Stock futures remained unchanged in overnight trading as the Dow Industrial Average and S&P 500 closed at a similar level after a short-term gain after another positive inflation report. Dow Jones-linked futures added 24 points or 0.07%, while the S&P 500 and Nasdaq 100 futures increased 0.1%. Rivian’s stock spun overnight after the electric vehicle … Read more
Eugene Zhang, founder of VC Silicon Valley TSVC Spencer Greene, general partner of TSVC Courtesy of TSVC Eugene Zhang, an experienced investor in Silicon Valley, remembers exactly the moment when the young startup market peaked this year. He said the flow of money from venture capital firms, hedge funds, and wealthy families flowing into seed-stage … Read more
Wholesale prices fell for the first time in two years in July as falling energy prices slowed down inflation, the Bureau of Labor Statistics said on Thursday. The Producer Price Index, which measures prices received for end-demand products, has declined by 0.5% since June, the first month-on-month decline since April 2020, one month after the … Read more
Check out the companies that hit the headlines before the bell: Six Flags (SIX) – Shares of the amusement park operator fell 12.8% in the pre-sale market after its quarterly earnings and revenues were well below Wall Street’s forecasts. Among other things, Six Flags saw attendance drop by 22%. Canada Goose (GOOS) – The outerwear … Read more
Dow futures were higher in overnight trading on Wednesday after all major averages surged sharply thanks to the better-than-expected July inflation report. Dow Jones-linked futures added 0.27% or 89 points, while the S&P 500 and Nasdaq 100 contracts increased by 0.26% and 0.38% respectively. Disney added 6.7% in late trade after releasing higher-than-expected subscriber numbers … Read more
The Disney store is visible in Times Square, New York. Nick Pfosi | Reuters Check out the companies that made headlines after Wednesday’s bell: Walt Disney – Entertainment company’s stock rose 5.8% after Disney posted better-than-expected numbers of Disney + subscriptions for the previous quarter. Subscriptions came in at 152.1 million, above expectations of 147.76 … Read more
Check out the companies that make headlines when trading in the South. Coinbase saw a 27% drop in revenue in the first quarter as use of the platform declined. Czesnot | Getty Images Coinbase – Crypto operator shares rose by around 6%, despite the company reporting a larger-than-expected loss at the end of Tuesday and … Read more
Check out the companies that hit the headlines before the bell: Wendy’s (WEN) – Wendy’s shares fell 1% in pre-market trading after a mixed quarter in which the restaurant chain posted better-than-expected profits while revenues were below Street forecasts. Sales of the same US restaurant rose 2.3%, less than analysts estimate as consumers spent more … Read more
In this image in the photo, the Coinbase logo is displayed on the screen of the smartphone. Rafael Henrique | SOPA images | Light rocket | Getty Images Check out the companies that hit the headlines in trading after hours. Coinbase – Coinbase is down more than 3.5% in after-hours trading after reporting quarterly gains. … Read more
View of the cruise ship Norwegian Encore during the inaugural cruise with PortMiami, which took place on November 21-24, 2019. Orlando the Guardian | Grandstand information service | Getty Images Check out the companies that make headlines when trading in the South. Norwegian Cruise Line – Shares fell almost 12% on Tuesday after the company … Read more
