Category: Markets

New York (CNN Business)What goes up must come down, and what goes bull must go bear. The conventional wisdom is that a bit of market madness is inevitable, cyclical and … Read More

The futures were lower again on Thursday, after yet another demoralizing day across Wall Street Wednesday in which all the major indexes were shredded, as were the transports and even … Read More

Recent moves within the market have beaten up the tech sector, and now investors are seeing these stocks trade at low multiples on both earnings and EBITDA. As a result, … Read More

Premarket trading Friday had all three major U.S. indexes trading in the green. Six of the 11 S&P sectors closed higher on Thursday, led by communications services (up 1.1%). The … Read More

New York (CNN Business)It’s been a brutal year for Robinhood. The twin plunges of stocks and bitcoin have crushed the online brokerage’s sales. The company also reported a loss and … Read More

Perhaps the thing most characteristic of the meme stock craze of 2021 was the large short positions in stocks like AMC, GameStop and BlackBerry. A focused assault by hordes of … Read More

Hong Kong (CNN Business)Saudi Aramco has overtaken Apple as the world’s most valuable company, underscoring the recent surge in oil prices that have boosted the energy giant this year. Aramco … Read More

New York (CNN Business)The bitcoin crash is hitting Coinbase really, really hard. The cryptocurrency brokerage reported a first-quarter loss late Tuesday and revenue that fell 27% from a year ago, … Read More

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of … Read More

Gold futures settled slightly lower on Wednesday even as the dollar stayed a bit sluggish ahead of the Federal Reserve’s policy announcement. The dollar index, which dropped to 103.19 in … Read More

Macquarie Group chief executive Shemara Wikramanayake says the economy should remain resilient despite the threat of rising interest rates and inflation, saying the trends of decarbonisation and digitisation would drive … Read More

New York (CNN Business)Spirit Airlines said it will stick with its deal to be purchased by Frontier Airlines, rejecting a more lucrative competing offer from JetBlue Airways. The airline said … Read More