Wayne Duggan - Spark Newswire

2 minute read

Macau Casino Stocks Rally Following License Renewal Set To Begin On Jan. 1, 2023

Today, 3:52 AM

Shares of U.S.-listed Macau casino operators traded mostly higher on Monday after each was awarded new 10-year concessions over the weekend to continue operating.

LVS

2 minute read

Walmart, Costco Are Black Friday Winners While Target Sees Light In-Store Traffic

By Wayne Duggan

Today, 3:52 AM

Inflation has weighed on consumer discretionary spending in recent quarters. Rising prices may create an opportunity for discount retailers to gain market share this holiday shopping season, according to Bank of America analyst Robert Ohmes.

2 minute read

Recession Watch: Bank Of America Says US Economic Breakdown ‘Could Come At Any Time’

By Wayne Duggan

Today, 3:52 AM

One of the biggest concerns for investors heading into the end of the year is whether the U.S. economy will soon slip into a recession.

SPY

2 minute read

China Cuts Bank Reserve Requirements, But Chinese Stocks Drop As Beijing Locks Down Following Latest COVID-19 Outbreak

By Wayne Duggan

Today, 3:52 AM

The iShares China Large-Cap ETF (NYSE: FXI) traded lower by another 1.7% on Friday as headlines about COVID-19 lockdowns in Beijing overshadowed China's loosening of bank

BABA

2 minute read

Friday Market Wrap: S&P 500 Gains This Week Following Dovish Fed Minutes

By Wayne Duggan

Today, 3:52 AM

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher in a holiday-shortened week on Wall Street as investors cheered a more dovish tone from the Federal Reserve.

ADBE

2 minute read

Retail Stocks Mixed On Black Friday Following Record Thanksgiving Day Sales: What You Need To Know

By Wayne Duggan

Today, 3:52 AM

Early reports on Friday suggest the shopping holiday was off to a slower-than-normal start, but retail investors are hopeful that sales will pick up over the weekend ahead of Cyber Monday next week.

ADBE

2 minute read

Why This SoFi Analyst Sees Headwinds In Biden’s Latest Student Loan Payment Pause

By Wayne Duggan

Today, 3:52 AM

The Biden administration has once again extended the payment pause on federal student loans, and one analyst said Friday the extension is bad news for SoFi Technologies Inc (NASDAQ:

SOFI

2 minute read

Slower Interest Rate Hikes Will ‘Likely Soon Be Appropriate’: Fed Minutes

By Wayne Duggan

Today, 3:52 AM

Inflation remains the central bank's top priority, according to the November meeting minutes released Wednesday by the Federal Open Market Committee.

SPY

2 minute read

GameStop Short Sellers May Be ‘Running Out Of Bullets’: Analyst

By Wayne Duggan

Today, 3:52 AM

GameStop Corp. (NYSE: GME) shares were up another 1.6% on Wednesday following reports that billionaire investor Carl Icahn is still short

GME

2 minute read

Dow Completes 25-Year Great Depression Recovery On This Day In Market History

By Wayne Duggan

Today, 3:52 AM

Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On Nov. 23, 1954, the Dow Jones Industrial Average finally made its first new all-time high following the Great Depression. Where The Market Was: The Dow closed at 382.74, and the S&P 500 index wasn’t around yet.

DJIA