Economic news

The benchmark S&P 500 index closed 2021 with a remarkable gain of 29%, but Blackstone’s Byron Wien says the current year will not be nearly as good for the market. Wien expects a dull market Wien doesn’t expect a bear market this year but said it wouldn’t continue to…

According to Jim Cramer from CNBC, the sharp stock decline that happened on Friday, due to the concerns over whether there would be a new Covid variant, doesn’t mean you should start buying. On “Squawk on the Street,” a CNBC segment, Jim Cramer said: We’re going to…

Roblox Corp (NYSE: RBLX) shares jumped 30% after hours on Monday after the company posted robust fiscal Q3 results thanks to demand surge with the easing of COVID-19 restrictions. As a result, the video game company reported a loss of $74 million or $0.13 per share compared to…

Pfizer Inc. (NYSE: PFE) stock jumped 10% last week after the company announced results for its COVID-19 oral antiviral pill that indicated the tablet was 89% in reducing cases of hospitalization and death. Following the news, US stocks soared on Friday, and the three Wall Street indices jumped 0.5%.

The US unemployment claims report is expected this week, cotton price continues to rise, children are getting COVID-19 vaccine, and equities show mixed sentiment. Jobless claims reaching fresh pandemic-era low The Labor Department is expected to release the jobless claims report on November 4, 2021. The claims are expected…

Russell 2000 hits all time high at 2363.55 points, with Ethereum being the highest gainer in the crypto market. BBBY rockets high after partnering with Kroger, and Chegg plummets by 45% after releasing financial results. Bed Bath & Beyond rockets 50% The American merchandise retail store Bed Bath & Beyond…

US Biopharma and transport stocks surge over the last trading session, Coke invests in the sports drinks sector, andNextech announce a private placement. Tesla Inc. (NASDAQ: TSLA) jumped 4% on Monday, extending its gains from last month. The electric car maker saw its stock gain 50% in October, pushing…

The U.S. economy added far less jobs in September than expected, the United States Bureau of Labour Statistics said in its employment report this morning. According to the Labour Department, U.S. employers added 194,000 jobs last month versus a sharply higher 500,000 expected – an indication that the effects of…

According to the Wall Street Journal, Chinese authorities have informed local authorities to prepare for the possible demise of beleaguered Chinese property Developer Evergrande (HKG: 03333). Beijing getting ready for the potential collapse of Evergrande The WSJ report indicated that local officials described the Chinese government’s signals as…

CNBC’s Jim Cramer comes up with a list of 12 problems he believes when solved, could help the stock market tide over the recent slump it is experiencing. His piece of advice comes on Wednesday when all three stock indexes in the U.S. are in the red for September.

According to reports in the media, Bill Ackman’s SPAC, Pershing Square Tontine Holdings (NYSE: PSTH) is sued. Individuals fighting this matter to the court of the law claim that directors were awarded massive compensation for having the company’s unique status revoked. However, in this backdrop, a spokesperson at…

The major Wall Street indices climbed to record levels last week as companies continued to report positive earnings. These are the dog days of August, and low volume and directionless volatility are the order of the moment with Q2 2021 earnings season mostly behind us, said Travis McCourt of…

Congress is expected to adopt a $1 trillion bipartisan infrastructure proposal on Tuesday, a significant step forward for Democrats as they strive to push through President Joe Biden’s broad economic agenda. The bipartisan bill includes $550 billion for transportation, utilities, and internet With Democratic and Republican support, the bill,…

PNC Financial (NYSE: PNC) Chief Investment Officer Amanda Agati has predicted a downfall to the retail stock trading frenzy once stimulus packages stop. She said that when the government starts doing away with stimulus policies meant to cushion Americans against the impact of the pandemic, retail investors will be…

On Monday, in a recent interview on CNBC’s “Trading Nation,” Chad Morganlander and Ari Wald said that the stocks in the energy and the travel sector did not perform that well due to the spike in the delta variant of the coronavirus. According to them, some of the stocks…

Wall Street forecaster Jim Bianco is recommending investors hold a cautious stance amid inflationary concerns but the coronavirus’s Delta strain represents an incremental risk. According to Bianco, this emerging risk will make it challenging to choose market losers and winners into fall, he said on CNBC’s “Trading Nation”. Delta…

The tech sector cooled off on Tuesday but is still not far removed from their all-time highs which were recorded on Monday. Leading the charge in tech stocks is a combination of the mega-cap trillion dollar giant names along with some under the radar stocks, Ari Wald, head of technical…

A handful of tech behemoths are on deck to report their earnings, including, Apple Inc (NASDAQ: AAPL), Microsoft Corporation (NASDAQ: MSFT), Alphabet Inc Class A (NASDAQ: GOOGL), Facebook, Inc. Common Stock (NASDAQ: FB), Amazon.com, Inc. (NASDAQ: AMZN) and Tesla Inc (NASDAQ: TSLA). The four…

Boeing (NYSE: BA) is among the Dow stock that has underperformed this month, but early in the week, they sprung to life following a Baird analysts’ bullish call. The stock was up 2% on Wednesday, but it is still 7% down this month, remaining the second worst-performing Dow…

The U.S. economy appears to be in a comfortable position, at least based on the performance of big banks during the second quarter. Quarterly earnings from JPMorgan Chase & Co. (NYSE: JPM), Goldman Sachs (NYSE: GS), and the likes are proof of a strong economy, according to…

Morgan Stanley (NYSE: MS) has urged investors to be careful with Chinese stocks due to the country’s latest regulatory crackdown round on tech companies. In mid-January, the investment bank had cautioned Chinese internet stocks despite being bullish nine months before. The reason behind the caution was high valuations…

In conversation with CNBC’s Squawk Box, Gene Munster, Founder and Managing Partner of Loup Ventures, discusses if tech trade is under threat or pressure of any kind. This discussion takes place in the backdrop of President Joe Biden’s antitrust plan. President Biden, a couple of days back, signed an order.