Tag: Stock Market

NEW YORK (Reuters) – Wall Street is kicking off a crucial reporting season as U.S. companies provide quarterly results a year after the coronavirus pandemic crippled the economy and as investors look for reasons to support a stock market at record highs.FILE PHOTO: A sign for the Wall Street subway station is seen in the…

A GameStop store is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., January 27, 2021. REUTERS/Carlo AllegriNEW YORK (Reuters Breakingviews) – CLICKS AND BRICKS. GameStop, the $12 billion company buoyed by Reddit fans, plans to elect Chewy co-founder Ryan Cohen to chairman. He may help…

Apr 10th 2021SAN FRANCISCOFacebookTwitterLinkedInWhatsAppONE OF SILICON VALLEY’S most successful inventions is hype. It usually disappoints. In 2015 live-streaming from smartphones became all the rage. But Meerkat, an app which pioneered it, shut down the following year. On April 1st Periscope, its more successful rival, did too (no joke). Will Clubhouse, a buzzy app that hosts…

Apr 8th 2021FacebookTwitterLinkedInWhatsAppFACED WITH recalcitrant sovereign counterparties, foreign investors and companies occasionally take drastic action. A picaresque example of the genre occurred in 2012, when Elliott Management, a buccaneering American hedge fund which held distressed Argentine bonds, seized a handsome tall ship belonging to Argentina’s navy. Elliott’s aggressive tactics ultimately paid off, and others have…

FILE PHOTO: The Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New York City, New York, U.S., January 16, 2019. REUTERS/Carlo Allegri/File PhotoLONDON (Reuters) – Investors have pumped more money into equities over the past five months than in the last 12 years, BofA’s weekly flow figures showed on Friday,…

PARIS (Reuters) – France’s Michelin plans to add about 14 billion euros ($17 billion) to its annual revenues by 2030, by recovering from a pandemic-induced slowdown and diversifying beyond its tyre-making heritage into new activities including hydrogen power and medical devices.FILE PHOTO: Bibendum, the Michelin Man mascot, is seen on a tyre at the entrance…

MINNEAPOLIS (Reuters) – A critical care doctor called as a prosecution witness in Derek Chauvin’s murder trial testified on Thursday that George Floyd died from a lack of oxygen caused by being handcuffed face down in the street with the former Minneapolis police officer’s knee on his neck.“Mr. Floyd died from a low level of…

April 7 (Reuters) – Asian equities are poised to track Wall Street’s cautious gains on Thursday after minutes from the Federal Reserve’s latest meeting reiterated its commitment to keep interest rates low until the U.S. economy makes a more secure recovery.The S&P 500 and Dow closed slightly higher on Wednesday, as the Fed’s commentary reinforced…

SYDNEY (Reuters) – Asian share markets lagged on Thursday as U.S. stock futures nudged to another record high after the Federal Reserve underlined its commitment to keeping policy super loose even as the economy enjoys a rapid recovery.FILE PHOTO: People wearing protective masks, following the coronavirus disease (COVID-19) outbreak, are reflected on a screen showing…

April 7 – A look at the day ahead from Danilo Masoni.After European shares reclaimed pre-pandemic levels in a record-breaking session and Wall Street closed near all-time peaks, markets look like they may hit pause today, even though there seems to be nothing out there to stop the party.Japanese household confidence at an eight-year high…