Wall Street
What to expect from Robinhood, Reddit and Citadel
The chiefs of Robinhood, Reddit, Citadel and Melvin Capital, are headed to Washington for Thursday’s highly anticipated GameStop hearing at the U.S. Congress. Lawmakers will get their chance to grill the CEOs, as well as the Reddit trading star known as Roaring Kitty, about last month’s GameStop trading turmoil. Robinhood CEO Vlad Tenev, Melvin Capital …
Dow’s Slide Accelerates as Wall Street Scrutinizes Size of Biden Aid Plan
Stocks declined Friday as President-elect Joe Biden unveiled a $1.9 trillion Covid-19 relief package, banks fell after kicking off earnings season and U.S. retail sales were worse than expected. The Dow Jones Industrial Average fell 359 points, or 1.16%, to 30,632, the S&P 500 declined 1.1% and the Nasdaq was down 1.06%. Stocks tumbled in …
Stock Futures Slide on Tax Concerns
U.S. stock futures edged lower Friday as some investors grew concerned that President-elect Joe Biden’s $1.9 trillion Covid-19 relief plan could lead to higher taxes. Futures tied to the S&P 500 fell 0.3%, indicating the benchmark index may decline for a second day. Contracts tied to the Nasdaq-100 edged less than 0.1% lower and those …
Tesla, FLIR Systems, Bitcoin: What to Watch When the Stock Market Opens Today
Here’s what we’re watching as markets open Monday for the first trading session of 2021. —U.S. stock futures rose on hopes that continued government stimulus and the rollout of coronavirus vaccines will bode well for equities. Futures tied to the S&P 500 rose 0.4% Monday, while contracts lined to the Dow Jones Industrial Average gained …
Danimer Scientific’s plastic technology attracts investors
Anyone who’s seen the classic 1967 film “The Graduate” starring Dustin Hoffman knows that plastics are not normally a sexy business. But a little-known plastics company set to list its shares on the New York Stock Exchange on Wednesday has Wall Street salivating — thanks to technology being eyed by major companies like PepsiCo and …
No shows, no health care — shutdown crushes actors
Isabelle McCalla, Caitlin Kinnunen, and The cast of The Prom perform onstage during the 2019 Tony Awards at Radio City Music Hall on June 9, 2019 in New York City. Theo Wargo | Getty Images Just over a year ago, Caitlin Kinnunen was sitting shoulder-to-shoulder with the biggest Broadway names in Radio City Music Hall, …
Goldman’s bet to break into a $32 billion industry serving the world’s biggest corporations
Hari Moorthy, Goldman Sachs global head of transaction banking. Source: Goldman Sachs Goldman Sachs wants to help any company in the world become a bank. The firm has just released software that allows clients to embed banking services into their own products as part of a push to break into the $32 billion a year …
Dow futures rise more than 100 points in overnight trading as investors monitor Trump’s health
President Donald Trump addresses the U.S. public after being hospitalized at Walter Reed. October 3, 2020. The White House Stock futures rose in overnight trading on Sunday as investors brace for another volatile week with President Donald Trump’s hospitalization adding more uncertainty to the market outlook ahead of Election Day. Futures on the Dow Jones …
U.S. Stock Futures Wobble After Turbulent Session
U.S. stock futures wobbled Tuesday, signaling that stocks may steady after a bout of volatility that has eroded investors’ confidence in the market’s monthslong rebound. Futures tied to the S&P 500 edged down 0.2% while contracts tied to the technology-heavy Nasdaq gained 0.4%. The market retreated sharply Monday, pushing the S&P 500 to a fourth-straight …
U.S. Stocks Open Higher as Bank Earnings Reports Roll In
U.S. stocks rose Wednesday as another round of earnings reports from major banks and blue-chip companies began trickling in. The Dow Jones Industrial Average added 39 points, or 0.1%, shortly after the opening bell. The S&P 500 climbed 0.1% and the Nasdaq Composite also rose 0.1%. Shares of Bank of America fell 1.7% after it …