Before the bell, have a look at the businesses generating news: Kohl’s (KSS) — Kohl’s announced adjusted quarterly profits of 11 cents per share, below the average forecast of 70 cents. Although revenue exceeded expectations, the company cited a difficult sales environment as well as greater expenses. In premarket trade, Kohl’s shares dipped 3.3 percent. […] More
According to former Morgan Stanley Asia head Stephen Roach, stagflation is making a return. He cautions that the United States is on a risky road that will result in higher costs and weaker GDP. “This inflation issue is broad, chronic, and likely to endure,” Roach said on Thursday on CNBC’s “Fast Money.” “The markets are […] More
In April, industrial output unexpectedly decreased as Covid restrictions suspended or reduced factory operations. On May 12, a worker at a Whirlpool (China) facility in Hefei, Anhui province, is photographed on a washing machine manufacturing line. Getty Images | Vcg | Visual China Group Goldman Sachs analysts said they’re “seeing light at the end of […] More
Getty Images | FG Trade | E+ In the downturn, there are opportunities. According to Paula Pant, producer of the podcast “Afford Anything,” today’s market collapse also presents a chance for young investors with the longest time horizons to prepare for retirement. “Your best buddy is a dip,” she said. “So, purchase the drop, take […] More
On Thursday, May 13, 2021, signage outside Palo Alto Networks offices in Santa Clara, California, United States. Getty Images | David Paul Morris | Bloomberg Take a look at the businesses that made news after the bell on Thursday: Applied Materials — Shares of the chipmaker plummeted more than 2% after the company reported quarterly […] More
Tether stated earlier that their stablecoin was backed 1:1 by US dollars. Getty Images | Justin Tallis | Afp The contentious digital currency tether is now backed in part by “non-US” government bonds, according to the issuer of the stablecoin. Stablecoins are a sort of cryptocurrency that is tied to the value of conventional assets […] More
On February 28, 2019, the Cisco logo was shown during the Mobile World Congress in Barcelona, Spain. Getty Images | NurPhoto Check out the businesses generating news during Thursday’s lunchtime trading session. Harley-Davidson Motorcycles – The motorbike maker’s stock dropped more than 8% after the business said that most vehicle assembly and shipping will be […] More
On May 18, 2022, traders work on the floor of the New York Stock Exchange (NYSE) in New York City. Getty Images/Spencer Platt Stock futures fell overnight Wednesday as the Dow Jones Industrial Average dropped the most in a single day since 2020. The Dow Jones Industrial Average futures dropped approximately 30 points. Futures on […] More
Moment | Getty Images | Sod Tatong The Federal Trade Commission said Wednesday that scammers are taking advantage of a nationwide baby formula shortage to dupe consumers into paying exorbitant prices through bogus online stores. According to a consumer alert, the con artists use images and logos of well-known formula brands to entice “desperate parents […] More
Jamie Dimon, chairman, and chief executive officer of JP Morgan Chase & Co., testifies before the House Financial Services Committee on accountability for megabanks on April 10, 2019, in the Rayburn House Office Building on Capitol Hill, Washington, D.C. Jamie Dimon, the chief executive officer of JPMorgan Chase, received a rare rebuke on Tuesday due […] More
Futures for U.S. equities were substantially higher on Tuesday morning as the market attempted to recover from a bear market for the tech-heavy Nasdaq and a 19 percent decline for the S&P 500. Futures contracts associated with the Dow Jones Industrial Average increased by more than 300 points, or 1.1%. S&P 500 futures increased by […] More
There have been repeated calls for a comprehensive audit of Tether’s reserves. Since tether briefly deviated from its dollar peg, investors have withdrawn more than $7 billion, raising new questions about the reserves underlying the world’s largest stablecoin. According to data from CoinGecko, the circulating supply of Tether decreased from approximately $83 billion a week […] More