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Stock futures extend gains following Tuesday’s rally

Stock futures extend gains following Tuesday’s rally

Finance
U.S. stock futures suggested the market would continue to move higher on Wednesday, following a big rally in the previous session that was fueled by a growing belief the worst may be over for the world's largest economy.Dow futures indicated a gain of about 70 points at the open. S&P 500 and Nasdaq-100 futures also pointed to a higher open.U.S. equities rallied on Tuesday, helped by a bevy of bullish news, including a historic jump in retail sales. The U.S. government reported a record 17.7% increase in retail sales for May. Stocks were also helped by a Bloomberg News report that the Trump administration is preparing a near $ 1 trillion infrastructure bill. Positive trial results showed dexamethasone — a widely available drug — can help critically ill coronavirus patient
US stock futures are flat following back-to-back rallies on Wall Street

US stock futures are flat following back-to-back rallies on Wall Street

Finance
The New York Stock Exchange (NYSE) is seen in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, April 26, 2020.Jeena Moon | ReutersU.S. stock futures were little changed on Monday after Wall Street posted consecutive rallies to end last week amid the prospects of the global economy reopening soon.Dow Jones Industrial Average futures implied an opening loss of less than 50 points. S&P 500 and Nasdaq 100 futures were also trading nearly flat. The S&P 500 gained more than 1% on Thursday and Friday, leading to the broader-market average's first weekly advance in three weeks. On Friday, investors shrugged off the biggest one-month job losses on record as expectations of an economic reopening outweighed the neg...
US stock futures rise slightly following Dow’s third-worst day ever

US stock futures rise slightly following Dow’s third-worst day ever

Finance
Traders and financial professionals work during the opening bell on the floor of the New York Stock Exchange (NYSE), May 14, 2019 in New York City.Drew Angerer | Getty ImagesStock futures opened higher on Monday night after Wall Street suffered massive losses earlier in the day amid concerns over the economic blow from the coronavirus outbreak.Dow Jones Industrial Average futures rose by 36 points, or about 0.2%. S&P 500 and Nasdaq 100 futures were also higher. The Dow Jones Industrial Average and S&P 500 had their worst day since the "Black Monday" crash of 1987, falling 12.9% and 12%, respectively. It was also the Dow's third-worst day ever. The Nasdaq Composite had its biggest one-day plunge ever, tumbling 12.3%.The Cboe Volatility Index — Wall Street's preferred fear
Tidjane Thiam quits as Credit Suisse CEO following spying scandal

Tidjane Thiam quits as Credit Suisse CEO following spying scandal

Finance
Credit Suisse CEO Tidjane ThiamFAFabrice Coffrini | AFP | Getty ImagesCredit Suisse CEO Tidjane Thiam is stepping down in the wake of a spying scandal, and will be replaced by Thomas Gottstein who currently heads the bank's Swiss unit.In a statement Friday morning, the board of directors said it had unanimously accepted Thiam's resignation, following the presentation of the Swiss lender's fourth-quarter and full-year results. Chairman Urs Rohner said Thiam has made an "enormous contribution" to the bank since he joined in 2015. He will step down on Feb. 14."Under Tidjane's leadership, Credit Suisse simultaneously repurposed our strategy, restored our capital, reduced our costs, de-risked our business, promoted diversity and engendered an exceptional level of co-operation between various di...
Scooter Braun’s family ‘received death threats’ following Taylor Swift feud

Scooter Braun’s family ‘received death threats’ following Taylor Swift feud

Entertainment
Music manager Scooter Braun says his family received "numerous death threats" after Taylor Swift said he was stopping her from playing her old hits.The star has been vocal in her disapproval of Braun since his company bought her back catalogue in June.She accused him of "incessant bullying", and said he had tried to sabotage an award show appearance.Braun had remained silent on the feud but said threats to his family had forced him to change his mind."I came home tonight to find my wife had received a phone call threatening the safety of our children" he wrote in an open letter to Swift, which appeared on his Instagram account.The 38-year-old also posted a screenshot of a text he'd received saying: "Why don't you just die with yo...