Portugal’s Economy Fell 7.6% In 2020, Biggest Drop Since 1936
LISBON, Feb 2 (Reuters) – Portugal’s economy shrank 7.6% last year, its biggest annual slump since 1936, and the government…
Category: Investing
GameStop Slides, Silver Spree Stalls As Retail Traders Run Out Of Road
GameStop shares sank on Tuesday and a silver buying spree led by small investors subsided as the Reddit-driven trading frenzy…
Wall St. Opens Higher Ahead Of Amazon, Alphabet Earnings; Stimulus In Focus
Wall Street’s main indexes opened higher on Tuesday, building on the previous session’s momentum, as investors anticipated strong results from…
UAE Adopts Amendments To Grant Citizenship To Investors And Other Professionals
The United Arab Emirates has adopted amendments that would allow the Gulf state to grant citizenship to investors and other…
Robinhood Raises $1 Billion Of Fresh Funding From Existing Investors
Online broker Robinhood has raised more than $1 billion of fresh capital from existing investors, having been strained by high…
Bitcoin To Online Petwear: ‘Papa Musk’ Lures Investors
A “#bitcoin” tag on Elon Musk’s Twitter profile page led to a 14% jump in the cryptocurrency on Friday, the…
CIS Inaugurates Committee To Review Code Of Ethic
The Chattered Institute of Stockbrokers has commenced moves to review its Code of Ethics and Standard of Professional Conduct to…
NASDAQ Temporarily Shuts Down Stock Trading After Internet Trolls Destroy Hedge Fund With GameStop Stock
The NASDAQ has paused trading after internet “degenerates” spotted Wall Street gearing up to make a killing, beat the traders…
US Stocks Pause For Breath As Bond Selloff Extends
Stocks took a breather on Tuesday, easing from record highs as political turmoil in Washington and rising coronavirus cases gave…
Mutual Funds’ Assets Rise To N1.6tr Stock Market Begins New Trading Week With Upswing
The year 2020 appeared to be the year with the highest growth in the value of mutual fund assets in Nigeria…
Stock Market Gains N16bn After First Weekly Loss
The equity market, on Monday, returned to positive territory as the Nigerian Stock Exchange All-Share Index and market capitalisation rose…
SpaceX’s Starlink Satellite Internet Service Is Priced At $99 Per Month, According To E-mail
SpaceX is expanding the beta test of its Starlink satellite internet service, reaching out via email on Monday to people…
Epic S&P 500 Rally Is Powered By Assets You Can’t See Or Touch
Take all the physical assets owned by all the companies in the S&P 500, all the cars and office buildings…
Nigeria: Despite #EndSARS Protests, Investors Gain N121 Billion in Equities Trading
Investors this week gained N121 billion on the Nigerian equities market, in a trading week marred by #EndSARS protests in…
Wall Street Bank Trading Boom Does Little To Assuage Concerns About Lending
As Wall Street banks reported quarterly results this week, investors wondered about the staying power of the trading bonanza that…
Investors Mobilise For Legal Battle As AgroPark, Again, Postpones Payout To 2021
AgroPark, another agri-investment platform, has left investors spoiling for a legal battle after it sent a letter informing them, for…
Americans Think They Need $1.9 Million To Retire. Here’s How Much You Really Need
The majority of Americans say they want to retire by age 67 at the latest. Yet when it comes to…
Here’s The Likelihood Of Getting A $1,200 Stimulus Check In The Next 26 Days
Stimulus negotiations are apparently back in action. With Election Day on Nov. 3 quickly approaching, President Donald Trump shut down…
Trader Art Cashin On The Sell-Off And What Trump’s Coronavirus Diagnosis Means For Markets
Wall Street veteran Art Cashin on Friday weighed in on the market impact of President Donald Trump’s coronavirus diagnosis, telling…
Hot IPO Snowflake Gets Another Bearish Analyst Rating
Another Wall Street firm said Thursday that one of the year’s biggest IPO pops went too far. Jefferies initiated coverage…
Billionaire Barry Diller Calls Stock Market ‘Great Speculation, Urges Everyone To Save Cash
Billionaire media mogul Barry Diller on Tuesday urged investors to maintain sizable cash positions following the stock market’s robust rally…
Microsoft Wants To Take On Amazon In Connecting Satellites To The Cloud
Microsoft is looking to challenge Amazon in offering a service that connects satellites directly to the company’s cloud computing network,…
Citi CEO Michael Corbat To Retire Next Year, Jane Fraser To Become First Woman CEO Of A US Megabank
Citigroup CEO Michael Corbat said Thursday he is retiring in February after eight years leading the bank, and that retail…
Analysts Say These Stocks Are Thriving During The Pandemic And Will Continue To Do Well After
There are a slew of companies that are outperforming through the pandemic and Wall Street analysts said this week that…
Bank Of America Says Sell-Off Has More To Go, But S&P 500 Will Eventually Rebound To 3,630 Preelection
The fast and furious tech equity rout could have further to go in the coming weeks before the market eventually…
Despite Recent Weakness, Apple Typically Beats The Market Six Months Following A Stock Split
Apple just suffered its worst day since March on Thursday and was down again on Friday. But history shows the…
These Tech Stocks Were Extremely ‘Overbought’ Ahead Of The Massive Sell-Off
Thursday’s sell-off chopped the top off the recent rally for the market, hitting the red hot tech sector particularly hard.…
Mike Santoli’s Market Notes: What To Make Of Thursday’s Tech Stock Rout
This is the daily notebook of Mike Santoli, CNBC’s senior markets commentator, with ideas about trends, stocks and market statistics.…
How Much You’ll Need To Save Per Month To Retire With $1 Million On A $50,000 Salary, Broken Down By Age
Automatically saving a percentage of your salary can be one of the easiest ways to fund your retirement. But figuring…
The U.S. Dollar Could Be In A Decade-Long Decline
The dollar has entered a downward cycle it may not crawl out of for a decade. The dollar has been…