Stock futures rise slightly as S&P 500 is poised for worst week since March 2020

Stock futures rose modestly on Thursday evening as Wall Street tries to find its footing after a brutal week of selling. Futures tied to the Dow Jones Industrial Average gained 65 points, or 0.2%. Those for the S&P 500 added 0.2%, while Nasdaq 100 futures climbed 0.3%. The moves come as investors are increasingly worried […]

Stock futures inch higher after Fed raises rates by most since 1994

U.S. stock index futures were modestly higher during overnight trading on Wednesday after the Federal Reserve implemented the largest interest rate hike since 1994. Futures contracts tied to the Dow Jones Industrial Average added 0.22%. S&P 500 futures were up 0.23%, while Nasdaq 100 futures advanced 0.29%. The major averages ended Wednesday’s session higher, with […]

Stock futures rise slightly as investors brace for a big Fed rate hike

Stock futures rose slightly in overnight trading Tuesday as investors anxiously awaited the Federal Reserve’s aggressive action to tame surging inflation. Futures on the Dow Jones Industrial Average gained 70 points. S&P 500 futures edged up 0.3% and Nasdaq 100 futures rose 0.4%. The S&P 500 suffered a five-day losing streak on Tuesday, dipping deeper […]

Fed’s inflation battle to worsen market turmoil: Canaccord’s Dwyer

Stocks may go into a deeper tailspin. Canaccord Genuity’s Tony Dwyer predicts 1980s-era interest rate hikes will exacerbate the turmoil and make a recession seem increasingly more likely. “Typically, I’ve been bullish over the years. But there’s a money availability problem,” the firm’s chief market strategist told CNBC’s “Fast Money” on Monday. “Ultimately, you have […]

Rice prices are rising amid rising food inflation, export bans

The spider web rice fields in Flores, Indonesia. The United Nations’ Food and Agriculture Organization Food Price Index shows international rice prices creeping up for the fifth straight month to reach a 12-month high, according to the latest May data published last week. Tanutkij Wangsittidej Food prices have been on the rise in the past […]

U.S. judge dismisses Cristiano Ronaldo rape lawsuit in Vegas

A Nevada woman has lost her bid in a U.S. court to force international soccer star Cristiano Ronaldo to pay millions of dollars more than the $375,000 in hush money she received after claiming he raped her in Las Vegas in 2009. U.S. District Judge Jennifer Dorsey in Las Vegas kicked the case out of […]

Union announces daytime work stoppage at congested Port of Oakland

In an aerial view, a container ship sits docked at the Port of Oakland on May 20, 2022 in Oakland, California. Justin Sullivan | Getty Images A crucial port workers union is shifting a planned work stoppage to daytime hours June 20 at the already-congested Port of Oakland in California, just days before the expiration […]

Stock futures rise slightly ahead of Friday’s key inflation report

Traders on the floor of the NYSE, June 8, 2022. Source: NYSE Stock futures moved slightly higher on Thursday evening ahead of a highly anticipated inflation report. Futures tied to the Dow Jones Industrial Average added 43 points, or a little over 0.1%. Those for the S&P 500 and Nasdaq 100 gained about 0.1% each. […]

U.S. House votes to raise age to buy an assault rifle to 21

The House on Wednesday passed a sweeping gun bill that would raise the minimum age to purchase an assault rifle in the U.S. from 18 to 21, even though the legislation doesn’t stand much of a chance in the Senate. The bill, called the Protecting Our Kids Act, would also bar the sale of large-capacity […]

Stock futures dip following two straight days of gains on Wall Street

Stock futures fell marginally in overnight trading Tuesday after two consecutive days of gains on Wall Street. Futures on the Dow Jones Industrial Average dipped 55 points. S&P 500 futures and Nasdaq 100 futures both declined just 0.2%. Investors shrugged off some signs of an economic slowdown ahead of a key inflation reading. The S&P […]