US stock futures drifted lower on Wednesday ahead of fresh consumer inflation data, as investors weighed whether a Donald Trump White House would whip up price pressures. Dow Jones Industrial Average futures (YM=F) fell roughly 0.3%, coming off a steep slide as stocks closed lower across the board. Contracts on the S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) also shed 0.3%. Inflation has taken center stage again after
Breadcrumb Trail Links Investor Economy Rosenberg Research thinks Canadian dollar at 66 cents is in the cards Published Nov 13, 2024 • Last updated 17 minutes ago • 5 minute read You can save this article by registering for free here. Or sign-in if you have an account. The loonie could suffer from a further erosion of Canadian competitiveness. Photo by Peter J Thompson/National Post Article content By Dylan Smith While
(Reuters) – U.S. stock index futures edged lower on Wednesday as an uptick in Treasury yields weighed on rate-sensitive equities ahead of crucial inflation data that will offer more signals on the pace of the Federal Reserve’s interest rate reductions. All the three major Wall Street indexes closed lower on Tuesday, as a strong rally following the U.S. elections lost some steam, while the benchmark U.S. 10-year Treasury yield moved
(Bloomberg) — Wonder Group Inc. is buying Grubhub from Just Eat Takeaway.com NV for about $650 million, acquiring the restaurant delivery service at a steep discount to the $7.3 billion price tag it commanded during the early days of the Covid pandemic. Most Read from Bloomberg The transaction is expected to close in the first quarter of 2025, Just Eat said in a statement on its website on Wednesday. It
Beth Kindig, technology analyst at the I/O Fund, thinks Nvidia (NASDAQ: NVDA) will ride the artificial intelligence (AI) boom to a $10 trillion valuation by 2030. Should that forecast prove correct, the semiconductor company would be worth more than what Apple, Microsoft, Amazon, and Tesla are currently worth combined. Kindig’s prediction implies substantial upside for Nvidia shareholders. The company’s current market value of $3.5 trillion would need to increase 185%
President Joe Biden made student loan forgiveness a central issue to his administration, rolling out efforts to forgive debt as well as to lower repayments for millions of borrowers. But with President-elect Donald Trump returning to the White House in January, the future of those efforts is now in question. During the presidential debate with Vice President Kamala Harris, Trump described Mr. Biden’s efforts to forgive student borrowers as “a
HONG KONG (Reuters) – France’s BNP Paribas has cut a dozen jobs in mainland China and Hong Kong, a source with knowledge of the matter told Reuters, the latest among global banks to trim headcount amid a slowdown in dealmaking in the Chinese market. The bank last week began notifying the impacted bankers, the majority of whom are in investment banking and corporate finance roles, according to the source, who
(Bloomberg) — Donald Trump’s election victory has catapulted US stocks to fresh records and pushed the dollar to a two-year high. It’s anything but good news for the rest of the world. Most Read from Bloomberg Equities excluding the US are tumbling, with an MSCI gauge at its lowest in three months. An index of developing-market currencies has lost more than 1% following the US election, coming close to erasing
Beauty retailer Sephora has said it did not make large donations to President-elect Donald Trump‘s campaign, after viral social media posts called for a boycott of the company and other popular retail outlets over alleged donations. In a statement, a spokesman for Sephora told CBS News it was aware of “incorrect information circulating on social media,” and said Sephora “does not make corporate donations to political candidates. Sephora’s mission is
(Bloomberg) — Warren Buffett created Berkshire Hathaway Inc.’s Class B shares almost 30 years ago to stymie money managers who sought to split the high-priced conglomerate’s stock. Most Read from Bloomberg One of South Korea’s largest retail brokerages now plans to package the Class B shares into an exchange-traded fund turbocharged with derivatives, another move that Buffett might not like. Kiwoom Securities Co. teamed up with Milwaukee-based Tidal Investments to
