Editor’s note: This is an updated version of a story that originally aired on August 29, 2022. Shares and obligations are trading in bearish territory. And given the current circumstances, it’s fair to assume the markets will stay volatile for some time. Interest rate are growing rapidly in the United States and Europe amid government …
US stocks posted their longest streak of quarterly losses since the market collapsed in 2008, weighed down by central banks’ determination to tame inflation by raising interest rates. The blue-chip S&P 500 index fell 1.5% on Friday, bringing the loss in the quarter between June and September to 5.3%. The S&P has now fallen for …
US stocks record longest run of quarterly declines since 2008 crisis Read More »
The Disney+ website on a laptop in the Brooklyn borough of New York, U.S. on Monday, July 18, 2022. Gaby Jones | Bloomberg | Getty Images disney reached a deal with activist investor Dan Loeb’s Third Point, which includes the addition of former Meta executive Carolyn Everson to its board of directors, the the companies …
Disney reaches deal with Third Point, will add former Meta exec to its board Read More »
Find out what clicks on FoxBusiness.com Apple’s Vice President of Purchasing Tony Blevins reportedly quits company that makes iPhones, MacBooks and other consumer electronics after executive quits viral on TikTok for an offbeat comment. Tiktok star Daniel Mac, who has a series in which he asks owners of expensive cars what they do for a …
Apple’s VP of procurement exiting after off-color comment in viral TikTok video Read More »
New York CNN Business — Add Nike to the list of brands and stores discount on excess merchandise to empty it from the shelves. Nike (NKE) said Thursday that its inventory levels had climbed 65% in North America, its biggest market, and 44% overall in the last quarter compared to a year ago. After browsing …
Nike is going on sale, and its stock is plunging Read More »
The brand new Carnival Cruise Line ship Mardi Gras, docked in Port Canaveral, Florida on July 30, 2021. Joe Burbank | Orlando Sentinel | Tribune News Service | Getty Images Shares of Carnival fell below their pandemic lows on Friday after the cruise line released third-quarter results that showed higher costs associated with inflation, supply …
Carnival shares fall on ballooning costs, dragging cruise stocks lower Read More »
The Food and Drug Administration on Thursday approved a controversial new drug designed to slow the progression of Lou Gehrig’s disease, a victory for patients and advocates despite limited evidence that the drug is effective. The drug, from Amylyx Pharmaceuticals of Massachusetts, joins only a handful of medicine agency-approved for life-threatening neurodegenerative disease and its …
FDA approves controversial new drug designed to slow the progress of ALS Read More »
U.S. Federal Reserve board member Lael Brainard speaks after being nominated by U.S. President Joe Biden as Vice Chairman of the Federal Reserve, in the South Court Auditorium of the Eisenhower Executive Office Building at the White House in Washington, United States, November 22, 2021. Kevin Lamarque | Reuters Federal Reserve Vice Chairman Lael Brainard …
Fed Vice Chair Brainard warns against retreating from inflation fight prematurely Read More »
Dow Jones futures rose slightly on Friday morning, along with S&P 500 and Nasdaq futures, but trimming gains as Treasury yields fell. Nike (NKE) and Micron Technology (MU) earnings are front and center with the Fed’s favorite inflation gauge on deck. X The stock market sold hard on Thursday, wiping out Wednesday’s gains. The S&P …
LONDON — European markets rose on Friday, gaining some breathing room after a torrid week as the third quarter drew to a close. The pan-European Stoxx 600 added 1% in early trade, with oil and gas stocks climbing 2.2% to lead the gains as all sectors and major exchanges moved into positive territory. Global equities …
Stocks close out tough quarter on economic fears Read More »