Prime’s ranks surpassed more than 100 million people last year. In addition to free two-day shipping and weekly Whole Foods deals, Amazon’s $119-a-year membership service offers streaming of music and movies and free two-hour delivery in certain ZIP codes. Prime members now qualify for two-hour delivery at Whole Foods, they can use Alexa to add … Read more
U.S. stock futures were under pressure Tuesday, despite data from the U.S. and China showing a rebound in manufacturing activity. As of 3:15 a.m. ET, Dow futures traded 32 points lower, indicating a lower open of -40 points, while the S&P 500 and Nasdaq indexes were also in negative territory. Strong manufacturing data out of … Read more
Stocks rallied out of the gate today after better than expected manufacturing numbers in China. There has been a lot of concern over a slowing global economy. So when China’s Manufacturing PMI came in at 50.5 vs. a 49.5 expected reading (its best reading in 8 months), the major indices jumped. After the strong start, … Read more
A sharp drop in interest rates last week suddenly made millions more borrowers eligible to refinance their mortgages. With the average rate on the 30-year fixed now close to 4 percent, 4.9 million borrowers could likely qualify for a refinance that could reduce their interest rates by at least three-quarters of a percentage point, according … Read more
U.S. stock futures rallied early on Monday following strong manufacturing data out of China. At around 6:20 a.m. ET, Dow futures indicated a higher open of more than 150 points, while the S&P 500 and Nasdaq indexes were also in positive territory. Traders turned focus to the latest economic figures from China. A private survey … Read more
Lyft stock started trading on the public market Friday at $87.24 per share, more than 20 percent above the stock’s IPO price of $72. The offering marks the first debut from a heavyweight class of tech companies going public in 2019. Lyft said Thursday it sold 32.5 million shares — more than previously expected — … Read more
U.S. stock index futures were slightly higher Friday morning, amid renewed optimism on the progress of trade talks between Washington and Beijing. At around 7 a.m. ET, Dow Jones Industrial Average futures rose 107 points, indicating a gain of more than 114 points. Futures on the S&P 500 and Nasdaq 100 also rose. Market focus is largely attuned … Read more
Stocks finished the day higher after a choppy day of trading. Trade talks were in the spotlight again today, with Treasury Secretary Steven Mnuchin and U.S. Trade Rep Robert Lighthizer arriving in China for a 2-day meeting. Stocks were up in the morning but dropped during lunch. After the mid-day sell-off, stocks rallied in the … Read more
U.S. stock index futures were little changed Thursday, amid talks of progress in the contentious trade talks between the U.S. and China. Investors in the U.S. awoke to optimistic reports of progress in all areas under discussion in U.S.-China trade talks, with what Reuters called unprecedented movement on the touchy issue of forced technology transfers, … Read more
Stocks struggled after a decent start this morning. The S&P was up at the open and rallied 0.3% in the morning. But stocks dropped a little more than an hour into the trading session. Why the drop? Traders are cautious right now because of a slowing global economy. Data today from Chinese industrial firms showed … Read more