(Kitco News) After a stellar first quarter, gold’s April trading started on a sour note as prices dropped $30 on the day amid rising yields. But analysts are keeping a close eye on the 2-year and the 10-year Treasury yields and what the inversion means for gold. The main event Friday […]
CNBC’s Jim Cramer on Friday advised investors to brace themselves against Wall Street’s negativity next week as concerns over a possible recession mount. “I do believe that our economy’s headed for a slowdown — that’s just what rate hikes do. But a slowdown doesn’t necessarily translate into a horrific, crash-landing recession. … There are many […]
As Covid restrictions eased, rebounds in the leisure and hospitality and business sectors helped to drive a strong March jobs report. The US economy added more than 400,000 jobs in the final month of the first quarter, the Labor Department said Friday. Leisure and hospitality, which includes hotels, restaurants and amusement parks, added a net […]
Your Hometown Deli in Paulsboro, NJ Google Earth Hometown International — that odd, publicly traded company with a market capitalization of more than $100 million despite owning just one small New Jersey deli — has announced plans to merge with Makamer, a private bioplastics start-up firm. The money-losing Your Hometown Deli in Paulsboro, NJ, which […]
SINGAPORE — Shares in Asia-Pacific fell in Friday trade following overnight losses on Wall Street as a private survey showed Chinese manufacturing activity shrank in March. Chinese tech stocks in Hong Kong saw sizable losses, with Alibaba falling 3.93% and Baidu plunging 6.01%. JD.com shed 3.25% while Meituan slipped 1.03%. The Hang Seng Tech index […]
At this point in the business cycle, every company wants to be seen as a secular growth stock, Jim Cramer told his Mad Money viewers Wednesday. That’s because with interest rates on the rise, no one wants to be seen as a cyclical stock. But investors need to approach these stocks with skepticism, because not […]
Vlad Tenev, CEO and co-founder Robinhood Markets, Inc., is displayed on a screen during his company’s IPO at the Nasdaq Market site in Times Square in New York City, US, July 29, 2021. Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Robinhood — Shares of the stock-trading app fell 5.8% […]
A flag outside the US Securities and Exchange Commission headquarters in Washington, DC, US, on Wednesday, Feb. 23, 2022. Al-Draco | Bloomberg | Getty Images The Securities and Exchange Commission on Wednesday debuted a host of new rules for SPACs that, if enacted, would mark one of the broadest attempts to date at cracking down […]
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks lower after logging a multiday winning streak Traders on the floor of the NYSE, March 29, 2022. Source: NYSE US stock futures pointed to a lower open Wednesday, one day after the Dow Jones […]
US equities futures dipped slightly on Wednesday after stocks extended their rally in the previous session, even as fears of an inverted yield curve sparked recession concerns and continued investors watching developments play out in Ukraine. Futures tied to the Dow Jones Industrial Average slipped by 57 points, or 0.2%. S&P 500 futures fell 0.2%, […]
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