Minerd Tweets His Observations on Fed’s Future Policy Scott Minerd, Global CIO of Guggenheim Partners, tweeted his observations from the Federal Open Market Committee (FOMC) meeting yesterday. As per Minerd, there are three dovish signals to be drawn, including a slowdown in ... Jul....
Bed Bath & Beyond Inc. shares BBBY, +34.25% soared 45% Monday with no apparent news driving the move, as the WallStreetBets crowd on Reddit again embraced the 'meme' stock. One individual on the Reddit forum, who goes by the name of "TheDude0007," said his inbox has been blowing up...
Stocks remained solidly higher early Monday, rising after the S&P 500 logged a third straight weekly gain as earnings season hits the home stretch and investors look ahead to a July consumer-price index reading later this week. The Dow Jones Industrial Average rose 254 points, or 0.8%, to 33,057...
Shares of Nvidia Corp. were tumbling 7% in premarket trading Monday after the semiconductor company disclosed that it expects to fall well short of revenue expectations for its latest quarter, largely due to gaming weakness. The company expects fiscal second-quarter revenue of $6.7 billion, up from $6.5 billion...
Pfizer Inc. PFE, -1.18% has reached an agreement to buy Global Blood Therapeutics Inc. in a deal valued at $5.4 billion, the Wall Street Journal reported, citing people familiar with the matter. The news comes after the Journal reported Friday that the two were in advanced talks. Pfizer...
By Michael Susin The U.K.'s Financial Reporting Council regulator said Monday that it has handed PricewaterhouseCoopers a fine over its accounting audit of BT Group PLC in fiscal 2017. The regulator said PwC has admitted breaches of requirements regarding athe ccounting adjustments between the current and prior years disclosed...
The Senate on Sunday approved Democrats’ big healthcare, climate and tax package after a marathon session, notching a victory for President Joe Biden’s party ahead of key midterm elections in November. By a vote of 51-50 — with Vice President Kamala Harris breaking the tie — senators OK’d...
Investors pulled 29 billion euros ($29.6 billion) from bond giant Pimco in the second quarter, its parent Allianz SE ALV, -1.57% said on Friday, highlighting nervousness in the fixed income sector as inflation rages and central banks hike interest rates. Revealing its results, the German insurance group said overall...
These Stocks Are the Biggest Pre-Market Movers on Wednesday Losers tool, we have compiled a list of Wednesday’s biggest pre-market stock movers, which is as follows: AMTD IDEA Group (NYSE: AMTD) tops the list with its stock trading 46.6% up in Wednesday's pre-market trading session......
The July jobs report on Friday showed the U.S. economy gained 528,000 jobs last month, with the unemployment rate falling to 3.5% from 3.6%. Economists polled by The Wall Street Journal had expected an addition of 258,000 jobs and unemployment staying at 3.6%. See: Jobs shocker — U.S. adds 528,000...