Dow falls on first trading day of the year
New York (CNN Business)Bill Gross started off his investment outlook for 2021, titled “A Little Bit Softer Now,” on an unusual note, discussing a legal spat involving a neighbor and … Read More
Category: Markets
Brexit Exposes U.K. Auto Sector’s Lack of Electric-Car Batteries
Britain must build up its electric-vehicle battery industry in the coming years or it will lose out to the European Union in the intensifying race to build plug-in cars, the … Read More
Trump administration dials up US-China tech tensions
Hong Kong (CNN Business)The New York Stock Exchange has reversed its decision to kick out three of China’s largest state-owned telecom companies. The exchange said late Monday that it no … Read More
Galloway: Amazon will spin off healthcare to fight antitrust
New York (CNN Business)Haven, an ambitious health care company formed just three years ago as a partnership between Amazon, Warren Buffett’s Berkshire Hathaway and JPMorgan Chase, is shutting down. “Haven … Read More
Citigroup, Gilead, Groupon, Morgan Stanley, Spotify and More Monday Afternoon Analyst Calls
Over halfway through the trading day on Monday, and the broad markets have retreated. The S&P 500, Nasdaq and Dow Jones industrial average were all down over 2% in the … Read More
Wells Fargo to Expand Investment Bank as Scharf Sets Strategy
Wells Fargo & Co., rarely seen as a major force in the world of trading and dealmaking, aims to expand its investment bank in coming years. It’s part of a … Read More
The Analyst Floodgates Are Open for Blockbuster IPOs Airbnb and DoorDash
The quiet period is officially over for a few big-name stocks that came public in December and the floodgates are now open for analyst calls. The quiet period for initial … Read More
Rupee surges 21 paise to 72.90 against U.S. dollar in early trade
Traders said hopes of COVID-19 vaccine also improved sentiments. The rupee appreciated by 21 paise to 72.90 against the U.S. dollar in opening trade on January 4 supported by sustained … Read More
COVID-19: This Is The Hardest Hit County In America
COVID-19 deaths and confirmed cases have risen at record levels over the last several weeks. According to the Microsoft Bing COVID-19 Tracker, U.S. confirmed cases stand at 20,596,260, up 264,475 … Read More
Valuation Caution Returns as Emerging Markets Face 2021 Reality
In this article Rarely, if ever, can a year have started with price levels in emerging markets looking so divorced from the fundamental backdrop. Rising Covid-19 case numbers and uneven … Read More