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Browsing Tag
July
Nasdaq set to end bear market, Dow to exit correction after July CPI data
The Nasdaq Composite was on track to exit a brutal bear market Wednesday, while the Dow Jones Industrial Average was set to end a market correction, as stocks rallied in the wake of a cooler July inflation reading.…
OPEC+’s July Production Survey Shows Another Big Miss
Despite raising its crude oil production in July by 500,000 barrels per day, the OPEC+ group was still well below its collective quota, pumping 2.75 million bpd below targeted output, an Argus survey found on Wednesday.OPEC+…
Stock futures nudge higher as investors brace for July inflation report
Elon Musk sells Tesla sharesMusk's plan to buy Twitter has worried policymakers around the world.Joe Skipper | ReutersElon Musk sold shares of Tesla worth roughly $6.88 billion — despite earlier this year saying he has "no further TSLA…
US: Small Business Confidence Records Modest Improvement in July
The NFIB’s small business optimism index rose 0.4 points to 89.9 in July. This was better than the consensus forecast, which expected the index to drop modestly from June’s level. Pulling back the lens, the index is down 9 points from…
Euronext’s FX volume takes yet another step back in July
Pan-European exchange, Euronext has reported a 7.6 percent drop in the average daily volume on its spot foreign exchange market. The ADV figure stood at $21.4 billion in July 2022, which is down from June’s $23.1 billion. Taking a…
Stocks fall after strong July jobs report points to more Fed action
Stocks fell Friday in a volatile trading session after the July jobs report was much better than expected, as investors assessed what a strong labor market would mean for the Federal Reserve's rate tightening campaign.The Dow Jones…
Is Biden Right About a Recession? The July Jobs Report Suggests Yes.
The strong jobs report was welcome news for President Biden, who has insisted in recent weeks that the United States is not in recession, even though it has suffered two consecutive quarters of economic contraction.But the report also…
Dow slips as Wall Street awaits July jobs report
Best trades on CNBC Thursday: Pros are watching Coinbase resurgence after BlackRock dealCoinbase surged on Thursday, attracting the attention of top markets pros. Coinbase shares gained 10% to close at $88.90, lifted by news that…
Stock futures are higher with all eyes on July jobs report
Asia markets shake off fears over military tensions around TaiwanMarkets in Asia-Pacific rose on Friday as investors shook off fears over China's military exercises near Taiwan, which follow U.S. House Speaker Nancy Pelosi's visit to the…