Top House Republican Kevin McCarthy succeeded early Saturday in his push to become his chamber’s next speaker, claiming the job after first falling short in well over a dozen rounds Read more
Tag: Investing/Securities
Dow gains 700 points as stocks log biggest advance in 5 weeks
U.S. stocks logged their biggest daily advance in more than 5 weeks on Friday as investors reacted to data showing the labor market and wage growth finally starting to cool. Read more
Dow drops 300 points as strong jobs data suggests more aggressive Fed rate hikes
U.S. stocks finished lower on Thursday, with the Dow dropping more than 300 points, as strong jobs data and hawkish Fed commentary signaled more aggressive Federal Reserve interest-rate hikes to Read more
Silvergate lost more than $700 million selling assets to cover withdrawals during crypto selloff
The collapse of crypto exchange FTX sparked a run on Sivergate Capital Corp., forcing the bank to sell assets at a steep loss to cover some $8.1 billion in withdrawals. Read more
What does the stock market’s rocky 2023 start mean for the rest of the year?
The first trading days of January loom large on Wall Street as being able to foretell the U.S. stock market’s direction for the full year. What does that mean for Read more
‘Recession is what everyone is betting on’: 2023’s first trading day begins
In the first trading day of the new year, U.S. financial markets were bogged down by the almost universal view that a recession is approaching. A stocks rally fizzled out Read more
After a rough 2022, U.S. stock futures rise ahead of first trading week of 2023
U.S. stock-market futures sank Monday, ahead of the first trading day of 2023. Dow Jones Industrial Average futures YM00, -0.29% jumped more than 200 points out of the gate, but Read more
After a rough 2022, U.S. stock futures rise ahead of first trading week of 2023
U.S. stock-market futures rose Monday, suggesting gains ahead of the first trading day of 2023. Dow Jones Industrial Average futures YM00, +0.27% jumped more than 200 points out of the Read more
These 20 stocks were the biggest losers of 2022
This has been the year of reckoning for Big Tech stocks — even those of companies that have continued to grow sales by double digits. Below is a list of Read more