Stock futures fell in overnight trading Thursday following a sharp reversal on Wall Street as investors continued to assess the risks stemming from Russia’s invasion of Ukraine. Futures on the Dow Jones Industrial Average dipped 120 points. S&P 500 futures fell 0.4% and Nasdaq 100 futures traded 0.5% lower. The market was initially spooked by
In this article WMT PG TSN TAP PEP STZ A customer shops at at a grocery store on February 10, 2022 in Miami, Florida. The Labor Department announced that consumer prices jumped 7.5% last month compared with 12 months earlier, the steepest year-over-year increase since February 1982. Joe Raedle | Getty Images Food and drink
In this article CRWD CrowdStrike CEO George Kurtz told CNBC on Thursday he’s been speaking with U.S. bank executives, and they’re worried about potentially being the target of Russian cyberattacks. Kurtz’s comments on “Mad Money” came after Russia invaded Ukraine, intensifying geopolitical tensions between Russia and the West. The U.S. and European nations on Thursday
Loading chart… Switch Inc.: “Data center, red hot. If you understand the company, [insiders who were buying the stock] probably feel like, ‘Let’s take matters into our own hands and buy the stock.’ I think it’s a very inexpensive stock. It’s the kind of stock that can work.” Loading chart… FS KKR Capital Corp.: “I
CNBC’s Jim Cramer offered reasons for Wall Street’s wild reversal Thursday, with the major U.S. stock indexes shaking off steep losses early in the session related to Russia’s invasion of Ukraine and finishing in the green. “We’ve had ages to figure out that Russia would invade Ukraine. Our government has been warning us about this
American Electric Power CEO Nick Akins told CNBC’s Jim Cramer on Thursday that the utility provider feels confident in its cybersecurity defenses. “There’s no question that we’ve been in a heightened sense of security around the resiliency, particularly cyber and physical security. This industry has been obviously working with our government partners for a long
In this article BYND Packages of Beyond Meat Inc.’s plant based meat products, Beyond Burger and Beyond Sausage, are displayed at a supermarket on November 19, 2020 in Katwijk, Netherlands Yuriko Nakao | Getty Images Beyond Meat on Thursday reported a wider-than-expected loss and shrinking revenue for its fourth quarter. Shares of the company fell
The world’s leading private equity firm suggests the U.S. the ultimate safe haven play. According to Blackstone’s Joseph Zidle, it’s largely insulated from the Russia-Ukraine war fallout. “The U.S. is an island of growth,” the firm’s chief investment strategist told CNBC’s “Fast Money” on Thursday. “The U.S. is one of the only major economies in
Klaus Vedfelt | DigitalVision | Getty Images Students who start college in the U.K. next year could still be repaying student loans into their sixties, under new plans announced by the British government on Thursday. The U.K. government announced a number of reforms into university financing on Thursday, which included extending the student loan repayment
Valeriy_G | iStock | Getty Images Married couples have the choice to file taxes jointly or separately every season. While filing together generally pays off, splitting returns may be better in some scenarios, financial experts say. Married filing separately involves two individual returns, each reporting their own income, deductions and credits. And the tax code
You may have heard about new tax reporting rules for businesses using third-party payment apps such as PayPal, Cash App, Venmo, Zelle, etc. This has caused some confusion for app users, but we’re here to help you understand how it will (or won’t) affect your taxes next year. What’s changed? Until this year, payment platforms
A look at food prices which have jumped by 7% over the last year.