Markets
Nike trimmed sales declines in this key region, and analysts see it as a bullish sign
Wall Street analysts paid close attention to Nike’s geographic sales breakdown in the company’s third-quarter report. Source
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Fertilizer prices are at record highs. Here’s what that means for the global economy
Workers spray fertilizer in a sugar cane field in Zacatepec de Hidalgo, in Morelos state, Mexico, May 31, 2017. Picture taken May 31, 2017. Edgard Garrido | Reuters LONDON — Supply shortages fueled by the Ukraine-Russia conflict, along with a host of pre-existing factors, have driven fertilizer prices to record highs. Prices for raw materials […]
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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 looks higher after breaking multiday win streaks Traders on the floor of the NYSE, March 18, 2022. Source: NYSE 2. Ukraine retakes Kyiv suburb; Biden says Putin ‘against the wall’ Service members of the Ukrainian […]
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UK watchdog puts 50 crypto companies on notice over ‘misleading’ ads
A bitcoin ATM inside a shop in Finsbury Park, London, on Feb. 4, 2022. Luke MacGregor | Bloomberg | Getty Images LONDON — Over 50 cryptocurrency companies have been sent enforcement notices by the U.K.’s advertising watchdog as part of a regulatory crackdown on promotions in the industry. The Advertising Standards Authority said Tuesday it […]
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Stocks making the biggest moves in the premarket: Nike, Okta, Alibaba and more
Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike reported quarterly profit of 87 cents per share, 16 cents a share above estimates. Revenue beat estimates as well, helped by an increase in digital sales and its ability to successfully navigate supply chain issues. Nike jumped 6.3% in […]
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Alibaba surges nearly 10% after it ups share buyback program to $25 billion
Alibaba’s headquarters in Hangzhou, China, on Wednesday, Nov. 10, 2021. Qilai Shen | Bloomberg | Getty Images Alibaba’s Hong Kong-listed stock surged nearly 10% on Tuesday after the Chinese e-commerce giant said it would increase the size of its share buyback program from $15 billion to $25 billion. The share repurchase scheme will be effective […]
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Central banks face tough decisions after Russia’s invasion. Not everyone’s sure they’ll get it right
A trader works, as Federal Reserve Chair Jerome Powell is seen delivering remarks on a screen, on the floor of the New York Stock Exchange (NYSE), January 26, 2022. Brendan McDermid | Reuters LONDON – Just as many central banks had set their sights on normalizing monetary policy as economies emerged from the coronavirus pandemic, […]
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China Boeing 737 plane crash: No reports yet of bodies or survivors
BEIJING — No bodies or survivors have yet been found from the China Eastern Airlines crash as of Tuesday morning, Chinese state media said. The domestic flight on a Boeing 737-800, which was carrying 132 people, nosedived Monday afternoon in the southern region of Guangxi, China’s aviation authority confirmed. The cause of the crash remains […]
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Japan’s Nikkei 225 rises more than 1%; Fed’s Powell vows tough action on inflation
Fed watch Fed Chair Powell said Monday that inflation is “much too high,” with the central bank set to “take the necessary steps to ensure a return to price stability.” “In particular, if we conclude that it is appropriate to move more aggressively by raising the federal funds rate by more than 25 basis points […]
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Cramer’s lightning round: I like Truist
PPG Industries Inc: “I think PPG is down too much. I think it’s okay, but … This is a company that has been really hurt by raw costs. That’s going to end eventually. I think if you can handle disappointment at this point, I would buy the stock.” AppFolio Inc: “You’ve got a software portfolio […]
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