It's about time to write off high-growth tech stocks, Goldman warned, saying software carries the highest multiples since the tech bubble.Marketsread more
The Federal Reserve is expected to cut interest rates multiple times this year, but the reason behind those cuts could have vastly different implications for the stock market.Marketsread more
Iran will surpass the internationally agreed levels of its low-enriched uranium levels in 10 days, the country's atomic energy body said Monday.Politicsread more
Boeing says the airline industry will need 44,000 new commercial airplanes by 2038. The market value of those planes would reach $6.8 trillion, up from $6.49 trillion...Airlinesread more
Apple is reportedly building three new iPhones for 2020, including two with 5G. It may also slightly change the screen sizes of the new iPhones.Technologyread more
Sotheby's announces it has signed an agreement to be acquired by BidFair USA, a venture owned by art collector Patrick Drahi.Marketsread more
Overall, extortion by email is growing significantly, according to the FBI's Internet Crime Compliant Center (IC3). Last year, these complaints rose 242% to 51,146 reported...Technologyread more
In a 7-2 ruling, over dissents from Justices Ruth Bader Ginsburg and Neil Gorsuch, the justices affirmed the so-called "dual sovereignty" exception to the Constitution's...Politicsread more
The chipmaker crush could persist and investors should be selective, but Nvidia looks like a clear buy, one market watcher says.Trading Nationread more
Target's nationwide cash register meltdown over the weekend created more than $16 million in buzz on the internet from news reports and other social media mentions, according...Retailread more
Amazon responded this morning to Democratic Congresswoman Alexandria Ocasio-Cortez's claim that it pays warehouse workers "starvation wages" in a tweet that says it pays...Technologyread more
As the nation remembers George Herbert Walker Bush, the New York Stock Exchange and Nasdaq are closed Wednesday, with stock trading resuming Thursday on a normal schedule. The U.S. Treasury market is also closed Wednesday.
The ADP jobs data, normally released on Wednesdays, and the Labor Department's productivity report are postponed until Thursday. Federal Reserve Chairman Jerome Powell's testimony to the Joint Economic Committee of Congress has also been postponed.
Trading in energy and metals futures are open for their normal hours Wednesday.
Wednesday is a National Day of Mourning in honor of Bush, the country's 41st president.
A state funeral for Bush, who died Friday at 94, will be held Wednesday morning at Washington National Cathedral. The last presidential funeral was in 2007 for Gerald Ford.
U.S. stock index futures are open until 9:30 a.m. ET, and reopening Wednesday evening at 6 p.m. ET as normal.
Equity futures were higher Wednesday morning after the Dow Jones Industrial Average tanked nearly 800 points, or 3 percent, on Tuesday in the biggest decline since the October rout as investors worried about a bond-market phenomenon signaling a possible economic slowdown. Lingering worries around U.S.-China trade also added to the jitters. The Dow and were able to stay out of a correction, but Tuesday's decline sent the Nasdaq back into correction territory.
The massive sell-off on Wall Street spilled over into global markets, with stocks in Asia and Europe mostly in the red Wednesday morning.