Stock futures are flat after S&P 500 and Nasdaq close at record highs
Traders on the New York Stock Exchange. Source: NYSE Stock futures held steady in overnight trading on Monday as investors braced for another batch of corporate earnings. Futures on the Dow Jones Industrial Average and S&P 500 futures were little...
Singapore’s top banks could see a boost in share prices as earnings bounce back
View of the Singapore Central Business District. Suhaimi Abdullah | Getty Images News | Getty Images SINGAPORE — Singapore’s three largest banks are expected to report improved earnings as the global economy recovers from the Covid-19 pandemic, said analysts. ...
The Fed is unlikely to hint at policy changes next week, even with a stronger economy
Federal Reserve Jerome Powell testifies during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh | Reuters Federal Reserve officials next week are likely to...
Turkish crypto exchange boss goes missing, reportedly taking $2 billion of investors’ funds with him
A visual representation of the cryptocurrency Bitcoin on November 21, 2020 in London, England. Jordan Mansfield | Getty Images LONDON — A Turkish cryptocurrency exchange is offline and its CEO has reportedly gone missing, leaving thousands of investors worried that...
‘This is our generation’s moonshot,’ Energy Secretary Granholm says of fighting climate change
Secretary of Energy Jennifer Granholm speaks during the daily press briefing on April 8, 2021, in the Brady Briefing Room of the White House in Washington, DC. Brendan Smialowski | AFP | Getty Images Energy Secretary Jennifer Granholm on Friday...
Why a strong start to earnings season isn’t halting the slide for global stocks
The Wall Street sign is seen outside The New York Stock Exchange (NYSE) in New York, February 16, 2021. Brendan McDermid | Reuters LONDON — Corporate earnings season is off to a flying start, but the positive surprises have so...
Stock futures tick higher after concerns over capital gain tax hike prompt selling
Futures contracts tied to the major U.S. stock indexes ticked higher at the start of the overnight session as investors prepared to end a down week for equities amid concerns the White House could seek a hike to the capital...
Shortage of semiconductors, dubbed the ‘new oil,’ could dent GDP growth, boost inflation
China laid out seven “frontier” technologies in its 14th Five Year Plan. These are areas that China will focus research on and include semiconductors and brain-computer fusion. Yuichiro Chino | Moment | Getty Images Economic growth could slow and inflation...
Existing home sales suffer second straight monthly decline as tight supply pushes prices higher
Closed sales of existing homes fell 3.7% in March to a seasonally adjusted annualized rate of 6.01 million units, according to the National Association of Realtors. That is the slowest sales pace since August and the second straight month of...
The labor market is heating up as fewer people seek unemployment benefits
In an aerial view, workers with the San Francisco Department of Public Works repave a section of 24th Avenue on April 08, 2021 in San Francisco, California. Justin Sullivan | Getty Images Weekly unemployment claims fell to a new pandemic-era...
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