The global tally of confirmed cases of the coronavirus-borne illness COVID-19 edged closer to 160 million on Wednesday, as an independent panel said the crisis was preventable if world leaders had better coordinated their response and moved faster to limit illness and deaths. The Independent Panel for Pandemic Preparedness andRead More →
The Dow Jones Industrial Average hit a milestone at 35,000, marking the latest in a string of all-time highs Monday as the broader market saw a mixed performance, with the tech-heavy Nasdaq Composite down sharply as high-profile Big Tech shares tumbled. What are major indexes doing? The Dow DJIARead More →
© Reuters. FILE PHOTO: A man walks past a stock quotation board at a brokerage in Tokyo, Japan February 26, 2021. REUTERS/Kim Kyung-Hoon By Wayne Cole SYDNEY (Reuters) – Asian shares were trying to avoid a fourth straight session of falls on Wednesday as U.S. stock futures steadied inRead More →
Wealthy investor Mike Novogratz says that the run-up in dogecoin is a reflection of the disenchantment of younger investors in the current state of financial markets and the economy and cautioned that trying to bet on the parody coin at these current levels is dangerous. “It is dangerous beingRead More →
© Reuters. FILE PHOTO: Construction continues on the Foxconn manufacturing complex in Mt. Pleasant 2/2 By David Shepardson and Karen Pierog WASHINGTON (Reuters) -Taiwan electronics manufacturer Foxconn is drastically scaling back a planned $10 billion factory in Wisconsin, confirming its retreat from a project that former U.S. President DonaldRead More →
Bitcoin prices were sinking into correction territory Sunday morning, marking the sharpest slide for the digital asset since February, coming on the heels of what has been a remarkable stretch for the crypto industry. At last check, bitcoin prices BTCUSD, -14.69% late-morning Sunday were at $55,773.11 down nearly 14%Read More →
Nvidia Corp.’s stock traded at record highs Tuesday as analysts hiked price targets and applauded the chip maker’s plans to branch out into its rivals’ territory. Nvidia NVDA, +1.45% shares hit a new intraday record high of $625.40 Tuesday, squashing the previous record of $614.90 set in February andRead More →
U.S. stocks held minor gains Wednesday midmorning in muted trade ahead of the release of minutes from the Federal Reserve’s March policy meeting which may offer clues on the central bank’s strategy if the economic rebound from the coronavirus pandemic runs too hot. How are stock benchmarks trading? TheRead More →
As the U.S. faces calls to share excess COVID-19 vaccine doses with less-wealthy countries, a new study suggests Americans have differing views on the appropriate levels and timing of so-called vaccine diplomacy. Older people in a survey of 788 U.S. adults were less likely to support higher levels ofRead More →
© Reuters. FILE PHOTO: A man stands on an overpass with an electronic board showing Shanghai and Shenzhen stock indexes in Shanghai By Alwyn Scott and Scott Murdoch NEW YORK (Reuters) – Asian shares were mixed early Tuesday as global investors shook off worries about a hedge fund defaultRead More →
© Reuters. FILE PHOTO: The Goldman Sachs company logo is seen in the company’s space on the floor of the NYSE in New York (Reuters) – Large block trades on Friday causing a wave of selling in a clutch of companies were driven by sales of more than $10Read More →
The company may have included “outdated information” in U.S. trial results for its COVID-19 vaccine, providing an “incomplete view of the efficacy data,” a U.S. federal health agency said in a highly unusual statement released after midnight. AstraZeneca AZN, -2.48% AZN, -3.10% said Monday that interim data from aRead More →
© Reuters. FILE PHOTO: A Boeing plane sits on the tarmac at the Boeing South Carolina Plant in North Charleston, South Carolina, United States By Eric M. Johnson and David Shepardson SEATTLE/WASHINGTON (Reuters) – A U.S. Federal Aviation Administration decision to bring in-house final checks on four Boeing (NYSE:)Read More →
On paper, it checks all the boxes. It provides a defined amount of income in retirement that’s adjusted to a standard-of-living index. You get to contribute as much or as little as you want toward your retirement nest egg. And there’s liquidity and transparency. The only problem? This near-perfectRead More →
An executive order signed by President Biden could wind up cooling the real estate market in places where it’s been hot. Or at least appears to be. Why “appears”? I’ll get to that in a second. The president ordered federal agencies to post scientific data and analysis on websites likeRead More →
Amazon warehouse workers in Alabama got a surprise ally in US Sen. Marco Rubio, with the conservative lawmaker revealing on Friday that he supports their efforts to unionize. The Republican senator from Florida published an op-ed in USA Today that accused Amazon AMZN, -0.77% of waging “a war against working-class values”Read More →
© Reuters. A man wearing a protective face mask walks past a screen displaying a graph showing recent Nikkei share average outside a brokerage, amid the coronavirus disease (COVID-19) outbreak, in Tokyo By Hideyuki Sano TOKYO (Reuters) – Global stock prices were off to a solid start while U.S.Read More →
We are well into tax season, and ordinarily I would say it’s time to get serious about filing your 2020 Form 1040 if you’ve not already done so. But so far, 2021 has not been much more ordinary than 2020, the year we would all like to forget. Now,Read More →
It’s been a year since the pandemic first blindsided the U.S., turning many jobs, forms of schooling and ways of socializing into stay-at-home events. But it’s only about 11 months since the new bull market for the S&P 500 started. That’s one of two key reasons why analysts atRead More →
By Aishwarya Venugopal and Melissa Fares (Reuters) – Macy’s Inc (NYSE:) forecast 2021 sales largely above Wall Street estimates on Tuesday as the retailer bets on its growing online business and on the COVID-19 vaccine rollouts allowing customers to return to its department stores after pandemic curbs. The upbeat outlookRead More →
The family of a 20-year-old trader who killed himself after seeing a massive negative balance in his account sued online brokerage Robinhood for wrongful death on Monday. The parents and sister of Alex Kearns said Robinhood preys on inexperienced traders and that the company’s “misleading communications” caused him toRead More →
The S&P 500 earnings recession is now set to end, as bottom-line results for the fourth quarter have swung to growth for the first time in a year as more companies are beating expectations, by bigger margins, than usual. The fourth-quarter earnings reporting season is not yet half over,Read More →
Apple Inc. attracted more than $33 billion worth of orders for its new $14 billion debt deal on Monday, underscoring the continued scramble for all things tied to the smartphone and computer giant. The six-tranche Apple AAPL, +1.65% debt deal included mostly bonds rated Aa1 and AA+ that matureRead More →
© Reuters. FILE PHOTO: The welcome screen for the Robinhood App is displayed on a screen By Imani Moise and Medha Singh (Reuters) – James Villalobos, a communications consultant for an insurance company in New York, downloaded the Robinhood online brokerage app back in September. He was hesitant aboutRead More →
A mania is under way on Wall Street that is being heralded by some as a revolution of individual investors against pros, but there are concerns that the recent flurry of activity — powered by traders using forums on platforms such as Reddit and Discord — signals a topRead More →
