A group of over 150 millionaires are calling on the elite attendees of this year’s World Economic Forum in Davos, to tax them more.
Archiv für den Monat: Mai 2022
Stocks making the biggest moves in the premarket: Best Buy, Abercrombie & Fitch, Snap and more
The stocks making the biggest moves in premarket trading include Best Buy, Abercrombie & Fitch, Snap, and more.
Why China will likely recover more slowly from the latest Covid shock
China’s economy won’t be snapping back quickly from the latest Covid outbreak, many economists predict. Instead, they expect a slow recovery ahead.
Stocks fall Tuesday as Wall Street resumes sell-off, Snap drags tech lower
Stocks fell Tuesday as the markets struggled to sustain a comeback rally following weeks of losses.
Stocks making the biggest moves midday: JPMorgan Chase, Gap, VMWare & more
These are the stocks posting the largest moves in midday trading.
Abercrombie & Fitch shares fall over 25% after retailer posts loss, offers weak outlook
Abercrombie & Fitch slashed its sales outlook for fiscal 2022, anticipating that economic headwinds will remain at least through the end of the year.
Best Buy says softer demand is sticking around, but company isn’t planning for a recession
Best Buy’s revenue beat Wall Street’s revenue estimates for the fiscal first quarter.
Zoom pops 16% on first-quarter earnings beat and strong guidance
Zoom shares have lost about 85% of their value since peaking October 2020, and are down by more than half this year.
Snap plunges 30% after CEO warns company will miss revenue and earnings estimates, slow hiring
Snap will miss its own targets for revenue and adjusted earnings in the current quarter, CEO Evan Speigel warned on Monday in a note to employees.
ECB’s Holzmann: A 50 bps rate hike in July would be appropriate
A strict forward guidance no longer makes senseEnding the year with rates in positive territory is extremely importantWell, his view is certainly not what Villeroy depicted out earlier here. And from Lagarde’s demeanour earlier today, the base case remains for the ECB to move more gradually and stick with a 25 bps rate hike in July – at least for now.