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Alibaba announces fourth quarter earnings

SINGAPORE — Shares in Asia-Pacific looked set for a higher Friday start, with investors monitoring shares of AlibabaAfter the Chinese tech giant reported better-than-expected fourth quarter earnings, Hong Kong was left with a feeling of relief. Futures showed a Japanese stock market with a better start. Chicago’s Nikkei futures contract was 26,960, while Osaka’s counterpart […]

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Stock futures dip slightly with S&P 500 on track for winning week

Traders at the NYSE floor, May 17, 2022. Source: NYSE Stock futures dipped in overnight trading as the S&P 500 attempted to snap a seven-week losing streak. The Dow Jones Industrial Average futures lost 60 points or 0.2%. S&P 500 futures eased 0.2% and Nasdaq 100 futures ticked down 0.1%. After the close of Thursday’s […]

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Twitter, Macy’s, Nvidia, Lululemon and more

Lululemon’s sign is displayed at Woodbury Commons Premium Outlets, Central Valley, New York on November 17, 2019, Corbis News – Getty Images| Corbis News | Getty Images These are the headline-grabbing companies that made news in trading on Thursday afternoon. Macy’s — Shares jumped 17.8% after the department store chain reported better-than-expected quarterly resultsThe company […]

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First-quarter GDP declined 1.5%, worse than thought; jobless claims climb

Sign that says “We are Hiring!” A sign reading “We’re Hiring!” is displayed at Los Angeles Starbucks. Mario Tama | Getty Images As a result, U.S. GDP fell more than expected to begin the year. The first-quarter GDP dropped at 1.5% per year, according to the second estimateFrom the Bureau of Economic Analysis. It was […]

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First-quarter GDP declined 1.5%, worse than thought; jobless claims edge lower

An ad for ‘We’re hiring! A sign reading “We’re Hiring!” is displayed at Los Angeles Starbucks. Mario Tama | Getty Images As a result, U.S. GDP fell more than expected to begin the year. According to the IMF, GDP fell 1.5% annually in the first quarter. the second estimateFrom the Bureau of Economic Analysis. It […]

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How Costco became a staple of Asian America

Durian at a Costco Wholesale location in Woodland Hills, California. April 24, 2022. Wendy Leung Wendy Leung hardly ever noticed durian in grocery shops rising up in Los Angeles, however the 45-year-old nonprofit employee discovered the fruit at her native Costco Wholesale in San Fernando Valley this April. Durian is utilized in Southeast Asian cuisines […]

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Thursday top Wall Street calls: Tesla, Lululemon, Apple, Amazon

The following are Thursday’s top Wall Street calls: Morgan Stanley reiterates Apple’s overweight status. Wednesday evening, Morgan Stanley wrote that the reports about iPhone 14 delays were exaggerated. According to our supply chain checks, delays don’t occur. Looking at previous flagship iPhone launches, we see that there is minimal impact on FY shipments and stock […]

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Macy’s, Twitter, Medtronic and more

See which companies are making the headlines even before the bell rings. Macy’s (M) – Macy’s surged 15% in the premarket after reporting better-than-expected profit and revenue for the first quarter and raising its full-year earnings forecast. Strong apparel demand and people returning to work, as well as other activities outside of home, helped boost […]

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Treasury yields fall following Fed minutes

On Thursday morning, U.S. Treasury yields dropped as investors digested minutes from the Federal Reserve’s latest meeting minutes. The benchmark yield 10-year Treasury noteThe index dropped 3 basis points to 2.7165% by 3:45 a.m. ET. ET. 30-year Treasury bondThe rate of change was 2 basis points lower at 2.9412%. Yields are inversely related to price […]

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U.S. Fed minutes point to more rate hikes ahead

CNBC Pro: Stock pickings and investment trends The U.S. Fed Minutes released Wednesday indicated that officials were ready to proceed with several 50-basis point rate increases. Federal Open Market Committee said that policy could need to shift from neutral territory into restrictive territory. Shares on Wall Street rose following the release of the Fed minutes, […]