Markets
Dow jumps 500 points in relief rally after Fed announces first rate hike since 2018
Stocks rallied in a wild session after the Federal Reserve raised rates and said it would hike another six times this year. The Dow Jones Industrial Average rose 518.76 points, or 1.5%, to 34,063.10 after turning red initially following the release of the Fed’s statement. It swung within a 576-point range on the session. The […]
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Chinese stocks trading in the U.S. rocket higher after China signals support for the shares
Shares of Chinese companies listed publicly in the U.S. surged Wednesday as China signaled support for the stocks. Regulators from both countries are progressing toward a cooperation plan on U.S.-listed Chinese stocks, according to Chinese state media. The report cited a meeting Wednesday chaired by Vice Premier Liu He, who heads China’s finance committee. The […]
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Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on Jan. 26. Text removed from the January statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both […]
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Jeffrey Gundlach says he would buy bitcoin over gold in the short term
DoubleLine Capital CEO Jeffrey Gundlach said he would prefer bitcoin to gold in the near term as the cryptocurrency trades near the low end of its range. Source
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Stocks making the biggest moves midday: Alibaba, AeroVironment, Boeing and more
Alibaba’s headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Qilai Shen | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Alibaba, JD.com, Pinduoduo — Shares of Chinese companies listed publicly in the U.S. surged as Beijing signaled support for the stocks. The Chinese government said it supports the listing […]
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Stocks making the biggest moves premarket: Nvidia, Boeing, Micron and others
Check out the companies making headlines before the bell: DiDi Global (DIDI), Alibaba (BABA), JD.com (JD), Pinduoduo (PDD) – China-based stocks listed in the U.S. are staging strong rallies in premarket trading, helped by state media reports that the Chinese government will take steps to support the markets and the economy, and that the U.S. […]
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China says it will support Chinese IPOs abroad, calls for closure on tech crackdown
Traders work during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. Brendan McDermid | Reuters BEIJING — China signaled support for Chinese stocks on Wednesday, after days of worries about U.S. delisting risks sent the stocks plunging in […]
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Dow jumps nearly 600 points, S&P 500 snaps 3-day losing streak as tech stocks bounce, oil prices slide
The S&P 500 rose on Tuesday for its first gain in four days, as oil prices continued to drop further below $100 and a reading of wholesale inflation came in lighter than expected. The gains came as traders continued to eye the latest with ceasefire negotiations in Ukraine and China Covid lockdowns that could wreak […]
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A guide to what Russia and Ukraine want from talks — and where the red lines are
A fireman embraces a woman outside a damaged apartment building in Kyiv on March 15, 2022, after strikes on residential areas killed at least two people, Ukraine emergency services said as Russian troops intensified their attacks on the Ukrainian capital. Aris Messinis | AFP | Getty Images As Russian forces pummel towns, villages and cities […]
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Get ready for higher fares: Airlines bet surge in travel demand will help offset fuel costs
American Airlines planes at LaGuardia Airport Leslie Josephs | CNBC Travel demand has bounced back faster than expected this year, major airlines said Tuesday, a welcome trend for an industry battered by Covid and a sign that carriers expect to pass along higher fuel prices and other costs on to customers. U.S. jet fuel prices […]
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