Markets
Asia-Pacific markets subdued as investors weigh possible U.S. tariff cut on China goods
SINGAPORE — Markets in Asia-Pacific were subdued in early trade on Tuesday, as investors weighed a possible thawing of U.S.-China trade relations as U.S. President Joe Biden floated the idea of tariff cuts on Chinese goods. In Japan, the Nikkei 225 was down 0.4% in early trading, while the Topix was lower by 0.2%. South […]
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Stock futures fall after Dow’s 600 point comeback
Stock futures fell in overnight trading on Monday as the markets struggled to sustain a comeback rally following weeks of losses. Futures on the Dow Jones Industrial Average fell 130 points, or 0.42%. S&P 500 futures dipped 0.89% and Nasdaq 100 futures dropped 1.6%. Zoom Video shares popped 6% in extended trading after sharing strong […]
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SpaceX president defends Elon Musk over sexual misconduct claims: ‘I believe the allegations to be false’
SpaceX CEO Elon Musk participates in a postlaunch news conference inside the Press Site auditorium at NASA’s Kennedy Space Center in Florida on May 30, 2020, following the launch of the agency’s SpaceX Demo-2 mission to the International Space Station. NASA/Kim Shiflett SpaceX President and COO Gwynne Shotwell defended Elon Musk in an email to […]
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Photos: Bangladesh and India endure catastrophic floods
Vehicles stuck in the floodwater in Sylhet, Bangladesh, May 17, 2022. Many roads have been submerged due to continuous high rains for several days. Md Rafayat Haque Khan | Eyepix Group | Future Publishing | Getty Images Severe floods in parts of Bangladesh and India have killed at least 24 people and left thousands of […]
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Bank balances surged during Covid even as pandemic-era stimulus ended, BofA CEO says
Bank of America’s account holders saw strong growth in their balances during Covid and have yet to spend down their pandemic-era stimulus money, CEO Brian Moynihan told CNBC. In an interview on “Squawk Box” from The World Economic Forum in Davos, Switzerland, BofA’s chairman said customers who had between $1,000 to $2,000 before the pandemic, […]
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Guggenheim’s Minerd says S&P 500’s decline could double from here if Fed keeps hiking rates
The stock market still has much further to fall and is unlikely to find its footing again until the Federal Reserve stops tightening policy, according to Guggenheim global chief investment officer Scott Minerd. Minerd, who has previously predicted a ” summer of pain ” for the market, said on CNBC’s ” Squawk Box ” that […]
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Klarna to lay off 10% of its workforce as souring economy hits buy now, pay later space
Buy now, pay later products like Klarna’s became wildly popular in the Covid pandemic. Noam Galai | Getty Images Klarna plans to lay off about 10% of its global workforce, making the buy now, pay later firm the latest major tech company to announce job cuts. Sebastian Siemiatkowski, Klarna’s CEO and co-founder, made the announcement […]
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Stocks making the biggest moves midday: JPMorgan Chase, Gap, VMWare & more
People pass the JP Morgan Chase & Co. Corporate headquarters in the Manhattan borough of New York City. Mike Segar | Reuters Check out the companies making headlines in midday trading. JPMorgan Chase – JPMorgan rose 7% after the bank said it expects to reach key return targets sooner than planned thanks to rising interest rates giving […]
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Crypto exchange FTX quietly shops for brokerage start-ups amid move into stock trading, sources say
Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images FTX has been on the hunt to buy brokerage start-ups as the crypto exchange expands into stocks, and its CEO takes a major stake in Robinhood. The Bahamas-based […]
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We’re adding to an underappreciated stock and another that’s right for the moment
The combination of these purchases speaks to the importance of balancing a long view with a short focus. Source
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