Market bull predicts calmer June but delivers a summer swoon warning
Investors may get relief from volatility this month. According to CFRA Research’s Sam Stovall, Wall Street just entered a historically calm month. “June really is sort of a lackluster month in terms of average returns [and] in terms of frequency...
China’s Robinhood rivals pile into the crypto craze as they look to compete overseas
In this photo illustration a Bitcoin logo seen displayed on a smartphone with stock market percentages in the background. Omar Marques | SOPA Images | LightRocket | Getty Images BEIJING — Two of China’s rivals to stock trading app Robinhood...
Black Wall Street was shattered 100 years ago. How the Tulsa race massacre was covered up and unearthed
Ruins of the Greenwood District after the massacre of African Americans in Tulsa, Oklahoma, in June 1921. American National Red Cross photograph collection. GHI | Universal Images Group | Getty Images A century ago this week, the wealthiest U.S. Black...
AMC stock erases a 38% rally and turns red in wild trading, but ends the week up 116%
Shares of AMC Entertainment gyrated on Friday as speculative trading activities continued to escalate. The stock closed down 1.5% after rallying as much as 38% earlier Friday. Despite the intraday reversal, shares advanced more than 116% week to date, bringing...
Stocks making the biggest moves midday: AMC, Ulta Beauty, Best Buy, HP and more
Check out the companies making headlines in midday trading. AMC Entertainment — Shares of AMC Entertainment are in a middle of a roller-coaster session Friday as they turned 5% lower after rallying as much as 38%. By midday, over 360...
A key U.S. inflation gauge rose 3.1% year over year, higher than expected
A key inflation indicator rose a faster-than-expected 3.1% in April as price pressures built in the rapidly expanding U.S. economy, the Commerce Department reported Friday. The core personal consumption expenditures index was forecast to increase 2.9% after rising 1.9% in...
Goldman Sachs, Credit Suisse and other firms are using free food to lure workers back to the office
Sharebite CEO and cofounder Dilip Rao and co-founder Mohsin Memon Source: Sharebite There’s no such thing as a free lunch — except when big companies want to get their employees back to the office during a pandemic. Employers including banks...
Biden goes on offensive against economic critics, argues rising wages show his agenda is working
WASHINGTON — After weeks of defending his economic policies against critics who blame them for overheating the economy, President Joe Biden went on the offensive Thursday, arguing that rising wages are a sign his agenda is boosting the fortunes of...
Job searches jumped 5% in states cutting unemployment benefits, analysis finds
Peter Dazeley | The Image Bank | Getty Images The threat of losing unemployment benefits in two dozen states had a modest but short-lived effect on job search activity, according to an analysis published Thursday by job site Indeed. At...
Stocks making the biggest moves in the premarket: AMC Entertainment, Ulta Beauty, Salesforce.com & more
Take a look at some of the biggest movers in the premarket: AMC Entertainment (AMC) – The movie theater operator’s shares jumped another 15.4% in premarket trading, following four straight days of gains and a nearly 36% surge in Thursday’s...
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