Check out the companies making headlines before the bell: Kellogg (K) – Kellogg jumped 8.1% in premarket trading after announcing plans to split into three separate public companies. One entity will comprise the snack and international cereal businesses, another the US cereal business and the third will be a pure-play plant-based food producer. Lennar (LEN) … Read more
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to bounce after S&P 500’s worst seek since 2020 The sign for Wall Street is seen with US flags outside the New York Stock Exchange. Yuki Iwamura | Afp | Getty Images Dow futures … Read more
The US economy is more likely than not to sink into a recession this year as the Federal Reserve tightens monetary policy in its bid to cool decades-high inflation, economists warned Monday. “Disruptions in the energy and food sectors, coupled with declining consumer sentiment, are contributing to a looming economic slowdown in the US and … Read more
Stores and manufacturers acknowledged shortages of the product last week, confirming complaints that have been circulating on social media for months. On Monday, on-demand grocery delivery service, Instacart, provided more evidence. Searches for tampons rose 13% on the platform’s app last week compared the prior week. The company said the rate at which its personal … Read more
The cryptocurrency industry was on edge on Monday as bitcoin struggled to stay above a key level, with investors fearing that problems at major crypto players could unleash a wider market shakeout. Bitcoin, the world’s biggest cryptocurrency, was trading just under the symbolic level of $20,000 in early London trading hours. Bitcoin had dropped on … Read more
new York CNN Business — US drivers got a slight — very slight — break on prices this weekend as the AAA average for a gallon of unleaded gas fell below the $5 mark. The average price Sunday was $4.98 a gallon, down from $4.99 in Saturday’s reading. The average gas price had been $5 … Read more
An employee arranges Apple iPhones as a customer shop at an Apple store. Mike Segar | Reuters Employees at an Apple store in Towson, Maryland voted Saturday to join a union, a significant achievement for organized labor that could encourage employees at other Apple stores to unionize. The Towson store is the first unionized Apple … Read more
new York CNN Business — Americans gained a new federal holiday last year: Juneteenth. This year the holiday, which commemorates of the end of slavery in the United States, falls on Sunday but it will be observed in many places on Monday, June 20. Given that this long summer weekend also coincides with Father’s Day, … Read more
LONDON– The price of bitcoin fell below $20,000 on Saturday for the first time since late 2020, in a fresh sign that the selloff in cryptocurrencies is deepening. Bitcoin, the most popular cryptocurrency, fell below the psychologically important threshold, dropping by as much as 9% to less than $19,000 and hovering around that mark, according … Read more
Crypto dominated the largest stage in the world with a series of ads during Super Bowl LVI. Now those companies are in the spotlight again as their industry falters. Four crypto firms were most prominent during the football game: Coinbase, COIN 0.33% Crypto.com, eToro, and FTX. Their spots helped lift total crypto ad spending in … Read more
