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Dow, S&P 500, Nasdaq close lower in weekly slump on ‘quad witching’ and weak consumer sentiment
U.S. stock indexes closed lower Friday, slumping for the week, as bearish momentum gathered steam after a reading on consumer…
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U.S. consumer sentiment mired at near decade lows, University of Michigan Survey finds
The numbers: The University of Michigan’s gauge of consumer sentiment rebounded slightly to a preliminary September reading of 71 from…
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Goldman just created an equity ETF targeting future tech leaders
A list of dominant tech companies will look ‘very different’ a decade from now, says Goldman’s Katie KochGoldman Sachs Group…
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Coinbase applies to join crypto futures market
Cryptocurrency exchange Coinbase has filed an application to be approved as a futures provider, as it seeks to join the…
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HSBC Asset Management appoints new senior portfolio manager
HSBC’s asset management arm has appointed a new senior portfolio manager on its emerging markets debt investment team. Caroline Keany,…
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Retail sales surge in August despite spread of delta and signal economy is still strong
The numbers: Sales at U.S. retail stores rose sharply in August in sign that Americans continued to spends gobs of…
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Wall Street sees as much as 70% upside for these highly rated energy stocks in rally mode
Some investors might feel guilty about making money on fossil fuels, but the table appears set for more gains in…
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Short-selling stocks — and trying to play short squeezes — can be very dangerous
Investing and trading are two completely different activities. If you are new to either or haven’t delved into the mechanics…
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Short-selling stocks — and trying to play short squeezes — can be very dangerous
Investing and trading are two completely different activities. If you are new to either or haven’t delved into the mechanics…
Read More » - Finance
Goldman Sachs’ dogecoin millionaire re-emerges at UK healthcare company
A Goldman Sachs managing director who quit the bank after reportedly making millions trading cryptocurrency has re-emerged in a new…
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U.S. import prices fall for the first time in 10 months as inflationary pressures ease
The cost of imported goods fell in August for the first time in 10 months, perhaps another sign that inflation…
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New York manufacturing activity soars in September, Empire State factory index shows
The numbers: The New York Fed’s Empire State business conditions index surged 16 points to 34.3 in September, the regional…
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Cryptocurrencies settle after Walmart hoax
Cryptocurrencies steadied and litecoin was rising modestly on 14 September following a hoax that tied the digital currency to a partnership with…
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Morgan Stanley says the latest rally that has caught the eye of Wall Street Bets won’t last. Here’s why.
Do it again? Investors will be eager to see if the S&P 500 and Dow industrials can repeat Monday’s wins…
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Dow futures get lift after cooler-than-expected inflation reading
U.S. stock index futures erased losses, rising to a session high Tuesday, after the August consumer-price index rose less than…
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Billionaire Cohen invests in cryptocurrency trading firm
Billionaire Steven A Cohen is set to invest in a new cryptocurrency trading firm, the latest bet on the digital-asset markets by…
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Investors who want income need to understand this overlooked stock-market strategy
Interest rates have remained persistently low even as the economy emerges from the pandemic. The yield on 10-year U.S. Treasury…
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Litecoin spikes 20% after hoax reports that Walmart would accept the cryptocurrency
Holders of litecoin enjoyed a short-lived, 20% bounce on Monday, following a fake report that Walmart would accept the cryptocurrency…
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Dow slips as stock market beset by end-of-week turbulence
U.S. stock indexes were lower for a fifth straight day Friday afternoon, after opening higher, as investors worried that the…
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Harvard drops fossil fuel investments from endowment, the largest college fund to cut ties with Big Oil
Harvard University, whose $42 billion endowment is the largest of any U.S. higher-learning institution, has cut its investments in fossil…
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U.S. jobless claims fall sharply to 310,000, a new low since COVID-19 pandemic began
The numbers: Initial jobless claims fell by 35,000 to 310,000 in the week ending Sept. 4, the Labor Department said…
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‘The lady isn’t tapering,’ says Lagarde as ECB slows asset purchases
European Central Bank President Christine Lagarde argued Thursday that a decision to slow the pace of asset buying under the…
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Job openings hit another record high in July
The numbers: The amount of job openings rose to a record 10.9 million in July from a revised 10.2 million…
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GameStop stock dips on mixed earnings results
GameStop Corp.’s stock fell 2% in extended trading Wednesday after the company reported fiscal second-quarter results that beat revenue estimates…
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Dow inches higher but S&P 500, Nasdaq under pressure as Fed’s Bullard says ‘taper will get going this year’
U.S. equity benchmarks traded mixed Wednesday morning, with information technology and communication services sectors coming under selling pressure, as investors…
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Bitcoin flash crash short lived as cryptocurrencies stabilise
