Sweden’s central bank launches 100 basis point rate hike
[ad_1] Sweden’s Riksbank launched a 100 basis point hike to interest rates on Tuesday as it looks to rein in inflation. Mikael Sjoberg/Bloomberg via Getty Images Sweden’s Riksbank on Tuesday…
Lennar, Coinbase, Array Technologies and more
[ad_1] A worker at a Lennar home under construction. Justin Sullivan | Getty Images News | Getty Images Check out the companies making the biggest moves midday Monday: D.R. Horton,…
Carvana, Bristol-Myers Squibb, Alphatec and more
[ad_1] Ernie Garcia, CEO, Carvana Scott Mlyn | CNBC Check out the companies making headlines before the bell Monday. Carvana — Shares of the online car seller rose more than…
Bristol-Myers Squibb, Twitter, Gilead Sciences and more
[ad_1] Check out the companies making the biggest moves midday Monday: Gilead Sciences — Shares of Gilead rose 3.8% after the biopharmaceutical company revealed it settled a patent case over…
Rent the Runway, Oracle, Wolfspeed and more
[ad_1] Check out the companies making headlines before the bell: Rent the Runway — Shares dropped 22% after the fashion rental company said it’s laying off 24% its corporate workforce.…
Wall Street slump leads to 50% plunge in JPMorgan advisory revenue
[ad_1] Daniel Pinto, JPMorgan’s chief executive of corporate and investment bank. Simon Dawson | Bloomberg | Getty Images The deal-making slowdown that has weighed on Wall Street this year shows…
Meta, Rent the Runway, Oatly and Adobe
[ad_1] Onur Dogman | Lightrocket | Getty Images Check out the companies making headlines in midday trading Tuesday. Meta – Shares of Meta slid 9.37% as the overall market fell…
China’s tourism revenue was below pre-Covid 2019 levels amid lockdowns
[ad_1] National tourism revenue for the long weekend ended Monday reached 28.68 billion yuan ($4.16 billion), only 60.6% of pre-pandemic levels in 2019, according to China’s Ministry of Culture and…
Ares Management CEO Michael Arougheti breaks down where to find yield in a world of uncertainty
[ad_1] (Click here to subscribe to the Delivering Alpha newsletter.) Inflation, a hawkish Fed, fears of a recession have all made 2022 a tough environment for investing. A traditional portfolio of stocks…
Twilio, Starbucks, Nikola, Moderna and more
[ad_1] A cup of Starbucks coffee sits on a table in a cafe. Joel Boh | Reuters Check out the companies making headlines in midday trading. Starbucks — Shares jumped…
Rail stocks, Arconic, NextEra Energy and more
[ad_1] Check out the companies making headlines before the bell: Union Pacific (UNP), CSX (CSX), Norfolk Southern (NSC) – Rail stocks are all higher in the premarket following news of…
Netflix, Adobe, Wynn Resorts, Humana and more
[ad_1] Adobe Systems world headquarters in downtown San Jose, Calif. Lisa Werner | Moment Mobile | Getty Images Check out the companies making headlines in midday trading. Netflix — The…
‘The economy is braking hard,’ says billionaire Barry Sternlicht
[ad_1] The U.S. economy is teetering on the brink of a serious downturn if the Federal Reserve doesn’t pump the brakes on its rate hikes, billionaire CEO Barry Sternlicht said.…
UK PM Liz Truss is facing multiple economic crises. Time for Trussonomics?
[ad_1] New British Prime Minister Liz Truss delivers a speech outside Downing Street, in London, Britain September 6, 2022. Toby Melville | Reuters LONDON — New British Prime Minister Liz…
How billionaire Bankman-Fried survived the slump and still expanded
[ad_1] FTX CEO Sam Bankman-Fried has been shopping for bargains amid the industry’s recent carnage and said he still has cash to spend if opportunity knocks. It may seem strange.…
FedEx, Adobe, Boeing and more
[ad_1] FedEx received its first five of an order of 500 electric Light Commercial Vehicles (eLCVs) from BrightDrop. Courtesy: Fedex Check out the companies making headlines in midday trading. FedEx…
FedEx, International Paper, Uber and more
[ad_1] Check out the companies making headlines before the bell: FedEx (FDX) – FedEx tumbled 20.3% in premarket trading after issuing a profit warning due to declining package delivery volumes…
Pro athletes Isaiah Thomas and Dexter Fowler dish about top money tips
[ad_1] Malerapaso | Istock | Getty Images HUNTINGTON BEACH, Calif. — Professional athletes are faced with a difficult task early in their careers — learning to deal with big sums…
NextEra, Danaher, Rhythm Pharmaceuticals and more
[ad_1] Wind turbines at the San Gorgonio Pass wind farm, owned by NextEra Energy Inc., in Whitewater, California, on Wednesday, Feb. 17, 2021. Bing Guan | Bloomberg | Getty Images…
How China workers stack up against the US, UK and Brazil
[ad_1] Unemployment among China’s youth aged between 16 and 24 has surged to nearly 20%, according to an official survey for July. Pictured here is a job fair in Beijing…
Cathie Wood’s contrarian deflation call gets endorsements from Elon Musk, Jeffrey Gundlach
[ad_1] Cathie Wood, chief executive officer and chief investment officer, Ark Invest, gestures as she speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022…
SoFi, Nucor, Starbucks, CSX & more
[ad_1] Check out the companies making headlines in premarket trading Wednesday. Starbucks – Shares of Starbucks gained nearly 1% after the company boosted its long-term forecast and said it expects…
Next Fed rate hike to spark dangerous game in economy: Peter Boockvar
[ad_1] The market’s violent reaction to hotter-than-expected inflation may usher in more losses. Investor Peter Boockvar believes Wall Street is coming to grips with a painful reality: Inflation isn’t moderating,…
4 big factors impacting markets and the economy right now
[ad_1] Avalon_studio | E+ | Getty Images HUNTINGTON BEACH, Calif. — There are four big trends impacting the economy and stock market right now, and uncertainty around each is creating…
Inflation ‘collapse’ will spark big stock market gains: Credit Suisse
[ad_1] Credit Suisse expects the Federal Reserve to pause interest rate hikes sooner than widely expected due to tumbling inflation. According to the firm’s chief U.S. equity strategist, it will…