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Stock futures inched higher in overnight trading Tuesday as investors await the latest insights into the Federal Reserve’s policy tightening. Minutes from the Fed’s Tuesday meeting are slated for release Wednesday afternoon. Investors are bracing for new details about the Fed’s plan to reduce its balance sheet. Futures on the Dow Jones Industrial Average rose…
Lael Brainard, Federal Reserve governor and President Bidens nominee to be the new vice-chair of the Federal Reserve, speaks during her nomination hearing with the Senate Banking Committee on Capitol Hill January 13, 2022 in Washington, DC. Drew Angerer | Getty Images Federal Reserve Governor Lael Brainard, who normally favors loose policy and low rates,…
Traders on the floor of the NYSE, April 4, 2022. Source: NYSE Stock futures were flat in overnight trading Monday after investors bought the dip in technology shares following recent weakness. Futures on the Dow Jones Industrial Average dipped 14 points. S&P 500 futures were little changed, and Nasdaq 100 futures edged 0.1% lower. The…
A major Wall Street firm is on correction watch. Despite the latest market bounce, Morgan Stanley’s Mike Wilson is bracing for an S&P 500 decline of at least 13% between now and September. Wilson cited technical headwinds on CNBC’s “Fast Money” on Monday. “It does have all the hallmarks of what I would call a…
In this article TSLA WFC HTZ LOG.N-CH CTRN Andrew Burton | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Twitter — The social media company soared 26.6% after a filing revealed that Elon Musk has taken a 9.2% passive stake in the firm, worth about $2.9 billion. The…
In this article JPM Jamie Dimon, CEO of JPMorgan Chase speaks to the Economic Club of New York in New York, January 16, 2019. Carlo Allegri | Reuters Jamie Dimon, CEO and chairman of the biggest U.S. bank by assets, pointed to a potentially unprecedented combination of risks facing the country in his annual shareholder…
Traders on the floor of the NYSE, March 25, 2022. Source: NYSE U.S. stock index futures were flat during overnight trading Sunday, after the S&P 500 posted a third straight week of gains. Futures contracts tied to the Dow Jones Industrial Average slid 14 points. S&P 500 futures were flat, while Nasdaq 100 futures declined…
In this article 9866-HK 2015-HK WYNN BB AAPL GME Check out the companies making headlines before the bell: GameStop (GME) – GameStop plans to seek shareholder approval to boost the number of shares outstanding in order to enable a stock split. The videogame retailer is proposing an increase to 1 billion shares from 300 million….
In this article 13-HK ACMR 9987-HK 9688-HK 6160-HK IQ 9898-HK BIDU The China Securities Regulatory Commission and U.S. securities regulators have been locked in a dispute over allowing U.S. review of Chinese company audits, threatening delisting in coming years. Costfoto | Future Publishing | Getty Images BEIJING — China has sent another signal of progress…
A security personnel stands guard at the opening session of Baidu’s annual AI developers conference Baidu Create 2019 in Beijing, China, July 3, 2019. Jason Lee | Reuters New York-listed Chinese stocks jumped Friday after a report that China is considering sharing key information that would allow the firms to continue trading publicly in the…
David Zalik, founder and CEO of GreenSky. Chris Hamilton | GreenSky Goldman Sachs, the 153-year old investment bank, is now officially in the home improvement loan business as it continues a push into the finances of ordinary Americans. The bank expects to add one million customers a year to its budding Marcus retail division through…
As more cutting-edge investment products work their way into the marketplace, there’s growing fear retail investors and even professional brokers are getting in over their heads. Former SEC attorney David Gorman, who’s now a partner at Dorsey & Whitney, contends complex products designed for profits are creating unprecedented risks and U.S. regulators are taking notice….