Tag Archives: ahead

The Nasdaq has popped roughly 8% since March 30 to outpace the S&P 500’s run to start the second quarter, as the tech-heavy index inches within touching distance of its records, just over a month after it fell into a correction. The fall from its mid-February highs coincided with a wave of bond selling and had some on Wall Street worried technology stocks were due for a huge downturn. How quickly things change. The Nasdaq has recovered roughly all of its losses, which were perhaps more… Source link

Bloomberg Oracle’s Years-Long Washington Offense Ends in Trio of Defeats (Bloomberg) — Oracle Corp. Executive Chairman Larry Ellison has spent the better part of a decade waging battle in U.S. courts and forging political alliances in Washington to win lucrative business and thwart adversaries.It’s all part of a high-stakes gamble to revive Oracle’s anemic revenue growth, which has averaged about 1% a year since 2012, and regain relevance in the face of a widening phalanx of upstarts… Source link

By Echo Wang    NEW YORK, April 13 (Reuters) – Nasdaq on Tuesday set a reference price of $250 per share for Coinbase Global Inc , projecting a value for the largest U.S. cryptocurrency exchange at $49.19 billion ahead of its landmark stock market debut on Wednesday.    The reference price is not an offering price for investors to purchase shares, but rather a benchmark for performance when the stock starts trading the exchange on Wednesday.    Coinbase shares are set to start trading… Source link

Bloomberg Credit Suisse Executives Under Scrutiny for Serial Miscues (Bloomberg) — Credit Suisse Group AG is still tallying the losses from its relationship to Lex Greensill and Bill Hwang’s Archegos Capital Management. But attention is likely to soon turn to accountability for a management team stung by serial fiascos. The bank has reactivated a special crisis committee — led by Chairman Urs Rohner and the heads of the audit and risk committees — to oversee the issues surrounding Credit… Source link

Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, March 29, 2021 Wall Street pros see gains, but modest gains With the S&P 500 (^GSPC) closing at an all-time high on Friday and the first quarter coming to a close this week, investors and traders are asking where the stock market is headed next. Though, when are they not? Overall, the tone on Wall Street is a modestly bullish one thanks to bullish expectations for the economy. At Barclays,… Source link

Bloomberg Biden Team Boosts Effort to Shield Power Grid From Hackers (Bloomberg) — The Biden administration is escalating efforts to safeguard the U.S. power grid from hackers, developing a plan to better coordinate with industry to counter threats and respond to cyber attacks, according to people familiar with the matter.Top administration officials, including Energy Secretary Jennifer Granholm and Deputy National Security Adviser Anne Neuberger, briefed top utility industry executives on… Source link

Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. EXCLUSIVE: The National Cybersecurity Center and Google on Monday are launching a training program for state lawmakers and their staff in all 50 states to best prepare them for cyber threats ahead of the 2022 midterm elections, FOX Business has learned. The initiative, Cybersecurity for State Leaders, will include nonpartisan trainings intended to prepare lawmakers and statehouse staff “to be vigilant… Source link

undefined Traders are heading into a packed week of economic reports, with a surfeit of new information on the state of the U.S. labor market set to be released. One of the most closely watched prints will be Friday’s March jobs report from the Labor Department. Equity investors will have a couple of days to digest the results, however, as the stock market will be closed on Friday in observance of Good Friday. The March jobs report is expected to be the first this year to show meaningful… Source link

Stock futures opened slightly higher Tuesday morning as investors awaited a key monetary policy decision and updated economic outlook from the Federal Reserve.  Earlier during the regular session, the S&P 500 and Dow each ended lower to retreat from record closing highs notched earlier this week. The S&P 500’s loss was its first in five days. The Nasdaq ended marginally higher as technology stocks outperformed. The CBOE Volatility Index, or VIX, fell to a pandemic-era low of 19.3, or the… Source link

One year ago today, the World Health Organization (WHO) declared Covid-19 a pandemic, the first caused by a coronavirus. As we enter year two of the pandemic, let’s remind ourselves of some sobering statistics. So far, there have been more than 117.4 million confirmed cases of Covid-19 around the world; more than 2.6 million people have died. A total of 221 countries and territories have been affected. Some 12 of the 14 countries and territories reporting no cases are small Pacific or Atlantic… Source link