Markets
Goldman downgrades Roblox, says user growth could slow in post-pandemic world
The gaming company’s stock performance will be hindered in the near term, but analysts say the company’s long-term outlook is intriguing. Source
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Buy WeWork as profitability is within reach, Piper Sandler says
A focus on growing revenue and cutting costs could boost the co-working space to achieve positive cash flow within two years, analysts say. Source
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Investors turn cautious on Chinese stocks amid growth concerns
While mainland Chinese stock fund held onto inflows, European stock funds saw billions of dollars in net outflows in the first quarter, with declines in Japanese stock funds as well, according to EPFR. Marc Fernandes | Nurphoto | Getty Images BEIJING — Investors turned increasingly cautious on Chinese stocks, especially those listed overseas, in the […]
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Morgan Stanley and Barclays name their top global stocks with upside potential
Morgan Stanley and Barclays name a slew of European stocks they expect to outperform going into earnings season. Source
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Asia-Pacific stocks rise; China announces financial support for Covid-hit sectors
SINGAPORE — Shares in Asia-Pacific edged higher in Tuesday morning trade, as investors watched for market reaction to China’s central bank announcing financial support for Covid-hit sectors. The Nikkei 225 in Japan jumped 1.11% in early trade while the Topix index gained 0.99%. South Korea’s Kospi climbed 0.72%. In Australia, the S&P/ASX 200 advanced 0.22%. […]
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U.S. commits to ending anti-satellite missile testing, calls for global agreement
A Standard Missile-3 (SM-3) launches from the U.S. Navy’s USS Lake Erie at a non-functioning National Reconnaissance Office satellite on Feb. 20, 2008 as an anti-satellite weapons U.S. Department of Defense The United States government has committed to ending the practice of anti-satellite missile tests, Vice President Kamala Harris announced on Monday, urging other nations […]
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Market will break out of slump due to peaking inflation, Evercore ISI predicts
The market slump may be in its final innings. According to Evercore ISI’s Julian Emanuel, stocks should start grinding higher due to peaking inflation. He cites a positive trend going back to the last time stocks and bonds fell together: 1994. “The market just sort of digested it, and there was a lot of sideways […]
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Stocks making the biggest moves after hours: Twitter, Netgear and more
Musk would have been appointed to Twitter’s board on Saturday, but the world’s richest man informed the company on the day that he would not, in fact, be taking the board seat. Andrew Burton | Getty Images News | Getty Images Here are the stocks making headlines after the bell. Twitter — Shares of the […]
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Stock futures rise ahead of busy earnings day
Stock futures rose on Monday evening as traders navigate one of the busiest weeks of corporate earnings season. Futures tied to the Dow Jones Industrial Average added 87 points, or 0.3%, while those for the S&P 500 climbed 0.3%. Nasdaq 100 futures gained 0.4%. The move in futures comes after a slightly down day for […]
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Price of corn hits 9-year high as surge in commodities continues
Dale Nething, 86, transfers a load of corn from his truck to a grain silo on his family farm in Ravenna, Ohio, October 11, 2021. Dane Rhys | Reuters The surging price of corn hit another milestone on Monday morning as the cost of global commodities continues to push higher. The contracts for July corn […]
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