Stock futures rise after Tuesday’s Nasdaq losses

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

5 things to know before the stock market opens Tuesday, May 24

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

Crypto Firms Take Over Davos High Street Even After Stock Market Crash

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

Tariffs, oil and currencies between the United States and China

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

Stock futures fall after Dow returns 600 points

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

JPMorgan Chase, Gap, VMWare and 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

5 things to know before the stock market opens on Monday May 23

Here are the most important news, trends and analysis that investors need to start their trading day: 1. S&P 500 poised to open higher after narrowly avoiding a bear market close Traders on the NYSE, May 20, 2022. Source: NYSE Dow futures rose 350 points on Monday after the 30-stock average posted its first eight-week … Read more

ECB chief Christine Lagarde says crypto is ‘worthless’

The European Central Bank is considering whether to issue its own digital alternative to cash. Olivier Matthys | AFP | Getty Images European Central Bank President Christine Lagarde thinks cryptocurrencies aren’t worth a penny. “My very humble assessment is that it’s worth nothing,” Lagarde said of the crypto in an interview with Dutch talk show … Read more

Tether (USDT) Stable Coin Withdrawals Surpass $10 Billion

Tether says its dollar-pegged token is “fully backed.” Justin Tallis | AFP | Getty Images Investors have ripped off over $10 billion in the past two weeks amid heightened regulatory scrutiny of stablecoins. Tether, the world’s largest stablecoin, saw its circulating supply plummet from a record $84.2 billion on May 11 to around $73.3 billion … Read more

China’s state-backed blockchain company to launch major overseas project

China’s blockchain-based service network (BSN) is planning a major international expansion project in August. Yuichiro Chino | time | Getty Images China’s state-backed blockchain company is planning its first major international expansion, its CEO told CNBC, as Beijing continues to make technology a key priority. The blockchain-based service network (BSN) bills itself as a “one-stop … Read more