A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Aug. 23, 2021. Michael Nagle | Bloomberg | Getty Images U.S. stock futures were steady in overnight trading on Thursday as investors geared up for August’s jobs report. Dow futures rose just 6 points. S&P 500
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Computer code is seen on a screen above a Chinese flag in this July 12, 2017 illustration photo. Thomas White | Reuters BEIJING — Chinese authorities are planning to restrict how companies use algorithms to sell products to consumers, a move analysts said likely runs counter to business interests and sets a precedent for other
Check out the companies making headlines before the bell: Didi Global (DIDI) – Didi rallied 4.3% in the premarket following a Bloomberg report that Beijing was considering taking a stake in the ride-hailing company and possibly bringing it under state control. It is unclear what size stake Beijing would consider taking in the company. Netflix
OLIVIER DOULIERY | AFP | Getty Images More than a third of jobless Americans in August were long-term unemployed as benefits for these workers are set to expire. About 3.2 million people — or 37.4% of the total unemployed — have been out of work for at least six months, the official barometer for long-term
Visitors crowd around the Nvidia booth at the 2016 China Digital Entertainment Expo, known as ChinaJoy, in Shanghai. STR | AFP | Getty Images Check out the companies making headlines in midday trading. Didi Global — Shares of the Chinese ride-hailing giant climbed 3%, on pace for double-digit gains on the week amid a Bloomberg
A Chinese bank clerk counts yuan banknotes at a bank in Huaibei, east Chinas Anhui Province, July 6, 2012. Jie Zhao | Corbis News | Getty Images BEIJING — Chinese investors are turning to the local stock market as once-lucrative options like real estate and cryptocurrencies have fallen under tighter government scrutiny. Since late July,
A major investment bank is avoiding Chinese stocks, but buying its bonds. J.P. Morgan’s Joyce Chang believes the country’s regulation crackdown is heating up and will create downward pressure on major market groups and industries. “We really recommended [investors] to stay sidelined for the time being,” the firm’s chair of global research told CNBC’s “Trading
A dog sits in front of the New York Stock Exchange (NYSE) during Chewy Inc.’s initial public offering (IPO) in New York, U.S., on Friday, June 14, 2019. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Five Below — The retail stock tumbled more than 10% after the
A dog sits in front of the New York Stock Exchange (NYSE) during Chewy Inc.’s initial public offering (IPO) in New York, U.S., on Friday, June 14, 2019. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines after the bell. ChargePoint Holdings — ChargePoint, which makes charging systems for electric vehicles,
Traders on the floor of the New York Stock Exchange Source: The New York Stock Exchange U.S. stock futures were little changed on Wednesday night after the S&P 500 finished the first trading session of the month near the flatline. Dow Jones Industrial Average futures rose 5 points, or 0.01%. S&P 500 and Nasdaq 100
Air travelers wait in the ride share lot near a sign for Uber at Los Angeles International Airport (LAX) on August 20, 2020 in Los Angeles, California. Mario Tama | Getty Images Check out the companies making headlines in midday trading. Ambarella — Shares of the semiconductor company surged 20% after Ambarella beat expectations on
A general view of the atmosphere at the TommyXZendaya collection launch event at the Tommy Hilfiger store on March 3, 2019 in London, England. (Photo by David M. Benett/Dave Benett/Getty Images for Tommy Hilfiger) David M. Benett | Getty Images Entertainment | Getty Images Check out the companies making headlines after the bell. CrowdStrike Holdings
Traders work on the floor of the New York Stock Exchange (NYSE), Aug. 3, 2021. Michael Nagle | Bloomberg | Getty Images U.S. stock futures opened slightly higher Tuesday night after the S&P 500 notched a seven-month win streak in August. Dow Jones Industrial Average futures rose 45 points, or 0.13%. S&P 500 and Nasdaq
Zoom founder Eric Yuan poses in front of the Nasdaq building as the screen shows the logo of the video-conferencing software company Zoom after the opening bell ceremony on April 18, 2019 in New York City. Kena Betancur | Getty Images Check out the companies making headlines in midday trading. Zoom — The video-conferencing software company
A Meituan food courier delivers a bag of food to a resident of a neighborhood under lockdown due to the recent COVID-19 outbreak on August 11, 2021, in Zhangjiajie, Hunan Province of China. Yang Huafeng | China News Service | Getty Images BEIJING — China’s services industry contracted in August for the first time since
The bull sculpture representing the rise of the market by artist Reinhard Dachlauer is pictured in front of the stock exchange in Frankfurt, Germany, on December 29, 2020. Daniel Roland | AFP | Getty Images Stock futures rose slightly in overnight trading on Monday as the S&P 500 looks to wrap up its seventh straight
In this article BRK.A Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway’s annual meeting in 2019. Scott Morgan | Reuters Now 91, Warren Buffett is taking steps to make sure that Berkshire Hathaway — and his eventual successor — will be better positioned to
The market’s biggest bull predicts the S&P 500 will rally another 7%, but he warns a popular trade won’t be along for the ride. Wells Fargo Securities’ Chris Harvey recently cut software to underweight from neutral and declared it a crowded trade. He based the decision on technicals and earnings fundamentals and high valuations. “From
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Aug. 23, 2021. Michael Nagle | Bloomberg | Getty Images U.S. stock futures were steady in overnight trading on Sunday as investors readied for the final trading days of August. Dow futures rose just 11 points.
Federal Reserve Chair Jerome Powell testifies during a U.S. House Oversight and Reform Select Subcommittee hearing on coronavirus crisis, on Capitol Hill in Washington, June 22, 2021. Graeme Jennings | Pool | Reuters For the Federal Reserve, implementing the easiest monetary policy in the institution’s history was tough enough. Getting out will be no treat,