Insider buying is surging. Why it may not signal a market bottom

Stock buying by corporate insiders has risen sharply in May, but retail investors may want to hold out a little longer before following their lead. Through May 23, the ratio of insider buy-to-sell value was at its highest monthly level since March 2020, according to data from The Washington Service. The number of inside buyers … Read more

Chinese jet aborts takeoff, catches fire

A plane of Tibet Airlines taxis on a runway on January 9, 2020 in Lhasa, Tibet. He Penglei | China News Service | Getty Images China’s Tibet Airlines said all passengers and crew had been evacuated from an Airbus A319 plane that caught fire after an aborted takeoff in the southwestern city of Chongqing on … Read more

Shanghai by the numbers: China’s Covid lockdowns

The Huangpu River splits the Chinese city of Shanghai between the older settlement on the west and the newer, financial center on the east. Johannes Eisele | Afp | Getty Images China’s latest wave of Covid restrictions has forced millions of people – roughly three times as many as live in New York City – … Read more

Campbell Soup, Express, Thor Industries and others

Check out the companies making headlines before the bell: Campbell Soup (CPB) – The food producer matched estimates with adjusted quarterly earnings of 69 cents per share, and revenue essentially in line with forecasts as well. Campbell’s adjusted gross margins slid 340 basis points due to cost inflation. It said demand trends are strong and … Read more

Airbus plans to test hydrogen engine on A380 jumbo jet to fly mid-decade

Airbus hydrogen A380 demonstrator Airbus hydrogen A380 demonstrator Airbus said it plans to test a hydrogen-powered engine on a modified A380 by the middle of the decade, in hopes of bringing lower-emissions fuels to commercial air travel. The European aircraft giant said Tuesday that it’s working with engine-maker CFM International – a joint venture of … Read more