Bitcoin’s selloff eased on 8 September, offering some respite to holders of the volatile cryptocurrency after a flash crash a…
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Taper your pessimism — Fed’s actions won’t derail U.S. stocks, Barclays strategists say
When the Federal Reserve finally starts reducing bond purchases, U.S. stocks will still be able to maintain the momentum that…
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Here’s the chart that shows what’s about to happen in the jobs market
The payrolls report released Friday came in far below estimates, and now shows total employment 5.3 million positions short of…
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Dow sinks 140 points as data shows economy produced weaker-than-expected 235,000 jobs in August
U.S. stock indexes retreated Friday, after a report on monthly employment from the Labor Department came in far weaker than…
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Here’s how bitcoin is treading water as investors look elsewhere
The late summer lull that overtakes Wall Street is even making bitcoin drowsy. Bitcoin’s price stalled right at $50,000 during…
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Nikkei climbs as PM Suga set to depart, with other markets steady ahead of U.S. jobs data
BEIJING — Asian stock markets rose Friday as investors awaited U.S. hiring data some appear to hope will be weak…
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S&P 500, Nasdaq extend record climb Thursday after weekly jobless claims report
U.S. stock benchmarks opened higher Thursday, with the S&P 500 index and the Nasdaq in record territory, as jobless benefit…
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Olaf Scholz is now the betting market favorite to succeed Angela Merkel
There’s a new front-runner in the race to lead Germany after Angela Merkel — Olaf Scholz, of the center-left SPD…
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Manufacturers grow faster in August, ISM finds, despite delta and labor shortages
The numbers: The coronavirus delta variant has added fresh stress on the U.S. economy, but companies face an even bigger…
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U.S. businesses created lackluster 374,000 private jobs in August, ADP says
The numbers: Businesses in the U.S. created a lackluster 374,000 new jobs in August, a new ADP survey found, suggesting the…
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Opinion: Forget short-term stock-market fads and just buy these 5 rocketing tech stocks
Looking at the latest headlines, it’s easy to concoct a narrative around short-term investment trends based on your personal tastes.…
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30 stocks that shined in the pandemic are still poised for huge growth through 2024
“Sell on the good news.” How many times have you heard that term used? It happens frequently when a company…
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Robinhood shares fall on SEC’s warning of possible restrictions on payment for order flow
Shares of Robinhood Markets tumbled on 30 August after the head of the Securities and Exchange Commission signalled that he was…
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SEC Chairman Says Banning Payment for Order Flow Is ‘On the Table’
A controversial practice that has brought in billions of dollars to brokers and high-frequency trading firms is in the crosshairs…
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If you’ve got the stock market jitters, here are 20 companies in two defensive sectors
When investors expect economic growth to slow, interest in defensive sectors — health care and utilities — tends to perk…
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Fed chair Powell says he supports starting to taper bond purchases this year
Federal Reserve Chairman Jerome Powell revealed on Friday that he was one of the majority of Fed officials who believe…
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U.S. stocks drift lower after records as investors assess jobless claims, GDP revision
U.S. stocks drifted slightly lower Thursday, as investors weighed data on second quarter economic growth and weekly jobless benefit claims,…
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Overregulation could push illicit crypto transactions into the market, US experts warn
Tucked into a sweeping bipartisan infrastructure bill that passed the Senate earlier this month are measures intended to help provide…
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Salesforce results blow past Street view, outlook raised once more, and shares rise
Salesforce.com Inc. shares rose Wednesday after the cloud-based customer-relationship management company easily sailed past Wall Street estimates and once more…
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Opinion: The S&P 500 will keep going up this fall — for these 9 reasons
There are plenty of absurd arguments that investors make to justify their positions. But one that is particularly maddening to…
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‘Death cross’ in 10-year Treasury yields signals that bond yields may plumb new depths and prices rally
A death cross in the benchmark 10-year Treasury note yield was taking shape Wednesday, forming a pattern in charts that…
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Bitcoin bounces back above $50k: Here’s what the experts think
Bitcoin has surpassed the $50,000 price threshold for the first time in three months, pushing its market capitalisation closer to…
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FDA approves Pfizer’s COVID-19 shot, making it the first vaccine to receive ‘full’ approval in the U.S.
The U.S. formally approved BioNTech and Pfizer’s COVID-19 vaccine in a move that could sway some of the unvaccinated to…
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Bitcoin tops $50,000 for first time since early May
The price of bitcoin topped the $50,000 level Sunday night, as the world’s largest cryptocurrency continues to rebound from its…
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Who will win the bitcoin ETF race in the US?
Asset managers are jockeying to create the first US bitcoin exchange-traded fund after a top securities regulator signaled a path…
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