Evergrande slides into default while some ratings agencies keep quiet
An exterior view of China Evergrande Centre in Hong Kong, China March 26, 2018. Bobby Yip | Reuters BEIJING — Indebted property developer China Evergrande defaulted this week with hardly a ripple in markets as most institutions remained silent. Late...
Didi is delisting in New York. Here’s what happens if you own a delisted stock
Traders work during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. Brendan McDermid | Reuters Although Didi’s situation is plagued by company-specific factors,...
Inflation surged 6.8% in November, even more than expected, to fastest rate since 1982
Inflation accelerated at its fastest pace since 1982 in November, the Labor Department said Friday, putting pressure on the economic recovery and raising the stakes for the Federal Reserve. The consumer price index, which measures the cost of a wide-ranging...
Stocks making the biggest moves midday: Costco, Oracle, Peloton and more
Shopping carts are lined up in front of a Costco store on February 25, 2021 in Inglewood, California. Mario Tama | Getty Images Check out the companies making headlines in midday trading Friday: Costco — Costco shares rose more than 6%...
Stocks making the biggest moves premarket: Chewy, Lululemon, Beyond Meat, Peloton & more
Check out the companies making headlines before the bell: Chewy (CHWY) – The online pet products retailer’s stock tumbled 10% in the premarket after it reported a wider-than-expected quarterly loss. Sales were in line with Street forecasts, but profit was impacted...
Stock futures are little changed ahead of key inflation data
A trader works on the floor of the New York Stock Exchange (NYSE) December 9, 2021. Brendan McDermid | Reuters Stock futures opened little changed on Thursday after investors pulled back from the market rebound earlier in the week and...
Investors brace for the highest inflation reading in nearly 40 years
Gabriela Chirinos pumps gas into her vehicle at a Shell station on November 22, 2021 in Miami, Florida. Joe Raedle | Getty Images If the consensus is correct, the last time inflation was this high was in the early years...
Powell’s fourth major shift raises questions about the Fed’s policy credibility
Jerome Powell, chairman of the U.S. Federal Reserve, speaks in the Eisenhower Executive Office Building in Washington, D.C., U.S., on Monday, Nov. 22, 2021. Samuel Corum | Bloomberg | Getty Images If the Federal Reserve meets expectations next week and...
Weekly jobless claims fall to 184,000, the lowest level in more than 52 years
Weekly jobless claims tumbled last week, reaching a fresh 52-year low as the U.S. jobs market climbs out of its pandemic-era hole, the Labor Department reported Thursday. Initial filings for unemployment insurance totaled 184,000 for the week ended Dec. 4,...
Stocks making the biggest moves premarket: CVS, Hormel, RH, GameStop and others
Check out the companies making headlines before the bell: CVS Health (CVS) – The drug store operator issued new guidance ahead of its investor day, saying it expects a 2022 adjusted profit of $8.10 to $8.30 per share compared with...
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