Stocks moving big premarket: TSN, PYPL, Children’s PLCE
Tyson food meat products are shown in this photo illustration in Encinitas, California.Mike Blake | ReutersCheck out the companies making headlines in premarket trading.Tyson Foods – Shares of the food processing giant suffered a 6% drop in premarket trading after the company reported weaker-than-expected results for the first quarter. Earnings came in at 85 cents […]
Stocks making the biggest moves midday: AMZN, GOOGL, AAPL
Workers load packages into Amazon Rivian Electric trucks at an Amazon facility in Poway, California, November 16, 2022.Sandy Huffaker | ReutersCheck out the companies making headlines in midday trading.Amazon – The e-commerce giant’s stock tumbled 8.4% despite a revenue beat. Late Thursday, Amazon issued weaker-than-expected guidance for the current period. The company also reported a […]
U.S. credit card debt jumps 18.5% and hits a record $930.6 billion
For most Americans, inflation and rising interest rates are a one-two punch.On the heels of another rate hike this week by the Federal Reserve, credit card annual percentage rates are already near 20%, on average, and set to climb even higher. At the same time, more consumers are leaning on credit to afford increasingly expensive necessities, […]
Wheat prices fall over 10% in 7 days on selling of FCI stock in open market
Food Corporation of India’s (FCI) sale of 920,000 tonnes of wheat through its e-auction at a reserve price of Rs 2,474 per quintal since Wednesday has brought down prices by almost 10 per cent. The auction generated Rs 2,290 crore for the corporation on February 1 and […]
World’s biggest pension fund posts loss in longest losing streak in two decades
Masataka Miyazono, president of the Government Pension Investment Fund (GPIF), speaks during a news conference in Tokyo, Japan, on Friday, July 1, 2022.Bloomberg | Bloomberg | Getty ImagesJapan’s Government Pension Investment Fund — the world’s largest — reported a fourth consecutive quarterly loss on Friday, taking it to its longest losing streak in 20 years.The world’s […]
January jobs seen slowing slightly, but impact of big layoffs unclear
Economists expect slightly slower, but still strong job growth in January, while the impact of corporate layoff announcements is unclear.According to Dow Jones, the consensus forecast calls for 187,000 new nonfarm jobs in January, down from 223,000 that were created in December. The employment report will be released at 8:30 a.m. ET Friday.The unemployment rate […]
Gold slips from nine-month peak as dollar regains lost ground
Gold bars being counted in IstanbulYoray Liberman | Getty ImagesGold prices slipped nearly 2% as the dollar rebounded and some investors locked in profits after bullion scaled a nine-month peak on dovish remarks from Federal Reserve Chair Jerome Powell.Spot gold dipped 1.91% to $1,9153.09 per ounce, having hit its highest since April 2022 earlier in […]
Stocks moving big midday: META, ALGN, COIN
The Commission took issue with Meta’s pairing of Facebook Marketplace with its personal social network.Budrul Chukrut | SOPA Images | Lightrocket | Getty ImagesCheck out the companies making headlines in midday trading.Meta — The tech giant’s shares jumped 25% by the middle of the trading day, on track for its strongest day in nearly a […]
Stocks moving big after hours: META, ALGN, ELF
Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesCheck out the companies making headlines in after-hour trading.Meta — The Facebook parent jumped 17% after the company announced a $40 billion stock buyback when reporting quarterly results. Meta beat analysts’ estimates for fourth-quarter revenue, according to Refinitiv. Meta also said it lost $13.7 billion in […]
Live: Chair Powell Speaks After Fed Raises Interest Rates a Quarter Point: 02/01/22 – 2:30 ET
Federal Reserve Chair Jerome Powell holds a news conference on Wednesday following the closed two-day Federal Open Market Committee (FOMC) meeting and will discuss interest rate policies. Powell speaks about how The Federal Reserve raised its benchmark interest rate by a quarter percentage point on Wednesday and gave little indication that it is nearing the […]