Central bank official noted that the Fed is looking to tighten financial conditions, and part of that is the stock market
Schlagwort-Archiv: CNBC
Stocks making the biggest moves premarket: Kohl’s, BJ’s Wholesale, Spirit and more
These are the stocks posting the largest moves before the bell.
Stocks fall again on Thursday pushing the S&P 500 to the brink of a bear market
Stocks were under pressure Thursday, a day after Dow Jones Industrial Average experienced its biggest one-day drop since 2020.
Melvin Capital says it’s winding down funds and returning money to investors during market turmoil
Melvin Capital, the hedge fund crushed last year after betting against GameStop, said it will unwind its funds and return cash to investors.
Stocks making the biggest moves after hours: Cisco, Bath & Body Works, Synopsys
See which stocks are posting big moves after the bell.
Tencent profits plunge as Chinese tech giant grapples with Covid lockdowns, regulation
China’s Covid lockdowns have hurt advertiser sentiment, while Tencent’s ad business has also taken a knock from competition from rivals.
Kohl’s says final sale bids expected in coming weeks; retailer slashes full-year outlook after earnings miss
Kohl’s joins a growing list of major retailers that have seen logistics and staffing expenses eat into profits amid 40-year-high inflation.
Cisco stock plunges as company forecasts surprising revenue decline
Cisco has gone from growth to flat revenue, and now it’s calling for a decline as it sees costs mounting from the war between Russia and Ukraine.
Bath & Body Works shares fall as retailer cuts profit outlook due to inflation
Bath & Body Works cut its profit outlook for the year, in part due to expected increases in inflationary pressures.
Tough questions await SEC Chair Gensler as he seeks funding for his regulatory agenda
The head of the Securities and Exchange Commission will likely encounter questions from several House members who aren’t happy with his regulatory agenda.