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
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
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
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
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
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
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
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
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 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