U.S. equity futures traded higher to end the week, despite concerns over higher interest rates.Oil is heading for a steep weekly decline.Brent crude futures traded around $90.00 a barrel.St Louis Fed President James Bullard was the latest Fed official to push back on market hopes for a pause in interest rate hikes, saying the funds rate needs to rise to at least 5-5.25% to curb inflation, from 3.75-4% currently.On Thursday, the S&P 500 declined to 3,946.56.
Gap shares are gaining 7% in premarket trading after the retailer beat Wall Street estimates for quarterly sales and posted a profit. Troubled cryptocurrency firm FTX updated its bankruptcy filing in Delaware on Thursday, and the document is chock-full of new insights into the chaotic and questionable business practices that occurred under the leadership of former CEO Sam Bankman-Fried.
There is no question Elizabeth Holmes will serve time in federal detention, it's a matter of how long and where.
Did DavidAsmanfox just quote Lyndon Larourche subbing for Cavuto? I'm old enough to remember who wrote the book 'There are no limits to growth'. Great job keeping the boomers awake David.
Varneyco Come on, Stuart! Why isn't your lower screen news crawler listing Nasdaq prices? It shows the DOW and S&P but not Nasdaq. It even shows FTSE and CAC! Are they more important that Nasdaq?!?!
How is SBF not in federal prison?
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