Joe Manchin opposes SEC climate disclosure rule

Chairman Joe Manchin, DW.Va., conducts a Senate Energy and Natural Resources Committee hearing on domestic and international energy price trends, in Dirksen Building on Tuesday, November 16, 2021. tom williams | CQ-Roll Call, Inc. | Getty Images Sen. Joe Manchin said Monday that he is “deeply concerned” about the new climate disclosures proposed by the … Read more

Twitter shares soar more than 25% after Elon Musk takes 9% stake in social media company

Elon Musk speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas on February 10, 2022. jim watson | AFP | Getty Images Tesla CEO Elon Musk has taken a big stake in social media company Twitter, a regulatory filing released Monday showed. Musk owns 73,486,938 shares of Twitter, … Read more

Jamie Dimon says inflation, Ukraine war may dramatically increase risks for US

Jamie Dimon, CEO of JPMorgan Chase speaks to the Economic Club of New York in New York, January 16, 2019. Carlos Allegri | Reuters Jamie Dimon, CEO and chairman of the biggest US bank by assets, pointed to a potentially unprecedented combination of risks facing the country in his annual shareholder letter. Three forces are … Read more

Treasury yields invert ahead of Fed minutes

US Treasury yields inverted on Monday morning, with investors remaining focused on Federal Reserve policy, ahead of the central bank’s latest meeting minutes due out later in the week. The yield on the 2-year Treasury yield was up less than basis point to 2.4384 at 4:25 am ET, while the benchmark 10-year Treasury note rose … Read more

Chinese tech stocks jump as Hong Kong leads gains among Asia-Pacific markets

SINGAPORE — Hong Kong’s Hang Seng index led gains among the major Asia-Pacific markets on Monday as Chinese tech stocks in the city jumped. In morning trade, the Hang Seng index gained about 1% as shares of Tencent surged 2.16%. Other Chinese tech stocks also rose, with Alibaba up 2.64% while NetEase soared 4.91%. Markets … Read more

Asia-Pacific stocks mixed; mainland China markets closed

SINGAPORE — Shares in Asia-Pacific struggled for direction on Monday, as investors continue to monitor the US Treasury yield curve. The Nikkei 225 in Japan slipped fractionally as shares of Tokyo Electron dropped around 2%. The Topix index climbed about 0.1%. South Korea’s Kospi dipped 0.49%. Elsewhere in Australia, the S&P/ASX 200 rose 0.43%. MSCI’s … Read more

Stock futures are flat after S&P 500 notches third straight week of gains

Traders on the floor of the NYSE, March 25, 2022. Source: NYSE US stock index futures were flat during overnight trading Sunday, after the S&P 500 posted a third straight week of gains. Futures contracts tied to the Dow Jones Industrial Average slide 14 points. S&P 500 futures were flat, while Nasdaq 100 futures declined … Read more

GameStop, Apple, BlackBerry and more

Check out the companies making headlines before the bell: GameStop (GME) – GameStop plans to seek shareholder approval to boost the number of shares outstanding in order to enable a stock split. The videogame retailer is proposing an increase to 1 billion shares from 300 million. The stock surged 16.6% in the premarket. Apple (AAPL) … Read more

Treasury yields invert stoking recession fears

5-year and 30-year US Treasury yields inverted once again on Friday morning, stoking fears that a recession could be in the cards. The yield on the 5-year Treasury bond had jumped 11 basis points to 2.5318% at 4:30 am ET, while the rate on the 30-year Treasury bond had jumped 6 basis points to 2.5144%. … Read more

GameStop shares soar more than 10% as company plans stock split

GameStop shares surged in extended trading Thursday after the company said it planned to implement a stock split. The video game retailer said it will seek stockholder approval at its next shareholder meeting for an increase in the number of Class A common stock from 300,000,000 to 1,000,000,000 to partly conduct a stock split in … Read more