Daily Trade

Summer may be long over, but HBO is all about awful vacations in October, reviving last year’s hit resort comedy “The White Lotus” and premiering a new season of the space-cruise comedy “Avenue 5.” Mike White’s hilariously scathing satire “The White Lotus” (Oct. 30), which just cleaned up at the Emmy Awards, returns for a
0 Comments
“This year, Santa may not deliver.” That was the humbug assessment from Citigroup’s global asset allocation team, who predicted Wall Street is unlikely to see a late-year bounce because 2022’s performance hasn’t been good enough thus far. “Given that a Fed pivot is for now out of the question, the focus for remaining bulls is
0 Comments
Google CEO Sundar Pichai reportedly grew agitated during a “heated” all-hands meeting in which an employee asked why the search engine was nickel-and-diming workers by taking away perks and benefits. Pichai, who has ratcheted up the pressure on Googlers to boost productivity, held court at a meeting in New York this week during which he
0 Comments
The crown prince of Saudi Arabia, Russian oligarch Roman Abramovich, and a top Ukrainian negotiator played key roles in months of talks that led to the release of more than 250 prisoners by Russia and Ukraine this week in a broader deal involving Turkey, according to U.S., Ukrainian and Saudi officials and others familiar with the negotiations. Context:
0 Comments
China’s retail sales and industrial output data for August were definitely encouraging. Retail sales grew 5.4% year-over-year (YOY) in August, while industrial production was up 4.2%. However, Chinese companies continue to be under pressure due to the disruption caused by the country’s “Zero Covid” policy, tensions between the U.S. and China, and a stricter regulatory
0 Comments
Nike Inc. is slated to report fiscal first-quarter results on Thursday after the bell, with Wall Street looking at an ever-expanding list of issues to work through with the athletic gear-maker. A stronger dollar, inflation, Nike’s NKE, -1.55% cultural relevance amid competition, the impact of China’s COVID-19 lockdowns and the state of Nike’s supply chain
0 Comments
From medieval comedy to futuristic thrills, Amazon’s Prime Video has got it all in October, including a full slate of freaky Halloween movies. Chloë Grace Moretz (“Kick-Ass,” “Let Me In”) and Gary Carr (“The Deuce”) star in the new sci-fi series “The Peripheral” (Oct. 21), based on the bestselling novel by William Gibson. Set in
0 Comments
Last year, the phenomenon of retail investors bidding up short-squeeze stocks or securities that featured intense bearish sentiment caught like wildfire. This year, circumstances changed dramatically. With the Federal Reserve set to raise the benchmark interest rate until inflation normalizes, the framework for highly risky ventures diminished. Still, short-squeeze stocks represent powerful forces in the
0 Comments
Stocks fell sharply after the Federal Reserve announced Wednesday that it was raising its benchmark rate by three-quarters of a percentage point as it battles inflation, with the S&P 500 continuing a slide described by Bespoke Investment Group as its third leg down.   “Where this bear market ultimately bottoms is anyone’s guess, and events outside
0 Comments
U.S. stock futures struggled for direction on Wednesday, ahead of another expected sharp rate rise by the Federal Reserve and after Russian President Vladimir Putin escalated his war against Ukraine. How are stock index futures trading S&P 500 futures ES00, +0.23% rose 5 points, or 0.1% to 3878 Dow Jones Industrial Average futures YM00, +0.27%
0 Comments
Beyond Meat Inc. late Tuesday said it suspended Chief Operating Officer Doug Ramsey, who was arrested over the weekend and charged after allegedly biting a man’s nose during an altercation in Arkansas. Jonathan Nelson, senior vice president of manufacturing operations, will oversee operational activities on an interim basis, Beyond Meat BYND, -6.04% said in a
0 Comments
Short-squeeze stocks are back on many investors’ radars as meme stock mania appears to be in full swing once again. The experts who thought the trend was over are in for a rude surprise. The prominent recent moves of stocks like Bed, Bath and Beyond (NASDAQ:BBBY) illustrate meme stocks are still a force. A short
0 Comments
Nikola Corp. CEO Mark Russell told a New York federal jury Monday that he had concerns about joining the electric-truck company because he believed its founder, Trevor Milton, “was prone to exaggeration in public statements.” Testifying in Milton’s securities-fraud trial, Russell said that before coming on board in 2019 as president of Nikola NKLA, -10.55%, he and Milton reached an agreement
0 Comments
After some challenging months in 2022, investors of California-headquartered workforce-management software company Asana (NYSE:ASAN) finally got some good news. For one thing, the company posted results indicating sizable big-client spending boosts. On top of that, a Meta Platforms (NASDAQ:META) co-founder (known as Facebook when he co-founded it) just took a large position in Asana. All in
0 Comments
Don’t miss these top money and investing features: Sign up here to get MarketWatch’s best mutual funds and ETF stories emailed to you weekly! INVESTING NEWS & TRENDS The stock market’s trend is relentlessly bearish Plus, a new recommendation is a ‘straddle purchase’ on the S&P 500. Read More There’s hardly any good news in the
0 Comments