Economy
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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5 things to know before the stock market opens Monday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Nasdaq futures over drop 2% as stocks continue to sell off Traders on the floor of the NYSE, May 6, 2022. Source: NYSE The Nasdaq was poised to lead Wall Street lower again Monday, with futures tied […]
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Interest rates are surging — here’s how to protect your money
An entire generation is experiencing higher interest rates for the first time in their adult lives. Interest rates have been at historic lows since the global financial crisis — but they’re beginning to creep up. An entire generation of people is experiencing higher interest rates for the first time in their adult lives. Interest rates […]
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After Covid-era boom, newly public tech stocks hit first major hurdles
It was fun while it lasted, but after years of sky-high valuations, Silicon Valley is engulfed in its worst sell-off since the 2008 stock market crash. After a pandemic-fueled boom sent tech names soaring, many of those businesses have seen the worst six months of their lives as publicly traded companies. Peloton, the exercise startup, is emblematic […]
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