Dow jumps 600 points, S&P and Nasdaq roar higher as recession fears ease
In “Cavuto: Coast to Coast,” former St. Louis Federal Reserve Bank President and CEO James Bullard discusses whether central banks should worry about how markets will react to their decisions. U.S. stocks rose on Thursday as new jobless claims figures eased investor fears of an imminent economic downturn, providing some cheer to a turbulent week […]
New Boeing CEO says his focus is on restoring trust
Bank of America senior aerospace analyst Ron Epstein shared his thoughts on the current state of aerospace giant Boeing as the company names a new CEO. Boeing Co.’s new CEO, Kelly Ortberg, took over the helm of the struggling aerospace giant on Thursday and kicked off her first day on the job with a message […]
‘More To Worry About’: Billionaire Investor Says ‘Uncertainty’ From Harris Joining Race Led To Market Downturn
Billionaire investor Ken Fisher said on Wednesday that Vice President Kamala Harris abruptly entering the presidential race caused the market to dive because of the unpredictability it provoked. The Dow Jones Industrial Average closed down 2.6% Monday, while the S&P 500 plunged by 3% and the NASDAQ declined by 3.43% following a dismal Friday jobs […]
Delta hit with class-action lawsuit from passengers over refunds following CrowdStrike outage
Daniel Shay, VP of Options at Simpler Trading and Delta analyst, discusses the outlook for airline stocks and tech stocks following the IT outage. A group of passengers affected by Delta’s mass flight cancellations caused by last month’s Crowdstrike outage are suing the airline, claiming the airline has not provided refunds as requested. The class […]
Disney reports some softness in parks in third-quarter
“The Craman Countdown” panelists Bankim Chadha and Thomas Hayes provide an in-depth look at investing in cyclical stocks. Disney warned Wednesday that its theme park business is expecting weakness in the third quarter. Disney’s Experiences division, which includes theme parks, cruises and consumer products, generated revenue of about $8.39 billion and operating profit of $2.22 […]
US stock futures higher as Wall Street eyes second straight day of gains
“The Craman Countdown” panelists Jack Manley and Simeon Hyman discussed market sentiment and earnings as stocks took a big hit on recession fears on Monday. Stock futures rose Wednesday morning as Wall Street ended a three-day losing streak. Dow Jones Industrial Average futures rose more than 300 points, or 0.83%, while Nasdaq Composite and S&P […]
Market watcher Adam Kobeissi: Volatility ‘definitely here to stay’
Adam Kobeisi, editor-in-chief of the Kobeisi Letter, explains what happened in Monday’s big sell-off, whether the Federal Reserve’s emergency rate cut will make things worse, and what investors can expect now. Market watcher Adam Kobeisi said on Monday that volatility is likely to continue after the global financial crisis, and he thinks that’s a good […]
Major Solar Company Files For Bankruptcy After California Strips Subsidies
SunPower, a major rooftop solar company, filed for Chapter 11 bankruptcy on Monday, the company announced. SunPower filed for bankruptcy in Delaware after a string of corporate struggles, changes to California’s rooftop solar subsidy programs and high interest rates weighed down its business, according to Bloomberg News. Before it unraveled, SunPower was among the leading […]
Google antitrust ruling may pose $20 billion risk for Apple
FOX Business’ Lydia Hu reports on how Google may be held liable in the Varney & Co. case. A U.S. court ruling that Alphabet’s search giant is operating an illegal monopoly could threaten lucrative contracts with Apple and Google. Wall Street analysts said Tuesday that Google could end its agreement to make its search engine […]
Global Markets Recoup Some Of Their Losses After Monday’s Sell-Off
Japanese stocks surged Tuesday, recouping much of their record losses from the day prior, with the U.S. market also primed for a comeback. Tokyo’s Nikkei 225 rose 10.2% yesterday, clawing back much of its 12.4% loss from the day prior — its worst single-day retreat since the 1987 “Black Monday” crash, according to the Financial […]