World stocks take fresh dip as COVID infection rate weighs
LONDON (Reuters) – World stocks fell further and oil headed for a double-digit weekly slide on Friday as jitters over a rising global COVID-19 infection […]
Ant's record-breaking IPO attracts $3 trillion in retail-investor bids
Chen Zhongqiu/VCG/Getty Images Ant Group’s historic $35 billion IPO is garnering unprecedented interest from retail investors in Shanghai and Hong Kong. Jack Ma’s financial services […]
Apple, Amazon, and Facebook shares tumble, Alphabet surges as investors react to tech earnings
Apple’s iPhone sales slumped last quarter. REUTERS/Spencer Selvidge Apple, Amazon, and Facebook shares slumped in pre-market trading on Friday as investors expressed their dissatisfaction with […]
As China's economy picks up, new university grads are still looking for jobs
By official and third-party accounts, the class of 2020 — at a record high of 8.74 million students — is having a harder time finding […]
Asian shares falter again, poised for first weekly loss since late-Sept
SYDNEY (Reuters) – A gauge of Asian shares fell for a third straight session on Friday as jitters over upcoming U.S. presidential elections and fears […]
Exclusive: Chinese banks seen swapping dollars for yuan in forwards to curb gains – traders
SHANGHAI (Reuters) – China’s major state-owned banks have been swapping U.S. dollars for yuan this week, traders said on Thursday, suggesting monetary authorities are trying […]
Global Markets: Asia's COVID-19 control tempers global stock selloff, U.S. futures jump
SINGAPORE (Reuters) – Asia’s stock markets fell on Thursday, but without the panic selling seen in Europe and the United States, while U.S. futures jumped […]
HKMA sells HK$3.18 bln in NY hours, currency hits strong end of trading range
HONG KONG, Oct 29 (Reuters) – The Hong Kong Monetary Authority sold HK$3.178 billion ($410.06 million) into the market in New York trading hours after […]
Dow craters 943 points in worst day since June as virus spike spurs new lockdowns
Getty Images / Bryan R. Smith US stocks cratered on Wednesday as a spike in COVID-19 cases prompted new lockdowns in Europe. A 40% surge […]
Biden's polling lead adds to market fears the economy will need to wait until next year for stimulus
Stocks were taking a beating Wednesday, in part over worry about the state of stimulus talks. Joe Biden’s polling lead in the presidential race complicates […]
Legendary investor Mark Mobius says the S&P 500 is forming a 'dangerous' double-top pattern as investor concern grows about a hung election
Jonathan Wong/South China Morning Post via Getty Images Investing legend Mark Mobius told CNBC on Tuesday he sees a dangerous double-top forming in the S&P […]
A top exec at a $1.8 billion hedge fund asked his followers for their favorite election trades. Here are the best responses.
With Election Day just one week away, some of Wall Street's top investors are sharing their blue-wave plays for all to see. Joseph Mauro, head […]
Dow plunges 650 points as record COVID-19 spike and lack of stimulus trouble investors
Lucas Jackson/Reuters US stocks fell sharply on Monday as investors weighed both a lack of progress on fiscal stimulus negotiations and a record number of […]
Industrial stocks tank after China sanctions Lockheed Martin, Boeing, and Raytheon over Taiwan sales
Reuters Industrial stocks slid on Monday after China announced sanctions against US defense firms over weapons sales to Taiwan. The country will sanction Boeing, Raytheon, […]
Earnings season is repeating a tech-bubble trend filled with counterintuitive market reactions, Bank of America says
Spencer Platt/Getty Images An unusual trend has emerged in the current earnings season that hasn’t been seen since the early-2000s tech bubble, Bank of America […]
A capital-gains tax hike would only temporarily slow the stock market's rally, Goldman Sachs says
Timothy A. Clary/AFP/Getty Images With former Vice President Joe Biden maintaining a healthy lead in the polls, the odds of a capital-gains tax hike are […]
'Orderly' Trump win most favourable outcome for equities, JPMorgan says
U.S. President Donald Trump waves as he boards Air Force one for campaign travel to Pennsylvania from Joint Base Andrews, Maryland, U.S., October 26, 2020. […]
PayPal explores crypto takeovers including Goldman-backed startup BitGo, report says | Currency News | Financial and Business News
Igor Golovniov/SOPA Images/LightRocket via Getty Images PayPal is exploring crypto takeovers including a Goldman-backed startup BitGo, according to a Bloomberg report. No deal has been […]
Global stocks hold tight ranges as U.S. election caution sets in
TOKYO (Reuters) – Global stocks barely budged on Friday as investors tightened positions with less than two weeks to go before the U.S. presidential election […]
Global markets: Sentiment sapped by COVID surge, stimulus stalemate
LONDON (Reuters) – World shares slid to a two-week low on Thursday, and oil steadied after another heavy fall, as a surge in global COVID-19 […]
Futures hold steady as investors await progress on stimulus talks
Futures contracts tied to the major U.S. stock indexes held steady at the start of the overnight session Wednesday evening and pointed to muted moves […]
Markets mixed with all eyes on stimulus talks
NEW YORK (Reuters) – Global stocks sought direction on Wednesday, while gold hit a one-week high and the dollar fell to a six-week low as […]
Stocks fall as investors focus on U.S. stimulus
LONDON (Reuters) – Stocks fell and bonds staunched a sell-off on Wednesday as investors looked for an agreement on a U.S. coronavirus stimulus package, while […]
Asian stocks set for modest gains as tech woes check stimulus hopes
NEW YORK (Reuters) – Asian stocks were set for modest gains on Wednesday after renewed U.S. stimulus hopes helped Wall Street higher, although wobbles in […]