The S&P 500 rose on Tuesday for its first gain in four days, as oil prices continued to drop further below $100 and a reading of wholesale inflation came in lighter than expected. The gains came as traders continued to eye the latest with ceasefire negotiations in Ukraine and China […]
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Movie theater chain AMC just bought a stake in a tiny gold miner with a shaky financial history
Movie theater chain AMC Entertainment has agreed to purchase a major stake in a tiny gold and silver miner that has been on shaky financial ground, the companies announced Tuesday, It’s an unusual expansion for AMC, a one-time meme stock whose value has come back down to earth after surging […]
Russia could be about to default on its debt: Here’s what you need to know
Russian President Vladimir Putin attends a meeting with government members via a video link in Moscow, Russia March 10, 2022. Mikhail Klimentyev | Sputnik | Reuters Russia could be about to default on its foreign currency debts for the first time in decades, likely beginning a drawn out wrangling process […]
Forecasters sees growing chance of a recession as Fed hikes rates this year to fight inflation
US Federal Reserve Chairman, Jerome Powell, testifies before the House Financial Services Committee on “The Semiannual Monetary Policy Report to the Congress,” in Washington, DC, on March 3, 2022. Jonathan Ernst | AFP | Getty Images Forecasters have raised their outlooks for a recession and boosted their inflation outlook as […]
Dow gains 200 points as oil prices fall for a second day, inflation report comes in lighter than expected
Stocks edged into the green as oil prices continued to drop further below $100 and a reading of wholesale inflation came in lighter than expected. The gains were muted in volatile trading as traders continued to eye the latest with ceasefire negotiations in Ukraine and China Covid lockdowns that could […]
Movie theater chain AMC just bought a stake in a Nevada gold miner, sending the penny stock soaring
Adam Aron, AMC Entertainment president and CEO. David Orrell | CNBC Movie theater chain AMC Entertainment has agreed to purchase a major stake in a Nevada gold and silver miner, the companies announced Tuesday, an unusual expansion for the one-time meme stock. AMC will spend $27.9 million in cash for […]
Wholesale inflation climbed 0.8% in February, lower than estimate but still up 10% from last year
Another surge in energy prices pushed wholesale goods prices to their biggest one-month jump in record in February, according to Labor Department data released Tuesday. Final demand prices for goods jumped 2.4% for the month, the largest move ever in data going back to December 2009, the Bureau of Labor […]
S&P 500 futures are little changed in early volatile trading as oil prices slide further below $100
Stock futures were stable as oil prices continued to drop further below $100, boosting hopes energy prices won’t drag the U.S. economy into a recession. Futures were held back in volatile trading as traders continued to eye the latest with ceasefire negotiations in Ukraine and China Covid lockdowns that could […]
Stocks making the biggest moves in the premarket: Airlines, Coupa Software, GitLab and more
Take a look at some of the biggest movers in the premarket: Delta Air Lines (DAL), United Airlines (UAL), Southwest Airlines (LUV) – Delta rallied 3.7% in the premarket while United jumped 3.9% and Southwest added 2.9%. All three airlines raised their revenue outlooks, saying air travel is rebounding from […]
SoftBank’s Arm plans to cut up to 1,000 jobs after collapse of $40 billion Nvidia deal
SAM YEH | AFP | Getty Images LONDON — British chip designer Arm is planning to cut up to 1,000 jobs, or 15% of its workforce, just weeks after its $40 billion deal with Nvidia collapsed. Widely regarded as the jewel in the crown of the U.K. tech sector, Arm […]