In many ways, the pandemic has been a time of reinvention for the food industry. When the economy ground to a halt last spring, restaurants across the U.S. pivoted to carry out, and crafted unique outdoor dining environments. Consumers began baking bread, stocking up on pantry items, cooking at home more often, and experimenting with […]
Stocks fell Friday after a record-setting session a day earlier, with stocks taking a pause after strong earnings results and more encouraging economic data helped fuel the latest leg higher in risk assets. Still, however, the three major indexes posted strong gains for the month of April. The S&P 500 dropped about 0.7%, after the […]
Billionaire investor Leon Cooperman told CNBC on Friday he expects the stock market will be lower than current levels one year from now. Cooperman’s comments came one day after the S&P 500 notched yet another record close in 2021, finishing Thursday’s session at 4,211.47. The broad equity index has risen roughly 12% year to date […]
Stock Markets In the past week, stocks tested record highs on the back of positive earnings reports. Although the major indexes closed slightly lower, the S&P 500, Nasdaq Composite, and S&P MidCap all tested new highs prior to correcting for Friday’s close. A deluge of first-quarter reports elicited reactions from investors, causing volatility in the […]
Wall Street can’t get enough of Apple’s blowout quarter. The iPhone giant reported a 54% increase in sales and authorized a $90 billion share buyback in its fiscal second-quarter earnings report, though did not issue official guidance for the upcoming quarter. Market analysts were nevertheless impressed. Here’s what four of them told CNBC after the […]
U.S. Federal Reserve Chairman Jerome Powell thinks capital markets, as typified by the dogecoin craze, are a “bit frothy.” He also admitted that the central bank’s easy-money policy may have had something to do with that froth. In a press conference Wednesday, Powell was asked whether he believed there was a risk to financial stability […]
If the stock market is considered a barometer of success, President Joe Biden’s first 100 days in office is starting off with a bang — a big bang. Since the election, the S&P 500 is up more than 20%. Since his inauguration in January, it’s up 10%. According to JPMorgan, that is the best 100-day run […]
Global stock markets have stagnated in recent weeks despite a deluge of strong earnings and economic data, but analysts think the rally will regain momentum. The current round of corporate earnings is proving to be one of the most successful in history with more than a third of blue chip companies having reported so far, Barclays analysts […]
U.S. stock index futures were higher in early morning trading on Thursday, after the major averages posted losses the day before. Futures contracts tied to the Dow Jones Industrial Average gained 88 points. S&P 500 futures and Nasdaq 100 futures also traded in positive territory. Apple and Facebook’s strong quarterly results boosted futures. Apple said […]
BEIJING — Chinese companies are rushing to go public in the red-hot IPO market in the U.S. — before it loses steam. The first three months of the year marked the busiest quarter for overall U.S. initial public offerings since 2000, according to consulting firm EY. Despite the coronavirus pandemic and tensions between the U.S. […]
Federal Reserve Chairman Jerome Powell said Wednesday that an apparent hiring bottleneck in the labor market – which has made it difficult for employers to hire workers, despite a persistently high jobless rate – will likely end in the coming months. “My guess is we’ll come back to this economy where we have equilibrium between […]
The pan-European Stoxx 600 ended the session little changed, with banks adding 1.5% — led by a surge of Deutsche Bank’s share price — while industrials fell 0.7%. European investors are digesting a slew of earnings reports from Deutsche Bank, Sanofi, Dassault Systemes, Banco Santander, French Connection, GlaxoSmithKline and Lloyds Banking Group, among others. Deutsche […]
