U.S. stock index futures moved higher during overnight trading on Wednesday as stocks looked to build on February’s momentum. Futures contracts tied to the Dow gained 34 points, or 0.09%. S&P 500 futures and Nasdaq 100 futures rose 0.06% and 0.07%, respectively. The move comes after the Dow advanced 63 points during regular trading hours
Finance
The red hot SPAC market is getting even hotter in 2021, raising concerns about rampant speculation detached from reason that could leave retail investors fresh off the GameStop bust holding the bag. Not only are special purpose acquisition companies raising a record level of capital — more than $30 billion so far for its biggest
U.S. stock were flat in overnight trading on Tuesday following the regular session that snapped a six-day winning streak on Wall Street. Dow futures rose 35 points. S&P 500 futures gained 0.14% and Nasdaq 100 futures rose 0.13%. Better-than-expected earnings from Twitter, Lyft, Cisco Systems, Mattel and Yelp boosted sentiment on Wall Street. Lyft reported
The Twitter App loads on an iPhone in this illustration photograph taken in Los Angeles, California. Mike Blake | Reuters Check out the companies making headlines after the bell on Tuesday: Twitter — The social media company’s shares were up 1% after-hours on better-than-expected results for the fourth quarter. Twitter earned 38 cents a share
Stefani Reynolds/Bloomberg via Getty Images Millions of Americans will get tax forms for unemployment benefits this filing season. However, many will get them in error due to fraud, creating a potential headache for recipients. At least $36 billion has been lost to improper unemployment payments, largely due to fraud, by early November, according to an
A Temasek Holdings signage at their office in Singapore. Munshi Ahmed | Bloomberg | Getty Images SINGAPORE — Singapore’s state investment company Temasek Holdings announced Tuesday that Ho Ching will retire from her roles as chief executive and executive director on Oct. 1. Ho, the wife of Singapore’s Prime Minister Lee Hsien Loong, has been
A police officer directs Miami-Dade County residents as they line up in their cars to receive a paper unemployment form on April 7, 2020 in Hialeah, Florida. Daniel A. Varela/Miami Herald/Tribune News Service via Getty Images Millions of workers have left the labor force since the early days of the Covid pandemic. That’s bad news
The reflection of bitcoins in a computer hard drive. Thomas Trutschel | Photothek via Getty Images Bitcoin’s price jumped sharply to an all-time high after Tesla revealed a big stake in the digital coin and said it would start accepting payments in bitcoin in exchange for its products. The world’s largest cryptocurrency last traded 12%
Men wearing face masks walk past a Gap store at a shopping area, as the country is hit by an outbreak of the new coronavirus, in Beijing, China February 7, 2020. Jason Lee | Reuters BEIJING — China’s capital city will hand out about $1.5 million in a limited trial of the central bank’s digital
As the Reddit rebellion tries to make a comeback, one long-time market bull is seeing euphoria at dot-com bubble levels. According to Ed Yardeni, it’s happening because the government is unintentionally setting the stage for retail investors to wage highly speculative bets. “There’s just so much liquidity that has been provided by the Fed and
The GameStop Corp. logo on a smartphone Tiffany Hagler-Geard | Bloomberg | Getty Images A look at a list of the 10 most-purchased stocks by retail traders during the market mania last month is missing one key stock: GameStop. AMC Entertainment and Plug Power, two names caught up in the trading frenzy along with GameStop,
Traders work on the floor of the New York Stock Exchange. NYSE Blowout earnings are forcing analysts to up estimates for 2021. With a little more than half of companies reporting, earnings are proving to be a pleasant surprise for the trading community. The GameStop/Robinhood fiasco is turning out to be a minor blip in
President Joe Biden speaks delivers a foreign policy address during a visit to the State Department in Washington, February 4, 2021. Tom Brenner | Reuters President Joe Biden said this weekend that it is unlikely a $15 federal minimum wage provision makes it into the next Covid-19 relief package, hitting pause on a key campaign
Dan and Grace Porte lost their jobs at Target when the Covid pandemic began. The couple, in their mid-80s, had used the income to supplement Social Security. Dan and Grace Porte Dan and Grace Porte worked together for decades. In the 1970s, they started a paint and wallpaper business. Then, after the housing bubble burst
Attendees play the Activision Blizzard Inc. Call Of Duty: Black Ops 4 video game at the company’s booth during the E3 Electronic Entertainment Expo in Los Angeles, California, U.S., on Tuesday, June 12, 2018. Troy Harvey | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Ford — The legacy automaker’s
Cars line up to pick up food boxes at the Athens County Fairgrounds in Athens, Ohio on Dec. 19, 2020. BRAD LEE | AFP | Getty Images Long-term unemployment is edging toward a historical peak, almost a year into the pandemic-fueled downturn. Workers are deemed to be “long-term unemployed” when their jobless spell is longer
Take a look at some of the biggest movers in the premarket: Peloton (PTON) – Peloton doubled consensus estimates in reporting quarterly profit of 18 cents per share, and the fitness equipment maker’s revenue came in above estimates as well. Peloton will be incurring extra costs in the near term, however, to reduce shipping delays
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures were flat in overnight trading on Thursday, following a four-day winning streak on Wall Street as investors awaited a closely-watched January jobs report. Futures on the Dow Jones Industrial Average rose just 20 points. S&P 500 futures were flat and Nasdaq
Jakub Porzycki/NurPhoto via Getty Images GameStop’s stock is tanking again on Thursday, as the Reddit-fueled trade continues to unravel. Shares of GameStop are down more than 25% on Thursday, brining the brick-and-mortar video game retailer’s weekly losses to nearly 80%. The drop in price comes despite the rollback of trading limits from stock trading app
Take a look at some of the biggest movers in the premarket: Canada Goose (GOOS) – Canada Goose shares surged more than 15% in the premarket after the outerwear maker beat estimates on both the top and bottom lines. Results were helped by strong growth in China sales as well as a surge in online