Morgan Stanley analysts downgraded Roblox Corporation (NYSE:RBLX) to ‘Underweight’ from ‘Equal-weight’ and lowered their Price Target on the shares to $24 from $27.50, citing ‘slower growth in 2H and minimal…
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EconomyFeaturedfinancialGlobal NewsInvestmentUS
Dow futures fall 230 pts; Brainard speech, jobless claims, Netflix in focus
by Michael Loweby Michael LoweU.S. stocks are seen opening lower Thursday, continuing the previous session’s selloff ahead of the release of widely-watched economic data, speeches from Federal Reserve policymakers and important corporate earnings. At…
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EconomyFeaturedfinancialfortofolioGlobal NewsInvestmentNewsUSWorld News
U.S. stocks were falling as investors await Fed’s beige book
U.S. stocks turned lower on Wednesday despite economic data on retail sales and producer prices that eased fears about interest rate hikes. At 11:10 ET (16:10 GMT), the Dow Jones Industrial…
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EconomyFeaturedfinancialGlobal NewsInvestmentLifestyleNewsWorld News
Stocks and oil slide on rekindled recession worries
Stocks and oil prices dipped on Thursday after weak U.S. consumer data rekindled global recession worries, while Japan’s yen reared up again as traders took fresh punts that the Bank…
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EconomyFeaturedfinancialGlobal NewsInvestmentNewsUSWorld News
Stocks fall after data showing a cooling economy
U.S. stocks were falling on Wednesday as investors studied data that showed the economy was cooling. At 12:56 ET (17:56 GMT), the Dow Jones Industrial Average was down 429 points or 1.3%,…
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European stocks lower on recession fears; Boohoo slumps
European stock markets fell Thursday, following the weaker global sentiment as investors fretted about the possibility of a recession this year. At 04:10 ET (09:10 GMT), the DAX index in Germany traded…