Designer Brands, Lands’ End, Salesforce and more

Designer Brands, Lands' End, Salesforce and more

Store front view of Lands’ End opening of the NYC Pop-Up on Vererans Day with the Bob Woodruff foundation on November 11, 2015 in New York City. Brian Bedder | Getty Images Check out the companies making headlines before the bell: Designer Brands (DBI) – The footwear retailer’s shares slide 15.6% in the premarket after … Read more

South Korea GDP, Caixin Manufacturing PMI, Japan Consumer Confidence

South Korea GDP, Caixin Manufacturing PMI, Japan Consumer Confidence

Temasek’s $245 million FTX loss ’caused reputational damage’ to Singapore, says deputy prime minister Singapore’s Deputy Prime Minister Lawrence Wong said the state sovereign wealth fund’s investment loss of $275 million in collapsed crypto exchange FTX is “disappointing and has caused reputational damage” to the city-state. But the investment loss does not mean the governance … Read more

China’s factory activity at lowest reading since April; Asia markets largely higher

China's factory activity at lowest reading since April;  Asia markets largely higher

Bitcoin briefly crosses $17,000 to highest levels since mid-November The price of bitcoin briefly surpassed $17,000 in Asia’s morning session for the first time since mid-November. Bitcoin rose 2.2% from the 24 hours previous, according to Coin Metrics and last traded at $16,863.07 per coin. Ether also rose, and was up 4.74% in the past … Read more

Asia-Pacific stocks mostly lower, Tokyo inflation at highest in 40 years; US markets closed

Asia-Pacific stocks mostly lower, Tokyo inflation at highest in 40 years;  US markets closed

Proposed G-7 price cap may not have any effect whatsoever on Russia, says Wood Mackenzie The Group of Seven (G7) nations’ proposed price cap for Russian oil of between $65 and $70 a barrel may not be a significant deterrent for Moscow, according to Wood Mackenzie. The planned cap is not expected to make a … Read more

Fed minutes, Bank of Korea decision, Sri Lanka

Fed minutes, Bank of Korea decision, Sri Lanka

Malaysian stocks rise as state palace announces prime minister Malaysia-listed stocks rose as the the state palace announced Anwar Ibrahim as the nation’s prime minister. The benchmark KLCI-index traded 3.86% higher following previous negative sessions, trading at the highest levels in more than two months. Telecommunications group Axiata Group Bhd rose 12.4%, and Maxis Bhd … Read more

Fed officials see smaller rate hikes coming ‘soon’

Fed officials see smaller rate hikes coming 'soon'

Federal Reserve officials earlier this month agreed that smaller interest rate increases should happen soon as they evaluate the impact policy is having on the economy, meeting minutes released Wednesday indicated. Reflecting statements that multiple officials have made over the past several weeks, the meeting summary pointed to small rate hikes coming. Markets widely expect … Read more

Asia-Pacific markets trade lower; China keeps LPR steady

Asia-Pacific markets trade lower;  China keeps LPR steady

China keeps its loan prime rates on hold as expected China left its benchmark lending rate unchanged for a third month in a row, according to an announcement from the People’s Bank of China. The one-year loan prime rate is steady at 3.65%, and the five-year rate is also on hold at 4.3%, the notice … Read more

S&P 500 futures fall slightly ahead of more retail earnings before the Thanksgiving holiday

S&P 500 futures fall slightly ahead of more retail earnings before the Thanksgiving holiday

Traders on the floor of the NYSE, Oct. 21, 2022. Source: NYSE S&P 500 futures fell slightly Sunday evening ahead of another batch of retail earnings to kick off a shortened week for the Thanksgiving holiday. Futures tied to the broad market index were lower by 0.1%. Dow Jones Industrial Average futures were lower by … Read more

Hong Kong stocks up 3% as tech stocks rise; China’s activity data disappoints

Hong Kong stocks up 3% as tech stocks rise;  China's activity data disappoints

Fertilizer is key to get Black Sea grain deal in motion again, says expert A greater emphasis on fertilizer will help bring down the global cost of food and secure the extension of the Black Sea deal, said Michael Vatikiotis, senior advisor from Center for Humanitarian Dialogue. He explained that 70% of Europe’s fertiliser production … Read more

AMC’s new ‘APE’ units are a meme-friendly way to raise cash fast

AMC's new 'APE' units are a meme-friendly way to raise cash fast

AMC Entertainment has embarked on a meme-friendly experiment to give a token reward to its retail investor base while also creating a backdoor way to raise more cash down the line. The theater chain’s new preferred share class—called “APE” units—begin trading on Monday after being distributed to shareholders as a dividend last week. “APE” stands … Read more