Day: May 13, 2022
Stock-index futures ended mostly lower Thursday, but finished above session lows as investors continued to fret over inflation and the Federal Reserve’s response. The Dow Jones Industrial Average DJIA, -0.33% closed with a loss of around 104 points, or 0.3%, near 31,730, according to preliminary figures, after trading as low as 31,228.22. The S&P 500 […]
Shares in the popular online brokerage Robinhood have spiked over 30% in after hours trading following billionaire Sam Bankman-Fried acquiring a 7.6% stake in the company. 134 Total views 3 Total shares Sam Bankman-Fried, the billionaire founder and CEO of cryptocurrency exchange FTX has acquired a substantial 7.6% stake in the popular online brokerage, Robinhood. […]
Union Pacific Corp. UNP, +0.92% said late Thursday its board has voted to increase the railroad’s quarterly dividend by 10% to $1.30 a share. The dividend is payable on June 30 to shareholders of record May 31, the company said. Union Pacific has paid a dividend for 123 straight years, it said. “Union Pacific continues […]
Treasury yields continued to fall Thursday amid strong demand for U.S. government debt despite growing stagflation fears — suggesting investors in the $23 trillion government bond market are giving up on trying to forecast the long-term outlook. That’s the view of Deutsche Bank Securities research analyst Aleksandar Kocic. In a phone interview Thursday, Kocic said […]
