Tag Archives: Rise

An advertisement for bitcoin and cryptocurrencies. Photo: Reuters Cryptocurrencies were broadly higher on Friday morning, ending a volatile week on a high note, as Venezuela’s government-backed digital currency kicks into gear and the US Federal Reserve chair said he has no intentions of banning crypto. Bitcoin (BTC-USD) was up roughly 3% to trade at $44,537 (£33,108) while Ethereum (ETH-USD) the world’s second largest crypto by market cap was up 2.3% to trade at $3,074. Venezuela had… Source link

Warby Parker (WRBY) shares began trading at $54.05 each on Wednesday, giving the direct-to-consumer eyewear company a valuation of about $6 billion. The company went public via a direct listing with a reference price of $40 per share set by the New York Stock Exchange. The stock soared more than 30% from its reference price in the first minutes of trading.  Warby Parker is seen as a disruptor within the eyewear industry.  “What a lot of people don’t realize is how big the optical business… Source link

(Bloomberg) — Stocks in Europe rose for a second day along with U.S. index futures as concerns about China Evergrande Group’s debt woes eased ahead of Wednesday’s Federal Reserve policy decision. Most Read from Bloomberg Basic resources and energy were among the leading gainers in the Stoxx Europe 600 index as commodity prices steadied after Beijing moved to contain fears of a spiraling debt crisis at Evergrande that could ravage demand from the property sector. Gambling operator Flutter… Source link

Stock futures traded slightly higher Wednesday evening to extend gains from a positive session earlier, with the three major indexes recovering from some heavy selling pressure earlier this month.  Contracts on the S&P 500 moved higher as the overnight session kicked off. Dow and Nasdaq futures also gained.  Traders are looking ahead to a set of key economic data on Thursday, which will show how solidly the consumer held up as the latest wave of the coronavirus spread across the U.S. The… Source link

(Bloomberg) — U.S. equity-index futures rose and European stocks inched closer to a record high as investors bet slower hiring in the world’s largest economy may delay a tapering of Federal Reserve stimulus. Aluminum hit a decade high amid political unrest in Guinea. The Stoxx Europe 600 Index rebounded from last week’s losses, led by technology shares. Contracts on the S&P 500 Index rose 0.2% even as U.S. markets were closed for Labor Day. Aluminum supplier Norsk Hydro ASA headed for a… Source link

Stock futures opened higher Tuesday evening, with the major equity indexes holding near all-time highs heading into the first session of September.  Contracts on the S&P 500 rose. The index closed out a seventh straight monthly gain in August, rising nearly 3% during the month as strong earnings growth, an ongoing economic recovery and a still-accommodative Federal Reserve helped offset fresh concerns over the Delta variant’s spread. Still, the Nasdaq outperformed with a monthly rise of 4%,… Source link

Stock futures moved to the upside Monday morning, extending last week’s gains and holding near all-time highs at the start of a busy week for new economic data. Contracts on the S&P 500 and Nasdaq each traded a tick above the flat line after the indexes set record highs last week. Dow futures also edged up, with gains in shares of Amgen and Home Depot leading the way higher. Optimism that the Federal Reserve will not immediately and jarringly remove its highly accommodative monetary policies… Source link

Home sales increased for the second straight month in July. Existing home sales rose 2% to a seasonally adjusted 5.99 million units in July, from a month earlier, according to the National Association of Realtors (NAR). June total units sold were also revised to 5.78 million. The results outpaced analyst expectations of a decline of 0.5% and 5.83 million units, according to Bloomberg consensus estimates. “The housing market went through a big swing during the COVID lockdown. Once the economy… Source link

Masks mandates are on the rise as the Delta variant of COVID-19 continues to spread across the United States — amplifying divisions between supporters of anti-coronavirus protocols and opponents who emphasize personal freedom. On Thursday at midnight, L.A. County enacted an outdoor mask mandate for large events with over 10,000 attendees, including concerts, festivals, and sporting venues — regardless of vaccination status. This comes after the L.A. County Public Health Department… Source link

Aug 9 (Reuters) – The following is a roundup of some of the latest scientific studies on the novel coronavirus and efforts to find treatments and vaccines for COVID-19.    Moderna’s vaccine may be best against Delta    The mRNA vaccine from Pfizer and BioNTech may be less effective than Moderna’s against the Delta variant of the coronavirus, according to two reports posted on medRxiv on Sunday ahead of peer review. In a study of more than 50,000 patients in the Mayo Clinic Health System… Source link