Real Time Financial News Website
LISBON, Feb 2 (Reuters) – Portugal’s economy shrank 7.6% last year, its biggest annual slump since 1936, and the government warned that the outlook for recovery was deteriorating because the…
GameStop shares sank on Tuesday and a silver buying spree led by small investors subsided as the Reddit-driven trading frenzy that has shocked global financial markets over the past week…
Wall Street’s main indexes opened higher on Tuesday, building on the previous session’s momentum, as investors anticipated strong results from Amazon and Google-parent Alphabet while also looking for signs of…
The United Arab Emirates has adopted amendments that would allow the Gulf state to grant citizenship to investors and other professionals including scientists, doctors and their families, the government said…
Online broker Robinhood has raised more than $1 billion of fresh capital from existing investors, having been strained by high volumes of trading this week and raising the ire of…
A “#bitcoin” tag on Elon Musk’s Twitter profile page led to a 14% jump in the cryptocurrency on Friday, the latest in a series of market moves triggered by comments…
The Chattered Institute of Stockbrokers has commenced moves to review its Code of Ethics and Standard of Professional Conduct to strengthen the members’ professional practice, enhance their relationship with investors…
The NASDAQ has paused trading after internet “degenerates” spotted Wall Street gearing up to make a killing, beat the traders at their own game, and got filthy rich while destroying…
Stocks took a breather on Tuesday, easing from record highs as political turmoil in Washington and rising coronavirus cases gave pause, though a selloff in U.S. Treasuries extended as investors…
The year 2020 appeared to be the year with the highest growth in the value of mutual fund assets in Nigeria as it rose by 51 per cent to N1.57…
The equity market, on Monday, returned to positive territory as the Nigerian Stock Exchange All-Share Index and market capitalisation rose by 0.08 per cent. The market breadth closed on a…
SpaceX is expanding the beta test of its Starlink satellite internet service, reaching out via email on Monday to people who expressed interest in signing up for the service. Known…
Take all the physical assets owned by all the companies in the S&P 500, all the cars and office buildings and factories and merchandise, then sell them all at cost…
Investors this week gained N121 billion on the Nigerian equities market, in a trading week marred by #EndSARS protests in the nation’s commercial capital, Lagos, and other cities across the…
As Wall Street banks reported quarterly results this week, investors wondered about the staying power of the trading bonanza that has floated profits, offsetting problems in traditional lending businesses that…
AgroPark, another agri-investment platform, has left investors spoiling for a legal battle after it sent a letter informing them, for the second time, that payment of capital and accrued dividends…
The majority of Americans say they want to retire by age 67 at the latest. Yet when it comes to planning for retirement, picking a specific age means you are…
Stimulus negotiations are apparently back in action. With Election Day on Nov. 3 quickly approaching, President Donald Trump shut down talks this week and called for Congress to pass a…
Wall Street veteran Art Cashin on Friday weighed in on the market impact of President Donald Trump’s coronavirus diagnosis, telling CNBC that travel and leisure stocks were at the most…
Another Wall Street firm said Thursday that one of the year’s biggest IPO pops went too far. Jefferies initiated coverage of Snowflake with a hold rating and a price target…
Billionaire media mogul Barry Diller on Tuesday urged investors to maintain sizable cash positions following the stock market’s robust rally from coronavirus-induced lows in late March. “Personally, and professionally, every…
Microsoft is looking to challenge Amazon in offering a service that connects satellites directly to the company’s cloud computing network, according to documents the company filed with the Federal Communications…
Citigroup CEO Michael Corbat said Thursday he is retiring in February after eight years leading the bank, and that retail banking chief Jane Fraser will succeed him, making her the…
There are a slew of companies that are outperforming through the pandemic and Wall Street analysts said this week that they will continue to do so. These stocks are gaining…
The fast and furious tech equity rout could have further to go in the coming weeks before the market eventually rebounds ahead of the U.S. presidential election, according to Bank…
Apple just suffered its worst day since March on Thursday and was down again on Friday. But history shows the stock has a track record of beating the market over…
Thursday’s sell-off chopped the top off the recent rally for the market, hitting the red hot tech sector particularly hard. Technical factors showed that some of those stocks were due…
This is the daily notebook of Mike Santoli, CNBC’s senior markets commentator, with ideas about trends, stocks and market statistics. It turns out stocks don’t only go up. In fact…
Automatically saving a percentage of your salary can be one of the easiest ways to fund your retirement. But figuring out how much your contributions will equal in the future…
The dollar has entered a downward cycle it may not crawl out of for a decade. The dollar has been weakening since spiking in March, and strategists say its downward…