Breaking News: Markets

Stock futures fall as traders weigh another large rate hike from Federal Reserve

Brendan McDermid | Reuters US stock futures fell on Thursday morning following a volatile session in the major averages as traders weighed another large rate hike from the Federal Reserve. Dow Jones Industrial Average futures declined by 109 points, or 0.36%. S&P 500 and Nasdaq 100 futures fell 0.56% and 0.79%, respectively. During the regular …

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Fed hike, Bank of Japan, interest rates, currencies

British pound slides further to hover around 37-year low The British pound fell further in Asia’s morning trade, hitting $1.1217 — its lowest level since 1985. The currency has been losing ground against the US dollar this year as economic concerns rise. Analysts are split over whether the UK central bank will hike rates by …

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HB Fuller, KB Home, Lennar and more

Residential single family homes construction by KB Home Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, US June 3, 2021. Mike Blake | Reuters Check out the companies making headlines after hours. KB Home — Shares dipped 21% in extended trading after the homebuilder …

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Freyr Battery, Stitch Fix, General Mills, Trupanion and more

General Mills’ Cheerios for sale on a store shelf. Lisa Baertlein | Reuters Check out the companies making headlines in midday trading Wednesday. Freyr Battery — Shares of the electric vehicle battery maker shot up 17.1% after Morgan Stanley said the company’s price target was double where it is now. The bull estimate for the …

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Gundlach says the Fed should slow down rate hikes because it is pushing the economy into a recession

DoubleLine Capital CEO Jeffrey Gundlach said the Federal Reserve should ease the pace of rate hikes as the economy is on the brink of a recession. “The Fed should’ve done more earlier,” Gundlach said in an interview on CNBC’s “Closing Bell: Overtime.” “The monetary policy has lags that are long and variable. But we’ve been …

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General Mills, Stitch Fix, Beyond Meat and others

Check out the companies making headlines before the bell: General Mills (GIS) – General Mills shares gained 1.8% in the premarket after the food producer reported a better-than-expected quarterly profit and raised its full-year sales forecast. The company expects to benefit from higher prices and strong demand for cereal, snacks and pet food. related investing …

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Stock futures fall ahead of the Federal Reserve’s expected interest rate hike

Stock futures were slightly lower on Wednesday morning as traders look ahead to the upcoming interest rate hike announcement from the Federal Reserve. Dow Jones Industrial Average futures fell by 57 points, or 0.19%. S&P 500 and Nasdaq 100 futures climbed 0.21% and 0.22%, respectively. Stocks fell Tuesday on the first day of the Federal …

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European stocks open to close, news data and earnings

European stocks are expected to open higher on Monday, following a positive trend set at the end of last week and overnight in Asia-Pacific markets. Global markets are gearing up for the latest reading of US inflation, with the August data set to be released Tuesday. The report is one of the last pieces of …

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JPMorgan (JPM) fintech deal to acquire Renovite to battle Stripe and Block

The main entrance at JPMorgan’s headquarters in New York City. Erik McGregor | LightRocket | Getty Images JPMorgan Chase has agreed to acquire a payments startup called Renovite to fend off threats from fintech firms including Stripe and Block , CNBC has learned. The bank, a major player in the global payments arena, said that …

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Stock futures rise as Wall Street looks ahead to key inflation data

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, September 9, 2022. Brendan Mcdermid | Reuters Stock futures were higher Sunday night as Wall Street looks ahead to key inflation data to be released this week. Dow Jones Industrial Average futures rose 91 points, or 0.29%. S&P …

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