Tag Archives: Stocks

Stocks pointed sharply lower Monday as new data showed a jump in COVID-19 cases in both the U.S. and Europe. Restrictions tightened across major countries overseas, raising the specter of a further pullback in business operations and deeper anchor on global economic activity. Shares of companies set to benefit from a broader economic reopening including airlines like American Airlines (AAL), cruise lines including Norwegian Cruise Line Holdings (NCLH) and hotels like Wynn Resorts (WYNN) sank…. Source link

If you own stocks, hope for a come-from-behind win for sitting president Donald J. Trump on Election Day. Or so says the number crunchers at LPL Financial. Since 1950, the S&P 500 has added an average of 9.6% in the year after a president wins re-election. For instance, LPL Financial points to the re-elections of presidents Ronald Regan, Bill Clinton and Barack Obama as being particularly bullish for equities — stocks after each re-election rose close to 30%. The opposite has tended to happen… Source link

At the heart of the government’s lawsuit is a secretive deal under which Google allegedly pays billions of dollars a year to Apple to ensure that its search product is the default on iPhones and other Apple devices. Google has similar agreements with other companies, but the size of the Apple deal makes it especially crucial to the search giant. The deal: Google (GOOGL) CEO Sundar Pichai and Apple (AAPL) boss Tim Cook, met in 2018 to discuss how their companies could work together to drive… Source link

Major European stock markets were mixed Monday as a technical hiccup hit Paris and investors weighed the chances of a US stimulus package, dealers said. Following three hours of technical problems, Euronext said that it had annulled all trades after 5:30 pm  (1530 GMT), meaning the Paris benchmark CAC 40 index closed 0.14 percent higher, rather than 0.1 percent lower as originally calculated.  “Because of these issues, Euronext has decided to cancel all the trades that occurred after 5.30… Source link

Extremely Significant Deal Won’t Happen There will be no deal between Tinkoff Bank, one of the most popular in Russia, and Yandex, the country’s largest technology holding. The stocks of both companies led to a decline in the Russian market on Friday. Besides, the Central Bank has expressed a desire to check the companies for insider trading, according to media reports. Experts called the potential deal extremely significant for the entire Russian market since the merge of Tinkoff… Source link

(Bloomberg) — U.S. stocks extended their July rally amid a surge in technology shares and on news the White House and Democrats are planning to meet Saturday to discuss the next virus-relief package. Chief of Staff Mark Meadows said the administration is willing to compromise while House Speaker Nancy Pelosi noted Republicans didn’t have the votes to extend the $600 per week unemployment benefit that’s propped up incomes and spending. The Nasdaq 100 outperformed on solid earnings from… Source link

(Bloomberg Opinion) — There is no shortage of investors shrugging off the latest leg lower in U.S. Treasury bond yields, saying heavy central bank involvement in this part of the financial market make such moves less of a signal that the economy or that equities are headed for trouble. That interpretation would be a mistake. Recall that yields on 30-year government bonds started to decline on Jan. 2, anticipating the fallout from the budding coronavirus crisis that had taken hold in China…. Source link

(Bloomberg) — The dollar extended its recent slide and gold rose to a record high as investors mulled simmering Sino-American tensions, the upcoming Federal Reserve meeting and signs the virus spread in the U.S. may be slowing. Global stocks were mixed. The Bloomberg Dollar Spot Index fell as much as 0.8% to its lowest in about a year and a half. Shares fluctuated in Japan, Hong Kong and Australia, while U.S. and European futures climbed after last week’s declines. A 10% surge in Taiwan… Source link