Many investors are convinced that US equities are already in a bear market, although the benchmark S&P 500 index has yet to technically confirm this. History indicates that the ferocity of any decline may depend on whether or not the economy avoids a recession. It seems obvious, but the debate over whether the economy is … Read more
A visibly angry and shaken Steve Kerr on Tuesday night condemned senators, particularly Republican Leader Mitch McConnell, for failing to act on gun legislation, hours after a gunman killed 18 children and at least one adult in an elementary school in the West Texas town of Uvalde. . “When are we going to do something? … Read more
Traders on the floor of the NYSE, May 17, 2022. Source: NYSE U.S. stock futures rose late on Tuesday after the Nasdaq Composite fell during the regular session, following a slowing growth warning from social media firm Snap that hurt the index with a strong technological component. Dow Jones Industrial Average futures rose 111 points, … Read more
Nordstrom reported fiscal first-quarter sales ahead of analysts’ expectations on Tuesday and raised its full-year outlook, citing company momentum as shoppers visited the company’s department stores to freshen up their closets. with brands and designer shoes. Nordstrom now sees revenue for fiscal 2022, including credit card sales, up 6% to 8%, from a previous range … Read more
Stellantis CEO Carlos Tavares holds a press conference after meeting with trade unions, in Turin, Italy, March 31, 2022. Massimo Pinca | Reuters Automaker Stellantis plans to invest more than $2.5 billion in partnership with Samsung SDI to build the automaker’s first electric vehicle battery manufacturing plant in the United States The companies announced on … Read more
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to return part of Monday’s stimulus rally A screen displays the Fed’s rate announcement as a trader works inside a post on the floor of the New York Stock Exchange (NYSE) in New York, U.S., … Read more
A person carries a bag from the Abercrombie & Fitch store on Fifth Avenue in New York, February 27, 2017. andrew kelly | Reuters Shares of Abercrombie & Fitch fell more than 25% in premarket trading on Tuesday after the retailer reported an unexpected loss in its fiscal first quarter as shipping and product costs … Read more
Walmart is expanding drone deliveries to select stores in six states. This will allow more customers to have diapers, groceries or more delivered by air. walmart Walmart is expanding drone delivery to six states this year, allowing many more customers to have a box of diapers or dinner ingredients delivered in 30 minutes or less. … Read more
DAVOS, Switzerland — Crypto-related tech companies are out in force at the annual World Economic Forum in Davos, even after a recent stock market crash wiped billions of dollars of value from the digital currency market. The Promenade, a main strip where corporations and governments take over shops and bars during forum week, is dominated … Read more
SINGAPORE — Asia-Pacific markets were subdued at the start of trade on Tuesday, as investors weighed in on a possible thaw in U.S.-China trade relations as U.S. President Joe Biden floated the idea of tariff cuts on Chinese products. In Japan, the Nikkei 225 was down 0.4% in early trading, while the Topix was down … Read more