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Stock futures were little changed in overnight trading on Thursday after the Dow Jones Industrial Average crossed the 34,000 threshold for the first time ever. Futures on the Dow Jones Industrial Average gained 10 points. S&P 500 futures traded near the flatline and Nasdaq 100 futures dipped 0.2%. During regular trading hours, the blue-chip Dow rose 300 points to top […]
Read moreWith the trading day about halfway over, the broad markets were pushing much higher with solid gains across the board. The Nasdaq was leading the major indexes this time with a gain of roughly 1%. The Dow Jones industrials and the S&P 500 were close behind. 24/7 Wall St. is looking at some big analyst calls seen so far on […]
Read moreNew York (CNN Business)JPMorgan Chase CEO Jamie Dimon is bullish about the economy, but he remains concerned about the growing wealth gap, particularly for Black people, in the United States. “The American dream is fraying and income inequality is like the fault line,” Dimon said in an interview with David Axelrod, the founder and director of the University of Chicago […]
Read moreWhich bank stocks should you own ahead of earnings season? Key Advisors Group CEO Eddie Ghabour on earnings season, the Coinbase IPO and investing in today’s markets. Bank of America Corp reported a jump in first-quarter profit that breezed past estimates on Thursday as it released reserves it had set aside to cover potential coronavirus loan losses. The bank released […]
Read moreU.S. stock futures rose Wednesday, a day after the S&P 500's modest gain pushed the index to another record close. The Nasdaq jumped 1% on Tuesday, moving it within 1% of February's record close. The Dow Jones Industrial Average's late-day comeback stalled and reversed, resulting in its second straight decline from Friday's record finish. (CNBC) * Cathie Wood sees these […]
Read moreFrench luxury goods group LVMH posted a sharp rebound in first-quarter earnings after the bell on Tuesday, bolstered by Chinese and American demand for Louis Vuitton handbags and Dior products. German software giant SAP slightly raised its 2021 revenue outlook on Tuesday after first-quarter earnings showed robust progress in cloud sales. U.S. health authorities on Tuesday recommended pausing distribution of […]
Read moreFox Business Flash top headlines for April 13 Check out what’s clicking on FoxBusiness.com. The top executives of more than three dozen Michigan-based companies, including General Motors Co and Ford Motor Co, on Tuesday issued a joint statement opposing Republican-backed legislation to restrict voting. The move appeared to be pre-emptive, after Georgia companies such as Coca-Cola Co and Delta Air […]
Read moreHong Kong (CNN Business)Southeast Asia’s ride-hailing giant Grab is setting the stage for an eye-popping Wall Street debut. The Singapore-based startup announced Tuesday that it would merge with a special purpose acquisition company (SPAC) backed by Altimeter Capital in a deal that would pave the way for a New York listing and value Grab at about $39.6 billion. That’s more […]
Read moreEarlier this year, names tied to reopening, that were economically sensitive or trending on Reddit flew high. Tech stocks, which carried the market in 2020, slumped in the earlier part of this year as investors flocked to other sectors in the market. In mid-March, the tune changed and tech stocks began to rise. It could be that investors are focusing […]
Read more"With all these tech companies, you are in a sense also looking at regulatory and government overlays as much as you're looking at the company itself," says Aswath Damodaran, professor of finance at NYU Stern School of Business. In China, such behavior is "magnified," he added. "If you truly get on the wrong side of the government, the government (in […]
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