Stock futures fell in overnight trading on Monday as markets struggled to maintain a rebound after weeks of losses. Dow Jones Industrial Average futures fell 130 points, or 0.42%. S&P 500 futures fell 0.89% and Nasdaq 100 futures fell 1.6%. Zoom Video shares jumped 6% in extended trading after sharing a strong second-quarter outlook, while … Read more
People pass the JP Morgan Chase &; Co. Headquarters in the Manhattan borough of New York. Facebook Facebook logo Join Facebook to connect with Mike Segar Reuter Find out which companies are making headlines in the midday business. JPMorgan Chase – JPMorgan rose 7% after the bank said it expected to hit key yield targets … Read more
New Delhi, India – As temperatures soar above 40 degrees Celsius in the village of Hasanganj in the northern Indian state of Uttar Pradesh, nearly 14-hour power cuts in the area mean that bananas sold by Ramesh, a uniquely named fruit seller, rot faster than normal without fans to keep them cool. As sales plummet, … Read more
Traders on the NYSE, May 20, 2022. Source: NYSE Stock futures rose in trading overnight on Sunday after the Dow Jones Industrial Average fell for its 8th straight week amid a selloff in the market. Dow Jones industrial average futures gained 150 points, or 0.5%. S&P 500 futures added 0.6% and Nasdaq 100 futures rose … Read more
WASHINGTON (AP) — With prices across the economy — from food, gas and rent to cars, plane tickets and hotel rooms — rising at their fastest pace in decades. decades, you’d think Americans would rein in their spending. Not so far. Consumers as a whole are showing surprising resilience, not only maintaining their spending, but … Read more
Elon Musk wears many hats as CEO of Tesla, CEO of SpaceX, and founder of the Boring Company and Neuralink. He is also a prolific Twitter user. The news that Musk has made a $44 billion bid to buy Twitter and potentially become the social media company’s CEO sent shockwaves through Wall Street and social … Read more
The People’s Bank of China cut its five-year prime rate (LPR) by 15 basis points to 4.45%, the second cut this year and the largest on record. Most analysts expected a decline of five basis points. The Chinese LPR is the rate at which commercial banks lend to their best customers. It is used as … Read more
