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 →
© 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 →
© Reuters. By Yasin Ebrahim Investing.com – The pound jumped against the dollar Wednesday as the U.K. and EU are set to resume Brexit talks after Britain welcomed the economic bloc’s desire to break the impasse in negotiations. rose 1.73% to $1.3129, its highest level since March. Post-Brexit tradeRead More →
Copyright Reuters. Illustrative photo of China’s RMB banknotes Written by Saikat Chatterjee LONDON (Reuters)–The performance gap between emerging market currencies and developed market currencies has been blown to the largest level in more than a decade, as falling interest rates, economic uncertainty and large-scale capital outflows have dampened investors’Read More →
By Christiana Sciaudone Investing.com — K12 (NYSE:) Inc. runs online public schools and, accordingly, business is booming. “The growth in enrollments that we’re seeing is shocking even to us,” Chief Executive Officer Nathaniel Davis said in a Zoom interview with Investing.com this week. Covid-19 stay-at-home mandates and school closuresRead More →
Reuters By Yasin Ebrahim Investing.com – The EUR appeared poised for a four-day winning streak on Thursday after the European Central Bank left its monetary policy unchanged, but the single currency could face a tough weekend as the EU prepares to discuss the €750 billion recovery plan. fell 0.25%Read More →
Reuters By Peter Nurse Investing.com – The EUR was in high demand in Europe’s early trading on Wednesday, hitting its highest level in four months after Federal Reserve Governor Lael Brainard hinted that an even easier monetary policy in the U.S. was needed. The dollar also suffered more broadlyRead More →
The number of confirmed cases of the coronavirus illness COVID-19 topped 10 million around the world and the death toll surpassed a half million over the weekend, and Florida, South Carolina and Nevada all recorded their highest number of new infections in a single day. Florida counted 9,585 new casesRead More →
© Reuters. Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the NYSE in New York By Medha Singh and Devik Jain (Reuters) – Wall Street’s main indexes were set open lowerRead More →
Over the past few months, India’s cryptocurrency market has continued to be in a constant state of flux. From crypto bans imposed by the country’s central bank to a historic ruling by its Supreme Court to lift that ban, for most onlookers it appears that India’s crypto market has experiencedRead More →
© Reuters. U.S. President Trump hosts Rose Garden event on treating diabetes at the White House during coronavirus disease (COVID-19) outbreak in Washington By Nandita Bose and David Shepardson WASHINGTON (Reuters) – U.S. President Donald Trump is expected to order a review of a law that has long protected internetRead More →
© Reuters. Tokyo Motor Show 2019 By Naomi Tajitsu TOKYO (Reuters) – Nissan (OTC:) Motor Co (T:) will unveil its plan to become a smaller, more cost-efficient automaker on Thursday as it looks to recover from four years of tumbling profits which are set to culminate in its first annualRead More →
U.S. stock futures fell sharply on Friday, a day after major benchmarks pushed into correction territory as investor fears heightened over just how much damage the fast-spreading coronavirus will wreak on the global economy. How are major benchmarks trading? Dow Jones Industrial Average futures YM00, -2.27% slid over 600 points,Read More →
MILAN (Reuters) – Mediaset (MI:) will submit revised plans to merge its Italian and Spanish broadcasting units (MC:) under a Dutch entity to authorities in the Netherlands, securing a six-month extension to complete the project, two sources familiar with the matter said. The extension could help the group deal withRead More →
BEIJING (Reuters) – The death toll from the new coronavirus in China’s Hubei province rose by 56 to 350 on Monday, Chinese state television reported citing official figures, as investors braced for volatility when Chinese markets reopen after the Lunar New Year break. There were another 2,103 cases detected inRead More →
By Aditya Kalra and Chandini Monnappa NEW DELHI/BENGALURU (Reuters) – India on Saturday raised taxes on imports of goods such as electronic items, toys and furniture, aiming to give impetus to domestic manufacturing in a move that will hit Sweden’s IKEA and other foreign firms. The measures, announced by FinanceRead More →
For the first time, Uber UBER, +0.43% is allowing drivers to have control over the fares they charge riders. But given the fierce competition across ride-hailing apps, industry experts say this could lead to a price-cutting battle between drivers vying for riders. Uber said on Tuesday it is testing theRead More →
LONDON (Reuters) – Britain will bring to an end the Northern Rail franchise run by Deutsche Bahn’s Arriva due to its “completely unacceptable” performance, Transport Minister Grant Shapps said on Thursday. Shapps told BBC TV he was no longer willing to tolerate the high level of delays and cancellations sufferedRead More →
By Hideyuki Sano TOKYO (Reuters) – A proposed overhaul of the Tokyo Stock Exchange could set a minimum market capitalization requirement of 10 billion yen ($91 million) in free-floating stock for the bourse’s “prime market”, according to a draft proposal released on Tuesday. Liquidity and governance, not just market capitalization,Read More →
Tapas for toddlers? This Fisher-Price charcuterie-board play set has a lot of tongues wagging, with one viral tweet asking “what kind of fancy a— child” has such refined taste. Among the Mattel MAT, +2.14% brand’s toys available for the holidays this year is the $19.99 “Snacks for Two” set. TheRead More →
© Reuters. Asia Stocks Set for Mixed Start; Dollar Advances: Markets Wrap (Bloomberg) — Asian stocks were set to open mixed Wednesday as investors take a breather after the partial U.S.-China trade deal that sent global equities close to record highs. The dollar gained while 10-year Treasuries were steady. FuturesRead More →
Boris Johnson has won the U.K. election and is set for the biggest majority since Margaret Thatcher. News of the predicted win sent the pound sharply up and is likely to see markets rise. Johnson’s Conservative party is on course for 368 seats, which would give him a majority ofRead 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 →
(Bloomberg) — Asian stock futures slumped Tuesday after a sell-off on Wall Street triggered by fresh tariffs announced by President Donald Trump, renewing concerns about global trade tensions. Japan’s currency held gains after its biggest jump since October on Monday in wake of Trump slapping steel tariffs on Brazil andRead More →
By Arjun Panchadar (Reuters) – Wall Street’s main indexes were set to open flat on Tuesday after closing at record highs in the previous session, with a handful of retailers reporting mixed results ahead of the latest batch of consumer confidence data. Trade issues remained in focus after Beijing saidRead More →
