Wall Street, consumer confidence, currencies and oil

SINGAPORE — Shares in the Asia-Pacific fell on Wednesday after Wall Street’s negative performance on Tuesday. Investors will also be looking forward to Japan’s consumer confidence data release. Hong Kong’s Hang Seng index declined about 1% in early trade, while the Hang Seng Tech index dropped 1.44%. In South Korea, the Kospi dropped 1.55%, while … Read more

ARK Invest’s Cathie Wood says the U.S. is already in a recession

Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Bitcoin 2022 conference in Miami, Florida, US, on Thursday, April 7, 2022. Eva Marie Uzcategui | Bloomberg | Getty Images Ark Invest CEO Cathie Wood said Tuesday that the US is already in an economic downturn, and she admitted that she underestimated … Read more

Stock index futures rise following a losing day Monday

Stock futures rose early on Tuesday following a losing day as investors prepare to rebalance their portfolios with the end of the quarter fast approaching. Futures on the Dow Jones Industrial Average gained 248 points or 0.79%. S&P 500 futures edged up 0.83% and Nasdaq 100 futures advanced 0.94%. The overnight action followed modest losses … Read more

Asia markets: Stocks, earnings currencies, oil

SINGAPORE — Shares in the Asia-Pacific region mostly fell on Tuesday as investors weigh economic concerns. Hong Kong’s Hang Seng index fell 0.86% in early trade, while the Hang Seng Tech index fell 2.26%. Mainland Chinese markets fell. The Shanghai Composite lost 0.33% and the Shenzhen Component inflated down 0.41%. Technology investor Prosus NV will … Read more

Robinhood shares jump 14% on report FTX may be exploring a deal

A woman holds a smartphone with the Robinhood logo in the background. Rafael Henrique | Soup Images | Lightrocket | Getty Images Robinhood shares jumped on Monday after Bloomberg News reported crypto exchange FTX was considering acquiring the trading app. The stock soared 14% to its session high and was briefly halted after a report … Read more

SPACs wipe out half of their value as investors lose appetite for risky growth stocks

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, June 16, 2022. Brendan McDermid | Reuters SPACs, once Wall Street’s hottest tickets, have become one of the most hated trades this year. The proprietary CNBC SPAC Post Deal Index, which is comprised of SPACs that have completed their … Read more

Recession, currencies, oil, Russian debt

A man walks past the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Nov. 30, 2020. Toru Hanai | Bloomberg via Getty Images SINGAPORE — Shares in the Asia-Pacific traded higher on Monday as investors assess inflation and recession fears. Japan’s Nikkei 225 jumped nearly 1% in … Read more

Stock futures fall following a major comeback week for stocks

Traders on the floor of the NYSE, June 15, 2022. Source: NYSE US stock futures fell on Sunday night following a major rebound last week from this year’s steep declines. Despite the bounce, Wall Street is preparing to wrap up the worst first half for stocks in decades. Dow Jones Industrial Average futures fell 75 … Read more

Stock futures rise as Wall Street looks to snap losing streak

Stock futures gained on Friday morning as Wall Street looked to grind out a rare week in what has been a rough first half of the year. Futures tied to the Dow Jones Industrial Average rose 154 points, or 0.5%. Futures for the S&P 500 were 0.66% higher, while Nasdaq 100 futures advanced 0.94%. The … Read more

Currencies, oil, Wall Street, stock debut

SINGAPORE — Shares in the Asia-Pacific region were higher on Friday as investors weigh recession fears. Hong Kong’s Hang Seng index jumped 1% in early trade, with the Hang Seng Tech index rising 1.7%. Logistics company GoGoX climbed as high as 22.90 Hong Kong dollars ($2.92) in its stock market debut in the city. The … Read more