Check out the companies making headlines before the bell: Coinbase — Crypto-related assets surged after Bitcoin topped $40,000 for the first time this year. Coinbase jumped 7%, MicroStrategy gained 7% and Marathon Digital climbed 13%. Uber Technologies — The ride-hailing stock rose 4% after S & P Dow Jones Indices on Friday said it will …
An Hour Ago Mixed Open for Europe The pan-European Stoxx 600 hovered just below the flatline in early trade, with mining stocks shedding 1.5% to lead losses while retail stocks added 0.8%. 3 Hours Ago Global Debt’s Worrying Trend Veteran investor David Roche expressed concern about the escalating global debt, but suggested it may not …
Manufacturing Data Signals Economic SlowdownLatest data shows a continued economic slowdown in the US, with the Institute for Supply Management’s manufacturing PMI remaining unchanged at 46.7 in November. This marks the 13th consecutive month of PMI slumps, indicating a deceleration in manufacturing activity. According to analysts, this data signifies another indicator of an emerging economic …
Federal Reserve Chairman Jerome Powell on Friday downplayed aggressive interest rate cuts, hailing their premature declarations as confounding, adding it’s too soon to speculate when policy might ease. Powell in his speech said that the current inflation levels are still “well above” the central bank’s goal, refuting any notion of a sufficiently restrictive stance achieved. …
Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images U.S. stock futures opened higher on Wednesday night as all three major stock indexes prepared to wrap a winning November. Futures tied to the Dow Jones …
Former U.S. President Donald Trump’s ex-chief economic advisor, Gary Cohn, predicts that the Fed will not cut interest rates until the second half of 2024. Cohn emphasized that the U.S. economy is “back to normal,” but people have forgotten what normal feels like, based on 100-year average data. Gary Cohn, vice chairman of International Business …
2 Hours Ago Meituan Plunges to 44-Month Low Amid Warning of Slower Q4 Growth A delivery worker for Meituan in Shanghai, China, on Friday, May 27, 2022. Bloomberg | Getty Images Meituan’s shares plummeted over 11% to 91.65 Hong Kong dollars during afternoon trading. The Chinese delivery firm’s shares hit their lowest level since March …
A striking sight: a pedestrian walks in front of the iconic Wall Street bull statue in New York City. Doug Kanter | AFP | Getty Images Family offices now have a surprising investment trend with more of their money going into private markets than the public stock market, according to a ground-breaking survey. An insightful …
On Mon, Nov 27 2023 at 12:26 AM EST, the Beijing Stock Exchange reminded major shareholders of listed companies not to reduce holdings due to fears of losing market excitement, according to Reuters. The Beijing Stock Exchange 50 Index has been on an uptrend, registering a one month gain of 44.72% and three month gain …
Discover the latest stock chart icons on year-to-date stock performances Discover Barrick Gold’s insight on their year-to-date stock performance. “I think it goes up…Can’t expect to make too much money on insurance, but I still think you will.” Uncover Generac’s take on their year-to-date stock performance. “I think down here, it’s ok…Interest costs have gone …