Tag Archives: fall

(Bloomberg) — U.S. stock-index futures fell and Treasuries climbed amid concern the economic recovery from the pandemic is faltering and investor nervousness in the run-up to the Federal Reserve’s Jackson Hole symposium in late August. September contracts on the S&P 500 Index declined 0.3% after the underlying gauge notched up another record high on Friday. Ten-year U.S. yields slid three basis points and the dollar rose. Chinese stocks gave up gains as the country’s retail sales and… Source link

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)    * Amazon falls as sales growth slows    * Pinterest sinks on saying U.S. user growth stalling    * U.S. consumer spending rises in June, inflation increases    * Indexes off: S&P 0.35%, Nasdaq 0.71%, Dow 0.08% (Updates to open)    By Sagarika Jaisinghani    July 30 (Reuters) – The Nasdaq and S&P 500 indexes fell on Friday following a glum quarterly earnings report from… Source link

(Bloomberg) — Global stocks fell with U.S. futures as investors dumped Chinese shares amid a regulatory overhaul in the country. Treasuries climbed. The Hang Seng Index slid 4.2% as speculation swirled that U.S. funds are offloading China and Hong Kong assets. While the losses were more muted in Europe and U.S. futures, the mood was pessimistic across markets. Tesla Inc. and General Electric Co. rose in premarket trading after their earnings beat forecasts. The rout in China is spooking… Source link

Mortgage rates fell for the 9th time in 13-weeks and for a fourth straight week in the week ending 22nd July Following a 2 basis points decline from the previous week, 30-year fixed rates decreased by 10 basis points to 2.78%. Since 21st April, 30-year mortgage rates had risen just once beyond the 3% mark before the current pullback. Compared to this time last year, 30-year fixed rates were down by 23 basis points. 30-year fixed rates were still down by 216 basis points since November 2018’s… Source link

(Corrects to remove reference to three stocks in fourth paragraph) * Social media stocks rally after strong results * AmEx jumps on blowout Q2 profit * Intel sales forecast implies rocky second half of 2021 * Indexes up: Dow 0.39%, S&P 0.44%, Nasdaq 0.26% By Devik Jain and Shreyashi Sanyal July 23 (Reuters) – Wall Street’s main indexes rose on Friday, helped by megacap technology stocks and strong earnings from social media companies, while a weak sales forecast from Intel hit chipmakers amid… Source link

Virgin Galactic Holdings (SPCE) is looking to sell up to $500 million worth of common stock. The company has engaged the services of Credit Suisse Securities (CS), Morgan Stanley (MS), and Goldman Sachs (GS) as part of a capital raising drive. The three will act as the company’s agents in the sale. SPCE stock price plunged 17.30% to close at $40.69 yesterday. The agents are entitled to commission at a mutually agreed rate that will not exceed 2% of the gross sales price. (See Virgin… Source link

Grubhub and Russia-based Yandex are teaming up to bring meal services to students through rovers. Photos courtesy of Grubhub/Yandex Students at more than 250 colleges and universities already enjoy the ease of Grubhub’s food delivery service, but it’s about to get a lot more streamlined. Grubhub announced it has partnered with Yandex… Source link

The price of the world’s biggest cryptocurrency declined again on Friday. Photo: Liu Junfeng/Costfoto/Sipa USA Bitcoin (BTC-USD) looked set to register a weekly price decline, as the world’s biggest cryptocurrency lost value yet again on Friday morning. Bitcoin was down 1.4% against the dollar in early trade to reach $33,067 (£24,042). The early weakness raised the prospect of a third straight day of price declines for bitcoin, which is now below the $34,294 mark it started the week at. Other… Source link

An antitrust suit against Facebook by the FTC and several states had the wind taken out of its sails today by a federal judge, who ruled that the plaintiffs don’t provide enough evidence that the company exerts monopoly control over social media. The court was more receptive, however, to revisiting the acquisitions of Instagram and WhatsApp, and the case was left open for regulators to take another shot at it. The court decision was in response to a Facebook motion to dismiss the suit. Judge… Source link

By Sohini Podder    (Reuters) -Shares of Sprinklr Inc, which counts Microsoft Corp and Verizon Communications Inc as customers, fell nearly 9% in their U.S. stock market debut on Wednesday, valuing the software startup at about $3.7 billion.    The New York-based company, backed by private equity firm Hellman & Friedman, raised $266 million in its downsized initial public offering on Tuesday. (https://bit.ly/3gVux0R)    Shares opened at $14.60, compared with Sprinklr’s IPO price of $16… Source link