US stocks closed lower Wednesday as investors kept a watchful eye on the prospects for the debt-limit deal in an expected House floor vote. Meanwhile, strong US jobs data and China’s economic woes pressured global markets. The S&P 500 (^GSPC) fell 0.60% while the Dow Jones Industrial Average (^DJI) dipped […]
Finance
Stocks surged higher on Friday after a strong May jobs report and news late Thursday that the Senate passed the debt ceiling bill eased fears over a US debt default and a marked slowdown in the economy. The S&P 500 (^GSPC) rose 1.45% while the Nasdaq Composite (^IXIC) popped 1.07%. […]
The May jobs report released Friday showed the US economy remains strong with more than 300,000 jobs created last month, while the unemployment rate rose to 3.7%. The US economy added 339,000 nonfarm payroll jobs last month, data from the Bureau of Labor Statistics showed Friday. This marks the 14th-straight […]
Hiring in the construction industry isn’t slowing down. Jobs in construction grew by 25,000, including 2,400 jobs added in residential construction in May, the Labor Department said on Friday. Over the past 12 months, construction has added an average of 17,000 jobs per month. “While the housing industry, a very […]
Let’s talk about the popular Intel Corporation (NASDAQ:INTC). The company’s shares received a lot of attention from a substantial price increase on the NASDAQGS over the last few months. As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already […]
Not sure how much to tip, if at all, when faced with those iPad payment screens? Finance Is Cool founder and CEO Haley Sacks has some advice. Since the pandemic, tipping has proliferated—with 90% of customers tipping 15% or higher in 2022 in common settings. Also on the rise are […]
The US labor market continues to surprise. Data from Bureau of Labor Statistics out Friday showed there were 339,000 jobs created in May, topping Wall Street estimates for 195,000. This marked the 14th-straight month that job creation came in above what Wall Street economists had expected and the largest monthly […]
Following a strong jobs report, a signed deal to raise the nation’s borrowing limit, and the beginning of the Federal Reserve’s quiet period ahead of its June 13-14 policy meeting, investors will get a reprieve of sorts in the week ahead. Investors reading the Fed tea leaves now see the […]
This is The Takeaway from today’s Morning Brief, which you can receive in your inbox every Monday to Friday by 6:30 a.m. ET along with: As we noted here last week, Wall Street has treated the latest version of Washington drama over raising the debt ceiling with a collective shrug. […]
DUBLIN and SHANGHAI, May 26, 2023 (GLOBE NEWSWIRE) — PDD Holdings Inc. (“PDD Holdings” or the “Company”) (NASDAQ: PDD), today announced its unaudited financial results for the first quarter ended March 31, 2023. First Quarter 2023 Highlights Total revenues in the quarter were RMB37,637.1 million (US$15,480.4 million), an increase of […]
Nvidia (NVDA) has cemented its status once more as Wall Street’s market darling after an upbeat AI-fueled earnings call and an outlook that rocked the financial models of already bullish analysts. Shares of the chip giant exploded 27% in trading on Thursday as results trounced analyst estimates. The company’s ticker […]
On Thursday, revisions to first quarter economic data showed the economy grew faster than initially expected despite inflation coming in higher than first noted. In the labor market, revisions resulting in part from fraudulent data in Massachusetts show jobless claims aren’t piling up as previously anticipated. Together, the data points add […]
A Real Estate Investment Trust (REIT) is a company that owns, operates, or finances income-generating real estate. REITs provide investors with an opportunity to invest in real estate without directly owning properties, offering advantages such as regular income through dividends, portfolio diversification, potential tax benefits, professional management, and liquidity through […]
DENVER, May 26, 2023 /PRNewswire/ — Palantir Technologies Inc. (NYSE: PLTR) today announced its AIPCon customer conference will be publicly live streamed on June 1, 2023. The exclusive conference will have a particular focus on the rapid adoption of Palantir AIP, bringing together C-suite executives from across Palantir’s current and prospective customers. Palantir […]
Stocks surged higher Friday afternoon as investors waited for developments from Washington, D.C. on the debt-ceiling deliberations and digested the latest corporate earnings as a new wave of AI optimism boosted tech stocks. All three major indexes ended the trading day higher with the Nasdaq pacing gains. The S&P 500 […]
This is The Takeaway from today’s Morning Brief, which you can receive in your inbox every Monday to Friday by 6:30 a.m. ET along with: Did you think Yahoo Finance was done covering Nvidia’s eye-popping week of stock price gains on the back of a mind-bending earnings call and longer-term […]
Investors may not be able to go into the next interest rate meeting with an all clear for a pause. St. Louis Fed President James Bullard told the Financial Times Thursday that he supports raising rates higher as ‘insurance’ against inflation. Bullard – perhaps the most hawkish member on the […]
Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) Google shares are trading higher Thursday amid continued AI momentum, along with reports of Google phasing out third-party cookies for 1% of the users of its Chrome browser in the first quarter of 2024. The Big Tech firm reiterated its pledge to phase out third-party cookies in Chrome more […]
These are the stocks moving in after-hours trade on May 18, 2023. Ross Stores (ROST) Ross Stores share dipped in the post market after the low-priced retailer said it still sees comp sales growth for the current quarter to stay “relatively flat.” “There remains a high level of uncertainty in […]
– 1Q23 Gross Margin Improves 320 Basis Points Year-over-Year– Cash and Cash Equivalents Rises 125% Year-over-Year to $15.4 Million EAST WINDSOR, N.J., May 19, 2023 /PRNewswire/ — Greenland Technologies Holding Corporation (NASDAQ: GTEC) (“Greenland” or the “Company”), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material […]