Markets

5 things to know before the stock market opens Wednesday, June 29

5 things to know before the stock market opens Wednesday, June 29

Here are the most important news items that investors need to start their trading day: 1. Stocks looking for stability Traders on the floor of the New York Stock Exchange, June 28, 2022. Source: NYSE Equities markets’ attempt to build on last week’s momentum has so far fizzled this week. Futures were little changed Wednesday …

5 things to know before the stock market opens Wednesday, June 29 Read More »

Fed's Mester backs 75 basis point hike in July if conditions remain the same

Fed’s Mester backs 75 basis point hike in July if conditions remain the same

Cleveland Fed President Loretta Mester takes part in a panel convened to speak about the health of the US economy in New York November 18, 2015. lucas jackson | Reuters Federal Reserve Bank of Cleveland President Loretta Mester said Wednesday that if economic conditions remain the same when the US central bank meets to decide …

Fed’s Mester backs 75 basis point hike in July if conditions remain the same Read More »

Europe's plans to replace Russian gas are deemed 'wildly optimistic' — and could hammer its economy

Europe’s plans to replace Russian gas are deemed ‘wildly optimistic’ — and could hammer its economy

A drilling rig at a gas processing facility, operated by Gazprom. Maxim Shemetov | Reuters The European Union’s best shot at replacing Russian gas imports this year is likely to miss the mark, analysts predict, exerting further pressure on the region’s economy. The EU plans to replace two-thirds of Russian gas imports by the end …

Europe’s plans to replace Russian gas are deemed ‘wildly optimistic’ — and could hammer its economy Read More »

China's economy didn't bounce back in the second quarter, survey finds

China’s economy didn’t bounce back in the second quarter, survey finds

China’s exports surged by 16.9% in May from a year ago, two times faster than analysts expected. Pictured here on June 15, 2022, are workers in Jiangsu province making stuffed toy bears for export. If Wei | Visual China Group | Getty Images BEIJING — Chinese businesses ranging from services to manufacturing reported a slowdown …

China’s economy didn’t bounce back in the second quarter, survey finds Read More »

CoinFlex issues new coin to raise funds after investor fails to pay debt

CoinFlex issues new coin to raise funds after investor fails to pay debt

A cryptocurrency price crash and the onset of a new so-called “crypto winter” has left many companies in the industry facing a liquidity crisis. Arthur Widak | Nurphoto | Getty Images Cryptocurrency exchange CoinFlex on Tuesday issued a new token to raise funds in a bid to restart withdrawals for its customers, after one client …

CoinFlex issues new coin to raise funds after investor fails to pay debt Read More »

Nike, Spirit Airlines and more

Nike, Spirit Airlines and more

Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike fell 2.4% in premarket trading despite reporting better-than-expected quarterly profit and revenue. The athletic apparel and footwear maker forecast current-quarter revenue below analysts’ estimates amid increased promotional activity and ongoing disruptions in its profitable Chia market. Spirit Airlines (SAVE) …

Nike, Spirit Airlines and more Read More »

Three Arrows Capital (3AC) faces deadline to repay loans or default

Three Arrows Capital (3AC) faces deadline to repay loans or default

Billions of dollars of value have been wiped off the cryptocurrency market in the last few weeks. Companies in the industry are feeling the pain. Lending and trading firms are facing a liquidity crisis and many firms have announced layoffs. Yu Chun Christopher Wong | S3studio | Getty Images Three Arrows Capital, a crypto-focused hedge …

Three Arrows Capital (3AC) faces deadline to repay loans or default Read More »