Wednesday, June 29, 2022
Home > Markets

China’s economy didn’t bounce back in the second quarter, China Beige Book survey finds

China's exports surged by 16.9% in May from a year ago, two times faster than analysts expected. Pictured here on June 15, 2022, are workers in Jiangsu province making stuffed toy bears for export.Si Wei | Visual China Group | Getty ImagesBEIJING — Chinese businesses ranging from services to

Read More

Stocks making the biggest moves midday: Nike, Las Vegas Sands, Boston Beer and more

Check out the companies making headlines in midday trading.Nike — Shares of Nike fell 7% even after the company topped Wall Street's earnings and sales expectations for the fiscal fourth-quarter. Nike said it anticipates flat to slightly higher revenue for its fiscal first-quarter versus the prior year, and low

Read More

ARK Invest’s Cathie Wood says the U.S. is already in a recession

Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Bitcoin 2022 conference in Miami, Florida, U.S., on Thursday, April 7, 2022.Eva Marie Uzcategui | Bloomberg | Getty ImagesArk Invest CEO Cathie Wood said Tuesday that the U.S. is already in an economic downturn, and she

Read More

Stocks making the biggest moves in the premarket: Nike, Spirit Airlines, Occidental Petroleum and more

Take a look at some of the biggest movers in the premarket:Nike (NKE) – Nike fell 2.4% in premarket trading despite reporting better-than-expected quarterly profit and revenue. The athletic apparel and footwear maker forecast current-quarter revenue below analysts' estimates amid increased promotional activity and ongoing disruptions in its profitable

Read More

China cuts quarantine time for international travelers in big step toward easing Covid controls

For more than two years, overseas travelers have had to quarantine upon arrival in China because of Covid restrictions. Pictured here at Beijing International Airport on June 18, 2022, are passengers waiting to be taken to quarantine-designated destinations.Leo Ramirez | Afp | Getty ImagesBEIJING — China cut the quarantine

Read More

As Klarna and Affirm falter, a new breed of ‘buy now, pay later’ startups are stealing the spotlight

Klarna is in talks to raise funds at a sharp discount to its last valuation, according to a report from the Wall Street Journal. A spokesperson for the firm said it doesn't comment on "speculation."Jakub Porzycki | NurPhoto via Getty ImagesWith hype over the "buy now, pay later" trend

Read More

Stock index futures inch higher following a losing day Monday

Stock futures rose slightly in overnight trading Monday following a losing day as investors prepare to rebalance their portfolios with the end of the quarter fast approaching.Futures on the Dow Jones Industrial Average gained 36 points. S&P 500 futures edged up 0.2% and Nasdaq 100 futures rose 0.3%.The overnight

Read More

Stocks making the biggest moves midday: Coinbase, Spirit Airlines, Robinhood and more

Check out the companies making headlines in midday trading.Spirit Airlines — The budget airline's shares fell nearly 8% amid news that advisory firm Institutional Shareholder Services told Spirit shareholders to vote for the proposed merger with Frontier Airlines. It comes after Frontier Airlines upped the cash portion of its

Read More