New strain and the economy
US stock indices fell before the opening of trading on Tuesday after Fed Chairman Jerome Powell said risks to the economy, the labour market and inflation could become more difficult with...
Fighting a new strain
The stock market recovered slightly at the premarket on Monday after a sharp fall on Friday when the World Health Organisation (WHO) said that the new COVID-19 strain first identified in South Africa was a "strain of concern".
...
Coronavirus and stock markets
Stock markets in the US and Asia fell sharply on Friday amid reports of a dangerous new strain of COVID from South Africa, with cases of infection detected in Hong Kong. Countries are closing air borders and WHO will ho...
The future of the stock market
President Joe Biden has reappointed current Chairman Jerome Powell to head the Fed for the next 4 years. Experts say that this will generally have a positive effect on the market, alt...
US stock futures showed gains on Monday
As major indices hit record highs after Boeing's gains boosted the Dow Jones index, US stock futures rose early in the week.
Dow Jones Industrial Average futures were up 104 points, or 0.2...
Biggest IPO in history
Rivian's listing on the Nasdaq exchange was one of the most anticipated in 2021 investors were not disappointed. The company raised $11.9bn for its development and was valued at $85.9bn, higher than Ford's capitalisation, for ...
Record jump
Inflation in the US in October rose more than economists expected the consumer price index reached 6.2% compared to the forecast of 5.8%. The stock market reacted by lowering indices, with analysts expecting the negative t...
Bond purchases in November
The market reaction to the outcome of the Fed meetings was positive. The central bank refuted expectations that interest rates would need to be raised sooner, but pointed to continue...
IPO from Rivian
Electric car startup Rivian, backed by Amazon and Ford, has filed a new Form S-1 with the SEC, with a tentative share price to go public. In the IPO, Rivian hopes to raise $8.4bn. The success of Tes...
Buying back shares
Share buybacks are beneficial to investors because the fewer shares in circulation the more expensive and more valuable they are. 2021 will be the year with $1 trillion in share buybacks in the market.
After the COVID-19 pandemic...
Profits and deliveries
Tesla (TSLA) reported strong earnings and revenue growth on Wednesday, but gave no outlook for the full year 2021. Elon Musk did not attend the financial reporting conference. Tesla reported an important change in battery chem...
Friday trading
US stock indices rallied on Friday as investors absorbed Goldman Sachs' sharp gain and an unexpected rise in retail sales. The Dow Jones Industrial Average jumped 207 points, or 0.59%, while the S&P 500 and Nasdaq Composite indice...
Rising indices
US stock indices rose on Thursday as major banks released strong quarterly results and jobless claims fell to the lowest level of the COVID-19 pandemic. The Dow Jones Industrial Average rose 418 points, or 1.22%, while the S&P 500...
Stimulus cut
Fed minutes on September showed that if the US economic recovery continues at current levels, the central bank will start cutting bond purchases by 15 billion a month from...
New data centres around the world
Oracle (ORCL) plans to open 14 data centres over the next year, the fastest growth of any major cloud company. Oracle shares have risen 47.3% since the start of the ...
Increase in national debt
The Senate on Thursday approved a bill that raises the US national debt limit by $480 billion, but this funding will be exhausted by 3 December. A long-term bill is due to be decided in Decembe...
Share price rises after disruption
Shares in US company Facebook were up more than 2 per cent by the close of trading on the New York Stock Exchange on Tuesday.
According to data posted on the trading floor's website, the company's shares rose by $...
Stocks fall ahead of jobs report
US stock futures fell sharply on Wednesday morning as investors awaited the latest labour market assessment.
Dow Jones Industrial Average futures fell 350 points, or 1.02%, while S&P 500 and Nasdaq 100 futures f...
Going public on the Nasdaq
Electric pick-up and SUV maker Rivian reported its finances to the SEC on Friday, as the company plans to sell its shares on the Nas...
US stock indices fell sharply on Tuesday
After 10-year treasury bond yields rose to 1.54%, which hit tech growth stocks the hardest. Uncertainty around the raising of the US government debt limit and the risk of a lockdown is causing further worries...
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