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Dow jumps over 400 points as stocks rally after earnings from Meta and other big-tech names
U.S. stocks rose sharply on Thursday, with the S&P 500 on track for its biggest daily gain in over a month, as another batch of strong big-tech earnings reports helped boost the broader market while offsetting signs of slowing economic growth. How are stocks trading Stocks fell Wednesday, as worries about First Republic Bank FRC…
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10- and 30-year Treasury yields rise by most in more than a week, paring Tuesday’s steep decline
Treasury yields ended mostly higher on Wednesday, paring some of the steep declines seen in the prior session, as traders considered the Federal Reserve’s most likely next steps at its May 2-3 policy meeting. Meanwhile, Treasury’s $43 billion auction of 5-year notes was strong and produced a “good result,” even though the statistics were rather…
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Should you be worried about China and Taiwan in your emerging-markets fund?
I don’t want an emerging-markets index fund in my portfolio, and I don’t care who knows it. There’s nothing intrinsically wrong with investing in emerging markets. (A new research paper from the number crunchers at hedge-fund company AQR argue that they look like a great investment right now — more on that in a moment.)…
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Netflix loses over a million users in Spain after password-sharing crackdown
De ninguna manera. That’s Spanish for “no way,” which was the response of more than a million subscribers in Spain who dumped their Netflix accounts in the first three months of the year after the streaming giant cracked down on password sharing. That’s according to a new study from the marketing data and analytics company…
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MCD Stock Price | McDonald’s Corp. Stock Quote (U.S.: NYSE)
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Why the U.K. is blocking Microsoft’s deal for Activision and what comes next
A U.K. regulator made the surprising decision Wednesday to block Microsoft Corp.’s deal for Activision Blizzard Inc. in a further sign of resistance to the power of Big Tech. The U.K.’s Competition and Markets Authority announced Wednesday that it would prohibit the $69 billion deal as the merger could hurt competition in the nascent market for…
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Dow ends down 220 points as First Republic worries overshadow upbeat Big Tech earnings
U.S. stocks ended mostly lower on Wednesday as robust earnings from big tech companies boosted the Nasdaq Composite, but concerns about First Republic Bank weighed on the broader market after the San Francisco-based lender revealed an exodus of deposits in March in the aftermath of Silicon Valley Bank collapse. How stocks traded On Tuesday, the…
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First Republic stock slides further on questions about its future
First Republic Bank stock slid further early Wednesday after losing nearly half its value in the previous session as reports surfaced of efforts to backstop the S&P 500 index component to prevent further losses. First Republic fell 25% to $6.10 a share on heavy volume of 38 million shares. Meanwhile, PacWest Bancorp PACW was up…
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CMG Stock Price | Chipotle Mexican Grill Inc. Stock Quote (U.S.: NYSE)
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House aims to vote today on U.S. debt-ceiling bill after last-minute tweaks
The House of Representatives was aiming to vote Wednesday evening on a bill to raise the U.S. borrowing limit, a measure President Joe Biden has threatened to veto as a standoff with congressional Republicans continues. The GOP-run House voted 219-210 in favor of a procedural measure tied to their debt-limit bill on Wednesday afternoon, and…