SINGAPORE/NEW YORK (Reuters) – hit a fresh high on Saturday, extending a two-month rally that took its market capitalization above $1 trillion on Friday. The world’s most popular cryptocurrency rose to a record $57,553, taking its weekly gain to around 20%. It has surged nearly 100% this year. Bitcoin’s gainsRead More →
United Airlines Holdings Inc. late Tuesday reported a billion-dollar quarterly loss, giving investors a look into financials thoroughly wrecked by the pandemic and the near standstill on air travel. United UAL, +2.28% said it lost $1.6 billion, or $5.79 a share, in the second quarter, contrasting with a profitRead More →
Bitcoin (BTC) miners may have started selling coins once more as data shows two mining pools release over 7,000 BTC in a single day. The figures, from on-chain monitoring resource CryptoQuant, came hours before BTC/USD abruptly fell back to $9,500 on June 24. Poolin nears outflow all-time high The miningRead More →
The COVID-19 outbreak brought waves of new users to Zoom Video Communications Inc. and Slack Technologies Inc., but this week we find out how many are actually paying for the services, and how much it is costing the companies to support them. Zoom ZM, +13.74% will report quarterly earnings TuesdayRead More →
© Reuters. Chairman Rohner of Credit Suisse takes part at the Swiss International Financial Forum in Rueschlikon ZURICH (Reuters) – Credit Suisse (SIX:) will not take a significant hit from its exposure to the battered oil and gas sector, Chairman Urs Rohner told Swiss state broadcaster SRF on Saturday. GlobalRead More →
Automobile-loan delinquencies are at a record high, but experts say this may not impact your ability to get a loan for your car purchase. In the fourth quarter of 2019, the outstanding balance on automobile loans and leases hit a record high of $1.33 trillion, according to data from theRead More →
© Reuters. U.S. Stocks Hit by Renewed Coronavirus Jitters: Markets Wrap (Bloomberg) — U.S. equities declined on Thursday alongside European stocks as officials in China deployed a revised methodology to diagnose the coronavirus, sending the number of confirmed cases soaring. The Index opened lower, a day after hitting fresh records,Read More →
Americans’ credit scores continue to improve. But credit scores don’t tell the whole story of how consumers are faring financially. A new report from Experian EXPN, +1.15% found that the average FICO Score in the U.S. reached an all-time high in 2019 of 703, up from 701 a year earlierRead More →
Many Americans — some more than others — are putting hard-earned money toward bank fees, according to research released this month. Millennials, racial minorities and people living in the Northeast pony up more in bank fees than other groups, according to a survey by the personal-finance and credit-card recommendation siteRead 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 →
It’s always useful to have a sense of Middle Eastern history, as financial markets swirled following the news of the U.S. airstrike that killed a prominent Iranian general in Baghdad. So let’s go way back to…September, when an unprecedented drone attack on Saudi Arabia oil processing facilities cut the country’sRead More →
‘I’m looking forward to a great 2020. I mean, forecast-wise, I’m seeing closer to 3% real GDP growth than 2%. I’m seeing at least 32,000 on the Dow.’ Peter Navarro President Donald Trump’s trade adviser Peter Navarro is calling for a roughly 13% gain by the Dow Jones Industrial AverageRead More →
The Secure Act, which was signed earlier this month, changes the way beneficiaries will receive money from inherited retirement accounts, but not everyone is in danger of a big tax hit. The new rules say beneficiaries of qualified retirement accounts, such as individual retirement accounts and 401(k) plans, need toRead More →
By Shreyashi Sanyal (Reuters) – U.S. stock index futures touched new record highs on Monday, as President Donald Trump said over the weekend that the United States and China would “very shortly” sign their so-called Phase One trade pact. The Phase One deal, announced earlier this month, helped fuel aRead More →
While you’re shopping for deals on holiday gifts, remember this is a great time to find stock market bargains. Investors have big gains this year, with the S&P 500 Index SPX, +0.06% up nearly 30% including dividends. Some are now looking to sell losers to ring up losses to offsetRead More →
© Reuters. Amin H. Nasser, President and CEO of Aramco, attends the official ceremony marking the debut of Saudi Aramco’s initial public offering (IPO) on the Riyadh’s stock market, in Riyadh DUBAI (Reuters) – Saudi Aramco’s (SE:) share price jumped 10% for the second consecutive day, hitting 38.7 riyals ($10.32)Read More →
© Reuters. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. By Arjun Panchadar and Shreyashi Sanyal (Reuters) – The blue-chip Dow Jones index came under pressure from losses in Boeing and Home Depot on Wednesday, while the S&PRead More →
© Reuters. Investing.com – On Thanksgiving Day, bulls will surely be thankful for a decent economy and low interest rates that have combined to push stocks to new highs. The , , and hit all-time highs and closing highs on a quiet day of trading. U.S. markets will be closedRead More →
© Reuters. Traders work on the floor at the NYSE in New York By Arjun Panchadar (Reuters) – The S&P 500 and the Nasdaq indexes hit record highs on Monday, as a report that the United States and China were nearing a trade truce sparked a rally in Apple andRead More →
© Reuters. Malaysia Airlines airplanes are pictured on the haze-shrouded tarmac at Kuala Lumpur International Airport in Sepang By Liz Lee and Joseph Sipalan KUALA LUMPUR (Reuters) – Malaysia Airlines (MAS) said on Tuesday some codeshare agreements with partners on routes to and from the United States could be disrupted,Read More →
© Reuters. Investing.com — Here is a roundup of regulatory news releases from the London Stock Exchange on Monday, 4th November. Please refresh for updates British Airways’ parent International Consolidated Airlines Group (LON:) said it had agreed to buy Spanish long-haul specialist Air Europa for 1 billion euros ($1.11 billion)Read More →
Getty Images Has the U.S. economy turned the corner? Hit the road to recovery? Regained its mojo? Let’s not get ahead of ourselves. A strong employment report for October on Friday, eased some of the anxiety over the economy. The U.S. added a better than expected 128,000 new jobs lastRead More →
© Reuters. A trader works on the floor at the NYSE in New York By Arjun Panchadar (Reuters) – Wall Street’s main indexes climbed on Friday, as concerns over global growth were allayed by largely upbeat U.S. jobs report and data out of China that showed factory activity expanded atRead More →
© Reuters. By Geoffrey Smith Investing.com — Europe’s stock markets retreated in early trade on Tuesday after China responded vigorously to the U.S.’s decision to blacklist some of its high-tech companies, casting an ever longer shadow over this week’s trade talks. China’s state broadcaster CCTV said it will stop showingRead More →
Happy Wednesday, MarketWatchers. Don’t miss these top stories: Personal Finance Harvard discrimination ruling suggests high schools may hinder Asian-American applicants Ruling says teachers’ and guidance counselors’ weaker personal recommendations may hurt Asian-American applicants’ chances. Male surgeons are paid more than female surgeons, even in fields like gynecology Women also hadRead More →
