Markets

Euro continues to slide toward dollar parity — and could fall even further

A financial trader monitors data as a television shows euro currency banknotes at the Frankfurt Stock Exchange in Germany. Martin Leissl | Bloomberg | Getty Images The euro dropped below $1.02 this week, continuing its slide to new 20-year lows and potential parity with the US dollar. The euro traded as low as $1,0165 on …

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Indexes trade higher as investors react to Fed minutes

SINGAPORE — Asia-Pacific markets were mostly higher on Thursday as investors watch for market reaction to the latest Fed minutes. In South Korea, the Kospi advanced 1.83% after closing more than 2% lower on Wednesday, and the Kosdaq climbed around 1.43%. Samsung Electronics shares rose 3.19% after the company released earnings guidance for the second …

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GameStop jumps in extended trading after announcing 4-for-1 stock split

A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022. Brendan McDermid | Reuters Shares of GameStop jumped more than 8% in extended trading Wednesday after the retailer said a 4-for-1 stock split was approved by its board. Shareholders who own the …

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There’s more pain coming for investors who own buy now, pay later plays, Jim Cramer says

CNBC’s Jim Cramer on Wednesday warned investors that if they own any buy now, pay later stocks, they should brace themselves for more damage to their portfolios. “These stocks never should’ve been worth so much in the first place. Their business models were much more attractive when interest rates were incredibly low, but it remains …

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Charts suggest the market could bottom after more weakness

CNBC’s Jim Cramer on Wednesday said that the market could find a bottom later this year now that stocks have come down and Wall Street’s optimism has waned. “The charts, as interpreted by Tom DeMark, suggest that with just a little more weakness, this market’s finally got a legitimate chance to the bottom for the …

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Virgin Galactic contracts Boeing subsidiary for aircraft ‘motherships’

A conceptual rendering of the company’s carrier aircraft, also known as a “mothership.” Virgin Galactic Space tourism company Virgin Galactic on Wednesday announced a deal with Boeing subsidiary Aurora Flight Sciences to build two additional carrier aircraft to support its coming spacecraft fleet. Virgin Galactic currently has one carrier aircraft, or “mothership,” called VMS Eve …

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‘It’s a war on two fronts’ for commodities as short positions grow in copper, silver, gold — Pepperstone

(Kitco News) Recession calls are triggering a major slide in the commodities sector, with short positions quickly growing in copper, oil, gold, and silver, according to Pepperstone’s head of research Chris Weston. The European Union seems the most at risk of a recession as the European Central Bank is forced to tighten to get …

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