Benjamin Diokno, is “not concerned” about recent weakness in the peso against the dollar. As of Tuesday morning during Asia trading hours, the peso has weakened more than 2.5% against the greenback so far this year. It last traded at 52.38 per dollar, after Reuters […]
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Stock futures are slightly higher after S&P 500 falls to its lowest level in more than a year
Traders on the floor of the NYSE, May 6, 2022. Source: NYSE U.S. stock futures are slightly higher on Monday night after the S&P 500 fell to its lowest point in more than a year. Dow Jones Industrial Average futures rose by 65 points, or 0.2%. S&P 500 and Nasdaq 100 futures climbed 0.2% and […]
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Stocks making the biggest moves after hours: AMC, Novavax and more
An AMC theatre is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. Carlo Allegri | Reuters Check out the companies making headlines after hours. AMC — Shares jumped 4% after the entertainment company reported its “strongest first quarter in two full years” […]
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In today’s environment, the notion that the stock market isn’t the economy doesn’t hold up anymore
A Wall Street subway station near the New York Stock Exchange (NYSE) in New York, on Monday, Jan. 3, 2022. Michael Nagle | Bloomberg | Getty Images The stock market may not literally be the economy, but the distinction between the two is getting increasingly harder to draw. With household ownership of stocks scaling new […]
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Yellen says financial system working well despite ‘potential for continued volatility’
U.S. Treasury Secretary Janet Yellen testifies during a hearing before Senate Banking, Housing and Urban Affairs Committee on Capitol Hill November 30, 2021 in Washington, DC. Alex Wong | Getty Images Treasury Secretary Janet Yellen believes the U.S. financial system is in working order, but that Russia’s invasion of Ukraine and China’s Covid-19 lockdowns are […]
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Stocks making the biggest moves midday: Palantir, Rivian, Uber and more
Peter Thiel, co-founder and chairman of Palantir Technologies Inc., pauses during a news conference in Tokyo, Japan, on Monday, Nov. 18, 2019. Kiyoshi Ota | Bloomberg | Getty Images Check out the companies making headlines in midday trading Monday. Palantir – Shares of the software company dropped more than 18% after Palantir’s first-quarter earnings came […]
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Big travel company CEOs hope market, economic turmoil won’t derail a summer season rebound
As economic pundits raise fears about a recession, the most powerful names in travel and hospitality are pushing back, pointing to bookings that illustrate a positive picture of the American consumer. “We think this summer is going to be gangbusters for travel,” Marriott CEO Tony Capuano told last week. Marriott saw an 81% rise in […]
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Fed’s Neel Kashkari confident inflation can come down, but not without some pain
Neel Kashkari Anjali Sundaram | CNBC Minneapolis Federal Reserve President Neel Kashkari said Monday he’s confident inflation will come back to normal though it’s taking longer than he expected. Acknowledging that he was on “team transitory” in believing that surging prices wouldn’t last, he said persistent supply-demand imbalances have generated the highest inflation levels in […]
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