Finance

Federal Reserve Chairman Jerome Powell believes that the omicron variant of Covid-19 and a recent uptick in coronavirus cases pose a threat to the U.S. economy and muddle an already-uncertain inflation outlook. “The recent rise in COVID-19 cases and the emergence of the Omicron variant pose downside risks to employment and economic activity and increased
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Check out the companies making headlines before the bell: Pfizer (PFE) – The drug maker’s shares surged 9.4% in premarket trading after a study showed that its experimental Covid-19 antiviral pill reduced the risk of hospitalization and death by nearly 90%. Pfizer said it will ask regulators to approve the pill as soon as possible.
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Traders work the floor of the New York Stock Exchange. NYSE Stock futures edged lower Sunday night after finishing near the flat line Friday after investors shook off concerns about a much weaker-than-expected labor market report released on Friday. Dow Jones Industrial Average futures fell 71 points, or 0.21%. S&P 500 and Nasdaq 100 futures
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Visitors crowd around the Nvidia booth at the 2016 China Digital Entertainment Expo, known as ChinaJoy, in Shanghai. STR | AFP | Getty Images Check out the companies making headlines in midday trading. Didi Global — Shares of the Chinese ride-hailing giant climbed 2.3%, on pace for double-digit gains on the week amid a Bloomberg
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Stock futures held steady in overnight trading on Monday after a strong start to May as investors piled into shares that would benefit the most from an economic reopening. Futures on the Dow Jones Industrial Average were little changed. S&P 500 futures and Nasdaq 100 futures were flat as well. The move in futures followed
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Stock futures climbed in overnight trading on Monday following a strong session on Wall Street boosted by positive vaccine news. Futures on the Dow Jones Industrial Average gained 260 points. S&P 500 futures and Nasdaq 100 futures traded in mildly positive territory. The move higher in futures came after General Services Administration chief Emily Murphy
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The Ant Group Co. logo is displayed at the company’s headquarters in Hangzhou, China, on Monday, Sept. 28, 2020. Qilai Shen | Bloomberg | Getty Images GUANGZHOU, China — Ant Group will close its Hong Kong institutional book building process a day earlier than expected due to strong demand for its record initial public offering
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Stocks rose on Friday to end their best week in months as President Donald Trump signaled support for a bigger coronavirus aid package.  The Dow Jones Industrial Average closed 161.39 points higher, or 0.6%, at 28,586.90. The S&P 500 gained climbed 0.9% to 3,477.13. The Nasdaq Composite advanced 1.4% to close at 11,579.94. Microsoft and Salesforce led
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President Donald Trump addresses the U.S. public after being hospitalized at Walter Reed. October 3, 2020. The White House Stock futures rose early Monday as investors brace for another volatile week with President Donald Trump’s hospitalization adding more uncertainty to the market outlook ahead of Election Day.  Futures on the Dow Jones Industrial Average pointed
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Tesla vehicles are displayed in a Manhattan dealership on September 08, 2020 in New York City. Spencer Platt | Getty Images Check out the companies making headlines in midday trading: Bristol-Myers Squibb — Shares of the pharmaceutical company rose 1.2% after it announced positive interim results from a phase three trial of an immunotherapy drug
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An investor watches the electronic board at a stock exchange hall on November 26, 2018 in Nanjing, Jiangsu Province of China.  VCG via Getty Images BEIJING — Multiple publicly listed Chinese companies have disclosed odd instances of “accidental” stock sales in the last few weeks. For example, Shenzhen Changfang, a manufacturer of light-emitting diode (LED) products,
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Popular trading platform Robinhood is under investigation related to its disclosures around its practice of selling clients’ orders to high-frequency traders, the Wall Street Journal reported Wednesday. The Securities and Exchange Commission’s probe into the Silicon Valley start-up is at an advanced stage and could result in a fine of more than $10 million if the company
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Dow Jones Industrial Average rises 161 points Dow positive for 2020 The 30-stock average joined the S&P 500 and Nasdaq as it clawed its way back into positive territory for the year. “To some extent, this is psychologically positive for the market,” Randy Frederick, vice president of trading and derivatives at Charles Schwab. Those gains came after the
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Sales associates at one of Alibaba-owned InTime’s store display products for sale during a livestream. InTime | Alibaba BEIJING — More and more people in China are turning to jobs in the digital economy as the coronavirus pandemic accelerates a shift toward online commerce and livestreaming. The unemployment rate for cities held steady at 5.7% in July,
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