U.S. stock futures fluctuated on Tuesday morning ahead of a scheduled speaking appearance by Federal Reserve Chair Jerome Powell. In an interview with billionaire Carlyle Group co-founder David Rubenstein, Powell is expected to deliver his outlook on the ongoing inflation issue and the Federal Reserve's potential policy movements.
Futures on...
U.S. equity futures fell on Tuesday, thus retreating from record highs as investors expressed doubts over the longevity of the tech rally as well as the timing of the introduction of interest rate cuts by the Federal Reserve. Futures on the S&P 500 fell 0.3%, while those on the...
Johnson & Johnson stocks slid by 0.2% during afternoon trading on Wednesday after reports of its coronavirus vaccine candidate falling two months behind schedule.
While the pharmaceutical company had initially planned to have 12 million doses of its vaccine ready for distribution by the end of February, several delays have...
GameStop shares rallied by a colossal 92% at the time of Tuesday's close, resulting in a record price tag of $147.98 per share. The gaming merchandise retail chain now has a market cap of over $10 billion.
The beginning of this surge could be traced back to last week's clash...
Concerns over market inflation swept across the UK on Wednesday due to the release of new data showing a surge in prices across the nation. According to figures provided by the Office for National Statistics, UK inflation more than doubled in the last month to 1.5%; slightly higher than...
Chinese e-commerce giant Alibaba saw its stock (NYSE:BABA) take a significant drop this week after the company released its quarterly results. BABA lost 15.51 percent of its value in the past five days and has been trading around 105.80 at the moment.
According to the report, Alibaba's earnings per share...
Stocks closed lower on Tuesday as investors braced themselves for Federal Reserve Chairman Jerome Powell's testimony in Congress on Wednesday. In addition to the potential implications of Powell's address, investors remain concerned about China's flailing economic growth.
The S&P 500 slid 0.47% lower, while the Dow Jones Industrial Average declined...
Stocks of notable chipmakers Nvidia and Advanced Micro Devices (AMD) have plunged in recent weeks after reaching their all-time highs earlier this year. According to analysts from investment bank Piper Sandler, this offers a “tremendous opportunity” for investors to add chip stocks to their portfolios.
Piper Sandler analysts remain bullish...
Moderna Inc. (MRNA) shares seem to be taking an upward turn on the NASDAQ stock market index, following the company’s decision to commit to a timeline for the completion of its coronavirus vaccine. The biotechnology company also submitted an application to the United States Government for emergency use authorization.
This...
Electric vehicle charger manufacturer Blink Charging Co. has posted a 3,000% stock gain over the past eight months, making it one of the most in-demand stocks in the United States. Surprisingly, this climb comes after 11 successive years during which the company was unable to turn a profit. In...