General

Wall Street Edges Lower as the S&P Heads for its third consecutive day of Losses This month. Wall Street experienced a mixed trading session as the S&P revised its morning gains and losses. As of 15:04 a.m. ET, the Dow showed a slight decline of 0.09%, while the S&P suffered a more significant drop of […] More

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

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

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

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

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

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

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

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

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