Tag: Economy
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Stocks making the biggest moves in the afternoon: LULU, MU, CCL, CALM
A display of a Canadian sportswear retailer’s Lululemon logo in one of their stores. Alex Tai | LightRocket | Getty Images Check out the companies making headlines in Wednesday afternoon trading. Lululemon – Shares of the athletic apparel company rose more than 13% after the company reported strong quarterly earnings and earnings that beat Wall […]
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5 things you need to know before the stock market opens on Wednesday, March 29
The run on Silicon Valley Bank could have been worse. The FBI accused Sam Bankman-Fried of bribing at least one Chinese official. Starbucks Senator Bernie Sanders and Howard Schultz face each other at a Senate hearing. Here are the most important news items investors need to start their trading day: The market is in a […]
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The chairman of the Saudi National Bank resigns just days after Credit Suisse’s comments led to a sell-off
The chairman of the Saudi National Bank, Ammar al-Khudairy, has resigned. He will be replaced by SNB Managing Director and Group CEO Mohammed al-Ghamdi. Al-Khudairy’s resignation comes days after his comment in mid-March that SNB was unlikely to increase its stake in Credit Suisse, at a time when the European lender was grappling with an […]
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The benefits of shrinking food stamps pose a challenge for retailers
Pandemic-related emergency funding from the Supplemental Nutrition Assistance Program, formerly known as food stamps, ended this month in most states. For retailers such as Kroger, Walmart and Dollar General, the drop in SNAP dollars will put pressure on open sales. Add in lower tax refunds on average this year and shoppers will have fewer dollars […]
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SQ, DB, GME, ATVI and more
Jack Dorsey, chief executive officer of Square Inc., second right, gives a tour of the floor of the New York Stock Exchange (NYSE) in New York, USA, on Thursday, November 19, 2015. Jana Paskova | Bloomberg | Getty Images Check out the companies making headlines during midday trading. Block — Shares fell nearly 3%, after […]
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Europe’s leaders are battling the banking crisis amid market losses
German Chancellor Olaf Scholz said Deutsche Bank is profitable after shares fell more than 10% during European trading. Ludovic Marin | Afp | Getty Images BRUSSELS – European leaders wanted to emphasize on Friday that the banking sector in the region is stable and solid German Bank‘s sudden drop as markets opened up for trading. […]
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Fed’s Powell versus inflation versus the markets
Fed Chairman Jerome Powell at yesterday’s press conference. Photo: Alex Wong/Getty Images On Wednesday afternoon, the Federal Reserve not only raised interest rates for the ninth consecutive time in the face of a banking crisis. It also confirmed that its plans for the year remain more or less intact and that almost all of its […]
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Financial instability as the biggest market risk: Wells Fargo
A major Wall Street firm ranks financial instability over inflation as the biggest economic risk for the next three months. In an interview following the Federal Reserve’s quarter-point rate hike, Michael Schumacher of Wells Fargo Securities suggested that policymakers are underestimating how quickly tightening credit conditions could hurt the economy. “The Fed doesn’t give enough […]
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5 things you need to know before the stock market opens on Wednesday, March 22
The Fed is expected to raise its benchmark rate. Google releases its AI product Bard for testing. Nike sees momentum in China after Covid-induced slump. Here are the most important news items investors need to start their trading day: The decision day has arrived. Will the Federal Reserve raise its reference rate by another quarter […]
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US Treasury Bond Yields Ahead of Fed Interest Rate Decision
US Treasury yields fell on Wednesday as investors awaited the Federal Reserve’s latest interest rate decision and central bank monetary policy guidance. At 5:48 a.m. ET, the 10-year Treasury yield was down 2 basis points to 3.587%. The 2-year Treasury was trading at 4.134% after falling about 4 basis points. Yields and prices move in […]