The U.S. economy added back the most jobs since July 2021 in February, with job growth accelerating even in the already-tight labor market as new Omicron cases from earlier this year came down. The Labor Department released its February jobs report Friday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Non-farm payrolls: +678,000 vs. +423,000 expected and an upwardly revised +481,000 in January Unemployment rate: 3.8% vs. 3.9%… Source link
Read More »Stock futures rise ahead of jobs report
Stock futures opened higher Thursday evening as investors awaited a key update on the labor market’s recovery and continued to monitor for global economic fallout from Russia’s war in Ukraine. Contracts on the S&P 500 edged higher. The index fell 0.5% during the regular trading day as technology and growth stocks came under renewed pressure, and the Nasdaq Composite dropped nearly 1.6%. Treasury yields steadied after sliding earlier this week, and the benchmark 10-year yield hovered above… Source link
Read More »Stock futures rise as investors eye Russia’s war in Ukraine, await Powell
Stock futures opened higher Tuesday evening after sliding for a second straight session during the regular trading day, with jitters over Russia’s war in Ukraine and its implications for the global economy weighing on risk assets. Contracts on the S&P 500 recovered some earlier losses. Earlier, the blue-chip index slid 1.6%, extending Monday’s losses to kick off March trading on shaky footing. The Dow and Nasdaq each also fell sharply earlier, with risk assets reeling as investors… Source link
Read More »Beyond Meat, VMware Fell Premarket; Pearson, Etsy, Yandex Rise By Investing.com
© Reuters By Peter Nurse Investing.com — Stocks in focus in premarket trade on Friday, February 25th. Please refresh for updates. Beyond Meat (NASDAQ:) stock fell 10% after the posted disappointing numbers for the fourth quarter with revenue falling short of expectations and its net loss more than tripling. Tesla (NASDAQ:) stock rose 1.4% after Daiwa upgraded its stance on the electric car manufacturer to “outperform” from “neutral”, saying the rising gasoline prices… Source link
Read More »Purdue’s George Karlaftis has stunning rise
George Karlaftis bull-rushed the center on his first football snap. This was in middle school, so Karlaftis’ already-gargantuan 6-foot, 200-pound frame (by his coach’s estimate) careened past the offensive line into the backfield for an easy sack. Problem was, Karlaftis jumped offsides and the play didn’t count. The 13-year-old didn’t realize it. He was playing American football for the first time. The Athens, Greece, native had recently moved to West Lafayette, Indiana, following the… Source link
Read More »U.S. Futures Rise on Proposed Biden-Putin Summit: Markets Wrap
(Bloomberg) — U.S. equity futures rose and Asian stocks pared losses Monday as traders evaluated the possibility of a summit on Ukraine between President Joe Biden and his Russian counterpart Vladimir Putin. Most Read from Bloomberg Nasdaq 100, S&P 500 and European contracts erased falls to climb about 1%, while an Asia-Pacific equity index came off its lows but stayed in the red. Markets are being whipsawed by Russia’s troop buildup near Ukraine and efforts at diplomacy to bring both sides… Source link
Read More »Yandex (YNDX) Q4 Earnings Miss Estimates, Revenues Rise Y/Y
Yandex N.V. YNDX reported fourth-quarter 2021 adjusted earnings of 4 cents per share, missing the Zacks Consensus Estimate by 76.5%. Further, the bottom line declined 82.6% year over year. Revenues were $1.5 billion. In ruble terms, the figure stands at RUB 110.3 billion, which rose 54% on a year-over-year basis. The reported revenue figure includes the consolidated financial results of Yandex.Market. Strengthening momentum across the company’s online advertising drove top-line growth…. Source link
Read More »The rise of privacy focused startups
Paris (AFP) – Google once used the slogan “don’t be evil” to distinguish itself from its competitors, but now a growing number of pro-privacy startups are rallying to the mantra “don’t be Google”. They are taking on Google Analytics, a product used by more than half of the world’s websites to understand people’s browsing habits. “Google made a lot of good tools for a lot of people,” says Marko Saric, a Dane living in Belgium who set up Plausible… Source link
Read More »Stocks mixed as Russia-Ukraine conflict concerns rise
Stocks were mixed on Monday as investors eyed the escalating threat of Russian invasion in Ukraine alongside ongoing concerns over inflation and an aggressive move toward policy tightening by the Federal Reserve. The S&P 500 fluctuated between small gains and losses after last week’s roller-coaster sessions on Thursday and Friday. Treasury yields rose and the 10-year yield hovered back near 2%. Oil prices steadied after a recent run-up as Russia’s Foreign Minister Sergey Lavrov said he was… Source link
Read More »Stocks rise ahead of busy earnings, data week
Stock traded mixed Monday at the start of another busy week for corporate earnings and fresh economic data as investors continue to assess the Federal Reserve’s path forward for monetary policy. The S&P 500 rose was little changed after posting its best weekly gain of the year last week. The Dow also hugged the flat line, while the Nasdaq gained. After last week’s rollercoaster trading — with stocks sliding following Meta Platforms’ (FB) disappointing outlook, and then rebounding sharply… Source link
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