Tuesday, May 17, 2022
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Some factories might leave China, but in the grand scheme of things it doesn’t matter much

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

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Home affordability at 2007 bubble levels, but crash is unlikely: Blackstone’s Joe Zidle

A major Wall Street firm is drawing a striking parallel to the housing bubble.Blackstone's Joe Zidle calls homes almost as unaffordable as the 2007 peak. Yet, he believes a crash is unlikely due to a major difference: Most owners aren't using their homes like an ATM."That caused so many

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Stock futures are flat after S&P, Nasdaq start the week in the red

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 13, 2022. Brendan Mcdermid | ReutersU.S. stock index futures were flat during overnight trading on Monday, following a volatile session that saw the S&P 500 and Nasdaq Composite continue their march lower.Futures

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Stocks making the biggest moves after hours: United Airlines, Take-Two Interactive & more

A United Airlines passenger plane is loaded at the capital's BER airport before its first flight from BER to New York's Newark Airport. On flights to the U.S. East Coast, Berliners and Brandenburgers no longer necessarily have to change planes. From Monday, United Airlines will connect Schönefeld directly with

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Goldman Sachs gives senior managers a new perk: ‘Flexible vacation’ policy

David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020.Adam Galacia | CNBCGoldman Sachs is giving its top managers a new perk more common in the tech industry: the ability to take as much vacation time as they want.The investment bank told managing

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Stocks making the biggest moves midday: Spirit Airlines, Eli Lilly, Signature Bank and more

Spirit Airlines planes on the tarmac at the Fort Lauderdale-Hollywood International Airport on February 07, 2022 in Fort Lauderdale, Florida.Joe Raedle | Getty ImagesCheck out the companies making headlines in midday trading Monday.Spirit, JetBlue — Shares of JetBlue Airways dipped 4.7% on news that the company's offering $30 a share

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$3 billion in bitcoin was sold in a last-ditch attempt to save UST stablecoin from collapse

Bitcoin fell below the $26,000 level since December 2020. (Photo credit should read CFOTO/Future Publishing via Getty Images)CFOTO | Future Publishing via Getty ImagesInvestors have been eager to find out what happened to the $3 billion in bitcoin bought up by crypto firm Terra to back its failed stablecoin.

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Stocks making the biggest moves in the premarket: Spirit Airlines, Carvana, Warby Parker and more

Take a look at some of the biggest movers in the premarket:Spirit Airlines (SAVE) – Spirit Airlines surged 19.3% in premarket trading after JetBlue (JBLU) launched a $30 per share tender offer for its rival airline. Spirit had rejected a prior bid by JetBlue, preferring to keep a previously

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