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 →
NASDAQ, HANG SENG, NIFTY 50 INDEX OUTLOOK: Nasdaq 100 faces an immediate resistance at the 20-Day SMA (11,170) after a decent rebound “AB=CD” pattern suggests Hong Kong’s Hang Seng Index (HSI) may rise after a heavy-selling week India’s Nifty 50 index looks well supported by its 200-Day SMA atRead More →
Demand for DeFi appears to be growing in China, although the recent sell-off quickly wiped out the $2 billion total value locked up in the decentralized finance (DeFi) space. Daily searches for “DeFi” on WeChat, China’s popular social media platform, soared to an all-time high of nearly 900,000 onRead More →
Target reported a record second quarter earlier Wednesday, with profits and comparable sales supported by market share growth and customer service options across its digital platform that drove shoppers to stores. target company TGT ,+12.65% . Net income totaled $1.69 billion, a record $3.35 per share, up from $938Read More →
Reuters. By Peter Nurse Investing.com – Wednesday morning in Europe, the US dollar weakened, with the Federal Reserve minutes in focus, while stronger-than-expected inflation boosted the pound. At 2:50 a.m. ET (0650 GMT), the dollar index, which tracks the dollar against a basket of six other currencies, was downRead More →
© Reuters. By Gina Lee Investing.com – The dollar was up on Monday morning in Asia but saw gains capped as the U.S. economic recovery from COVID-19 slows down. The that tracks the greenback against a basket of other currencies gained 0.11% to 93.535 by 9:47 AM ET (2:47Read More →
DXY sticks to the daily recovery although below the 94.00 mark. Markets’ sentiment keeps favouring the safe haven demand on Tuesday. S&P/Case-Shiller Index came in below estimates at 3.7% in May. The greenback, in terms of the US Dollar Index (DXY), remains on the positive note around the 93.70Read More →
Reuters By Peter Nurse Investing.com – The Dollar pushed European trade higher in early trading Friday, helped by its safe-haven status, as coronavirus cases continue to rise in the U.S. and unemployment data indicates a slow recovery in the labor market. At 3:15 a.m. (715 GMT), the U.S. dollar,Read More →
U.S. stocks ended higher Friday, with support attributed in part to optimism over a coronavirus treatment as investors attempt to gauge the threat to the economic outlook from a rise in COVID-19 cases. How did benchmarks perform? The Dow Jones Industrial Average DJIA, +1.43% rose 369.21 points, or 1.4%,Read More →
© Reuters. By Yasin Ebrahim Investing.com – The Nasdaq surged Friday after hitting an intraday all-time high, as unexpected job gains raised hopes for an economic comeback and prompted investors to raise their bets on big tech. The surged 2.25% to a record high intraday, closing just below its previous all-timeRead More →
© Reuters. The spread of the coronavirus disease (COVID-19) in New York By Shreyashi Sanyal and Devik Jain (Reuters) – A jump in Boeing shares lifted Wall Street on Wednesday, with investors remaining optimistic about an economic rebound from a coronavirus-led slump amid continuing social unrest in the country. BoeingRead More →
As world governments push through legislation to levy taxes on capital gains from bitcoin (BTC) transactions, seeking to earn more from an asset class that frowns on regulatory oversight, there are still a few countries that remain pro-crypto, allowing investors to buy, sell or hold digital assets at zero taxes.Read More →
Stocks on Wall Street plunged Monday, but futures trading suggests a rebound — or a least a respite — on Tuesday. Dow Jones Industrial Average futures YM00, +0.61% rose more than 200 points on Tuesday, while S&P 500 futures ES00, +0.70% gained 0.8% and Nasdaq Composite futures NQ00, +0.98%Read More →
© Reuters. Traders work on the floor at the NYSE in New York By Sruthi Shankar (Reuters) – U.S. stock index futures edged higher on Friday, as a strong forecast from chipmaker Intel and encouraging business activity data out of Europe lifted the mood as investors tracked latest developments relatedRead More →
U.S. stocks recovered from overnight losses to touch new records midday Wednesday, after remarks by President Trump suggested the U.S. and Iran were refraining from further military action in the aftermath of attacks on U.S. bases overnight in retaliation for last week’s killing of Maj. Gen. Qassem Soleimani by AmericanRead More →
U.S. stock indexes again set records Friday, after encouraging U.S. economic data and optimism about international trade deals helped end the decade’s last full week of trading on a high note. The benchmark S&P 500 index rose for seven of the last eight days and has now risen for fourRead More →
It has been a notably strong year for U.S. equity markets, and that strength is compelling investors to wonder wether this powerful ascent will translate into a down market in 2020. However, if statistics over the past 70 years hold true, next year is likely to produce healthy, if notRead More →
© Reuters. Investing.com – Stocks moved very slightly higher for a sixth-straight day, perhaps because of the uncertainty caused by the House vote on impeaching President Donald Trump. The , , and indexes hit intraday highs before the gains faded. The Nasdaq and Nasdaq 100 Indexes rose about 0.05% each.Read More →
© Reuters. A passerby walks past an electronic boards Japan’s Nikkei average, the Dow Jones Industrial Average and foreign exchange rates outside a brokerage in Tokyo By Tom Westbrook SYDNEY (Reuters) – Asian shares gained on Tuesday, but a lack of detail about the Sino-U.S. trade deal tempered some ofRead More →
Biotechnology stocks are hot. New developments in clinical trials and drug approvals have become commonplace. And buyouts of biotech stocks at high premiums are increasing. Here is how to get your share of the outsized gains that are being generated. Let’s explore the issue with the help of two charts.Read More →
I’ve become aware that there’s still confusion out there about the current federal income tax rates on capital gains. We live to dispel such confusion. Here goes. The Tax Cuts and Jobs Act (TCJA) included many changes that affect individual taxpayers. However, it maintained the status quo for the taxesRead More →
© Reuters. Investing.com – Wall Street surged on Wednesday as investors snapped back from a trade-driven sell-off on reports that the U.S. and China are still closing in on a ‘phase-one’ deal, despite all appearances to the contrary. Bloomberg reported that U.S. officials still expect a phase one deal withRead More →
By Andrew Galbraith SHANGHAI (Reuters) – Asian equities rose on Friday after the S&P 500 index notched a new record closing high, but investor sentiment remained fragile following weak data from China and Germany, which reinforced concerns about the global economy. Early in the Asian trading day, MSCI’s broadest indexRead More →
By Andrew Galbraith SHANGHAI (Reuters) – Asian shares rose to 14-week highs on Monday as growing optimism over U.S.-China trade talks and upbeat U.S. job data boosted global investors’ appetite for riskier assets. MSCI’s broadest index of Asia-Pacific shares outside Japan () was up 0.2% in early trade, having earlierRead More →
By Alex Dobuzinskis LOS ANGELES (Reuters) – Firefighters began to get the upper hand on a destructive wildfire in a Southern (NYSE:) California farming region on Saturday, taking advantage of lighter winds as authorities let some evacuated residents return home. The Maria fire erupted on Thursday near the community ofRead More →
