Traders work on the floor at the New York Stock Exchange, August 13, 2019. Eduardo Munoz | Reuters Stock futures indicated little change for stocks on Wall Street on Thursday after first opening the overnight session lower. That follows the Dow Jones Industrial Average’s worst day of the year on Wednesday amid a recession signal
Finance
Chuck Robbins, CEO of Cisco Ashlee Espinal | CNBC Check out the companies making headlines after the bell: Cisco fell nearly 8% in after-hours trading after announcing better-than-expected fourth-quarter earnings and weaker-than-expected guidance. The enterprise technology company reported adjusted fourth-quarter earnings per share of 83 cents on revenue of $13.43 billion. Analysts had expected adjusted
The dreaded inverted yield-curve has arrived. It’s a key data point for investors who fear it means trouble ahead for the economy — and a possible end to this historic rally in the stock market. But if history is any indication, rate-obsessed stock investors might be in better shape than they think, and some analysts
Boxes sealed with Prime Day tape move along a conveyor ahead of shipping from an Amazon.com Inc. fulfilment center during the online retailer’s Prime Day sales promotion day in Koblenz, Germany, on Monday, July 15, 2019. Krisztian Bocsi | Bloomberg | Getty Images Amazon’s Prime Day and promotions by other retailers appear to have given
Julie Wainwright (C), CEO of The RealReal takes part in the company’s IPO at the Nasdaq MarketSite in New York, June 28, 2019. Lucas Jackson | Reuters Check out the companies making headlines after the bell: Shares of RealReal surged 12.7% in after-hours trading after announcing a smaller-than-expected second quarter loss as revenue surged. The
People pass a sign for JPMorgan Chase at it’s headquarters in Manhattan, New York City. Spencer Platt | Getty Images Wall Street banks may be catching a break as regulators rework a rule that restricts their ability to invest their own money, Bloomberg reported on Tuesday. Regulators are trying to make it easier for banks
Scott Olson | Getty Images As Wall Street economists up the odds for a recession in the coming year, the bond market is sending its own scary warning about an economic downturn. Various parts of the yield curve have been inverted, but the traditionally watched 2-year to 10-year spread looks set to invert any day
Investors are jumping into bonds like they’re a hot new commodity or even stock, but strategists warn the prices are getting rich as the yields shrink in the Treasury market. That apparently isn’t fazing some investors who are subscribing to the new view that bonds are investments that can only rise in value — like
Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange. Drew Angerer | Getty Images Recession risk is rising, according to Bank of America. Based on the most recent data, the bank’s global economist now sees a greater than 30% chance of a recession in the
One of Wall Street’s biggest bulls is bracing for more wild market swings. With the S&P 500 and Dow off 4% from their all-time highs, Wells Fargo Securities’ Christopher Harvey is worried fear over ultra-low U.S. rates and negative rates abroad could spark another deep sell-off. “If you have a loss of confidence with the