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Asia-Pacific stocks climb;  Fed's Powell warns he can't guarantee 'soft landing'

Asia-Pacific stocks climb; Fed’s Powell warns he can’t guarantee ‘soft landing’

SINGAPORE — Shares in Asia-Pacific edged higher in Friday morning trade, continuing a rollercoaster week as investors remain cautious over inflation and the global economic outlook. The Nikkei 225 in Japan traded 1.05% higher, with shares of Japanese conglomerate SoftBank Group jumping more than 2% despite reporting Thursday a record loss at its Vision Fund …

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Stock futures fall slightly with S&P 500 teetering on edge of a bear market

Stock futures fall slightly with S&P 500 teetering on edge of a bear market

Stock futures dipped on Thursday evening as investors geared up for the S&P 500 to potentially slide into official bear market territory. Futures tied to the Dow Jones Industrial Average shed 39 points, or 0.1%. S&P 500 futures lost 0.1% and Nasdaq-100 futures fell marginally. On Wednesday, the S&P 500 and Dow bounced off their …

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Powell says he can't guarantee a 'soft landing' as the Fed looks to control inflation

Powell says he can’t guarantee a ‘soft landing’ as the Fed looks to control inflation

US Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington, DC, on May 4, 2022. jim watson | AFP | Getty Images Federal Reserve Chairman Jerome Powell warned Thursday that getting inflation under control could cause some economic pain but remains his top priority. Powell said he couldn’t promise a so-called soft …

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Robinhood shares pop more than 20% after Sam Bankman-Fried buys 7.6% stake

Robinhood shares pop more than 20% after Sam Bankman-Fried buys 7.6% stake

Sam Bankman-Fried, CEO of FTX US Derivatives, testifies during the House Agriculture Committee hearing titled Changing Market Roles: The FTX Proposal and Trends in New Clearinghouse Models, in Longworth Building on Thursday, May 12, 2022. tom williams | CQ-Roll Call, Inc. | Getty Images Sam Bankman-Fried, the CEO of crypto exchange FTX, has taken a …

Robinhood shares pop more than 20% after Sam Bankman-Fried buys 7.6% stake Read More »

GameStock jumps more than 20% in odd trading;  AMC shares also pop

GameStock jumps more than 20% in odd trading; AMC shares also pop

A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022. Brendan McDermid | Reuters Shares of two meme stocks surged on Thursday, adding an unexpected wrinkle for a stock market that has been dropping in choppy trading for more than a month. …

GameStock jumps more than 20% in odd trading; AMC shares also pop Read More »

Ford, General Motors, Tapestry and more

Ford, General Motors, Tapestry and more

Take a look at some of the biggest movers in the premarket: Ford (F), General Motors (GM) – Ford fell 2.8% in premarket trading while GM slid 3.4% after Wells Fargo double-downgraded both stocks to “underweight” from “overweight.” Wells Fargo said 2022 could represent a profit peak for legacy automakers, with the shift toward electric …

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Peloton, Novavax, Vroom and more

Peloton, Novavax, Vroom and more

Take a look at some of the biggest movers in the premarket: Peloton (PTON) – Peloton shares plunged 25.8% in the premarket after the fitness equipment maker reported a larger-than-expected quarterly loss and projected current-quarter revenue below estimates due to softening demand. Novavax (NVAX) – Novavax sank 23% in premarket trading after the vaccine maker …

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Palantir, Rivian, Uber and more

Palantir, Rivian, Uber and more

Take a look at some of the biggest movers in the premarket: Palantir Technologies (PLTR) – The data analytics software company’s shares plunged 15.1% in premarket trading after posting a mixed quarter. Palantir reported profit of 2 cents per share, compared to a 4 cents a share consensus estimate. Revenue was higher than expected, however, …

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Stock futures fall as Wall Street looks to stabilize after rollercoaster week

Stock futures fall as Wall Street looks to stabilize after rollercoaster week

Traders on the floor of the NYSE, May 6, 2022. Source: NYSE Stock futures fell on Sunday evening as traders looked for the market to find its footing after a dramatic week of trading. Futures tied to the Dow Jones Industrial Average dropped 124 points, or 0.4%. S&P 500 futures shed 0.6%, while those for …

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Job growth accelerated by 428,000 in April, more than expected as jobs picture stays strong

Job growth accelerated by 428,000 in April, more than expected as jobs picture stays strong

The US economy added slightly more jobs than expected in April amid an increasingly tight labor market and despite surging inflation and fears of a growth slowdown, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls grew by 428,000 for the month, a bit above the Dow Jones estimate of 400,000. The unemployment rate was …

Job growth accelerated by 428,000 in April, more than expected as jobs picture stays strong Read More »