Markets
Stocks making the biggest moves premarket: Morgan Stanley, UnitedHealth, Bank of America and more
Check out the companies making headlines before the bell. Morgan Stanley — The bank stock fell more than 2% in premarket trading even after the firm’s second-quarter results beat Wall Street estimates thanks to strong performance in trading and investment banking. The bank said profit surged 41% from the year-earlier period, helped by a rebound […]
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Stock futures rise slightly following a record-setting session for the Dow: Live updates
Traders work on the floor of the New York Stock Exchange during morning trading on December 13, 2023 in New York City. Michael M. Santiago | Getty Images U.S. stock futures wavered on Tuesday after the Dow Jones Industrial Average closed at a record high. Futures linked to the 30-stock average slipped by 24 points, […]
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Ocado upgrades technology arm, sending shares soaring
Ocado delivery vans in London on Jan. 21, 2022. Mike Kemp | In Pictures | Getty Images Britain’s Ocado lifted its annual guidance on Tuesday, citing an improvement in the profitability of its warehouse technology business, reassuring investors and sending its shares up by 18%. The group runs an online grocer in Britain through a […]
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The next front in U.S.-China tech battle? Underwater cables that power the global internet
Subsea cables are the backbone of the internet, carrying 99% of the world’s data traffic. Serg Myshkovsky | Photodisc | Getty Images U.S.-Chinese tensions surrounding technology have have sunk to sea lows. Subsea cables hit the headlines earlier this year after four out of 15 critical submarine cables in the Red Sea were cut amid […]
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Asia-Pacific markets open mixed on the back of Fed chair’s rate cut comments
China’s biggest policy meeting in six years kicks will kick off this week. Wang Yukun | Moment | Getty Images Asia-Pacific markets open mixed on Tuesday as traders in Asia react to Federal Reserve Chair Jerome Powell’s comments that the central bank will not wait until inflation hits 2% to cut interest rates. Powell indicated that […]
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How AI and automation will reshape grocery stores and fast-food chains
AI isn’t just a hyped innovation in the tech sector; the food industry is also investing heavily in the red-hot trend. Americans heading to the grocery store or their favorite fast-food restaurant will already have noticed the introduction of the new technology in such services as self-checkout kiosks and even AI ordering in drive-thru lanes. […]
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Powell indicates Fed won’t wait until inflation is down to 2% before cutting rates
Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut interest rates. Speaking at the Economic Club of Washington D.C., Powell referenced the idea that central bank policy works with “long and variable lags” to explain why the Fed wouldn’t wait for its target to […]
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Stocks making the biggest moves midday: Trump Media, Macy’s, Goldman, Coinbase and more
Check out the companies making headlines in midday trading: Humana , UnitedHealth Group — Health care insurers rose as a group Monday as the greater likelihood of a Donald Trump victory in this year’s presidential election raised hopes of fewer cost pressures. Shares of Humana and UnitedHealth Group gained around 1% each. Wolfe Research on […]
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Watch Fed Chair Jerome Powell’s remarks on interest rate policy and the economy
[The stream is slated to start at 12:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell is set to address the Economic Club of Washington, D.C., on Monday as traders look for hints about when the central bank will cut interest […]
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Bitcoin jumps as markets see increased odds of election victory for pro-crypto Trump
CFOTO | Future Publishing | Getty Images Bitcoin hit a two-week high Monday, as betting markets suggested an increased chance of victory for crypto-friendly candidate Donald Trump in the U.S. presidential election. The value of the world’s biggest cryptocurrency, bitcoin, was up around 5% at 1:40 p.m. London time, to $62,781.48, according to CoinGecko. The rally […]
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