5 things to know before the stock market opens Wednesday, May 25

5 things to know before the stock market opens Wednesday, May 25

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Nasdaq futures slide, a day after tech-heavy index sank more than 2% Traders on the floor of the NYSE, May 23, 2022. Source: NYSE US stock futures fell Wednesday, one day after the Nasdaq dropped 2.4% as … Read more

5 things to know before the stock market opens Tuesday, May 24

5 things to know before the stock market opens Tuesday, May 24

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to gave back some of Monday’s snapback rally A screen displays the Fed rate announcement as a trader works inside a post on the floor of the New York Stock Exchange (NYSE) in New York … Read more

5 things to know before the stock market opens Monday, May 23

5 things to know before the stock market opens Monday, May 23

Here are the most important news, trends and analysis that investors need to start their trading day: 1. S&P 500 set to open higher after narrowly avoiding a bear market close Traders on the NYSE, May 20, 2022. Source: NYSE Dow futures rose 350 points Monday after the 30-stock average logged its first eight-week losing … Read more

How has Nigeria’s digital currency fared since its launch? | Crypto News

How has Nigeria’s digital currency fared since its launch?  |  Crypto News

Abuja, Nigeria – James Ndubuisi, in-house lawyer at Lagos-based entertainment firm SoundHive Group, is certain he has no need for the eNaira – Nigeria’s official digital currency – or its app. “It needs to be entirely binned,” the 30-year-old told Al Jazeera. He downloaded the app the same day it was released – on October … Read more

Can renewable energy help close power gap in India’s hot summer? | Business and Economy News

Can renewable energy help close power gap in India’s hot summer?  |  Business and Economy News

New Delhi, India – As temperatures soar beyond 40 degrees Celsius in Hasanganj village in the northern Indian state of Uttar Pradesh, the nearly 14-hour power cuts in the area mean that the bananas that Ramesh, a fruit vendor who goes by one name, sells are rotting faster than normal with no fans to keep … Read more

Consumers defy inflation to support economy. For how long?

Consumers defy inflation to support economy.  For how long?

WASHINGTON – With prices across the economy – from food, gas and rent to cars, airfares and hotel rooms – soaring at their fastest pace in decades, you might think Americans would tap the brakes on spending. Not so far. Consumers as a whole are showing surprising resilience, not only sustaining their spending but increasing … Read more

Consumers defy inflation to support economy. For how long?

Consumers defy inflation to support economy.  For how long?

WASHINGTON (AP) – With prices across the economy – from food, gas and rent to cars, airfares and hotel rooms – soaring at their fastest pace in decades, you might think Americans would tap the brakes on spending. Not so far. Consumers as a whole are showing surprising resilience, not only sustaining their spending but … Read more

Electric vehicle prices rise at Tesla, Rivian, GM and other carmakers

Electric vehicle prices rise at Tesla, Rivian, GM and other carmakers

Tesla’s Model 3 at the Tesla store in Washington, DC Salwan Georges | The Washington Post | Getty Images Automakers from Tesla to Rivian to Cadillac are hiking prices on their electric vehicles amid changing market conditions and rising commodity costs, specifically for key materials needed for EV batteries. Battery prices have been declining for … Read more

Stock market claws back from edge of first bear market since 2020

Stock market claws back from edge of first bear market since 2020

NEW YORK (AP) – Wall Street rumbled to the edge of a bear market Friday after another drop for stocks briefly sent the S&P 500 more than 20% below its peak set earlier this year. The S&P 500 index, which sits at the heart of most workers ’401 (k) accounts, was down as much as … Read more

Wall Street nears bear market at the end of a bruising week

Stock market claws back from edge of first bear market since 2020

NEW YORK (AP) – Another fall for stocks on Friday has the S&P 500 flirting with a 20% drop from its peak set earlier this year, putting it within the grasp of what Wall Street calls a bear market. The index that’s at the heart of most workers’ 401 (k) accounts was down 0.4% for … Read more