The stock market is a discounting mechanism: It is a way of trying to figure out what a future stream of cash flow — or earnings — is worth today.
SpaceX denounces Justice Department’s subpoena in hiring practices investigation as ‚government overreach‘
SpaceX denounced the Department of Justice’s subpoena for corporate hiring records, saying the inquiry „is the very definition of government overreach.“
Morgan Stanley raises GE target to $17, a high among Wall Street banks
Last month, CEO Larry Culp told an audience at an event hosted by Barclays that the company expects to burn cash in the first quarter of 2021.
Heavily shorted Tanger Outlet stock pops 20% in sudden move, then pulls back
The retail stock may be the latest attempted short squeeze by traders in 2021.
London stock exchange boss sounds the alarm on SPAC ‚froth‘
Excess in U.S. SPACs „could end poorly“ for investors, the CEO of London’s stock exchange told reporters Friday.
Stocks making the biggest moves in the premarket: IMAX, CoreLogic, CoStar Group & more
The stocks making the biggest moves in premarket trading include IMAX, CoreLogic, CoStar Group, and more.
‘Fintech is coming into the mainstream from this pandemic,’ J.P. Morgan’s Joyce Chang says
Joyce Chang, J.P. Morgan’s chair of global research, sees a battle for digital supremacy on Wall Street.
Too much stimulus in the U.S. may bring ‚imported inflation‘ to China, economists warn
In China, economists are wary of risks to growth as the country tries to recover fully from the shock of the pandemic.
China sets 2021 GDP growth target of more than 6% as premier warns of ‚formidable tasks‘ in finance
Chinese Premier Li Keqiang said the nation aimed for an urban unemployment rate of around 5.5% and targeted the creation of more than 11 million new urban jobs.
Gap forecasts return to sales growth in 2021, sending shares higher despite sales miss
Gap Inc. is calling for a bounce back to sales growth in 2021, hopeful that customers will soon return to its stores and spend more money on apparel.