Tag Archives: Markets

[unable to retrieve full-text content]3 things you may have missed in markets amid weak economic data  Yahoo Finance Source link

Moldova’s antitrust enforcer has launched its first probe into an online platform as it assesses if two taxi applications owned by Russian search engine Yandex have abused their dominance through exclusivity arrangements. … Source link

The Grinch might be a short-seller this Christmas season. Retail stocks were tanking across the board on Thursday, as a much worse-than-expected November retail sales report early Thursday, combined with Wednesday’s latest announcement from the Federal Reserve, had markets under heavy selling pressure. In early afternoon trading, shares of Macy’s (M) were off 3.9%, while shares of Target (TGT) and Abercrombie & Fitch (ANF) were down more than 4%, among other notable names underperforming in… Source link

U.S. stocks descended Thursday morning as Wall Street reeled from another sizable rate hike by Federal Reserve officials and assessed similar moves by central bank officials across the Atlantic. A disappointing reading on consumer spending also weighed on sentiment. The European Central Bank and the Bank of England followed the U.S. Fed in raising interest rates by 50 basis points Thursday morning. The BoE’s hike brought rates in the country to their highest since 2008. The S&P 500 (^GSPC)… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, December 13, 2022 Today’s newsletter is by Julie Hyman, anchor and correspondent at Yahoo Finance. Follow Julie on Twitter @juleshyman. Read this and more market news on the go with Yahoo Finance App. At this point, Americans and investors have gotten the message: inflation may be moderating, but it’s still high. Economists predict later… Source link

The Securities and Exchange Commission is sending a letter to U.S. public companies asking firms evaluate their disclosure obligations, including a “specific tailored disclosure,” about how recent crypto bankruptcies and broader financial distress across the digital asset market may have hit their business. The letter is intended to illustrate the type of comments the securities agency might send to public companies. “In meeting their disclosure obligations, companies should consider the… Source link

US-based instalment service Splitit has partnered with Google to add its Instalments-as-a-Service solution to the Google Store in the US, Canada, and Australia.   The white-label service enables customers to pay in instalments using their existing credit on their payment card at checkout. Through the agreement signed with Google and certain of its affiliates, the solution will be extended to the aforementioned markets in addition to Japan, for which Splitit signed an initial… Source link

The key to unlocking better performances for stocks and the IPO market in 2023 boils down to strong execution by the Federal Reserve on its policy actions, according to New York Stock Exchange President Lynn Martin. “I think the markets will continue to try to find their footing,” Martin said on Yahoo Finance Live (video above). “The one thing markets don’t like is to be surprised.” Martin, who is coming up on her one-year mark leading the iconic NYSE, explained the Fed has surprised investors… Source link

(Bloomberg) — US stock futures declined Monday and Treasury yields rose as a cautious tone from a Fed speaker tempered some of the ebullience that inflation may have peaked. Most Read from Bloomberg Contracts on the tech-heavy Nasdaq 100, typically more sensitive to interest rates, slipped 0.6% while those on the S&P 500 dropped 0.4%. Losses in New York premarket trading were concentrated in tech names, with Tesla Inc., chipmakers Nvidia Corp., Intel Corp. and Micron Technology Inc. shedding… Source link

Google today announced it’s expanding its user choice billing pilot, which allows Android app developers to use other payment systems besides Google’s own. The program will now become available to new markets, including the U.S., Brazil and South Africa, and Bumble will now join Spotify as one of the pilot testers. Google additionally announced Spotify will now begin rolling out its implementation of the program starting this week. The company had first announced its intention to… Source link