Latest Market News
The Energy Information Administration on Wednesday reported that U.S. crude inventories rose by 1.1 million barrels for the week ended Sept. 16. That marked a third weekly rise in a row for crude supplies, based on EIA data. On average, analysts expected a climb of 2.1 million barrels, according to a poll conducted by S&P […]
Shares of Nike Inc. NKE, +0.46% edged up 0.2% in morning trading Wednesday, after slumping 4.5% the previous session to close at a near three-month low, but the drumbeat of downbeat analyst calls continued ahead of the sporting apparel and accessories giant’s first-quarter earnings report. Deutsche Bank analyst Gabriella Carbone reiterated the buy rating on […]
Shares of Walmart Inc. WMT, +2.34% rose 1.5% in morning trading Wednesday, after the discount retail behemoth said it plans to hire 40,000 employees for the holiday season. The new hires will include seasonal store employees, full-time permanent truck drivers and customer-care employees. The company said the average U.S. wage is more than $17 an […]
U.S. stocks opened higher Wednesday, as investors wait for the Federal Reserve to announce its decision on the size of its interest rate hike. The Dow Jones Industrial Average DJIA, +0.47% was up 0.5% soon after the opening bell, while the S&P 500 SPX, +0.52% rose 0.5% and the Nasdaq Composite COMP, +0.41% gained 0.4%, […]
A software startup backed by the venture capitalist Chamath Palihapitiya is launching a digital platform that allows companies such as mortgage lenders and home-improvement retailers to sell rooftop solar installations directly to consumers, the Wall Street Journal reported. Palihapitiya told the paper in an interview that the new law will accelerate deployment of rooftop solar […]
The crypto market continues falling. On Wednesday, the BTC is approaching $18,865. One of the most important things is an increase in the correlation between the S&P 500 index and the BTC – it’s 72% now, which is very close to the May high. What does it mean? It means that almost all risky assets […]