US Treasury yields rose Friday as investors digested the previous day’s data, which showed unemployment claims came in lower, below expectations. The yield on the 10-year Treasury bond was up 4 basis points at 8:30 a.m. ET to 2.926%, while the yield on the 30-year Treasury bond rose about 3 basis points to 3,1728%. Yields … Read more
A main street decorated with British Union Jack bunting in Penistone, UK. The End Fuel Poverty Coalition has warned that “a tsunami of fuel poverty will hit the country this winter”. Bloomberg | Bloomberg | Getty Images LONDON — Faced with rising energy bills, rising costs and rapidly declining consumer purchasing power, small businesses in … Read more
CNBC’s Jim Cramer advised investors on Thursday to accept that companies will most likely continue to struggle with planning for the future as they adapt to rapid, constantly changing changes in the economy. “You can’t really plan in an environment like that — you just have to guess,” said the host of “Mad Money.” “And … Read more
Ether has vastly outperformed bitcoin since both cryptocurrencies bottomed out in June 2022. Ether’s superior gains have come as investors anticipate a major upgrade to the ethereum blockchain dubbed “the merger”. Getty Images Since bottoming out in mid-June, ether has significantly outperformed bitcoin as investors anticipate a major upgrade to the ethereum blockchain. Bitcoin hit … Read more
Activist investor Ryan Cohen has exited his position in retailer Bed Bath & Beyond, according to a securities filing released Thursday afternoon. The filing shows that Cohen’s RC Ventures dumped its shares Tuesday and Wednesday at prices between $18.68 per share and $29.22 per share. The company also sold its call options. Cohen said in … Read more
A customer walks down an aisle of a BJ’s Wholesale Club Inc. store in Falls Church, Virginia, USA Bloomberg | Bloomberg | Getty Images Check out the companies making the biggest moves in the afternoon: Cisco Systems – Shares of the network equipment maker rose 5.8%. The company reported earnings that exceeded estimates after the … Read more
Initial jobless claims fell slightly last week, although they were consistent with a rise in layoffs that began in the spring, the Labor Department reported Thursday. In the week ending Aug. 13, the number of jobless claims was 250,000, down 2,000 from the previous week and below the 260,000 Dow Jones estimate. The four-week moving … Read more
Stock market futures were slightly higher on Thursday as investors tried to get back on their feet a day after the Dow Jones Industrial Average went through a five-day winning streak and a recent market rally appeared to be fading. Futures contracts linked to the Dow were up 23 points, or 0.07%. S&P 500 futures … Read more
Traders work on the floor of the New York Stock Exchange (NYSE), August 17, 2022. Brendan McDermid | Reuters Here are the key news items investors need to start their trading day: 1. Stocks seem to bounce back Stock futures rose Thursday morning as markets tried to shake off Wednesday’s declines. The down day also … Read more
CNBC’s Jim Cramer said the market could continue to stagnate after Wednesday’s slump and urged investors to cut some of their positions. “It could still go well. I don’t want to scare you. I just think stocks need a cooling off period after this prodigious run, and we’re definitely getting one,” he said. “And you … Read more