Tag: Corporate/Industrial News

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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

Apple Stock Has Broken Down. That’s Bad for the Market.

Apple Stock Has Broken Down. That's Bad for the Market.

Textsize Apple’s flagship store in Beijing is closed to prevent the spread of Covid-19. Kevin Frayer/Getty Images Manzana stock is in a sorry state, trading now below a price that investors couldn’t resist before—a price that felt it higher in the past several months. This new price—roughly $142 a share on Thursday—is, of course, bad […]

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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

GM and Ford Get Double Downgrades to Sell. Wells Fargo Sours on EVs.

GM and Ford Get Double Downgrades to Sell. Wells Fargo Sours on EVs.

Textsize Ford F-150 Lightning electric truck Courtesy of Ford The auto industry is all-in on electric vehicles. Wells Fargo isn’t so sure that’s a great idea. Wednesday evening, analyst Colin Langan double downgraded shares of both General Motors (ticker: GM) and ford engine (F) to Sell from Buy, skipping Hold. (Analysts typically move ratings one […]

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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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Business

As Ark’s flagship fund plunges 76% from its peak, Cathie Wood still views her stocks as residing in ‘deep value territory’

As Ark's flagship fund plunges 76% from its peak, Cathie Wood still views her stocks as residing in 'deep value territory'

The wheels have really come off the wagon of the stock market and Cathie Wood’s ARK Invest has, arguably, seen the most dramatic fall from its parabolic rise, amid the current downdraft in markets. However, the S&P 500 SPX, -1.65% hanging on the precipice of a bear market — a decline of at least 20% […]

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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 […]