Markets

BUSINESS

Boeing Stock Surges On Report of 787 Dreamliner Order By United

Boeing  (BA) – Get Free Report shares lurched higher Friday following a report that suggested United Airlines  (UAL) – Get Free Report is close to making a deal for dozens of the planemaker’s trouble 787 Dreamliner. The Wall Street Journal reported that United could confirm the purchase as early as this month, noting the multi-billion dollar deal […]

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BUSINESS

South Korea inflation, U.S. jobs report, China Covid-zero

Singapore, New York ranked the most expensive cities to live in: EIU Singapore and New York have been ranked as the most expensive cities to live in this year, according to the Economist Intelligence Unit (EIU). EIU’s survey showed the average price of goods in 172 major cities globally rose 8.1% in local currency terms […]

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BUSINESS

S&P 500 futures fall slightly as investors await Friday’s U.S. jobs data

S&P 500 futures were slightly lower Thursday night as investors looked ahead to the November jobs report. Futures tied to the benchmark stock index dipped 0.15%. Dow Jones Industrial Average futures were lower by 0.15% and Nasdaq 100 futures fell 0.25%. Shares of tech companies were on the move in after-hours trading following quarterly results. […]

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BUSINESS

Stock futures slip after Wednesday’s rally

Stock futures slipped Thursday, a day after a sharp rally on Wall Street. Futures tied to the Dow Jones Industrial Average traded 48 points lower, or 0.1%. Nasdaq-100 futures fell 0.1%, while S&P-500 futures were near flat. Salesforce’s stock shed 7% in premarket trading on news that co-CEO Bret Taylor is stepping down. Snowflake shares […]

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BUSINESS

South Korea GDP, Caixin Manufacturing PMI, Japan Consumer Confidence

Japanese yen strengthens after Powell commentary on smaller hikes Temasek’s $245 million FTX loss ’caused reputational damage’ to Singapore, says deputy prime minister Singapore’s Deputy Prime Minister Lawrence Wong said the state sovereign wealth fund’s investment loss of $275 million in collapsed crypto exchange FTX is “disappointing and has caused reputational damage” to the city-state. But […]

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HEALTH

What increasing hope for Biogen Alzheimer’s drug means for Eli Lilly

Wall Street increasingly believes U.S. drug regulators will approve Biogen ‘s (BIIB) latest experimental Alzheimer’s treatment following the release of detailed late-stage clinical trial data. It’s a development that may carry positive implications for Eli Lilly (LLY) because the Club holding is investigating a similar drug targeting the disease. Lecanemab — jointly developed by Biogen […]

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BUSINESS

Wall Street’s bullish on 3 Club stocks Wednesday

Apple (AAPL), Constellation Brands (STZ) and Ford Motor (F) were subject to Wall Street research on Wednesday. Here’s the latest analyst commentary on these Club holdings, along with our view. Apple Analyst take: Baird lowered its estimate for iPhone manufacturing in Apple’s fiscal first quarter by 8 million units, citing persistent challenges at an assembly […]

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BUSINESS

Dow sheds more than 100 points as investors digest mixed economic signals, await Powell speech

The Dow Jones Industrial Average fell Wednesday as Wall Street waded through new economic data and awaited an afternoon speech on the economy from Federal Reserve Chair Jerome Powell. The 30-stock index lost 179 points, or 0.5%. The S&P 500 shed 0.2%, while the Nasdaq Composite added 0.2%. Investors were hit with conflicting economic reports […]

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BUSINESS

European Central Bank says bitcoin is on the ‘road to irrelevance’

The bitcoin logo displayed on a smartphone with euro banknotes in the backgrouund. Andrea Ronchini | NurPhoto via Getty Images The European Central Bank gave a strong critique of bitcoin on Wednesday, saying the cryptocurrency is on a “road to irrelevance.” In a blogpost titled “Bitcoin’s last stand,” ECB Director General Ulrich Bindseil and Analyst […]

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