Top stocks after hours: Netflix, Snap, CrowdStrike and more
Netflix has hired two ad executives from Snap, Netflix confirmed to Yahoo Finance. Snap Chief Business Officer Jeremi Gorman and Vice President of ad sales Peter Naylor will be joining the streaming giant in September. Netflix COO Greg Peters said in a statement to Yahoo Finance, “Jeremi’s deep experience in running ad businesses and Peter’s […]
Indian shares fall as U.S. Fed signals aggressive policy stance
Indian shares fell on Monday, led by losses in information technology and realty stocks, taking cues from U.S. Federal Reserve signaling aggressive rate hikes. Fed Chair Jerome Powell’s promise of policy “pain” to contain inflation quashed hopes that the central bank would soften its rate hike stance to prevent an economic slowdown. The NSE Nifty […]
Indian shares trim gains ahead of Powell speech, post weekly loss
Indian shares gave up some gains on Friday and registered their first weekly loss in six, as investors maintained caution ahead of U.S. Federal Reserve Chair Jerome Powell’s speech that is likely to provide cues on future interest rate hikes. The NSE Nifty 50 index (.NSEI) ended 0.21% higher at 17,558.9, while the S&P BSE Sensex (.BSESN) closed 0.1% […]
Rouble steadies near 60 vs dollar; TCS, M.Video shares down after results
The Russian rouble stabilized near 60 against the dollar on Thursday, lacking new momentum, while shares in TCS, owner of Russia’s Tinkoff Bank, and retailer M.Video-Eldorado fell after earnings reports. At 0718 GMT, the rouble was little changed on the day at 59.86 against the dollar and eased 0.4% to trade at 59.77 against the […]
US Futures Waver Amid Fed Policy, Growth Risks: Markets Wrap
US index futures struggled for direction as investors digested the latest hawkish noises from the Federal Reserve amid mounting signs of a global economic slowdown. Cntracts on the S&P 500 and Nasdaq 100 fluctuated in a tight range. The 10-year Treasury yield climbed about two basis points after data showed orders placed with US factories […]
Indian shares edge up in volatile trade, metals gain
Indian shares edged up marginally on Tuesday in choppy trade after a weak start, trailing rest of Asia. The NSE Nifty 50 index (.NSEI) opened down 0.7% but recouped losses and was up 0.2% at 17,529.4 as of 0411 GMT, while the S&P BSE Sensex (.BSESN) rose 0.1% to 58862.95. The Nifty metal index (.NIFTYMET) was up 1% while IT stocks […]
Ryan Cohen’s Stock Sale Is No Problem for Bed Bath & Beyond’s True Believers
A stupefying rally in Bed Bath & Beyond Inc.’s BBBY -40.54%▼ stock came skidding to a halt last week when one of the company’s biggest shareholders cashed out. Now, a crowd of individual investors say they are hoping to ride out the worst of the selloff. Even as Bed Bath & Beyond slumped Friday in its worst one-day pullback ever, individual […]
Wall St Week Ahead: Summer rebound in U.S. stocks gains fans among chart-watching investors
The rebound in U.S. stocks is gaining believers among investors who study market trends, bolstering hopes for equities in the second half of 2022. After notching its worst first half since 1970, the S&P 500 has bounced some 15% from its mid-June low, fueled by stronger-than-expected corporate earnings and hopes the economy can avoid a […]
Dollar climbs as Fed set for lengthy inflation fight
The dollar climbed to a three-week high on Thursday after minutes from the Federal Reserve’s July meeting pointed to U.S. interest rates staying higher for longer to bring down inflation. Sterling briefly dropped below the $1.2 level to a three-week low, thanks to the stronger dollar, and also suffering from red hot inflation figures released […]
US Futures Tumble as Fed Worries Outweigh Earnings: Markets Wrap
US stock-index futures fell as concerns over the Federal Reserve’s aggressive rate-hike path outweighed robust corporate earnings and China’s stimulus plans. September contracts on the S&P 500 Index slipped 0.8% after the equity benchmark posted modest gains Tuesday amid a rally in retailer stocks. Nasdaq 100 futures retreated 0.9% signaling a selloff in technology names […]