A relatively quiet day on Wall Street resulted in a win for stocks as bargain hunters swooped in following a stretch of losses for the major market indexes. The recent spate of selling was sparked by worries that the Federal Reserve will keep hiking interest rates and hold them higher for longer as the U.S.… Continue reading Stock Market Today: Stocks Rally on Encouraging Jobs Data
S&P 500 climbs to snap 5-day losing streak as investors assess recession risks
Jennifer Sor Reuters / Brendan McDermid US stocks climbed on Thursday, with the S&P 500 snapping a five-day losing streak. Markets had been weighed earlier by fears the Fed will keep rates higher for longer amid resilient economic data. But on Thursday, the Labor Department reported that claims for unemployment benefits increased 4,000 to 230,000… Continue reading S&P 500 climbs to snap 5-day losing streak as investors assess recession risks
Activision Blizzard falls as FTC says it is suing to stop Microsoft’s takeover of the gaming giant
Activision Blizzard shares fell as the FTC announced it will sue to stop Microsoft from acquiring the video game giant. Activision agreed to be bought by Microsoft in January for $69 billion. The deal would harm competition in the gaming industry, the FTC said in a statement on Thursday. Loading Something is loading. Thanks for… Continue reading Activision Blizzard falls as FTC says it is suing to stop Microsoft’s takeover of the gaming giant
‘It appears massive fraud was committed’: Here are the 7 best quotes from Coinbase CEO Brian Armstrong’s interview on crypto, FTX, and the future of digital assets.
The implosion of FTX shook the crypto industry to its core in recent weeks as token prices continue to fall. Coinbase hasn’t been immune to the tumult, with the company expecting a 50% revenue decline in 2022. CEO Brian Armstrong gave an interview to the Stratechery newsletter, and these are the best quotes. Loading Something… Continue reading ‘It appears massive fraud was committed’: Here are the 7 best quotes from Coinbase CEO Brian Armstrong’s interview on crypto, FTX, and the future of digital assets.
Russia’s oil exports plunge on EU price cap and latest round of sanctions
Russia’s oil exports have plunged amid the latest round of western sanctions. According to data from Kpler, Russian seaborne oil shipments fell 16% on Tuesday. Russia’s central bank has called the sanctions “new economic shocks” that could derail the economy. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized… Continue reading Russia’s oil exports plunge on EU price cap and latest round of sanctions
GameStop jumps 10% despite 3rd-quarter earnings miss as CEO says the meme-stock favorite will consider acquisitions
GameStop stock jumped 10% on Thursday despite the game retailer’s third-quarter earnings miss. The meme-stock favorite’s CEO said that the company is considering acquisitions. CEO Matt Furlong said GameStop is eyeing potential acquisitions in a mission to “accomplish something unprecedented in the retail sector.” Loading Something is loading. Thanks for signing up! Access your favorite… Continue reading GameStop jumps 10% despite 3rd-quarter earnings miss as CEO says the meme-stock favorite will consider acquisitions
Developing world facing $2.5 trillion debt shock
‘A generalized debt crisis could materialize’ Author of the article: Bloomberg News Antony Sguazzin Publishing date: Dec 07, 2022 • 14 hours ago • 2 minute read Join the conversation The street market of Sonsonate in El Salvador. Photo by Gordon Beck/Montreal Gazette files Developing nations may need to find as much as $2.5 trillion over… Continue reading Developing world facing $2.5 trillion debt shock
Tired of mutual funds, ETFs? Build-your-own-index boom could hit $825 billion in four years
Direct indexing essentially allows investors to cherry-pick which stocks to buy in a benchmark index Author of the article: Bloomberg News Katie Greifeld Publishing date: Dec 07, 2022 • 16 hours ago • 2 minute read Join the conversation A monitor displays S&P 500 market data in front of the New York Stock Exchange. Photo by… Continue reading Tired of mutual funds, ETFs? Build-your-own-index boom could hit $825 billion in four years
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