Stocks making the biggest moves midday: Didi Global, Nvidia, PagerDuty and more
Visitors crowd around the Nvidia booth at the 2016 China Digital Entertainment Expo, known as ChinaJoy, in Shanghai. STR | AFP | Getty Images Check out the companies making headlines in midday trading. Didi Global — Shares of the Chinese...
Joseph Stiglitz says it’s time to rewire the U.S. economy: ‘We shouldn’t let a good crisis go to waste’
U.S. economist Joseph Stiglitz believes now is a good time to rewire the U.S. economy, arguing that “we shouldn’t let a crisis go to waste.” The former senior vice president and chief economist of the World Bank said on Thursday...
Chinese stocks are too risky right now – buy its bonds instead, J.P. Morgan’s Joyce Chang suggests
A major investment bank is avoiding Chinese stocks, but buying its bonds. J.P. Morgan’s Joyce Chang believes the country’s regulation crackdown is heating up and will create downward pressure on major market groups and industries. “We really recommended [investors] to...
Stock futures gain after sluggish start to September with key jobs data ahead
Traders on the floor of the New York Stock Exchange Source: The New York Stock Exchange U.S. stock futures gained slightly on Thursday after the S&P 500 finished the first trading session of the month near the flatline. Dow Jones...
Consumer protection group looks to increase transparency for small business loans
Ting Shen/Bloomberg via Getty Images The Consumer Financial Protection Bureau proposed a rule Wednesday to raise transparency around loans for small businesses. If finalized, the federal agency’s rule would require lenders to collect and report more data about credit applications...
Private payrolls increase by just 374,000 in August, far short of the 600,000 estimate, ADP says
U.S. companies created far fewer jobs than expected in August as the Covid resurgence coincided with cutbacks in hiring, according to a report Wednesday from payroll services firm ADP. Private payrolls rose just 374,000 for the month, well below the...
Stock futures open slightly higher following another record-setting month for the S&P 500
Traders work on the floor of the New York Stock Exchange (NYSE), Aug. 3, 2021. Michael Nagle | Bloomberg | Getty Images U.S. stock futures opened slightly higher Tuesday night after the S&P 500 notched a seven-month win streak in...
Two more factors have popped up that add to the Fed’s inflation worries
A home, available for sale, is shown on August 12, 2021 in Houston, Texas. Brandon Bell | Getty Images Trends in home prices and consumer expectations that were part of data releases Tuesday pointed to more inflationary issues on the...
Stocks making the biggest moves in the premarket: Zoom Video, Robinhood, Designer Brands and more
Take a look at some of the biggest movers in the premarket: Zoom Video (ZM) – Zoom reported quarterly earnings of $1.36 per share, 20 cents a share above estimates. Revenue also beat forecasts and topped $1 billion for the...
Robinhood tanks after SEC chair tells Barron’s that banning payment for order flow is a possibility
Vlad Tenev, CEO and co-founder Robinhood Markets, Inc., is displayed on a screen during his company’s IPO at the Nasdaq Market site in Times Square in New York City, U.S., July 29, 2021. Brendan McDermid | Reuters Shares of Robinhood...