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At Close: May 06, 2024
Sellers again take charge on Wall Street, Dow Jones drops 230 points
09:51pm, Friday, 11'th Mar 2022 Big News Network
NEW YORK, New York - Sellers again took charge on Wall Street on Friday sending all the major indices lower. "After we saw a bounce in the middle of the week, there is still too much uncertainty out there," Matt Maley, chief market strategist at Miller Tabak told Reuters Friday. "The market has had a tough couple of Mondays so I think the short-term players want to take some chips off the table." The tech-l
Biden administration ups pressure on oil companies, Wall Street to ramp up domestic production
10:51pm, Thursday, 10'th Mar 2022 The Washington Times
The Biden administration is becoming more aggressive in prodding domestic fossil fuel producers to boost their output amid war overseas and a global energy shortage that has caused the price of gasoline to soar into record territory. President Biden has been hammered by Republicans for months for the steady rise …
Asia Stocks to Drop After U.S. CPI; Yields Climb: Markets Wrap - BNN Bloomberg
10:36pm, Thursday, 10'th Mar 2022 BNN Bloomberg
Asian equities look set to follow Wall Street lower as at the fastest inflation in 40 years drove bond yields higher and raised expectations for steeper interest-rate hikes.
S&P 500 and Nasdaq 100 Dip After Russia-Ukraine Talks Come Up Empty & US CPI Soars
10:30pm, Thursday, 10'th Mar 2022 DailyFX
U.S. stocks retreat on four-decade high U.S. inflation and rising geopolitical risks after Russia and Ukraine fail to make progress in high-level peace talks.
Ukraine jitters send Wall Street closing lower
10:22pm, Thursday, 10'th Mar 2022 The Straits Times
March 11, 2022 6:22 AM The benchmark Dow Jones Industrial Average closes 0.3 per cent lower at 33,174.07.
Wall Street returns to bearish ground and Dow Jones loses 0.34%
09:52pm, Thursday, 10'th Mar 2022 infobae
Wall Street returns to bearish ground and Dow Jones loses 0.34%
Volatility Traders Becoming Less Impressed by Big Market Swoons - BNN Bloomberg
09:33pm, Thursday, 10'th Mar 2022 BNN Bloomberg
(Bloomberg) -- What’s remarkable one day becomes commonplace when repeated often enough. It’s a sentiment settling into volatility markets with each lurch between euphoria and panic in the S&P 500.
ASX to drop, as Wall Street tumbles on highest annual inflation in 40 years
09:31pm, Thursday, 10'th Mar 2022 Australian Broadcasting Corporation
Australian shares are set to drop on Friday, after Wall Street fell on data showing yearly inflation hit 7.9 per cent. Commodity prices slid overnight.
Wall Street limits its losses thanks to the decline in oil
09:30pm, Thursday, 10'th Mar 2022 infobae
Wall Street limits its losses thanks to the decline in oil
U.S. inflation rate: 2022 rates hit 40-year high with no end in sight
09:28pm, Thursday, 10'th Mar 2022 Deseret
New York Stock Exchange specialist Stephen Naughton works at his post on the trading floor, Thursday, March 10, 2022. Back down went stocks on Wall Street Thursday as global markets keep swinging on uncertainty about where inflation, interest rates and the global economy are heading. Allie Joseph, New York Stock Exchange via AP Data collected before the economic fallout of Russia’s invasion of Ukraine began rippling across the globe finds U.S. inflation shot up to 7.9% in February, the highest in four decades and mostly driven by big cost increases for basic necessities. February inflation was even higher for consumers in the Mountain West states, which include Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah and Wyoming where the 12-month increase in prices hit a nation-leading 9.7%. The new data reflects an increase over the 7.5% average national inflation reported for January and the 9.0% for Mountain West states that month . Thursday’s Consumer Price Index report from the U.S.
Wall Street ends down as inflation hits 40-year high, inviting aggressive Fed tightening
09:25pm, Thursday, 10'th Mar 2022 Malay Mail
NEW YORK, March 11— Wall Street resumed its sell-off on Thursday, closing lower as inflation hit a four-decade high, cementing expectations that the US Federal Reserve would hike key interest rates at the conclusion of next week’s monetary…
Corporate spy reveals how he got secret info from big American companies
02:00pm, Wednesday, 09'th Mar 2022 New York Post
In his new book, "Ruse: Lying the American Dream from Hollywood to Wall Street," onetime actor Robert Kerbeck reveals the secrets of the corporate spy world.
First Mover Americas: Biden Issues Crypto Order; Inflation Expectations Hit Record High
01:56pm, Wednesday, 09'th Mar 2022 CoinDesk
Bitcoin was trading flat to negative even as the European stocks and the S&P 500 futures got a slight tailwind.
Investors nervously wait for Putin''s next move
01:39pm, Wednesday, 09'th Mar 2022 CNN
Oil prices are pulling back and stocks are jumping higher as investors take a beat to consider what Russian President Vladimir Putin might do next. But the mood on Wall Street remains anxious, with traders hooked on headlines from Ukraine.
Vera Bradley misses on revenue and profit, gives full-year guidance below expectations
01:31pm, Wednesday, 09'th Mar 2022 MarketWatch
Vera Bradley Inc. stock fell 4.3% in Wednesday premarket trading after it missed revenue and profit expectations and gave guidance below Street expectations. The jewelry and accessories company posted net income of $5.2 million, or 15 cents per share, down from $7.9 million, or 23 cents per share, last year. Adjusted EPS of 17 cents missed the FactSet consensus for 23 cents. Revenue of $149.6 million was up from $142.4 million and below the FactSet consensus for $155.4 million. The company faced a number of headwinds through the year and is taking pricing action. "In the fourth quarter, we began initiating strategic price increases across both of our brands to mitigate some of these inflationary and supply chain pressures, and we are continuing to implement price increases throughout 2022. In hindsight, we should have implemented price changes more quickly," said Chief Executive Rob Wallstrom in a statement. Vera Bradley''s lineup includes the namesake line and Pura Vida. For fiscal 2023, the company is guiding for consolidated net revenue of $555 million to $575 million and EPS of 57 cents to 67 cents.