Nike, Micron, Amylyx and others

Nike, Micron, Amylyx and others

Check out the companies making headlines before the bell: Nike (NKE) – Nike slumped 10% in the premarket after it reported a 44% increase in inventories for its latest quarter, and said it would offer more discounts heading into the holiday season. The athletic footwear and apparel maker reported better-than-expected profit and revenue for its … Read more

Inflation accelerated even more than expected in August

Inflation accelerated even more than expected in August

Inflation in August was stronger than expected despite the Federal Reserve’s efforts to bring down prices, according to data Friday that the central bank follows closely. The personal consumption expenditures price index excluding food and energy rose 0.6% for the month after being flat in July. That was faster than the 0.5% Dow Jones estimate … Read more

Britain not in recession yet, ONS reveals as pound recovers from mini-Budget plunge

Britain not in recession yet, ONS reveals as pound recovers from mini-Budget plunge

Good morning.  The pound is recovering as its rally early on Friday saw it briefly wipe out all of the losses it made since Kwasi Kwarteng began his speech last Friday. It comes as the new government made efforts to calm the markets yesterday, after the mini-Budget sparked turmoil. Liz Truss and Chancellor Kwasi Kwarteng will today meet the … Read more

Stocks close out tough quarter on economic fears

Stocks close out tough quarter on economic fears

LONDON ― European markets advanced on Friday, gaining some respite from a torrid week as the third quarter drew to a close. The pan-European Stoxx 600 added 1% in early trade, with oil and gas stocks climbing 2.2% to lead gains as all sectors and major bourses entered positive territory. Global stocks struggled in recent … Read more

Is the UK now a buy? Analysts weigh in after market meltdown

Is the UK now a buy? Analysts weigh in after market meltdown

A security guard stands outside the London Stock Exchange building on December 29, 2020. Tolga Akmen | AFP via Getty Images U.K. bond markets and the pound went into freefall this week as investors balked at the new government’s fiscal policy announcements, and some analysts believe opportunities are arising. The Bank of England on Wednesday … Read more

Asia stocks fall after Wall Street slump; China PMI beats estimates

Asia stocks fall after Wall Street slump; China PMI beats estimates

Japan movers: Softbank, Nintendo, Toyota fall Apple suppliers in Asia fall after analyst downgrade China reports better-than-expected factory activity for September China’s official manufacturing Purchasing Managers’ Index surprisingly grew in September to 50.1, much higher than the 49.6 predicted by analysts in a Reuters poll. The 50-point mark separates growth from contraction. PMI prints compare activity … Read more

Stock futures are up slightly following Thursday’s broad sell-off

Stock futures are up slightly following Thursday’s broad sell-off

Stock futures were up slightly Thursday evening following a sharp sell-off that brought the S&P 500 to a new 2022 low. Futures for the S&P 500 were up 0.26%. The Dow Jones Industrial Average futures were up 0.17%. Nasdaq 100 futures were up 0.14%. The 2022 sell-off resumed in full force during regular trading on … Read more

LIVE: Watch stocks trade in real time ⁠— 9/29/2022 – CNBC Television

LIVE: Watch stocks trade in real time ⁠— 9/29/2022 – CNBC Television

LIVE: Watch stocks trade in real time ⁠— 9/29/2022  CNBC TelevisionView Full coverage on Google News

China’s central bank PBOC warns against yuan speculation

China’s central bank PBOC warns against yuan speculation

The Chinese yuan weakened past the closely-watched 7.2 level against the greenback this week. Getty Images BEIJING — The People’s Bank of China has warned against betting on the yuan, after its rapid decline against the U.S. dollar this week. “Do not bet on a one-sided appreciation or deprecation of the renminbi exchange rate,” the … Read more

Pound slumps and FTSE down 2pc as Mark Carney says Truss ‘undercutting’ Bank of England

Pound slumps and FTSE down 2pc as Mark Carney says Truss ‘undercutting’ Bank of England

Good morning.  Sterling has retreated again today after a sharp bounce against the dollar on Wednesday. The pound jumped the most since mid-June on Wednesday, pulling the euro with it, after the Bank of England conducted the first of its emergency bond-buyback operations, worth more than £1 billion. This morning, sterling was 0.9pc lower at $1.0789 by … Read more