The US is in a recession. Here's what that means

New York (CNN Business)Americans’ credit card debt is shrinking rapidly during the coronavirus recession. That’s a sharp contrast with the last two economic downturns. The amount of consumer revolving credit, which is mostly credit cards, plunged by another $24 billion in May, the Federal Reserve said Wednesday. This costly form of debt is down more […]

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Four Reasons Why Indonesia Bonds May Recover Mojo

Indonesian bonds have been stuck in a trading range over the past month but the convergence of several positive factors means their outlook is looking increasingly positive. Sovereign debt in Southeast Asia’s largest economy may lure investors due to the potential for hedging costs to move lower, the favorable balance of positioning, and their relatively […]

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5 things to know before the stock market opens Wednesday

U.S. stock futures were pointing to a higher open Wednesday, one day after Wall Street's sell-off that saw the Dow Jones Industrial Average break its two-session winning streak with a nearly 400 point, or 1.5%, decline. The S&P 500 and Nasdaq saw their five-session winning streaks end with roughly 1% declines. The Nasdaq's slip followed Monday's record high […]

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Stock futures flat following sell-off on Wall Street

U.S. stock futures were flat in overnight trading, following weakness in equities in the previous session.  Dow futures rose 40 points, indicating a gain of 0.16%. The S&P 500 and Nasdaq-100 also were set to open higher, with gains of 0.08% and 0.12%, respectively.  Zoom In IconArrows pointing outwards On Tuesday, the Dow Jones Industrial […]

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An investment chief who doubled 3 of her firm's ETFs within 3 years told us the most overlooked technological innovation on her radar — and shared the 3 stocks she's been snapping up since the pandemic started

Ark Invest's Genomic Revolution ETF is crushing the market this year, and investment chief and portfolio manager Cathie Wood says investors still haven't woken up to the potential of the technology. The ETF has rocketed more than 60% this year and more than doubled its value in the last three years. Wood also told Business […]

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