Markets
Nickel falls 8% to hit limit down in chaotic trade on London Metal Exchange
LONDON — The benchmark three-month nickel contract fell 8% on Thursday morning to hit its new trading limit, as heavy selling continued in metal markets. The price hit $41,945 a metric ton as it opened for trade, according to Refinitiv data. Nickel prices more than doubled in a matter of hours on March 8, climbing above $100,000 […]
Read More
Kay Jewelers parent Signet expects to keep taking market share, investing in growth, says CEO
Signet Jewelers expects to further expand its market share in the coming years, CEO Gina Drosos told CNBC on Thursday, contending the company’s successful transformation has made those ambitions realistic. “What I think is very exciting is we now have the financial fitness to invest in our business consistent and to drive share gains over time,” […]
Read More
Stock futures fall slightly as S&P 500 tries to notch its best week since November 2020
Stock futures dipped in overnight trading Thursday after a three-day rally for the S&P 500 as the equity benchmark is poised to post its biggest weekly gain in more than a year. Futures on the Dow Jones Industrial Average fell 120 points. S&P 500 futures were down 0.4% and Nasdaq 100 futures traded 0.3% lower. […]
Read More
Warby Parker offers weak outlook, reports loss from holiday quarter
A customer tries on glasses at a Warby Parker store in Los Angeles. Michael Buckner | Getty Images Warby Parker on Thursday reported continued losses and said its sales were hurt during the holiday quarter due to the omicron variant of Covid-19, which kept people out of the eyewear retailer’s stores. The company also issued […]
Read More
The Fed faces ‘so many unknowns’ now as it digs in to fight against inflation
Federal Reserve officials made a stand Wednesday, switching from champions for employment equality to fighters of inflation. Can they pull it off? Source
Read More
Hedge funds are doubling down on commodities bets with some notching big gains
Some pumpjacks operate while others stand idle in the Belridge oil field on November 03, 2021 near McKittrick, California. Mario Tama | Getty Images (Click here to subscribe to the Delivering Alpha newsletter.) Hedge funds have ramped up their commodity bets as prices surged during geopolitical turmoil, and managers with big exposure are reaping sizable profits. The […]
Read More
Gramercy Funds CIO on emerging markets investing amid the Russia war, including Ukrainian bonds
(Click here to subscribe to the Delivering Alpha newsletter.) Emerging markets, specifically those in Eastern Europe, have been whipsawed amid the ongoing Russia-Ukraine conflict. With sanctions in place and Russia’s hard default deadline approaching in April, investors are particularly focused on the region’s sovereign debt — an area that Gramercy Funds has specialized in since its inception […]
Read More
S&P 500 rises in volatile trading, as Wall Street tries to build on monster 2-day rally
The S&P 500 rose Thursday, following back-to-back days of sharp gains, as investors digested the latest news out of Ukraine and the outcome of the Federal Reserve meeting. The broad market average increased by 0.4%. The Dow Jones Industrial Average added 162 points, or 0.4%. The Nasdaq Composite added 0.2%. The moves come after a […]
Read More
Stocks making the biggest moves midday: Dollar General, Occidental Petroleum, Guess and more
A customer enters a Dollar General Corp. store in Colona, Illinois, U.S., on Wednesday, Sept. 10, 2014. Daniel Acker | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Dollar General — Shares of the discount retail chain gained 2.8% despite a weaker-than-expected fourth-quarter report. Dollar General reported $8.65 billion in […]
Read More
Moderna CEO Stephane Bancel has sold more than $400 million of company stock during the pandemic
Moderna CEO Stephane Bancel Steven Ferdman | Getty Images Moderna CEO Stephane Bancel has sold $408 million in company stock since the beginning of the coronavirus pandemic — averaging roughly $3.6 million a week — as the company’s stock soared on the development and rollout of its Covid vaccine, according to CNBC’s analysis of the […]
Read More