Tag: Economy

Finance Tech, Trading

Stocks slip on Wall Street as market eases back from records

April 6, 2021

Via: ABC News

TOKYO — Asian shares were mixed Wednesday after Wall Street took a breather, with major indexes edging lower. Japan’s benchmark Nikkei fell 0.5% to 29,544.93 and the Shanghai Composite index sank 0.7% to 3,459.25. Australia’s S&P/ASX 200 gained 0.3% to […]


Biden says higher corporate tax won’t hurt economy; Manchin opposes 28% rate

April 5, 2021


President Joe Biden said Monday he is not worried that a plan to increase corporate America’s tax bill would dampen the U.S. economy as it emerges from the Covid-19 pandemic. Asked whether he is concerned that the White House plan […]


5 things to know before the stock market opens Friday

March 12, 2021


Nasdaq futures fell about 200 points or 1.5% on Friday, one day after the tech-heavy index soared 329 points, or 2.5%, on gains in the likes of Apple, Facebook and Google-parent Alphabet. However, as bond yields ticked back up Friday, […]

Energy, Industries

Attack on Saudi oil site fuels upward march for crude prices

March 8, 2021

Via: ABC News

Oil prices remained elevated Monday as Saudi Arabian oil facilities were targeted by drone strikes just days after the largest crude exporting nations in the world said they would not increase output. Brent crude, the international standard, surpassed $70 per […]

Capital, Finance Tech

Rocket Mortgage founder Dan Gilbert made $30 billion on paper after stock’s surge

March 3, 2021


Tuesday’s dramatic and abnormal spike in the stock of Rocket Companies created a major windfall for founder Dan Gilbert, at least on paper. Shares of Rocket, where Gilbert is the majority shareholder, jumped more than 70% on Tuesday, adding $17.30 […]

Financial Services, Industries

Square Higher as Bank Begins Operations

March 2, 2021

Via: TheStreet

Square (SQ) – Get Report shares rose Tuesday as the company said that its industrial bank, Square Financial Services, has begun operations. The San Francisco company’s bank opening continues its diversification from strictly payment processing to broader financial services. Square […]

Finance Tech, Liquidity, Trading

Art Cashin expects more stock pain as traders worry about Fed losing control of bond market

February 26, 2021


Longtime trader Art Cashin told CNBC on Friday that investors should brace themselves for a period of stock market volatility as Wall Street digests rising bond yields. “You have to be very careful. There is a fine line. If the […]


Weekly jobless claims drop sharply but labor market remains challenged

February 25, 2021


Jobless claims fell sharply last week despite severe winter storms that swept across Texas and other parts of the South, the Labor Department reported Thursday. First-time filings for unemployment insurance totaled 730,000 for the week ended Feb. 20, well below […]

Finance Tech, Trading

How major US stock indexes fared Tuesday

January 13, 2021

Via: ABC News

Stocks shook off a midday slide and ended with modest gains Tuesday, leaving the major indexes close to their recent all-time highs. Small-company stocks continued to outpace the rest of the market by a wide margin, a sign that investors […]

Finance Tech, Trading

Stocks making the biggest moves after hours: Urban Outfitters, KB Home, Repay Holdings & more

January 12, 2021


Urban Outfitters — Shares of the retailer slid more than 11% after Urban Outfitters said net sales for the two months ended Dec. 31 fell 8.4% year over year. The company also announced that CEO Trish Donnelly will depart at […]