PayPal stock falls after company blames inflation for weak guidance

Shares of PayPal closed down 24% on Wednesday, a day after the company provided weak guidance that it blamed in part on inflation. PayPal reported mixed results for the fourth quarter. Earnings per share of $1.11, ex-items, missed the $1.12 expected. It beat on revenue estimates, though, reporting $6.92 billion vs. $6.87 billion expected, according … Read more

Stock futures edge higher of final January session, S&P heads for worst month since March 2020

Traders work on the floor of the New York Stock Exchange at the opening bell on January 25, 2022. Timothy A. Clary | AFP | Getty Images Stock futures rose in overnight trading Sunday as investors braced for the last trading day in what could be the worst month for the S&P 500 since March … Read more

Why the Stock Market Dropped—and Why It Finished Higher

Now that’s a stock market turnaround. Fears of tighter monetary policy from the Federal Reserve, a military conflict in Russia, and simply being on the wrong side of the trade, had stoked panic in the stock market early Monday. Then, investors bought the dip. The S&P 500 rose 0.3% after falling nearly 4% at one … Read more

Earnings, Fed meeting, dollar moves

The logo of the Tokyo Stock Exchange (TSE), operated by the Japan Exchange Group Inc. is displayed. (JPX), at the stock exchange in Tokyo, Japan, on Friday, October 2, 2020. Akio-kun | Bloomberg via Getty Images SINGAPORE – Asia-Pacific markets fell on Monday as investors looked ahead to this week’s US Federal Reserve monetary policy … Read more

Charts suggest S&P 500 may struggle through early February

CNBC’s Jim Kramer said Friday that technical analysis of the so-called Wall Street fear gauge indicates that the S&P 500 is facing a tough near-term outlook. “The charts, as interpreted by Mark Sebastian, indicate that the S&P 500 could remain in the house of pain until early February,” said the Mad Money host. However, Kramer … Read more

China’s Trade Surplus Hit a Record in 2021. These Stocks Helped Make It Happen.

China had a record trade surplus in 2021. Dreamtime Text size Remember the trade war? Supply chains diversifying out of China? Chinese exports apparently missed the memo. The country racked up a record $676 billion trade surplus for 2021, a 60% jump from the pre-pandemic year of 2019. Don’t blame currency manipulation. The yuan rose … Read more

Nasdaq 100 futures fall after Netflix’s earnings disappoint

US stock index futures fell during overnight trading Thursday after a disappointing earnings report from Netflix, based on lower major averages during regular trading. Futures linked to the Dow Jones Industrial Average fell 14 points. S&P 500 futures are down 0.24%, while Nasdaq 100 futures are down 0.6%. Netflix shares fell 19% during extended trading … Read more

German 10-year bond yield trades in positive territory

Outgoing Finance Minister and new German Chancellor Olaf Schulz delivers a speech during the handover ceremony with his successor at the German Federal Ministry of Finance in Berlin, Germany, December 9, 2021. Tobias Schwartz Reuters The German government’s borrowing costs continued to rise on Wednesday, with the benchmark 10-year bond yield trading in positive territory … Read more