[ad_1] Stocks rose Thursday in an afternoon rally as traders tried to shake off concerns over higher interest rates. The Dow Jones Industrial Average popped 341.73 points, or 1.05%, to close at 33,003.57. Salesforce boosted the Dow, rallying 11.5% on a strong quarter and forward guidance. The S&P 500 gained 0.76% to close at 3,981.35. …
[ad_1] Monster Beverage Corp. drinks. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines before the bell. Rivian — Shares of the electric vehicle maker tumbled more than 9% after the company posted mixed fourth-quarter results and an underwhelming production outlook. Revenue for the quarter came in at $663 million, …
Stocks making the biggest moves premarket: Rivian, Kohl’s, Novavax and more Read More »
[ad_1] Rebecca Patterson is looking to defensives, T-bills for near-term market insurance Rebecca Patterson, known for her earlier leadership at Bridgewater, is preparing for a near-term market downturn. In order for the Federal Reserve to ease its interest rate-hiking campaign, Patterson said there needs to be a lot more economic weakness and inflation will likely …
Stock futures slip after investors wrap up a losing February: Live updates Read More »
[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) on February 14, 2023 in New York City. Spencer Platt | Getty Images Stocks futures rose slightly in overnight trading as investors braced for the final trading day of February. Futures tied to the Dow Jones Industrial Average gained 30 points, or …
[ad_1] David Solomon, chief executive officer of Goldman Sachs Group Inc., during an event on the sidelines on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 19, 2023. Stefan Wermuth | Bloomberg | Getty Images When David Solomon was chosen to succeed Lloyd Blankfein as Goldman Sachs CEO in …
Why Goldman’s consumer ambitions failed, and what it means for CEO David Solomon Read More »
[ad_1] WASHINGTON — Federal Reserve officials at their most recent meeting indicated that there are signs inflation is coming down, but not enough to counter the need for more interest rate increases, meeting minutes released Wednesday showed. While the Jan. 31-Feb. 1 meeting concluded with a smaller rate hike than most of those implemented since …
Fed minutes show members resolved to keep fighting inflation with rate hikes Read More »
[ad_1] Slowing apparel sales will put a spotlight on weakening consumer spending, UBS says New research from UBS suggests that apparel sales have weakened in February and the firm expects this trend, when realized, will stoke fears about consumer spending and cause some stocks to sell off. In a research note Monday, retail industry analyst …
[ad_1] U.S. stocks were mixed on Friday as stubbornly high inflation and a rebound in rates continued to weigh on investor sentiment. The Dow Jones Industrial Average rose 129.84 points, or 0.39% to end at 33,826.69. The 30-stock index rallied from lows of the day boosted by shares of Amgen and United Health, which gained …
[ad_1] Japan trade deficit widens to almost $26 billion in January Japan’s trade deficit has expanded to 3.5 trillion yen ($26 billion) for January, a 59% increase compared to the 2.2 trillion recorded in the same period a year ago. On an annualized basis, exports rose 3.5% higher at 6.55 trillion yen, while imports surged …
Asia markets rise as Japan sees record trade deficit; U.S. retail sales jump Read More »
[ad_1] Traders work the floor of the New York Stock Exchange (NYSE) during morning trading on February 10, 2023 in New York City. Michael M. Santiago | Getty Images U.S. stock futures were flat Monday, as traders tried to regain their footing following the S&P 500’s and Nasdaq Composite’s worst weekly performances in nearly two …
[ad_1] Hyundai in talks with U.S. government on alleged child labor use: Reuters South Korean auto company Hyundai Motors is in discussions with the U.S. labor department over allegations of using child labor in its U.S. supply chain, Reuters reported, citing a statement from the company. The company told Reuters that it has been investigating …
Asia-Pacific markets fall as investors weigh risks of more hikes ahead Read More »
[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on January 26, 2023 in New York City. Michael M. Santiago | Getty Images U.S. stocks slid Wednesday as investors returned focus to the latest batch of corporate earnings. Wall Street also continued to weigh the outlook for future …
Stocks slide on fears about the profit outlook this year Read More »
