Rivian, Teladoc, Bed Bath & Beyond, Walmart

Here are Friday’s biggest calls on Wall Street: DA Davidson initiates Teladoc as buy DA Davidson said it sees upside for the the telehealth company. “COVID created unprecedented tailwinds for the market, which turned into headwinds; we believe we are now at stable to growing penetration rates for telehealth, and that Teladoc is well-positioned to … Read more

5 things to know before the stock market opens Friday, August 12

Traders on the floor of the NYSE, Aug. 11, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Markets looking up US stock futures pointed to a rally Friday morning, a day after the three major indexes posted mixed results. On Thursday, the Dow finished … Read more

Ex-JPMorgan gold traders convicted after 1-month long spoofing trial

(Kitco News) Two out of three former JPMorgan Chase & Co employees were convicted by a federal jury in Chicago after being charged with manipulating gold prices for years. The jury found the traders used spoofing to rig prices. After a three-week trial and an eight-day deliberation, the jury came out with a guilty verdict … Read more

Here’s where China’s real estate troubles could spill over

China’s real estate industry accounts for more than a quarter of national GDP, according to Moody’s. Pictured here is a residential complex under construction on Dec. 15, 2021, in Guizhou province. Costfoto | Future Publishing | Getty Images BEIJING – China’s real estate troubles could spill into other major sectors if the problems persist – … Read more

5 things to know before the stock market opens Thursday, August 11

Traders on the floor of the NYSE, Aug. 8, 2022. Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Stock futures are up US markets on Thursday were set to rise again after a government report showing that inflation is cooling fueled a Wednesday rally. All … Read more

Metro Denver one of the most ‘vulnerable’ housing markets

DENVER – Metro Denver’s housing market has taken a big shift. It’s now among the most vulnerable markets in the country, according to the real estate brokerage firm, Redfin. The Redfin risk score is based on interest rates, home sales and price drops. It might not be the best time to buy, but for many, … Read more

The easing of inflation pressures is giving the economy some breathing room, for now

A shopping cart is seen in a supermarket as inflation affected consumer prices in Manhattan, New York City, US, June 10, 2022. Andrew Kelly | Reuters If inflation has been the biggest threat to US economic growth, then July’s data should provide signs that there’s at least some relief in the pipeline. Prices were flat … Read more

Losses climb 50%, firm to exit Netherlands

A Deliveroo rider near Victoria station on March 31, 2021 in London, England. Dan Kitwood | Getty Images Losses at British meal delivery firm Deliveroo swelled in the first half of 2022 while revenue growth slowed dramatically, as the disappearance of pandemic restrictions and a rise in the cost of living dented demand for online … Read more

Key US inflation print in focus

LONDON – European markets made a late surge on Wednesday after a key US inflation print showed price rises slowing faster than expected. The pan-European Stoxx 600 jumped 0.7% by mid-afternoon, having hovered around the flatline for much of the trading session. Travel and leisure stocks climbed 2.8% to lead gains as all sectors entered … Read more

Market is on edge ahead of CPI report that will test peak inflation thesis

-The market is pausing, hesitating, digesting, waiting for the CPI number Wednesday right in the border zone between “just another doomed bear-market rally” and “possibly the start of a real base and lasting advance.” -The S & P 500 has been sideways just under its early-June highs for eight straight trading days now, consolidating the … Read more