A Rivian logo on an Amazon.com delivery electric van photographed in Chicago, Illinois, on July 21, 2022. Jamie Kelter Davis | Bloomberg | Getty Images Discover the latest market movers during midday trading. Alibaba — U.S. shares of the Chinese company surged 8.8% in afternoon trading. Earlier on Friday, Reuters reported that Alibaba’s affiliate company, …
Bitcoin touched a 13-month high on Thursday as the drumbeat for institutional bitcoin demand grew louder following comments from BlackRock CEO Larry Fink. The cryptocurrency ended the day flat at $30,302.03, according to Coin Metrics. Early in the morning, it climbed to about $31,450, reaching its highest level since June 2022. However, it gave back …
In May, there was a decrease of approximately half a million job openings compared to the previous month, indicating a potential relaxation in the ultra-tight labor market, according to a report by the Labor Department. The Job Openings and Labor Turnover Survey, which is closely monitored, revealed that listings declined to 9.82 million, a decrease …
The exterior of Sweetgreen’s Naperville location Source: Sweetgreen Explore the companies creating buzz before the market opens: JetBlue Airways — JetBlue Airways saw a 1.3% decline in premarket trading as it announced the termination of its partnership with American Airlines in the northeastern U.S. The company now plans to focus on its partnership with Spirit …
Haitham al-Ghais, the secretary-general of the Organization of Petroleum Exporting Countries (OPEC), expressed the alliance’s openness to welcoming new members during his speech at the Energy Asia Summit on June 26, 2023. This statement indicates OPEC’s active efforts to expand its coalition and increase its influence in the global oil market. Currently, OPEC consists of …
Explore the latest developments from notable companies during midday trading. Meta Platforms — Shares of the social media behemoth increased by over 2%, defying the European Court’s recent antitrust ruling against Meta. Despite this setback, Meta is poised to launch a new application called Threads this week, which will directly compete with Twitter. C3.AI — …
American and JetBlue flights prepare to take off at Los Angeles International Airport, Jan. 11, 2023. Carolyn Cole | Los Angeles Times | Getty Images JetBlue Airways stated on Wednesday that it will terminate its partnership with American Airlines in the northeastern U.S. following a federal judge’s order to end the agreement. JetBlue’s attention will …
Bill Ackman, the CEO of Pershing Square Capital and a prominent hedge fund chief, made headlines in 2021 when he criticized the delay in Covid vaccinations for older Americans, calling it “genocide.” However, his recent Twitter activity has raised concerns among his colleagues on Wall Street. Ackman has been sharing and endorsing the anti-vaccine views …
During their June meeting, nearly all Federal Reserve officials indicated that there would likely be further policy tightening, albeit at a slower pace compared to the rapid rate increases seen since early 2022, as revealed in the recently released minutes. Despite the expectation of future rate increases, policymakers decided against a rate hike in June …
SAN ANSELMO, CALIFORNIA – JUNE 06: In this photo illustration, the Coinbase logo is displayed on a screen on June 06, 2023 in San Anselmo, California. The Securities And Exchange Commission has filed a lawsuit against cryptocurrency exchange Coinbase for allegedly violating securities laws by acting as an exchange, a broker and a clearing agency …