Markets
5 things to know before the stock market opens Wednesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Nasdaq futures slide, a day after tech-heavy index sank more than 2% Traders on the floor of the NYSE, May 23, 2022. Source: NYSE U.S. stock futures fell Wednesday, one day after the Nasdaq dropped 2.4% as […]
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Andreessen Horowitz raises $4.5 billion crypto fund to take advantage of bargains in down market
Chris Dixon, General Partner at Andreessen Horowitz, discusses cryptocurrency during the TechCrunch Disrupt forum in San Francisco, October 2, 2019. Kate Munsch | Reuters Andreessen Horowitz plans to plow billions of dollars into crypto start-ups while digital asset markets are in a rut. The Silicon Valley firm announced a new $4.5 billion fund for backing […]
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Buy this exchange operator to defend ‘against the bear,’ Oppenheimer says
Investors looking to play defense in a beaten-up market riddled with volatility may find some relief in exchange operator CME Group, Oppenheimer says. Analyst Owen Lau upgraded CME Group to outperform from perform, saying in a note to clients that the exchange operator is a good pick for investors “defending against the bear.” “Our upgrade […]
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Russia is now exposed to a historic debt default: Here’s what happens next
Russian President Vladimir Putin attends the Collective Security Treaty Organization (CSTO) summit at the Kremlin in Moscow, Russia May 16, 2022. Sergei Guneev | Sputnik | via Reuters The U.S. has announced that it will not extend an exemption permitting Moscow to pay foreign debt to American investors in U.S. dollars, potentially forcing Russia into […]
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Shares in Asia-Pacific nudge higher; New Zealand central bank hikes rates again
SINGAPORE — Shares in Asia-Pacific nudged higher in Wednesday trade, with New Zealand’s central bank announcing yet another rate hike. Hong Kong’s Hang Seng index advanced 0.64% by the afternoon, while the Shanghai Composite in mainland China edged about 0.6% higher and the Shenzhen Component gained 0.145%. The Nikkei 225 in Japan climbed 0.11% while […]
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No recession ahead: Evercore ISI predicts S&P 500 will jump 22% from current levels
While retail investors head for the exits as stock prices sharply fluctuate, Evercore ISI’s Julian Emanuel wants to put money to work. He calls the market environment very ugly, but he believes the economy will avert a recession — particularly due to healthy credit markets and continued gains. “The path to higher [stock] prices really […]
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Stock futures rise following Tuesday’s losses in the Nasdaq
Traders on the floor of the NYSE, May 17, 2022. Source: NYSE U.S. stock futures rose on Tuesday night after the Nasdaq Composite dropped during the regular session, following a warning of slowing growth from social media company Snap that hurt the tech-heavy index. Dow Jones Industrial Average futures rose 111 points, or 0.4%. S&P […]
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Stocks making the biggest moves after hours: Nordstrom, Urban Outfitters and Intuit
A Nordstrom store in Irvine, California. Scott Mlyn | CNBC Check out the companies making headlines after hours. Nordstrom — Shares jumped 7% after the retailer surpassed earnings expectations and raised its full-year outlook. Nordstrom CEO Erik Nordstrom said the company has experienced a surge in demand from shoppers refreshing their closets for “long-awaited occasions.” […]
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NOAA forecasts a busy Atlantic hurricane season for seventh consecutive year
Alonzo Lewis rescues items from his mother’s home after it was destroyed by Hurricane Ida on August 30, 2021 in Laplace, Louisiana. Ida made landfall August 29 as a category 4 storm southwest of New Orleans. Scott Olson | Getty Images News | Getty Images The NOAA on Tuesday forecast a busy Atlantic hurricane season this […]
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U.S. Navy climate plan calls to curb emissions, electrify vehicle fleet
U.S. Navy sailors operate onboard the Nimitz-class aircraft carrier USS Harry S. Truman (CVN 75) in the Adriatic Sea, off Split, Croatia February 14, 2022. Milan Sabic | Reuters The U.S. Navy on Tuesday unveiled a climate action plan focused on installing cyber-secure microgrids, boosting its supply of lithium batteries and slashing planet-warming greenhouse gas […]
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