On Thursday evening, President-elect Joe Biden said he will call for $1,400 stimulus checks and more vaccine funds as part of a $1.9 trillion COVID-19 relief plan. “President-elect Biden announced a proposed relief and recovery package that provides relief that is commensurate with the scale of the economic challengeRead More →
Don’t bet on a “wall of cash” to come streaming into the stock market. Equity analysts have touted the $4.7 trillion held in U.S. money-market funds as a proxy for the excess cash held by investors that might make its way into stocks. Some money managers say they have keptRead More →
On Wednesday, the market valuation of all 5,000+ cryptocurrencies is worth around $277 billion after a few coins gathered decent gains during the morning trading sessions. Today, bitcoin is trading for over $9,783 per unit and many traders believe the asset will surpass $10K once again. However, there is aRead More →
How do you make $1.7 trillion disappear? A trade war is one way, a new report has found. A study by the Federal Reserve Bank of New York adds to previous findings that, despite pronouncements from the White House, Americans are paying — and paying stiffly — for the U.S.-ChinaRead More →
A historic week for the stock market ended with a big, fat question mark: what will the government and the Federal Reserve do about the coronavirus outbreak that threatens to decimate the longest-running bull market on record? The infectious disease, Covid-19, which reportedly originated in Wuhan, China, late last year,Read More →
© Reuters. Mastercard Inc. credit cards are displayed in this picture illustration By Lewis Krauskopf NEW YORK (Reuters) – Tech and internet titans were the first to reach $1 trillion in stock market value, but the next U.S. companies that could do so are better known for their plastic. SoaringRead More →
The market says Google parent company Alphabet Inc. is worth $1 trillion, but investors who have tried know that putting a sustainable valuation on this company is mighty difficult. Alphabet is a confusing company — even figuring out that $1 trillion market cap, which the company surpassed for the firstRead 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. India plans to invest $1.39 trillion in infrastructure to spur economy NEW DELHI (Reuters) – India will unveil a series of infrastructure projects this month as part of a plan to invest 100 trillion rupees ($1.39 trillion) in the sector over the next five years, the finance ministerRead More →
Saudi Aramco said it is aiming for a valuation of $1.6 trillion to $1.7 trillion from the planned initial public offering of the state-owned energy giant, falling well short of the initial $2 trillion targeted by Saudi Crown Prince Mohammed bin Salman in what could still be the world’s biggestRead More →
© Reuters. A Saudi man reads the prospectus of Aramco IPO, in Riyadh By Hadeel Al Sayegh, Saeed Azhar and Rania El Gamal DUBAI (Reuters) – Saudi Aramco is worth up to $1.7 trillion at the price range set by the oil giant on Sunday, below the $2 trillion soughtRead More →
Apple Inc. shares surged Monday, pushing the company toward $1 trillion in market value, following a prediction that the stock will rise more than 20% on stronger-than-expected sales of new iPhone 11 models. Apple’s stock AAPL, +2.39% was up 2.4% in afternoon trading Monday to pace the Dow Jones IndustrialRead More →
MarketWatch photo illustration/Getty Images Will more information help borrowers navigate college costs and student loans? With the growth in student loans continuing to soar, politicians and borrowers struggling with an issue that’s become both a financial and political problem. Presidential candidates are proposing to cancel student debt and make publicRead More →
The U.S. stock market has left $5 trillion on the table as trade tensions over the past 17 months contributed to an effectively sideways trade, Deutsche Bank estimated on Friday. “While other factors also arguably played a role, the trade war has been key in preventing a recovery in globalRead More →
This is the first in a six-part series of stories about programs that offer high-school students the opportunity to take college classes. The series was produced with support from the Education Writers Association Reporting Fellowship program. (Read part two here.) There’s not much Barack Obama and Betsy DeVos see eye-to-eyeRead More →
© Reuters. FILE PHOTO: Members of the media film the new iPhone 7 at an Apple store in Beijing By Akanksha Rana (Reuters) – Apple Inc shares rose more than 6 percent on Wednesday, pushing the iPhone maker’s market valuation back towards $1 trillion as its quarterly report and upbeatRead More →
© Reuters. OECD flags record $4 trillion corporate bond refinancing in next three years PARIS (Reuters) – Corporate bond issuers face having to roll over a record amount of debt in the coming years amid declining investor risk appetite and falling credit quality, the OECD said on Monday. Non-financial companiesRead More →
