Wendy’s, Coinbase, Buzzfeed and more

Wendy’s, Coinbase, Buzzfeed and more

Check out the companies making headlines before the bell: Wendy’s (WEN) – Wendy’s shares fell 1% in premarket trading after a mixed quarter, which saw the restaurant chain report better-than-expected earnings while revenue fell short of Street forecasts. U.S. same-store sales rose 2.3%, less than analysts had estimated, as consumers spent more cautiously. Coinbase (COIN) … Read more

Stock futures flat as investors brace for July inflation report

Stock futures flat as investors brace for July inflation report

Stock futures were little changed early Wednesday as investors eagerly awaited a key inflation report due out on Wednesday. Dow Jones Industrial Average futures were flat. S&P 500 and Nasdaq 100 futures were slightly lower. The moves come after the S&P 500 and Nasdaq fell for a third straight day on Tuesday. The Nasdaq Composite … Read more

Most electric vehicles will not qualify for the federal tax credit

Most electric vehicles will not qualify for the federal tax credit

DETROIT (AP) — A tax credit of up to $7,500 could be used to cover the cost of an electric vehicle under the Cut Inflation Act that is currently heading toward final congressional approval . But the auto industry warns that the vast majority of electric vehicle purchases will not qualify for such a large … Read more

Attention turns to US inflation and Fed outlook

Attention turns to US inflation and Fed outlook

LONDON — European markets were slightly lower on Tuesday as attention in global markets turns to a key print of US inflation expected on Wednesday. The pan-European Stoxx 600 slid 0.3% by mid-morning, with travel and leisure stocks shedding 1.2% to lead the losses while insurance stocks gained 0.5%. Investors are trying to gauge the … Read more

High-quality stocks oversold as market headwinds fade

High-quality stocks oversold as market headwinds fade

The S&P 500’s blistering streak continues after a third straight week of gains and a 9.1% rise in July. Add to that a better-than-expected earnings season and strong economic data, and the market could be poised to move on from a dramatic first half. That’s certainly a view shared by Morningstar’s chief US market strategist, … Read more

Stock futures rise slightly as Wall Street awaits inflation data

Stock futures rise slightly as Wall Street awaits inflation data

Traders on the floor of the NYSE, August 1, 2022. Source: NYSE U.S. stock futures edged higher on Tuesday morning after Wall Street weighed the outlook for chip stocks, and anticipated more earnings results and inflation data that will determine the pace of future rate hikes of interest. Dow Jones Industrial Average futures added 62 … Read more

The FAO Food Price Index fell sharply in July, but the respite may not last

The FAO Food Price Index fell sharply in July, but the respite may not last

Farmers harvest a wheat field near Melitopol in Ukraine. Wheat, soybean, sugar and corn futures have fallen from their March highs to prices seen in early 2022. Olga Maltseva | AFP | Getty Images According to the latest figures from the Food and Agriculture Organization of the United Nations, food prices fell significantly in July … Read more

Stock futures rise after S&P 500’s third straight winning week

Stock futures rise after S&P 500’s third straight winning week

Stock futures rose Monday morning after the S&P 500’s third consecutive weekly gain, as investors focused on a key inflation report this week. Dow Jones Industrial Average futures gained 139 points or 0.4%. S&P 500 and Nasdaq 100 futures rose 0.5% and 0.6% respectively. Monday’s gain followed a weekly rise in the S&P 500 and … Read more

Treasury yields in focus after strong job growth data

Treasury yields in focus after strong job growth data

U.S. Treasury yields fell on Monday after surprisingly strong jobs data raised the likelihood of aggressive rate hikes by the Federal Reserve. The yield on the benchmark 10-year Treasury fell 4 basis points to around 2.7993%, while the yield on the 30-year Treasury fell 2 basis points to 3.0383%. Yields move inversely to prices and … Read more

Why the best states for business may be the worst for workers

Why the best states for business may be the worst for workers

Businesses aren’t afraid to pick up and move. Many states offer businesses attractive incentives such as tax cuts if they move, but a better business climate doesn’t always equal a better work climate. “Things that benefit employers in terms of bottom line or margin, in terms of economic expansion, can directly conflict with things that … Read more