S&P 500 Ends Up Slightly, Tech-Related Shares Underperform Value
The Dow jumped 1%, the S&P 500 inched up and the Nasdaq closed lower on Monday as investors extended a rotation into value stocks from heavyweight tech-related names while awaiting…
World Stocks Tick Up As China Industrial Data Offsets Trade Woes; Oil Rises
Stocks across the globe were little changed on Monday as upbeat industrial data out of China and hopes for more stimulus in the United States were offset by jitters over…
Oil Jumps Nearly 2% On Chinese Factory Data, U.S. Stimulus Hopes
Oil rose on Monday, supported by an improvement in Chinese factory data, rising energy demand and hopes for an agreement in the United States on more coronavirus-related economic stimulus. Brent…
European Markets Close Slightly Higher As Investors Digest U.S. Stimulus Hopes; Banks Rise 2%
European stocks ended the day cautiously higher on Monday, brushing off tensions between the U.S. and china that hit technology stock. The pan-European Stoxx 600 pared some of its earlier…
Treasury Yields Fall Slightly As Investors Monitor Stimulus Bill And U.S.-China Tensions
Treasury yields dipped on Monday as investors monitored the state of U.S. stimulus talks and the latest fraying of relations between Washington and Beijing. The yield on the benchmark 10-year…
Watch This On The S&P 500 For A Signal On When To Get Defensive, Wells Fargo Securities’
Congress at a stimulus stalemate and rising U.S.-China tensions have not stopped the S&P 500 from marching back up to just 1% from record highs. Democratic and Republican lawmakers on…
Oil Spill Threatens Ecological Disaster As Mauritius Declares Emergency
Fuel spilling from a Japanese bulk carrier that ran aground on a reef in Mauritius two weeks ago is creating an ecological disaster, endangering corals, fish and other marine life…
Huawei To Stop Making Flagship Chipsets As U.S. Pressure Bites
Huawei Technologies Co will stop making its flagship Kirin chipsets next month, financial magazine Caixin said on Saturday, as the impact of U.S. pressure on the Chinese tech giant grows.…
Dollar Gains, Stocks Ebb After Labor Report
The dollar bounced off two-year lows and a gauge of global equity markets stopped marching toward a record high on Friday, as slightly better-than-expected data on U.S. job growth in…
Zillow CEO: Real Estate Market Is Beginning ‘Great Reshuffling’ As People Seek More Space At Home
The U.S. real estate market is beginning to show signs of a “great reshuffling,” as people relocate to homes with more privacy and space to ease working from home, Zillow…
Buffett Buys Back Record $5.1 Billion In Berkshire Stock As Coronavirus Hits Operating Earnings
Berkshire Hathaway announced on Saturday it bought back a record amount of its own stock during the second quarter as the coronavirus pandemic dented operations for Warren Buffett’s conglomerate. The…
Gold’s Record Breaking Rally Sputters On Dollar Bounce-Back
Gold slumped over 2% on Friday, snapping its record-breaking rally, after a decent U.S. jobs report boosted the dollar, but a worsening pandemic kept prices on course for their longest…
Oil Slips On Demand Concerns, But Posts A Gain For The Week
Oil prices fell more than 1% on Friday, limiting their weekly gain due to concerns the global recovery could falter from a resurgence of coronavirus cases. The rise in infections…
‘Bull Everything’ Rally Leaves Investors Wondering What To Own
With assets of all stripes rallying and the S&P 500 Index .SPX approaching fresh records, investors are facing a dilemma: stay in or get out. Surging U.S. stocks, Treasuries and…
Berkshire Takes Big Writedown For Precision Castparts, Operating Profit Falls
Warren Buffett’s Berkshire Hathaway Inc said on Saturday its quarterly operating profit fell 10%, and it took a big writedown for its Precision Castparts Corp unit, which has had struggles…
Wall Street Week Ahead: Bargain-hunters look to U.S. Real Estate Stocks As S&P Nears Records
As the S&P 500 approaches fresh highs, some investors hope to pick up bargains in the battered U.S. real estate sector, where values of some major stocks have been cut…
Dollar Rises On Renewed U.S.-Sino Tensions, Jobs Data Eyed
The U.S. dollar rebounded whilst other major currencies weakened on Friday after President Donald Trump took steps to ban transactions with the Chinese owners of two popular mobile apps. Trump…
Fresh $100 Million Investment To Boost Nigeria’s Shipping Sector
Fresh $100 million investment is under way by the West Africa Container Terminal (WACT), to buoy Nigerian terminal handling capacity in the next three years. The funds will be deployed…
Travelex Poised For Reboot As Debt Restructuring Is Completed
The transaction is being arranged through a pre-packaged administration sale of certain UK Travelex entities. Travelex, the airport foreign currency specialist, said it will complete its debt restructuring later today.…
Nigerian Crypto Activity Has Been On The Rise Since April
Nigeria outperformed the rest of the world by the level of interest in Bitcoin over recent months. Nigeria, the biggest source of Bitcoin (BTC) trading volume in Africa, is apparently…
Bad Weather Hurts Efforts To Stop Oil Spill Off Mauritius
Bad weather hindered efforts to contain an oil spill from a bulk carrier off the southeastern coast of Mauritius that’s threatening its coastal waters and a protected marine reserve. 50,820…
Saudi Investor Sues Med-View Over Sale Of Asset
Saudi Arabian investor, Abdulmohsen Al-Thunnayan, has filed a suit at the Federal High Court Lagos, challenging the move by Med-View Airline Plc to sell-off some assets of the distressed carrier.…
South Korea Leads Gains In Mixed Trading Day For Asia Pacific Stocks
Stocks in Asia Pacific were mixed on Thursday as investors continued to monitor tensions between the U.S. and China. South Korea’s Kospi jumped 1.33% to close at 2,342.61 as shares…
Bezos sells more than $3 billion in Amazon shares
Amazon CEO Jeff Bezos this week has sold more than $3.1 billion worth of shares in his company, according to filings with the Securities and Exchange Commission compiled by OpenInsider.…
Pound At Five-Month High As Central Bank Strikes A Less Gloomy Note
Sterling strengthened to a new five-month high against the dollar and headed for the $1.32 mark after the Bank of England struck a less pessimistic tone on the outlook for…
OPEC Braces For Dwindling Demand
The coronavirus crisis may have triggered the long-anticipated tipping point in oil demand and it is focusing minds in the Organisation of Petroleum Exporting Countries (OPEC). The pandemic drove down…
Gold Barrels Past $2,000 With Stage Set To Rally Further
Gold advanced to a fresh record beyond $2,000 an ounce as investors assessed increased geopolitical risks and the prospect for further stimulus to combat fallout from the coronavirus pandemic. Bullion…
The Ballooning Money Supply May Be The Key To Unlocking Inflation In The U.S.
With the Federal Reserve and Congress pushing stimulus efforts to new heights, some investors are keeping a close eye on a surge in the U.S. money supply for signs of…
Oil Prices Struggle To Hold Five-Month High Amid Pandemic Worries
Oil prices were unchanged on Thursday, struggling to hold onto five-month highs reached in the previous session, as fuel demand worries caused by a second wave of coronavirus infections outweighed…
Older Investors Go For Gold, Younger Ones Bitcoin
The behavior of retail investors during the pandemic varies significantly across age groups, according to JPMorgan Chase & Co. Investors generally are interested in alternative assets but older ones are…