Stock futures rise slightly after Dow’s worst day since 2020

Stock futures rise slightly after Dow’s worst day since 2020

Traders work on the floor of the New York Stock Exchange (NYSE) on May 18, 2022 in New York City. Spencer Platt | Getty Images Stock futures were mildly in positive territory in overnight trading Wednesday after the Dow Jones Industrial Average experienced its biggest one-day drop since 2020. Futures on the Dow Jones Industrial … Read more

Hong Kong’s Hang Seng leads losses as Asia stocks fall

Hong Kong’s Hang Seng leads losses as Asia stocks fall

SINGAPORE – Shares in Asia-Pacific slipped Thursday morning after heavy losses on Wall Street overnight. Hong Kong’s Hang Seng index led losses regionally, falling more than 3% in early trade. Shares of Chinese tech behemoth Tencent plunged 8.1% after reporting that its quarterly profit halved. The Nikkei 225 in Japan fell 2.6% while the Topix … Read more

Melvin Capital says it plans to unwind funds

Melvin Capital says it plans to unwind funds

Gabe Plotkin, chief investment officer and portfolio manager of Melvin Capital Management LP, speaks during the Sohn Investment Conference in New York, May 6, 2019. Alex Flynn | Bloomberg | Getty Images Melvin Capital Management, the hedge fund burned by the GameStop mania, said it will unwind its funds and return cash to investors as … Read more

Target, Lowe’s, TJX and more

Shoppers walk in front of a Target store at the Lycoming Crossing shopping plaza in Muncy, Pennsylvania. Sopa Images | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Target – Shares plunged 25.6% after the retailer reported disappointing quarterly results, citing high fuel costs and inventory troubles. Target posted an … Read more

Netflix, Tesla, Visa, Warby Parker, Penn, Disney

Here are Wednesday’s biggest calls on Wall Street: Goldman Sachs upgrades Endeavor Group to buy from neutral Goldman said it sees an attractive entry point into the media and talent company. “Shares of Endeavor have traded down 30% since its IPO and 45% YTD driven by i) fundamental concerns that a weakening economy will impact … Read more

Stock futures rise slightly as Wall Street looks to build on recent rebound

US stock futures moved modestly higher on Tuesday evening as investors looked to build on a solid rally. Futures for the Dow Jones Industrial Average added 49 points, or about 0.2%. S&P 500 futures ticked up 0.2%, while Nasdaq 100 futures pushed 0.1% higher. The move in futures came as the stock market’s recent sell-off … Read more

California’s gas average tops $ 6 per gallon as prices across the US surge

High gas prices at stations in Garden Grove, California, on Monday, March 7, 2022. Jeff Gritchen | Medianews Group | Getty Images California’s state average for a gallon of gas has surged above $ 6, making fuel in the Golden State the most expensive across the US The average price at the pump in California … Read more

Hong Kong’s Hang Seng index leads gains as Asia-Pacific stocks rise

SINGAPORE – Shares in Asia-Pacific were largely higher in Tuesday morning trade, with Hong Kong stocks leading gains regionally. The Hang Seng index surged 1.72% in morning trade as Chinese tech stocks jumped. Tencent rose 3.26% while Alibaba soared 4.79% and Meituan gained 3.18%. The Hang Seng Tech index traded 3.42% higher. Mainland Chinese stocks … Read more

Stock futures are flat after S&P, Nasdaq start the week in the red

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, May 13, 2022. Brendan Mcdermid | Reuters US stock index futures were flat during overnight trading on Monday, following a volatile session that saw the S&P 500 and Nasdaq Composite continue their march lower. Futures contracts tied to … Read more

Warren Buffett’s Berkshire made a $ 3 billion bet on Citigroup. Here are his other picks

Warren Buffett’s Berkshire Hathaway made a few changes to its equity portfolio in the first quarter, including adding a big stake in Citigroup, according to a regulatory filing. The conglomerate bought more than 55 million shares of Citigroup to build a stake worth $ 2.95 billion as of the end of March, the filing showed. … Read more