A customer wearing a protective mask enters a Chipotle Mexican Grill Inc. restaurant in San Francisco, California. . David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill will open the doors to its first digital-only restaurant on Saturday. Unlike a traditional Chipotle location, it will not include a […]
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Stocks making the biggest moves premarket: Alibaba, Lyft, Aurora Cannabis, FuboTV, Tencent Music
Jack Ma, chairman of Alibaba Group Holding Ltd., speaking during a fireside interview at the Viva Technology conference in Paris, on May 16, 2019. Marlene Awaad/Bloomberg | Bloomberg | Getty Images Check out the companies making headlines before the bell: Alibaba (BABA) – Alibaba shares are under pressure, amid concerns […]
The Dow is set to jump 200 points as vaccine market rally stretches to a third day
U.S. equity futures rose on Wednesday with the Dow Jones Industrial average set to gain for a third day after news of an effective Pfizer Covid-19 vaccine earlier this week sparked hopes of a return to normal economic activity. Dow futures added 209 points, or 0.7%. The move implied an […]
Alibaba’s $56 billion Singles Day record overshadowed by 10% stock plunge as China proposes new regulation
GUANGZHOU, China — Alibaba set a new sales record for the annual Singles Day shopping event, a feat that was overshadowed by a near 10% stock plunge caused by proposed new Chinese antitrust regulation. Singles Day is typically a 24-hour shopping event in China that sees huge discounts across millions […]
Russia says its coronavirus vaccine is 92% effective, as battle to beat Western drugmakers heats up
A heath worker injects the ‘Gam-COVID-Vac’, also known as ‘Sputnik V’, Covid-19 vaccine, developed by the Gamaleya National Research Center for Epidemiology and Microbiology and the Russian Direct Investment Fund (RDIF), into a patients arm during a post-registration phase trial at the City Clinic #46 in Moscow, Russia, on Wednesday, […]
Dow futures rise 200 points amid market rotation out of growth
U.S. equity futures were mixed in early morning trading on Wednesday, amid this week’s rotation out of technology stocks into cyclical names. Dow futures added 208 points, while S&P 500 futures and Nasdaq 100 futures were in mildly positive territory. On Tuesday, the Dow Jones Industrial Average climbed 262 points. […]
China’s tech giants have lost more than $280 billion in market value as regulatory concerns mount
Jack Ma, CEO of Chinese e-commerce giant Alibaba, speaks during his visit at the Vivatech startups and innovation fair, in Paris on May 16, 2019. Philippe Lopez | AFP | Getty Images SINGAPORE — Shares of China’s top technology giants were battered on Wednesday as regulatory concerns continue to mount. […]
Fed’s Rosengren says next 6 months will be ‘pretty choppy’ despite vaccine news
A United States Postal Service (USPS) worker works in the rain in Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York, April 13, 2020. Andrew Kelly | Reuters LONDON — The next six months will remain turbulent as the global economy keeps grappling with the effects of […]
Dow futures rise amid market rotation out of growth
U.S. equity futures were higher in early morning trading on Wednesday, amid this week’s rotation out of technology stocks into cyclical names. Dow futures added 211 points. S&P 500 futures and Nasdaq 100 futures both traded in positive territory. On Tuesday, the Dow Jones Industrial Average climbed 262 points. Fueling […]
China’s tech giants have lost more than $250 billion in market value as regulatory concerns mount
Jack Ma, CEO of Chinese e-commerce giant Alibaba, speaks during his visit at the Vivatech startups and innovation fair, in Paris on May 16, 2019. Philippe Lopez | AFP | Getty Images SINGAPORE — Shares of China’s top technology giants were battered on Wednesday as regulatory concerns continue to mount. […]