West Texas Intermediate crude futures, the US benchmark, settled at $72.56 a barrel. Both are down over the past month. The read-through to airline stocks? In the event of further escalation of the conflict in the Middle East, higher oil prices could push up the p...
But analysts are skeptical that more entrenched factors driving up oil prices are likely to ease. That will continue to push prices higher in the long run. “The US potentially releasing one million barrels of oil per day is unlikely to make up for the lost Russian supply, and should fail ...
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...
Wall Street seems to agree,bidding GE’s shares 7% higher in premarket trading. Read more here. 7:23 p.m. 20:57:25, October 30, 2019 Shares of Warren Buffett-backed carmaker plunges after 89% profit drop From CNN Business' Sherisse Pham and Michelle Toh ...
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 ...
US regulators orchestrated a $30 billion cash infusion intoFirst Republic Bank, a regional bank with a similar profile to the failed Silicon Valley Bank. That calmed nerves late Thursday. But First Republic’s stock was down another 14% Friday in premarket trading. Other regionals, including Wes...
New York CNN — Americans seeking relief from high borrowing rates might not have to wait much longer. US consumer prices fell in June for the first time since the early months of the pandemic. Fresh data Thursday revealed that consumer prices dropped 0.1% from May. On an annual basis,...
Shares of eBay (EBAY) soared more than 12% in premarket trading after activist hedge fund Elliott Management said it wants to break up the company. In a letter to shareholders, Elliot outlined a five-point plan to help boost eBay’s value including spinning off ticket reseller StubHub. It...
New York CNN — Nvidia’s eye-popping gains this year have helped propel the stock market to repeated record highs. But beneath the surface, the rally is looking uneven. The S&P 500 index has jumped nearly 15% so far in 2024, notching 31 new peaks along the way. Much of those retu...