Tag: C&E Industry News Filter

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Markets

US stocks futures swing higher as S&P 500 fights off bear market territory

US stocks futures swing higher as S&P 500 fights off bear market territory

US stock futures were pointing to a higher start for Wall Street at the end of a volatile week, after Federal Reserve Chairman Jerome Powell cooled speculation about the potential for 75-basis point rate hikes. How are stock-index futures trading? S&P 500 futures ES00, +1.20% rose 1.1% to 3,971 Dow Jones Industrial Average futures YM00, […]

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Personal Finance

6 questions to ask your financial adviser right now as stocks continue to tumble and viral baby-formula thread shows why moms can’t just breastfeed their way out of a shortage

Is Netflix cracking down on password sharing and how to position your investments before the Fed causes a bear market

Hi, MarketWatchers. Don’t miss these top stories. Alexander Skarsgard Selling His Place in NYC for $2.6M “The Northman” star Alexander Skarsgard is placing his East Village apartment on the market for $2.6 million, according to Architectural Digest. Read More Could we ever really get a 4-day work week in the US? Almost 80% of employees […]

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Markets

Affirm stock soars as company tops revenue expectations ‘despite volatile market conditions’

Affirm stock soars as company tops revenue expectations 'despite volatile market conditions'

Shares of Affirm Holdings Inc. emerged in after-hours trading Thursday after the buy-now pay-later company delivered a revenue beat and an upbeat volume forecast in the face of “volatile market conditions.” The company posted a fiscal third-quarter net loss of $54.7 million, or 19 cents a share, compared with a loss of $287 million, or […]

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Markets

Yellen: Cryptocurrency market turbulence is not a ‘real threat’ to US financial stability.

Yellen: Cryptocurrency market turbulence is not a 'real threat' to US financial stability.

Treasury Secretary Janet Yellen said Thursday that the turbulence in the cryptocurrency market is not a hazard for the stability of the US financial system. Yellen noted that TerraUSD USTUSD, -50.71% had decoupled from its $1 peg in recent days and the world’s largest stablecoin, tether, was briefly under similar pressure. Other companies in the […]

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Business

Beyond Meat’s stock slides 20% on weak sales, heads lower than IPO price for first time

Beyond Meat's stock slides 20% on weak sales, heads lower than IPO price for first time

Beyond Meat Inc.’s not-so-good 2022 took an ugly turn for the worse Wednesday with quarterly results that lacked sizzle. The maker of plant-based meat products BYND, -13.83% reported a net loss of $100.5 million, or $1.58 a share, compared with a net loss of $27.3 million, or 43 cents a share, in the same quarter […]

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Markets

Stock Futures Fall as Inflation Weighs on Markets

Stock Futures Fall Ahead of Producer-Price Data

US stock futures declined, pointing to a second day of turbulence in markets driven by stronger-than-expected US inflation. Futures tied to the S&P 500 fell 0.6% after the broad-market index closed down 1.7% on Wednesday. Nasdaq-100 futures retreated 1%, suggesting more losses for technology stocks after the opening bell. Stocks are coming under pressure due […]

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Markets

Xero Users Feel Impact of Tight Labor Markets — Interview

Is Netflix cracking down on password sharing and how to position your investments before the Fed causes a bear market

By Stuart Condie SYDNEY–Cloud-accounting software provider Xero Ltd.’s users are more concerned about a shortage of skilled labor than inflation or rising interest rates, Chief Executive Steve Vamos said. New Zealand-based Xero increased staff by 31% over the 12 months through March but its employee costs rose by 34% against the backdrop of what it […]

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Markets

Hot Job Market, Strong Demand for CFOs Strain Due Diligence

Hot Job Market, Strong Demand for CFOs Strain Due Diligence

The sudden exit of Moderna Inc.’s newly hired chief financial officer shines a light on the challenges companies and recruiters are facing in a tight job market, in which candidates often have more than one competing offer, forcing hiring managers to make quick decisions. Jorge Gomez, who on Monday started as Moderna’s CFO, departed on […]

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Markets

Stock Turmoil Spreads to Junk Bonds, Hurts Deals

Stock Turmoil Spreads to Junk Bonds, Hurts Deals

Shock waves from the stock market’s declines are spreading into junk bonds, sending prices tumbling and forcing some companies to cancel new deals. Average prices of US high-yield bonds fell to around 91 cents on the dollar Monday, the lowest level since May of 2020 when pandemic shutdowns slammed the global economy, according to data […]

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Markets

Will inflation push more people to go back to work? ‘They’ll be entering a job market that’s eager to have them,’ one economist says

Will inflation push more people to go back to work? 'They'll be entering a job market that's eager to have them,' one economist says

Labor costs are driving up inflation. But will inflation also drive more people back to the workforce? The annual rate of inflation slowed to 8.3% in April from 8.5% the previous month, helped by a fall in gasoline prices, but consumers still face rapidly rising costs. The March reading was the highest since 1981. The […]