People wearing protective face masks wait at a bus stop with a display of the current national debt amid the coronavirus disease (COVID-19) pandemic in Washington, January 31, 2022. Sarah Silbiger | Reuters LONDON — Global sovereign debt is expected to climb by 9.5% to a record $71.6 trillion in 2022, according to a new … Read more
SINGAPORE — Technology stocks in Asia-Pacific declined in Wednesday trade, mirroring losses seen among their peers on Wall Street following an overnight surge in the US 10-year Treasury yield. Chinese tech stocks in Hong Kong dropped in Wednesday trade, with Alibaba falling 4.05% and Meituan declining 2.81% while Tencent shed 1.85%. The Hang Seng Tech … Read more
SINGAPORE — Technology stocks in Asia-Pacific declined in Wednesday trade, mirroring losses seen among their peers on Wall Street following an overnight surge in the US 10-year Treasury yield. Chinese tech stocks in Hong Kong dropped in Wednesday trade, with Alibaba falling 4.05% and Meituan declining 2.81% while Tencent shed 1.85%. The Hang Seng Tech … Read more
CNBC’s Jim Cramer on Tuesday picked three liquified natural gas stocks investors should consider purchasing. “Two are pure plays on liquefied natural gas exports – a little dicier – and then one is a more diversified story, really perfect for home-gamers who are worried about volatility,” the “Mad Money” host said. Russia’s ongoing invasion of … Read more
Carnival Cruise Line’s Carnival Ecstacy cruise ship is docked at the Port of Jacksonville amid the Coronavirus outbreak on March 27, 2020 in Jacksonville, Florida. Sam Greenwood | Getty Images Here are the companies making headlines in midday trading. Twitter — Shares of the social media company rallied more than 3% after Twitter announced that … Read more
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks lower after two-session winning streak Traders on the floor of the NYSE, April 4, 2022. Source: NYSE US stock futures dipped Tuesday after back-to-back gains on Wall Street. The Nasdaq advanced nearly 2% to … Read more
Take a look at some of the biggest movers in the premarket: Carvana (CVNA) – Carvana was downgraded to “sector perform” from “outperform” at RBC Capital Markets, with the price target for the online car seller’s stock cut to $138 per share from $155 per share. RBC bases its call both on valuation and potential … Read more
Artist renderings of the companies’ rockets, from left to right: New Glenn, Vulcan Centaur, and Ariane 6. Blue Origin / United Launch Alliance / Arianespace Amazon on Tuesday announced what it says is the biggest rocket deal in the commercial space industry’s history, signing on with three companies for up to 83 launches of its … Read more
US Treasury yields rose and remained inverted on Tuesday morning, amid concerns that recession may be on the horizon. The yield on the 2-year Treasury note climbed 3 basis points to 2.461% at 3:30 am ET, while the benchmark 10-year Treasury yield gained 2 basis points at 2.4413%. The yield on the 5-year US government … Read more
A major Wall Street firm is on correction watch. Despite the latest market bounce, Morgan Stanley’s Mike Wilson is bracing for an S&P 500 decline of at least 13% between now and September. Wilson cited technical headwinds on CNBC’s “Fast Money” on Monday. “It does have all the hallmarks of what I would call a … Read more