Shares usually leap or dive more quickly than usual in the lead-up to an earnings announcement, as well as immediately after an earnings announcement. This could mean potential earning opportunities for investors. Volatility risk, however, is high in such trades as it is hard to tell how good or bad the earnings will be and how the market will react […]
Read morevideo Snapchat makes deep staffing cut to ‘weather’ the economic storm: Tech analyst Tech analyst Pete Pachal discusses Snapchat and its plan to lay off 20% of its workforce as they prepare to launch their ad-supported subscription tier on ‘Mornings with Maria.’ During an interview on "Mornings with Maria," Thursday, tech analyst Pete Pachal discussed social media platform Snapchat's controversial […]
Read more
New York (CNN Business)Tuesday’s market rally was brief. Stocks opened higher but quickly gave up their gains as the morning wore on. A more than 5% drop in oil prices, while welcome news to consumers, led to a big sell-off in energy stocks. The Dow tumbled about 375 points, or 1.2%, in midday trading. Shares of Chevron (CVX), a Dow […]
Read more
New York (CNN Business)Worries about the economy have suddenly put shares of pet supply retailers in Wall Street’s doghouse. Shares of online retailer Chewy (CHWY) are down more than 35% this year as investors wonder if surging inflation will take a bite out of sales and earnings. (We’ve got more pooch puns, by the way!) Chewy will report its earnings […]
Read more
TAOYUAN, Taiwan (Reuters) – The head of Taiwan’s main opposition party the Kuomintang (KMT) defended its “brave” outreach to Beijing on Sunday after a senior official visited China on a trip condemned by Taipei’s government and which upset even some party members.FILE PHOTO: Eric Chu speaks to members of the media after winning the chairmanship of Taiwan’s main opposition Kuomintang […]
Read more
Markets came crashing down to close out the week, with the Nasdaq’s 2% retreat leading the charge lower. The S&P 500 and Dow Jones industrials were down 1.8% and 1.5%, respectively, on last look. All this came as Federal Reserve Chair Jerome Powell proclaimed that interest rates will continue to rise until the “job is done.” Powell noted that July’s […]
Read more
Afghanistan authorities have shut down at least 16 cryptocurrency exchanges in Herat Province, according to a report by a local news outlet Ariana News. The move comes just a couple of months after Taliban-led Afghanistan banned crypto trading in the country. Afghanistan Accuses Crypto Exchanges of Scam and Fraud Afghanistan’s law enforcement officials have closed at least 16 cryptocurrency exchanges […]
Read morevideo Russia’s invasion of Ukraine weakening global economy: Special ops veteran U.S. Army special operations veteran Brett Velicovich reacts to Putin disrupting Ukrainian grain exports after Russian forces attacked the Port of Odesa on ‘Cavuto: Coast to Coast.’ Citigroup Inc. will begin shutting down consumer and local commercial banking operations in Russia. Citi had made public its plans to exit […]
Read more
The three major U.S. equity indexes closed sharply lower Monday. The Dow Jones industrials dropped 1.91%, the S&P 500 lost 2.14% and the Nasdaq tumbled by 2.55%. All 11 sectors ended the day with losses, led by communications services (2.9%), technology (2.8%) and consumer cyclicals (2.8%). The 10-year Treasury note popped above 3% for the first time in a month, […]
Read more