Morgan Stanley on market backside and tech shares, Nasdaq

Shares across the board rallied in July, with Nasdaq having recovered from previous falls. And Wall Street is debating whether the market has bottomed. Growth stocks like technology have generally tumbled this year due to currency tightening, recessions and other risks. And Morgan Stanley in an August 3 report warned that although the Nasdaq is … Read more

Eli Lilly, Cigna, Restaurant Manufacturers and extra

Take a look at some of the biggest drivers in the currency markets: Eli Lilly (LLY) – The drugmaker’s stock fell 3.6% in money markets after it missed estimates with quarterly results and slashed its full-year forecast. Lilly’s performance for the quarter was impacted by falling insulin prices and falling sales of its Covid-19 treatment. … Read more

US weekly jobless claims rise to 260,000 forward of nonfarm payrolls report

A rental sign is posted on the window of a Chipotle restaurant in New York, April 29, 2022. Shannon Stapleton | Reuters The total number of initial unemployment insurance claims was 260,000 last week, near the highest level since November amid a shift in the US labor market. Totals for the week ended July 30 … Read more

Eli Lilly, Cigna, Restaurant Manufacturers and extra

Take a look at some of the biggest drivers in the currency markets: Eli Lilly (LLY) – The drugmaker’s stock fell 3.6% in money markets after it missed estimates with quarterly results and slashed its full-year forecast. Lilly’s performance for the quarter was impacted by falling insulin prices and falling sales of its Covid-19 treatment. … Read more

Walmart lays off firm workers after forecast cuts

An exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey WATCH the press | Corbis News | beautiful pictures Walmart confirmed on Wednesday that it had begun laying off the company’s employees about a week after the company reduce its profit prospects and warned consumers have pulled back on … Read more

Fed’s James Bullard expresses confidence that financial system can obtain a ‘delicate touchdown’

James Bullard Olivia Michael | CNBC The Chairman of the Federal Reserve St. Louis James Bullard said on Tuesday that he still thinks the economy can avoid a recession, although he expects the central bank will need to keep raising interest rates to keep inflation under control. “I think inflation has turned hotter than I … Read more

Shopper debt hits $16 trillion as inflation fuels bank card spike

US household debt topped $16 trillion for the first time in the second quarter, the New York Federal Reserve said on Tuesday. Even as borrowing costs rose, the NY Fed said credit card balances grew by $46 billion last quarter. Over the past year, credit card debt has grown by $100 billion, or 13%, the … Read more

5 issues to know earlier than the inventory market opens on Tuesday

Here are the most important news items traders need to start their trading day: 1. Red Stock Futures Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, June 30, 2022. Brendan McDermid | Reuters US futures fell on Tuesday, as investors worry about rising geopolitical tensions between Beijing … Read more

PerkinElmer, Boeing, World Funds, Bumble and extra

Screens outside the Nasdaq MarketSite are pictured as dating app operator Bumble Inc. (BMBL) made its debut on the Nasdaq stock exchange during the company’s IPO in New York City, New York, U.S., February 11, 2021. Fresh Mike | Reuters Check out the companies that make headlines in Monday’s midday trading. Boeing The planemaker’s shares … Read more

Economist slams Fb over recession fact-check publish

A prominent economist has revealed that Facebook placed a fact-checking label on a post asserting that the US has entered a recession, giving it a “partially false” rating as President Biden continues to deny that the United States has entered a recession. drop a bad assessment of the economy. Dr. Phillip Magness, director of research … Read more