All posts in Stock Market Updates

Traders on the NYSE floor, August 4, 2022. Source: NYSE Stock futures were slightly lower in overnight trading on Sunday, following the S&P 500’s third straight weekly gain, as investors focused on a key inflation report this week. Dow Jones Industrial Average futures fell 70 points. S&P 500 and Nasdaq 100 futures fell 0.3%. The overnight action followed a weekly gain for the S&P 500 and Nasdaq Composite as a surprisingly strong monthly jobs report eased some recession fears. The resilient labor market also signaled that the economy could withstand more rate hikes from the Federal Reserve. A new consumer…

Celsius was sued by former investment manager Jason Stone on Thursday as pressure continues to mount on the company amid a slump in cryptocurrency prices. Stone has alleged, among other things, that Celsius CEO Alex Mashinsky (above) was “able to enrich himself considerably”. Piaras Ó Midheach | Sportsfile for Web Summit | Getty Images Conflict lending platform Celsius has been taken down his motion to return to the ex-CFO Rod Bolger at $92,000 per month, prorated over a period of at least six weeks, according to a court document filed Friday in the Southern District of New York. The withdrawal…

Jakarta (ANTARA) – The economic challenges in the third and fourth quarters of 2022 will be quite big, said Eko Listiyanto, deputy director of the Institute for the Development of Economics and Finance (Indef). “Especially in the third quarter, when the impetus like religious holidays or other big events is relatively rare, it will certainly have implications for economic performance,” he said in a virtual press conference on Sunday. In the second quarter of 2022, Indonesia’s economic growth was 5.44 percent. Indef praised this achievement, as the government itself had projected second-quarter growth to be slightly below realisation. Listiyanto said…

07 August 2022 The landmark legislation would reduce carbon emissions and lower prescription drug costs Washington, DC – Legislation authored by Senate Finance Committee Chairman Ron Wyden, D-Ore., passed the Senate today as part of the landmark Inflation Reduction Act. The centerpiece of the Inflation Reduction Act’s clean energy package is Wyden’s Clean Energy for America Act, first introduced in 2015, which overhauls the energy tax code to incentivize the reduction emissions rather than specific technologies. The Clean Power for America Act would reduce carbon emissions in the electricity sector by 70% over the next decade and is the main…

This week offers one of Africa’s biggest votes this year, as Kenyans go to the polls on Tuesday to decide a new president. The contest is between incumbent Deputy President William Ruto, 55, and Raila Odinga, a 77-year-old veteran of such campaigns who is now on his fifth attempt at the top spot. Relations with China, which has invested heavily in the country in recent decades, raising concerns among Kenyans, has become a key battleground for the campaign. The usual rule of incumbent advantage has been reversed after Ruto clashed with incumbent President Uhuru Kenyatta, who in turn has thrown…

The peaceful pro-democracy protests that swept Belarus in August 2020 evoked memories of Solidarity, the mass movement that had emerged in neighboring Poland 40 years earlier. The focus of discontent was identical: a repressive regime, aligned with Moscow, that mistreated citizens and shamed the nation. Even the patriotic colors displayed in the protests were the same in Minsk as in Warsaw: white and red. Two years later, the parallels between Belarus and Poland seem even more striking. Just as Polish communist authorities suppressed Solidarity under martial law in December 1981, Alexander Lukashenko’s regime has carried out a fierce crackdown on…

The US Senate has approved Joe Biden’s flagship economic package after a marathon overnight voting session that gave the president a major political victory just months before the midterm elections. The climate, tax and health care bill, known as the Inflation Reduction Act, passed 51 to 50, with the vote split along party lines and Vice President Kamala Harris cast the deciding vote in an equally divided Senate. The bill still needs to pass the House of Representatives and be signed by the president before it becomes law, but its passage through the Senate is the most important in a…