U.S. stock index futures were mixed Wednesday morning, as escalating global growth concerns weighed on investor confidence. At around 02:35 a.m. ET, Dow futures slipped 30 points, indicating a negative open of more than 11 points. Futures on the S&P and Nasdaq were seen pointing in opposite directions. A rally in global stocks following a trade truce between the two world’s two
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Wall Street is in love with financial technology plays and Facebook is the newest entrant in the space to keep an eye on, CNBC’s Jim Cramer said Tuesday. “Ever since Facebook rolled out the concept of Libra in a really boring white paper, it’s become the big cap stock to beat in this market. On
Executives of Revolve celebrate their IPO at the NYSE June 7, 2019. Source: NYSE Check out the companies making headlines in midday trading: Revolve— E-commerce retailer Revolve surged 9% after the newly public company garnered two buy ratings on Wall Street on Tuesday. Guggenheim initiated coverage with a buy rating and a $50 price target,
A replica ‘Betsy Ross Flag’ is posted on the side of the Betsy Ross House in Philadelphia, Pennsylvania on August 27, 2016. Raymond Boyd | Getty Images Nike is pulling sneakers featuring an early American flag after former NFL football player Colin Kaepernick told the company it shouldn’t sell a shoe that he and others
Xilinx: “I say [sell, sell]. Own half of it, at least. Look, there’s conflicting reports about what the story with Huawei is. This company makes space station for China and therefore I think it may not be part of the amnesty, so I don’t want to get too out of control.” AeroVironment: “The bears have
House Speaker Nancy Pelosi (D-CA) speaking at her weekly press conference at the US Capitol in Washington, DC. Michael Brochstein | SOPA Images | LightRocket | Getty Images House Speaker Nancy Pelosi‘s latest draft of legislation allowing Medicare to negotiate lower drug prices would also apply those discounts to private health plans across the U.S.,
Chinese employees working on an energy-saving bulb production line in Suining, Sichuan province, China. STR | AFP | Getty Images China’s manufacturing activity shrank unexpectedly in June, coming in at its weakest level since January, according to a private survey. The Caixin/Markit factory Purchasing Managers’ Index for June was 49.4. Analysts polled by Reuters had
MoMo Productions | Getty Images When Laika Kayani started to lose her voice late one night last year, she picked up her iPhone and got connected to a doctor through a video-chat service called American Well. Kayani, who works at a health-tech company in San Francisco, used the app because her young son and husband
Bigandt Photography | Getty Images The Food and Drug Administration is investigating a potential link between certain brands of dog food, including Blue Buffalo, Merrick and Rachel Ray Nutrish, and an increased risk of heart disease in pets. The agency is looking into more than 500 cases of canine heart disease, identifying the brands of
Source: Marvel On Friday, Disney made one final push to make “Avengers: Endgame” the highest-grossing film of all time. Marvel Studios began showing a new theatrical release of the film with a special tribute, a deleted scene and a teaser for “Spider-Man: Far From Home” at the end of the credits. This additional content is