Finance

Stock futures fell in overnight trading on Monday as the markets struggled to sustain a comeback rally following weeks of losses. Futures on the Dow Jones Industrial Average fell 110 points, or 0.36%. S&P 500 futures dipped 0.76% and Nasdaq 100 futures dropped 1.3%. Zoom Video shares popped 6% in extended trading after sharing strong

As Shanghai tries to reopen businesses, one downtown district over the weekend banned residents from leaving their apartment complexes again for mass virus testing. Pictured here, in another district on May 21, 2022, is a line outside a shopping mall. Xu Kaikia | Visual China Group | Getty Images BEIJING — China’s economy won’t be

In this article JPM GPS VMW People pass the JP Morgan Chase & Co. Corporate headquarters in the Manhattan borough of New York City. Mike Segar | Reuters Check out the companies making headlines in midday trading. JPMorgan Chase – JPMorgan rose 7% after the bank said it expects to reach key return targets sooner than

In this article USDT.CM= Tether claims its dollar-pegged token is “fully backed.” Justin Tallis | Afp | Getty Images Investors have yanked more than $10 billion out of tether in the past two weeks amid heightened regulatory scrutiny over stablecoins. Tether, the world’s largest stablecoin, has seen its circulating supply plunge from a record $84.2

Traders on the NYSE, May 20, 2022. Source: NYSE Stock futures rose in overnight trading Sunday after the Dow Jones Industrial Average fell for its 8th straight week amid a broader market sell-off. Futures on the Dow industrial average gained 180 points, or 0.58%. S&P 500 futures added 0.67% and Nasdaq 100 futures rose 0.68%.

In this article USDT.CM= Tether previously claimed its stablecoin was backed 1-to-1 by U.S. dollars. Justin Tallis | Afp | Getty Images The issuer of the stablecoin tether said in a report that the controversial digital currency is now backed in part by “non-U.S.” government bonds. Stablecoins are a type of cryptocurrency pegged to the

In this article AMAT PANW ROST DECK VFC Signage outside Palo Alto Networks headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell Thursday: Applied Materials — Applied Materials shares fell more than 2% after the chipmaker

U.S. stock futures rose slightly Thursday night, as traders watched to see if the S&P 500 will tumble into bear market territory. S&P 500 futures traded 0.2% higher, while Nasdaq 100 futures gained 0.4%. Futures tied to the Dow Jones Industrial Average advanced 55 points, or 0.2%. Those moves came after another downbeat day on

In this article BA DE FL DASH VFC DECK Check out the companies making headlines before the bell: Foot Locker (FL) – The athletic footwear and apparel retailer reported an adjusted quarterly profit of $1.60 per share, 5 cents above estimates. Revenue was slightly below forecasts, and same-store sales fell by less than half of

The Deer & Co. John Deere 8R fully autonomous tractor is displayed ahead of the Consumer Electronics Show (CES) on January 4, 2022 in Las Vegas, Nevada. Patrick T. Fallon | AFP | Getty Images Check out the companies making headlines in midday trading. Deere — The stock plummeted 11.4% after Deere reported a miss

Stagflation is making a comeback, according to former Morgan Stanley Asia chairman Stephen Roach. He warns the U.S. is on a dangerous path that leads to higher prices coupled with slower growth. “This inflation problem is widespread, it’s persistent and likely to be protracted,” Roach told CNBC’s “Fast Money” on Thursday. “The markets are not

Chinese electric car company Nio delivered more than 5,000 cars in April despite Covid restrictions in some parts of China, albeit down sharply from nearly 10,000 vehicle deliveries in March. Future Publishing | Future Publishing | Getty Images BEIJING — Nio‘s biggest challenge right now is making sure that supply chains are stable, CEO William

In this article CSX KSS CSCO Cisco logo exhibited during the Mobile World Congress, on February 28, 2019 in Barcelona, Spain. NurPhoto | Getty Images Check out the companies making headlines in midday trading Thursday.  Harley-Davidson – Shares of the motorcycle maker fell more than 8% after the company said it’s suspending most vehicle assembly and

In this article BBWI SNPS CSCO A man passes under a Cisco logo at the Mobile World Congress in Barcelona, Spain February 25, 2019. Sergio Perez | Reuters Check out the companies making headlines after the bell:  Cisco Systems — Shares of the networking company sank nearly 13% after hours as the company forecasted a

Traders work on the floor of the New York Stock Exchange (NYSE) on May 18, 2022 in New York City. Spencer Platt | Getty Images Stock futures dipped in overnight trading Wednesday after the Dow Jones Industrial Average experienced its biggest one-day drop since 2020. Futures on the Dow Jones Industrial Average shed about 35

In this article LOW TGT Shoppers walk in front of a Target store at the Lycoming Crossing shopping plaza in Muncy, Pennsylvania. Sopa Images | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Target – Shares plunged 25.6% after the retailer reported disappointing quarterly results, citing high fuel costs and

Since March, mainland China has struggled to contain its worst Covid outbreak in two years. Notably, the metropolis of Shanghai, pictured here on May 18, only started this week to begin discussing resumption of normal activity — with a goal of mid-June. Hector Retamal | Afp | Getty Images BEIJING — Goldman Sachs analysts on

In this article JPM JP Morgan Chase & Co. Chairman & Chief Executive Officer Jamie Dimon testifies before the House Financial Services Committee on accountability for megabanks in the Rayburn House Office Building on Capitol Hill in Washington, DC on April 10, 2019. Mandel Ngan | AFP | Getty Images JPMorgan Chase CEO Jamie Dimon

In this article HOOD 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 Robinhood is handing over the keys to some of its customers’ crypto. The trading

China still holds the cards for global supply chains, whether or not Covid lockdowns frustrate businesses in the near term. An employee works on the production line of the screens for 5G smartphones at a factory on May 13, 2022 in Ganzhou, Jiangxi Province of China. Zhu Haipeng | Visual China Group | Getty Images