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

Stock futures are lower after big market reversal to start May

US stock futures moved lower Monday night after the major averages staged a big reversal to start the month. Dow Jones Industrial Average futures fell 57 points, or 0.2%. S&P 500 and Nasdaq 100 futures dipped 0.2% and 0.3%, respectively. Earlier in the day, the major averages posted a wild up-and-down session with the Nasdaq … Read more

Twitter, Starbucks, Tesla and more

Andrew Burton | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Twitter – The social media company soared 26.6% after a filing revealed that Elon Musk has taken a 9.2% passive stake in the firm, worth about $ 2.9 billion. The purchase came weeks after the Tesla CEO … Read more

Starbucks’ New York City Reserve Roastery becomes the 9th cafe to unionize

Employees serve customers at a newly opened Starbucks’ Reserve Roasteries in the Meatpacking District on on December 14, 2018 in New York City. Spencer Platt | Getty Images Starbucks baristas at its New York City Reserve Roastery voted 46-36 in favor of forming a union on Friday, dealing a blow to incoming interim CEO Howard … Read more

Amazon workers just voted to join a union – here’s what happens next

A demonstrator during the vote count to unionize Amazon workers outside the National Labor Relations Board offices in New York, US, on Friday, April 1, 2022. Jeenah Moon | Bloomberg | Getty Images Amazon workers on New York’s Staten Island just made history, becoming the first group to vote in favor of unionizing at a … Read more

Dow industrials surge more than 400 points with investors focused on Fed’s first interest-rate hike in 4 years

US stocks climbed on Wednesday, extending the previous session’s rally, as traders awaited a monetary-policy decision from the US Federal Reserve. Investors also watched Ukraine-Russia developments, as Ukrainian President Volodymyr Zelensky delivered a historic address to the US Congress, calling for support from America to defend itself against attacks from Moscow. What’s happening The Dow … Read more