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in NewsThe market fears the monkeypox economic effects. Consumer confidence fell by 0.9%, and the EU approved sending weapons to Ukraine
The market fears the monkeypox economic effects. Consumer confidence fell by 0.9%, and the EU approved sending weapons to Ukraine. U.S. stocks rose today as fears of soaring energy prices and inflation increased among investors. As for the recent update about the Ukrainian war, the U.S. in its last statement confirmed that about 20 nations […] More
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in GeneralStock futures surge after Dow falls for 8th-straight week in unrelenting sell-off
Traders on the NYSE, May 20, 2022. Source: NYSE Stock futures gained in overnight trade Sunday as the Dow Jones Industrial Average dropped for its 8th consecutive week amid a wider market sell-off. Futures on the Dow industrial average climbed 224 points, or 0.72 percent . S&P 500 futures increased 0.9 percent and Nasdaq 100 […] More
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in GeneralStocks continue to make new lows. Here’s how to both safeguard and grow your investment money.
The market rise that started in late March 2020 has come to a halt, and Wall Street and Main Street investors alike are taking a more conservative stance. The S&P 500 fell more than 20% below its all-time high on Friday before finishing flat owing to a late-day comeback. Some market analysts will consider it […] More
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in News
The S&P 500 has entered a bear market after falling 1.9% in Friday afternoon trading as concerns about interest rate policy tightening grow
The S&P 500 has entered a bear market after falling 1.9% in Friday afternoon trading as concerns about interest rate policy tightening grow. Before the COVID pandemic, the Russian war, and China’s recent economic crisis, the stock market was generally trending upward. All these factors have pushed the stock market in confusing directions, and no […] More
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in General
The CEO of the world’s second-largest alternative investment business is upbeat about a little downturn.
Bruce Flatt has been the CEO of Brookfield Asset Management for the last two decades, building it to become the world’s second-largest alternative investment business. He is responsible for more than $725 billion in assets spread across real estate, private equity, infrastructure, energy transition, credit, and insurance. Flatt shares his broad perspective in an exclusive […] More
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in General
Foot Locker, Deere, DoorDash and others
Before the bell, have a look at the businesses generating news: FL – Foot Locker The athletic footwear and clothing company had an adjusted quarterly profit of $1.60 per share, which was 5 cents more than analysts’ expectations. Revenue was somewhat lower than expected, while same-store sales decreased by less than half of what experts […] More
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in General
Despite Beijing’s prohibition, China is the second-largest bitcoin mining center in the world.
By September 2021, China accounted up just over 22 percent of the entire bitcoin mining industry, according to Cambridge University data. Paul Ratje | The Washington Post | Getty Images Bitcoin miners aren’t giving up in China despite Beijing’s prohibition on the activity. China was previously the world’s greatest crypto mining hotspot, accounting for between […] More
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in General
Stock futures surge, with the S&P 500 on brink of bad market
U.S. stock futures gained early on Friday as traders looked to see whether the S&P 500 would drop into bear market territory. Futures related to the Dow Jones Industrial Average climbed 196 points, or 0.63 percent . S&P 500 futures traded 0.76 percent higher, while Nasdaq 100 futures gained 1.06 percent . Those changes occurred […] More
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in General
Demand will endure, issue is with supply chains
Despite Covid restrictions in some parts of China, Chinese electric car company Nio delivered more than 5,000 cars in April, a sharp decrease from nearly 10,000 deliveries in March. Getty Images | Future Publishing | Future Publishing BEIJING — According to Nio CEO William Li, the company’s biggest challenge right now is ensuring supply chain […] More
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in General
Why are fuel prices so high? Fuel prices are a problem for both businesses and consumers.
A sign shows gas pricing at a gas station on May 10, 2022 in San Mateo County, California. Liu Guanguan | China News Service | Getty Images The spike in fuel prices is difficult to ignore and at the forefront of customers’ thoughts as billboards advertise that petrol now costs $4, or $5, or even […] More
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in General
Kohl’s, BJ’s Wholesale, Spirit and more
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
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in News
Existing-home sales in the United States fell 2.4% in April compared to March
Existing-home sales in the United States fell 2.4% in April compared to March. Existing home prices jumped by 14.8% year over a year starting in April, the highest record in the last 3 years. Experts agree that high inflation pressure, high cost of materials, and supply chain issues have affected existing house sales in the […] More