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Japan’s Nikkei 225 rises 1% after data shows economy shrank less than expected in first quarter
SINGAPORE — Shares in Asia-Pacific rose on Wednesday morning as investors watch the market’s reaction to comments by U.S. Federal Reserve Chairman Jerome Powell on his determination to hike rates until inflation subsides . Japan’s Nikkei 225 gained about 1% as shares of conglomerate SoftBank Group jumped 2.77%. The Topix index was trading up 0.86%. […]
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JPMorgan investors issue Jamie Dimon a rare reprimand with disapproval of a $52.6 million bonus
JP Morgan Chase & Co. Chairman and CEO Jamie Dimon testifies before the House Financial Services Committee on the accountability of megabanks at the Rayburn House office building on Capitol Hill in Washington, DC, on April 10, 2019. Mandel Ngan | AFP | Getty Images JPMorgan Chase CEO Jamie Dimon received a rare rebuke on […]
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Powell says the Fed won’t hesitate to keep raising rates until inflation drops
U.S. Federal Reserve Chairman Jerome Powell testifies before the House Financial Services Committee on “The Semi-Annual Report on Monetary Policy to Congress,” in Washington, DC, March 3, 2022. Jonathan Ernest | AFP | Getty Images Federal Reserve Chairman Jerome Powell underscored his determination to bring inflation down, saying on Tuesday he would support interest rate […]
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California gas average tops $6 a gallon as U.S. prices rise
High gasoline prices at stations in Garden Grove, Calif., on Monday, March 7, 2022. Jeff Grischen | Medianews Group | Getty Images California’s state average for a gallon of gas has jumped above $6, making fuel in the most expensive Golden State in the US The average pump price in California hit a record high […]
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The stocks that move the most in the pre-market: Walmart, Home Depot, Citigroup and more
Take a look at some of the biggest pre-market movers: Walmart (WMT) – Walmart fell 7% in premarket trading after missing first-quarter earnings expectations. The retail giant earned $1.30 per share, 18 cents per share below estimates, as inflationary pressures offset the positive impact of better-than-expected sales. Home Depot (HD) – Home Depot added 2.7% […]
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Goldman Sachs offers senior executives a new perk: a ‘flexible vacation’ policy
David Solomon, CEO of Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, January 23, 2020. Adam Galacia | CNBC Goldman Sachs is offering its senior executives a new perk that’s more common in the tech industry: the ability to take as many vacations as they want. The investment bank told managing directors […]
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Stocks making the biggest moves in the pre-market: Spirit Airlines, Carvana, Warby Parker and more
Take a look at some of the biggest pre-market movers: Spirit Airlines (SAVE) – Spirit Airlines jumped 19.3% in premarket trading after JetBlue (JBLU) launched a $30-a-share takeover bid for its rival airline. Spirit had rejected a previous offer from JetBlue, preferring to keep a previously reached agreement to merge with Frontier Airlines’ parent company, […]
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Asia-Pacific stocks rise after volatile week as investors look to economic data from China
SINGAPORE — Stocks in the Asia-Pacific region rose on Monday as investors watched a slew of Chinese economic data. Japan’s Nikkei 225 gained 1.54%, while the Topix advanced 0.93% in early trading. The Kospi in South Korea rose 0.46% and the Kosdaq 1.43%. In Australia, the S&P/ASX 200 climbed 0.73%. MSCI’s broadest index of Asia-Pacific […]
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Stock futures rise ahead of big week of retail earnings
Traders on the floor of the NYSE, May 6, 2022. Source: NYSE Stock futures were higher on Sunday night after a week of steep losses that ended on a positive note, and ahead of a week of big profits for retailers. Futures tied to the Dow Jones Industrial Average rose 78 points, or 0.2%, while […]
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Stock futures fall slightly with the S&P 500 on the verge of a bear market
Stock futures fell Thursday night as investors braced for the S&P 500 to potentially slide into official bear market territory. Futures contracts linked to the Dow Jones Industrial Average lost 68 points, or 0.2%. S&P 500 futures lost 0.2% and Nasdaq-100 futures fell 0.3%. On Wednesday, the S&P 500 and Dow Jones bounced off their […]