Dow Jones futures dropped 150 points Tuesday morning ahead of key housing data. Sports betting giant DraftKings (DKNG) rose on an analyst upgrade. X Housing data is due out Tuesday morning, with the early release of the Case-Shiller Home Price Index and the FHFA House Price Index. Both are out at 9 a.m. ET. New … Read more
Stock futures pulled back on Tuesday as Wall Street increasingly faced up to the likelihood that the Federal Reserve won’t cut interest rates any time soon. S&P 500 (^GSPC) futures sank 0.5%, while the Dow Jones Industrial Average (^DJI) futures dropped 0.4%. Futures on the tech-heavy Nasdaq 100 (^NDX) were down 0.5%. While the three … Read more
Text size Ford said it was pausing a $3.5 billion electric-vehicle battery plant. Bing Guan/Bloomberg Stock futures declined Tuesday and Treasury yields moved higher as belief is growing on Wall Street that the Federal Reserve likely will keep interest rates higher for longer. These stocks were poised to make moves Tuesday: Ford (F) said it … Read more
(Bloomberg) — A selloff in bonds paused and the dollar steadied, while shares in Europe retreated for a fourth day. Most Read from Bloomberg The Stoxx 600 benchmark slipped 0.3% Tuesday and US equity futures declined, putting the MSCI All Country World Index, one of the broadest measures of global equities, on track to match … Read more
Ford Tried to Sell the Electric Mustang to China the Tesla Way—It Didn’t Work
(Bloomberg) — Prices in China are recovering, according to an independent survey, providing more evidence that the worst may be over for the world’s second-biggest economy and easing fears of a Japan-style deflation for now. Most Read from Bloomberg The all-sector price index hit 50.9 in September, the highest level in 14 months, according to … Read more
TOKYO (AP) — Asian shares mostly sank Tuesday over worries about a possible U.S. government shutdown and the troubled Chinese economy. Japan’s benchmark Nikkei 225 index slipped 1.0% in afternoon trading to 32,357.25. Australia’s S&P/ASX 200 dipped 0.5% to 7,044.90. South Korea’s Kospi dropped nearly 1.3% to 2,463.63. Hong Kong’s Hang Seng shed 0.9% to … Read more
(Bloomberg) — The world may not be prepared for a worst-case scenario of Federal Reserve benchmark interest rates hitting 7% along with stagflation, JPMorgan Chase & Co. CEO Jamie Dimon said in an interview with the Times of India. Most Read from Bloomberg “If they are going to have lower volumes and higher rates, there … Read more
Intel’s Big Chip-Making Push in Germany Hits Bottleneck
