What’s happening: President Joe Biden isweighing a planto release around 1 million barrels per day for a number of months. The announcement could come as soon as Thursday, according to a person familiar with the deliberations. Brent crude futures, the global benchmark, dipped 6% in early tr...
Intel (INTC) shares sunk 8% in premarket trading after it slashed its full-year revenue forecast and issued a warning on its sales in China. Intel CEO Robert Swan said in an earnings call Thursday that “China headwinds have increased, leading to a more cautious IT spending environment.”...
Markets check before the bell From CNN Business' Ivana Kottasová Happy Monday! US stock futures are edging up. The Dow closed up 0.3% on Friday. The S&P 500 added 0.1% and the Nasdaq shed 0.3%. Here’s what investors are watching right now: Alphabet (GOOGL), the parent company...
Futures sink ahead of a busy day for tech, the Fed and the economy From CNN Business' David Goldman US stocks are poised to open lower, ahead of a busy day for the market. A dozen or so major companies are set to report earnings Wednesday, highlighted by Apple, Boeing, Tesla and...
AstraZeneca’s stock rose 3.6% in premarket trading. After months of investors saying that only a vaccine or an effective treatment solution for the virus would help the economic recovery along, it’s not surprising that the news of the plasma treatment is making waves. Futures for all ...
First Republic’s stock fell 28% in premarket trading. On Thursday, Fitch Ratings put Western Alliance bank on notice, saying its credit rating could fall if customers continued to pull money out of the bank. Shares of Western Alliance, a regional bank like SVB, fell...
US stocks tick higher in premarket trading From CNN's Nicole Goodkind The US futures market edged up slightly Sunday after President Joe Biden announced he would step down as the Democratic nominee in the 2024 presidential election. Futures tied to the S&P 500 added 0.2%, while Dow Jones ...
Markets check before the bell From CNN Business' Rishi Iyengar US stock futures are edging lower. As American markets reopen from a holiday weekend today, we’ll be watching how they react to two things: the IMF’s warning that the world economy is slowing, and China posting its slowest...
FedEx slides in premarket trading From CNN Business' Charles Riley Losing Amazon as a customer is weighing on FedEx’s bottom line. The delivery company posted a slight revenue decline and a 12% drop in operating income for the three months ending August 31 after the closing bell on Tuesda...
Urban Outfitters(URBN) shares fell nearly 11% in premarket trading after reporting weak holiday sales late Tuesday. Last year’s November and December total sales fell 8.4% compared to the year prior. Same-store sales slid 9%, but digital sales across all of its brands, including Anthropologie...