Tag Archives: Hits

U.S. equity futures ticked lower in post-market trading Monday after a sell-off in the earlier session that saw the Dow Jones Industrial Average fall into correction territory and the Nasdaq enter a bear market. Investors continued to jettison stocks and stockpile safe-haven assets as concerns over the economic consequences of Russia’s war in Ukraine intensified. Futures tied to Wall Street’s main benchmarks dipped slightly heading into overnight trading. Contracts on the Dow, S&P 500 and… Source link

NEWARK, N.J.—Outraged by the invasion of Ukraine, lawmakers in New Jersey’s largest city lashed out at one of the closest symbols of Russia they could find—a pair of Lukoil gas stations. The Newark City Council voted unanimously Wednesday to ask the city’s business administrator to suspend the service stations’ operating licenses, citing Lukoil’s base in Moscow. In doing so, however, they may have predominantly been hurting Americans. The stations are franchises owned by locals, not… Source link

Home sales in the U.S. jumped in the first month of 2022, while the number of homes for sales hit a new record low. Existing home sales rose 6.7% to a seasonally adjusted 6.50 million million units in January from a month earlier, the highest rate in 12 months, according to the National Association of Realtors (NAR). The number of sales was down 2.3% from the same month a year ago. Home sales in December were revised down to 6.09 million from 6.18 million. The results far exceeded analysts’… Source link

Canadian inflation has an effect on the economy whether it’s interest rates, mortgage rates, gas prices or any other thing we require as a good or service. (Getty Images) Canadian inflation topped 5 per cent in January, for the first time since September 1991. Statistics Canada says the Consumer Price Index (CPI) rose 5.1 per cent year-over-year, higher than estimates of 4.8 per cent. It was 4.8 per cent in December. For the sake of comparison, the CPI increased 1 per cent in January 2021 on a… Source link

Yahoo has rolled out a restructure, leading to a number of layoffs of sales and partnerships roles. A Yahoo spokesperson called the moves “routine” decisions on team structure. The restructure is one of the first major moves made under new CEO Jim Lanzone and Yahoo’s new owners Apollo. A number of staffers have exited Yahoo in recent weeks as part of a business… Source link

Yandex (NASDAQ:YNDX)’s share price hit a new 52-week low during trading on Tuesday after Citigroup lowered their price target on the stock from $90.00 to $75.00. The company traded as low as $48.76 and last traded at $49.48, with a volume of 75828 shares. The stock had previously closed at $52.34. A number of other equities research analysts have also recently commented on the company. HSBC raised Yandex from a “hold” rating to a “buy” rating and raised their price target for the company… Source link

Inflation has become one of the top economic issues in the U.S., and the Biden administration is acting accordingly with various policy actions. U.S. consumer prices rose 0.5% in December and 7.0% on a year-over-year basis, according to the Bureau of Labor Statistics. It’s the fastest rate since 1982.  Two of the biggest drivers of price spikes over 2021 have been in food and energy which is likely the reason the White House has focused on both of those sectors both for inflation as well as… Source link

Block (SQ) shares hit 52-week lows on Wednesday, closing down more than 8%. The stock slid as part of a recent sell-off in growth names and risky assets amid concerns of Fed rate hikes.  The digital payment firm, formally known as Square, is down about 26% since announcing its corporate entity name change to Block, on Dec. 1 of last year.  The switch was seen as a nod to the company’s increasing focus on blockchain, the technology which underpins cryptocurrencies such as Bitcoin ( Source link

Apple (AAPL) officially has a market capitalization of $3 trillion. The tech giant passed the $182.86 mark Monday, making it the first publicly traded company in history to hit such a market valuation. Shares were bouncing above and below the number during the day. Apple’s rise to a $3 trillion market cap, which is based on its stock price, comes less than two years after its market cap hit $2 trillion. Microsoft (MSFT) is also potentially on its way to the $3 trillion mark after topping $2… Source link