In this article DIDI Budrul Chukrut | LightRocket | Getty Images Didi shares soared as much as 14% in U.S. premarket trading Friday after the company announced plans to delist from the New York Stock Exchange and pursue a listing in Hong Kong instead. Shares of the Chinese ride-hailing giant have been hammered by regulatory
Finance
A trader works on the trading floor of the New York Stock Exchange in New York, Nov. 30, 2021. Michael Nagle | Xinhua News Agency | Getty Images Stock futures were lower in overnight trading Thursday ahead of the November jobs report as the market nears the end of a roller-coaster week driven by Covid
Mike Stocker/South Florida Sun Sentinel/Tribune News Service via Getty Images More than $87 billion in unemployment benefits funded by the federal government was likely siphoned from the system during the Covid-19 pandemic, much of it due to fraud, according to a U.S. Department of Labor report. Congress authorized many new programs in the pandemic’s early
In this article SNOW BA AAPL SIG FIVE OKTA Check out the companies making headlines in premarket trading. Snowflake — The cloud data company’s shares jumped more than 13% after the company reported quarterly results that beat revenue estimates. Snowflake also reported sales of $334 million during the third quarter, which exceeded the $306 million
U.S. stock index futures inched higher during overnight trading on Wednesday, after the CDC confirmed the first known case of the omicron variant in the U.S., sending stocks tumbling. Futures contracts tied to the Dow Jones Industrial Average gained 72 points. S&P 500 futures advanced 0.2%, while Nasdaq 100 futures added 0.25%. During regular trading
In this article HRB Jack Dorsey (L), CEO of Square and CEO of Twitter, live casts video while standing outside the New York Stock Exchange for the IPO of Square, in New York November 19, 2015. Lucas Jackson | Reuters Square is renaming itself Block as it focuses on technologies like blockchain and expands beyond
In this article CRM AMBA HPE BOX BIRD DASH Check out the companies making headlines in premarket trading. Salesforce — Shares of the software giant dropped more than 6% in premarket trading despite a better-than-expected third-quarter earnings report. The company’s fourth-quarter guidance missed analysts’ expectations. Salesforce also announced it promoted Bret Taylor to the role of co-CEO, alongside
The latest market setback may be a foreshock to a more serious downturn. The Leuthold Group’s Jim Paulsen predicts a 10% to 15% pullback will rattle investors next year due to high valuations and less accommodative Federal Reserve policies. “We are way overdue for a correction, and we’re going to get one,” the firm’s chief
In this article BOX CRM The Salesforce Tower, left, and the Salesforce West office building in San Francisco, California, U.S., on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Salesforce — Shares of the software giant dropped more than 6% in after
Bridgewater Associates’ Ray Dalio stood by his belief that cash is not the place to be despite the volatility in the markets triggered by the new omicron Covid variant. “Cash is not a safe investment, is not a safe place because it will be taxed by inflation,” the founder of the world’s biggest hedge fund
Stock futures climbed in overnight trading on Monday following a rebound on Wall Street as investors reassessed risks associated with the new omicron Covid variant. Futures on the Dow Jones Industrial Average gained 110 points. S&P 500 futures and Nasdaq 100 futures both rose 0.3%. The overnight action came after a broad-based comeback that saw
Federal Reserve Chairman Jerome Powell testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, U.S., September 28, 2021. Kevin Dietsch | Reuters Federal Reserve Chairman Jerome Powell believes that the omicron variant of Covid-19 and a recent uptick in coronavirus