Tag Archives: Stock

Stock futures opened slightly higher Monday evening, with traders awaiting key new data on the state of the consumer. Contracts on each of the S&P 500, Dow and Nasdaq traded slightly in the green.  Investors are set to receive monthly retail sales data from the Commerce Department Tuesday morning, which will help show how much momentum consumers had heading into the holiday shopping season. The print is expected to show retail sales rose by 1.5% in October compared to September, accelerating… Source link

(Bloomberg) — Elon Musk, the world’s wealthiest person, directed a series of insults at Bernie Sanders on Twitter after the U.S. senator repeated his call for billionaires to pay more in taxes. Most Read from Bloomberg Musk even raised the notion of selling more of his Tesla Inc. shares, which would require him to pay capital gains taxes. The 80-year-old Sanders, who unsuccessfully sought the Democratic Party presidential nomination in 2016 and 2020, on Saturday tweeted that “we must… Source link

Stock futures opened higher Thursday evening after a mixed session in the markets, with both earnings and inflation data remaining at the center of investor attention. Contracts on the S&P 500 edged higher. Earlier Thursday, the index rose for the first time in three sessions, buoyed by a jump in technology stocks that posted a rebound after a drop on Wednesday. The index was on track to end the week marginally lower after five straight weeks of gains, but still held just slightly below… Source link

If you’re worried about a stock market correction, Jim Cramer just mentioned 5 ‘borderline unstoppable’ megatrends for the rest of 2021 Thanks to stretched valuations and rising interest rates, many Wall Street strategists expect significant stock market corrections on the horizon. But CNBC’s Jim Cramer believes there are still plenty of buying opportunities available — even over the very short term. The host of Mad Money explained that this is the time of year when institutional money… Source link

Stock futures drifted sideways Wednesday evening after a technology-led drop across the major equity indexes, with traders mulling signs that elevated inflation was still reverberating across the recovering economy.  As of market close Wednesday, the S&P 500 dropped for a back-to-back session, giving back more gains after eight consecutive sessions of advances to kick off November trading.  With no notable economic data due out on Thursday due to the Veterans Day holiday, investors have been… Source link

Stock futures opened slightly lower Tuesday evening to hold below record levels, with investors fixing their attention on a key inflation report due for release Wednesday morning.   Contracts on the S&P 500 ticked down, after the index closed out its first session of losses following eight straight days of gains. The Dow and Nasdaq had each also ended the session lower to pause after a record-setting run-up.  One of the most closely watched reports due for release Wednesday morning will be… Source link

A new Bank of America (BAC) Global Research report found a rising supply of Uber (UBER) drivers was the main driver of the company’s first profitable quarter. “We see Uber as the top Internet stock in our coverage universe for Urban reopening and improving labor conditions and think multiple expansion is possible on market share gains,” BofA analyst Justin Post wrote in the report released Monday. The report noted that a higher-than-expected mobility take rate, which measures how much… Source link

Stock futures opened flat to slightly lower Monday evening after yet another record-setting session on Wall Street.  Contracts on the S&P 500 ticked down. The blue-chip index closed out an eighth straight day of gains on Monday, or its longest winning streak since 2017, to notch a fresh record high and close above the 4,700 threshold for the first time ever. Both the Dow and Nasdaq Composite also eked out record-setting gains. Equity investors rode an extended wave of optimism over solid… Source link

Elon Musk owns 23% stake in Tesla. Photo: Patrick Pleul/AFP via Getty Images Tesla (TSLA) boss Elon Musk is set to sell 10% of his stock in the company, worth $21bn (£15.6bn) following a Twitter poll he ran at the weekend. “Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock,” he tweeted. “Do you support this?” 3.5 million twitter accounts voted 57.9% in favour of the move. Musk, who is the world’s richest man, launched the poll in… Source link

Kiyosaki: The U.S. stock market is headed for ‘giant crash’ followed by a new depression — here are the only 3 assets he likes as protection Expert predictions for a U.S. stock market correction are common these days. But thanks to high inflation rates, Rich Dad Poor Dad author Robert Kiyosaki is calling for something much worse. “Inflation rips off the poor. Inflation makes rich richer,” he tweeted last week. “Prepare: Giant crash then new depression.” It’s not the first time… Source link