Wall Street rallies as Fed minutes meet expectations

Fed minutes: Future 50bp rate hikes ‘likely’ Nordstrom climbs after raising its earnings outlook Nvidia’s Q2 revenue forecast falls short of expectations Indices up: Dow 0.60%, S&P 0.95%, Nasdaq 1.51% NEW YORK, May 25 (Reuters) – Wall Street closed higher on Wednesday after minutes from the Federal Reserve’s latest monetary policy meeting showed policymakers unanimously … Read more

Amazon shareholders vote against investor proposals

BOSTON/NEW YORK, May 25 (Reuters) – Shareholders of Amazon.com Inc (AMZN.O) on Wednesday voted against all investor-led resolutions that challenged company policies – including its use of plastics and certain concealment clauses in contracts – within the company. annual meeting. A total of 15 investor resolutions were examined, including one presented at the meeting. The … Read more

Lyft to slow hiring, gauge budget cuts

The Lyft Driver Hub is seen in Los Angeles, California, U.S., March 20, 2019. REUTERS/Lucy Nicholson Join now for FREE unlimited access to Reuters.com Register May 24 (Reuters) – Ride-sharing company Lyft Inc (LYFT.O) said on Tuesday it would slow hiring and assess budget cuts in some departments, joining rival Uber Technologies Inc (UBER.N) in … Read more

Oil stabilizes after choppy trade, U.S. says export ban not ruled out

A maze of crude oil pipes and valves are pictured during a Department of Energy visit to the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson Join now for FREE unlimited access to Reuters.com Register Washington hasn’t ruled out export curbs to drive down fuel prices Beijing steps up COVID quarantine … Read more

S&P 500 and Nasdaq slip as weak economic data and bleak outlook stoke recession fears

Snap Inc collapses, profit fears hit rival social networks Abercrombie & Fitch slumps after downgrading revenue outlook Indices: Dow up 0.15%, S&P down 0.81%, Nasdaq down 2.35% NEW YORK, May 24 (Reuters) – The S&P 500 and Nasdaq ended in the red on Tuesday on fears that aggressive measures to curb inflation, which has been … Read more

Stocks tumble on growth worries, bond yields fall

Stocks slide on bearish earnings and economic data China talks about stimulus, but the economic damage is already done Euro close to 4-week high as Lagarde announces July rate hike NEW YORK/LONDON, May 24 (Reuters) – Stocks fell around the world on Tuesday as supply chain issues and soaring costs hurt corporate profits and slowed … Read more

Oh Snap! Social media stocks lose billions after Snapchat parents warn

A woman stands in front of the Snap Inc logo on the floor of the New York Stock Exchange (NYSE) in New York, NY, U.S. March 2, 2017. REUTERS/Lucas Jackson Join now for FREE unlimited access to Reuters.com Register May 24 (Reuters) – Shares of Snap Inc (SNAP.N) plunged more than 40% and sparked an … Read more

Cryptoverse: Is the end of bitcoin winter near?

May 24 (Reuters) – Crypto winter is in its ninth week and bitcoin can’t shake the chills. From technical data to revenue, market indicators are flashing red or orange for the biggest cryptocurrency, which has lost a third of its value in just two months. And now ? Join now for FREE unlimited access to … Read more

Wall Street rallies on higher close boosted by banks and big tech

NEW YORK, May 23 (Reuters) – U.S. stocks ended higher on Monday as bank gains and a rebound by megacap market leaders supported a broad-based rally after Wall Street’s longest streak of weekly declines since the dotcom collapse more than 20 years ago. All three major U.S. equity indices posted solid gains, with the biggest … Read more

Oil gains on tight bid as US driving season nears

A maze of crude oil pipes and valves are pictured during a Department of Energy visit to the Strategic Petroleum Reserve in Freeport, Texas, U.S., June 9, 2016. REUTERS/Richard Carson/File Photo Join now for FREE unlimited access to Reuters.com Register LONDON, May 23 (Reuters) – Oil prices rose slightly on Monday, buoyed by U.S. fuel … Read more