Just one company began trading in the shortened week that marked the end of 2019. Three healthcare companies and a SPAC submitted initial filings. Chinese chemicals e-commerce firm Molecular Data (NASDAQ:MKD) priced at $5.38, below the midpoint of the $5 to $7 range, to raise $62 million at a $684Read More →
The January 1st, 2020, reinsurance renewal saw markets diverge, leading to wide variances in pricing and capacity across geographies and lines, while judicious reinsurers applied greater importance on relationships. As a result, the January renewal season concluded later than in recent years, according to Willis Re, the reinsurance broking armRead More →
U.S. stocks finished Tuesday trade with modest gains on low volumes ahead of the New Year holiday on Wednesday, closing out a banner year for Wall Street. What are major indexes doing? The Dow Jones Industrial Average DJIA, +0.27% closed up 76.30 points or 0.3%, at 28,538.44, while the S&PRead More →
By Lewis Krauskopf (Reuters) – The Nasdaq snapped an 11-day streak of gains on Friday after some late-session weakness, but the S&P 500 and the Dow scratched out record closing highs with slight gains as a year-end rally chugged along. With only two trading days left for the year, theRead More →
© Reuters. Iowa pension ends $386 million money management contract with Kenneth Fisher (Reuters) – A $34 billion Iowa pension plan on Friday said it will terminate an investment contract with Kenneth Fisher, whose alleged insensitive remarks about women has cost his firm more than $1 billion in assets underRead More →
© Reuters. Investing.com – Stocks ended about flat Monday. Shares had recovered from an opening slump, but the rally hit resistance as the S&P 500 neared 3,000. The finished off very slightly. The ended ahead 0.1% and the closed down 0.06%. The S&P 500 finished under 3,000 for a second-straightRead More →
Gold futures ended higher Wednesday for a third session in a row, then moved lower in electronic trading after the Federal Reserve announced a quarter-percentage point cut to a key interest rate, lifting the dollar and pressuring prices for the dollar-denominated yellow metal. Gold pulled back somewhat as the quarter-pointRead More →
© Reuters. Investing.com – Stocks finished the day little changed, but that might be good news. The market’s performance suggested some confidence. The finished down 0.07%. The was up 0.14% for its eighth-straight gain. The was off 0.22%, with the Index down 0.31%. And losses trimmed by the close. Meanwhile,Read More →
U.S. stocks closed lower Friday after President Donald Trump suggested that a near-term deal between the U.S. and China on tariffs was unlikely soon. However, equity indexes managed to claw back most of the sharp losses that commenced a turbulent five-day stretch for Wall Street. How did benchmarks perform? TheRead More →
NEW YORK (Reuters) – The S&P 500 recovered from steep early losses to end slightly higher on Wednesday as investors snapped up oversold shares and bond yields rebounded from significant lows that raised fears about a recession. Based on the latest available data, the fell 22.45 points, or 0.09%, toRead More →
Let’s just say sympathy is in short supply. In a clear example of extreme American consumerism, one profligate man, using the online handle Slavikfill, was looking for tips on how to stretch his household income of $500,000 a year when he posted his monthly budget on Reddit. “My wife andRead More →
Slack Technologies Inc. ended its first day on Wall Street worth nearly $20 billion, after the creator of a popular workplace-chat tool made its public debut via an unconventional route. The business-communications company began trading on the New York Stock Exchange in a direct listing, through which Slack WORK, +48.54%Read More →
U.S. stocks finished mostly lower Monday, with Nasdaq closing in correction territory, as the government stepped up scrutiny of technology giants for possible violations of antitrust law. The selloff in tech names comes as the yield on a key bond benchmark fell to a 20-month low, deepening a yield-curve inversionRead More →
Oil settled on a mixed note Monday, with U.S. crude gaining for the session but global benchmark prices giving up an earlier rise to finish lower. Traders weighed signs that the Organization of the Petroleum Exporting Countries will decide to extend its production-cut agreement following a committee meeting over theRead More →
© Reuters. Investing.com – Stocks ended higher Friday, despite uncertainty over trade after U.S. Treasury Secretary Steven Mnuchin said there were no further trade talks planned between the U.S. and China as of yet. The rose 0.44%, the gained 0.37%, while the added 0.08%. Mnuchin’s somewhat sobering message on tradeRead More →
A period of relative placidity in global markets has come to a screeching halt amid President Donald Trump’s elevated, and surprising, truculence on China tariffs, prompting strategists at Goldman Sachs to increase in their forecast the chances for an escalation of international trade tensions. Although the strategists believe there isRead More →
© Reuters. FILE PHOTO: Wynn Resorts Ltd property in Las Vegas (Reuters) – Casino operator Wynn Resorts Ltd said on Tuesday it terminated takeover discussions with Australia’s Crown Resorts. “Following the premature disclosure of preliminary discussions, Wynn Resorts has terminated all discussions with Crown Resorts concerning any transaction,” Wynn said.Read More →
© Reuters. Investing.com – Wall Street ended Monday mixed as uncertainty on a U.S.-China trade deal and concerns a second government shutdown looms weighed on sentiment. The fell 0.21%, the rose 0.07%, while the added 0.13%. A second round of trade talks between the U.S. and China got underway Monday,Read More →
Shares rose in Asia on Monday after President Donald Trump temporarily re-opened the U.S. government. Japan was the main regional outlier, as the Nikkei 225 index NIK, -0.60% lost 0.4% with uncertainty over China-U.S. trade talks bringing a lull in buying sentiment. Hong Kong’s Hang Seng index HSI, -0.14%Read More →
President Donald Trump backed down Wednesday night and said he would hold his State of the Union address after the government shutdown is over. “Nancy Pelosi asked me to give the State of the Union Address. I agreed. She then changed her mind because of the Shutdown, suggesting a laterRead More →
© Reuters. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo By Wayne Cole SYDNEY (Reuters) – Asian stocks crept higher on Monday as hints of progress on the Sino-U.S. trade standoff provided a rare glimmer of optimism in what has been a rough year-end forRead More →
