Microsoft Corp. isn’t the only US company pointing to the dollar’s surge as a potential problem. A strong dollar has been a hot topic this week since the software giant MSFT and Salesforce Inc. CRM pointed to challenges the currency is causing for earnings. It’s been flagged in other industries too, including by Pfizer Inc., … Read more
Text size Delta Air Lines told investors that revenue would finally return to 2019 levels, amid strong travel demand. Brandon Bell/Getty Images The trend is your friend, or so they say. But right now, there is no trend you can trust. Consider the stock market this past holiday-shortened week. Through the first three days of … Read more
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures are lower after release of May jobs report Traders on the floor of the NYSE, May 27, 2022. Source: NYSE Stock futures were down Friday morning, as Wall Street digested the release of May’s better-than-expected … Read more
The Federal Reserve’s almost $9 trillion portfolio is about to be reduced starting on Wednesday, in a process intended to supplement rate hikes and buttress the central bank’s fight against inflation. While the precise impact of “quantitative tightening” in financial markets is still up for debate, analysts at the Wells Fargo Investment Institute and Capital … Read more
Text size Wall Street returns from the Memorial Day holiday. Angela Weiss/AFP via Getty Images Stocks were falling on Tuesday, as oil prices gained after Europe placed more restrictions on Russian oil. Dow Jones Industrial Average futures have retreated 218 points, or 0.7%, while S&P500 futures have declined 0.7%. Nasdaq Composite futures were down 0.4%. … Read more
Ggood morning. The Government has scrapped a contract with P&O Ferries, criticizing its ‘unacceptable behaviour’ in sacking almost 800 workers earlier this year. P&O’s contract with UK Border Force will end with immediate effect, the Home Office said. It comes just days after P&O was criticized for failing to return some of the possessions of … Read more
Text size Jeff Swensen/Getty Images Many Americans—including investors—may be looking forward to unwinding on Memorial Day. The federal holiday, which this year falls on Monday, May 30, comes after a bit of good news for US stock indexes. Tea Dow Jones Industrial Average on Friday snapped an eight-week losing streak—the index’s longest since 1932—when it … Read more