Finance – LIVE GENERAL NEWS

Finance

Stock futures are flat after Wall Street begins week with modest losses

May 18, 2021

Pedestrians walk past Nasdaq on September 3, 2020 in New York.Xinhua News Agency | Getty ImagesFutures contracts linked to major US stock indices remained stable overnight Monday night after Wall Street started the week with modest losses.Dow futures added 17 points while contracts pegged to the S&P 500 traded around the flatline. The Nasdaq 100 futures have...

By Robert Dunfee 0 Comments

Finance

Michael Burry of ‘The Big Short’ reveals a $530 million bet against Tesla

May 17, 2021

Michael Burry attends the New York premiere of "The Big Short" on November 23, 2015 at the Ziegfeld Theater in New York City.Jim Spellman | WireImage | Getty ImagesFamed investor Michael Burry announced a short position on Tesla worth more than half a billion in a filing for approval on Monday.Burry, one of the first investors to...

By Robert Dunfee 0 Comments

Finance

No reason to change policy despite inflation fears

May 17, 2021

Raphael Bostic, president of the US Federal Reserve in Atlanta, told CNBC on Monday that he was satisfied with the ultra-loose policy of the central bank even as inflation picked up in the economy."We still have 8 million jobs before our prepandemic," said CNBC's Bostic Steve Liesman during a "Squawk Box" interview. "Until we make substantial progress to...

By Robert Dunfee 0 Comments

Finance

5 things to know before the stock market opens Thursday, May 13

May 17, 2021

Here are the top news, trends, and analysis that investors need to get their trading day started:1. Dow will extend the sell-off if the futures fall againTraders on the floor of the New York Stock Exchange.Source: NYSEThe blue-chip Dow Jones industry average is expected to extend heavy losses on Wednesday after above-forecast consumer prices caused investors to dump risk-weighted...

By Robert Dunfee 0 Comments

Finance

Vroom, Shift, Sonos, Poshmark & more

May 17, 2021

Check out some of the largest moving companies on the pre-market:Vroom (VRM) - Vroom stock rose 11% in the pre-market after posting a lower-than-expected loss in the most recent quarter. The online used car dealer's revenue surpassed estimates as demand increased. Consumers are turning to used cars as the global shortage of chips is limiting the production...

By Robert Dunfee 0 Comments

Browsing Category:Finance