In this file photo taken on August 8, 2020, a nurse shows a COVID-19 coronavirus vaccine produced by Chinese company Sinovac Biotech at São Lucas Hospital in Porto Alegre, southern Brazil. silvio avila/Agence France-Presse/Getty Images The election relief rally has been interrupted by the COVID-19 vaccine rotation. For twoRead More →
© Reuters. The U.S. flag covers the front facade of the NYSE in New York By Medha Singh and Shivani Kumaresan (Reuters) – The S&P 500 was set to open lower on Tuesday as excitement over signs of a first successful late-stage COVID-19 vaccine trial faded, while investors continuedRead More →
With President-elect Joe Biden’s victory, tens of millions of Americans are feeling relieved, thankful, celebratory, or some combination of these emotions. But tens of millions of other Americans are anguished and despondent. It’s essential to recognize that elections are not football games. Opponents are not our enemies. For those who celebrate,Read More →
The U.S. death toll from the coronavirus illness COVID-19 rose above 231,000 on Monday with cases rising in 42 states, as President Donald Trump continued to criticize a key infectious-disease expert and even hinted he might fire him if he wins Tuesday’s presidential election. Dr. Anthony Fauci, America’s foremostRead More →
Ray Dalio, the founder, chairman and co-chief investment officer of the world’s largest hedge fund firm, Bridgewater Associates, has had a rough 2020. Bridgewater’s flagship fund has been deeply negative, even as rival hedge funds managed to outperform the market, particularly during the initial turmoil from the coronavirus pandemic.Read More →
© Reuters By Yasin Ebrahim Investing.com – The Dow notched gains Thursday, led by value stocks like energy and financials, on hopes the economy is set to get a much needed fiscal boost after House Speaker Nancy Pelosi suggested an agreement on stimulus was nearing the finish line. TheRead More →
PayPal Chief Executive Dan Schulman said the company aims to “meaningfully contribute to shaping the role that digital currencies will play in the future of global finance and commerce.” PayPal PayPal Holdings Inc. plans to allow customers to buy cryptocurrency through their accounts and use cryptocurrency for merchant payments.Read More →
Chalk this up to another way the rich are different from you and me. When wealthy people think about how much of their investment portfolio should be in equities, the most-cited factor influencing their decision is advice from their financial adviser. When investors from all rungs of the incomeRead More →
Reuters. People wearing protective masks after a coronavirus outbreak are reflected on a screen displaying the Nikkei index outside a brokerage firm in Tokyo. By Scott Murdoch and Suzanne Barlyn. HONG KONG/NEW YORK (Reuters) – Asian stocks slipped on Tuesday, refreshing Wall Street’s stronger lead, as China’s post-holiday rallyRead More →
Chapel Hill, N.C. – We can stop debating whether the stock market has become more disconnected from the economy. True, according to an academic study just completed by Rene Stulz, a professor of banking and monetary economics at The Ohio State University, and Frederik Schlingemann, a professor of financeRead More →
Reuters. Jason Ramshaw demonstrates the Cat Command remote control console at the Caterpillar Construction Industries EAME sales conference in Malaga. 2/4 By Rajesh Kumar Singh CHICAGO (Reuters) – The question. How does a company like Caterpillar (N:N) deal with declining sales of bulldozers and trucks in an epidemic inRead More →
© Reuters. FILE PHOTO: The New York Stock Exchange is pictured in the Manhattan borough of New York City By Stanley White TOKYO (Reuters) – Stock markets rose on Monday on hopes that President Donald Trump could be discharged from hospital later in the day, easing some of theRead More →
Reuters. Infographic. Intel’s logo at E3 The world’s largest video game industry conference is in Los Angeles. By Stephen Nellis CHANDLER, Ariz. (Reuters) – Intel Corp (Nasdaq:) said on Friday it had won a contract for the second phase of a project to help the U.S. military make moreRead More →
U.S. stock indexes rebounded from early losses on Friday but traded mostly lower as investors reacted to a weaker-than-expected September jobs report and news that U.S. President Donald Trump and first lady Melania Trump had tested positive for the coronavirus. The president and his wife will need to beRead More →
A customer refuels a car at a Shell petrol station in Etlham, southeast London on September 30, 2020. ben stansall/Agence France-Presse/Getty Images Oil prices were hit by a double whammy on Friday, with news that President Donald Trump said he has contracted coronavirus adding to the industry’s concerns aboutRead More →
Following a $50 million capital raise and reverse merger, digital finance company Diginex’s stock has listed on the Nasdaq exchange under the ticker EQOS. Diginex is “the first Nasdaq-listed company that covers the full virtual currency ecosystem,” Diginex CEO Richard Byworth told Cointelegraph in an interview. “I think thisRead More →
Reuters. By Jonathan Stempel NEW YORK (Reuters) – U.S. prosecutors filed criminal charges on Thursday accusing four founders and executives of BitMEX, one of the world’s largest cryptocurrency derivatives exchanges, of evading rules designed to stop money laundering. The Justice Department charged Arthur Hayes, Samuel Reed and Benjamin Delo,Read More →
With all the rest of the news, it is easy to forget that the President’s proposal to delay the payment of social security contributions came into force on 1 September. Specifically, for employees earning less than $104,000, employers could stop withholding 6.2 percent of the employee’s share of socialRead More →
As speculation swirls around who President Trump will appoint as his third Supreme Court justice, political analysts have focused on the two contenders. Indiana appellate judge Amy Corny Barrett and Florida federal appellate judge Barbara Ragoa. Trump said Monday that he may have five appointees in mind for theRead More →
© Reuters. FILE PHOTO: A small toy figure is seen on representations of the virtual currency on a displayed European Union flag and the Facebook Libra logo in this illustration picture By Huw Jones LONDON (Reuters) – The European Union will introduce new rules within four years to makeRead More →
The legal representatives of tech company Nvidia have argued that its investors are not entitled to access its internal records regarding the “crypto craze” of 2017 and 2018. In a September 17 court hearing in Chancery, Delaware, lawyers for Nvidia argued that the plaintiffs have failed to show aRead More →
Until recently, most Americans believed that the United States should play a leading role on the global stage. However, the political landscape has changed. Only 53 percent of Americans now believe that taking an active role in the world is a good thing. Among Republican or Republican-leaning voters, thatRead More →
Gold futures climbed on Wednesday, with commodity investors positioning prices for a third straight rise ahead of a Federal Reserve statement that could prove mostly bullish for long-term metals investors. Investors expect the Fed to express continued support, even though the central bank won’t change interest rates from aRead More →
WASHINGTON, Sept 14 (Reuters) – The U.S. Postal Service’s voter outreach efforts drew a growing backlash on Monday as election officials in several states warned voters that the beleaguered agency was providing inaccurate information on how to vote in the Nov. 3 election. The statement from officials in West Virginia,Read More →
The impending sale of Arm Holdings Inc. to Nvidia Corp. for $40 billion could have broad implications for the global semiconductor industry, further boosting one of its highest fliers and lifting another major bet by SoftBank Group Inc. The Japanese technology group said late Sunday it had reached anRead More →
