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US Treasury rates fall as investors focus on Fed’s January monetary policy meeting

• 10-year Treasury note falls 4 basis points  • 30-year Treasury bond yield drops 3 basis points  The Treasury yield in the United States fall on early Friday morning after increasing to its highest p...

By  Ishika Dangayach On  2022-01-21 16:23:00
Sony’s stock drops 5% after Microsoft-Activision deal

• On Tuesday, Microsoft offered to pay $95 per share, in an all-cash deal to Activision • Analysts believe that this deal marks the rise of tough competition against Sony Sony Group Corp's (NYSE: SONY...

By  Yashasvini On  2022-01-20 02:24:00
Peloton insiders sold shares worth $500 million before the stock’s fall

• The company's CEO and other executives sold millions of shares at prices over $100 a share before the stock fell • CEO and co-founder, John Foley, sold $119 million worth of stock starting in Novemb...

By  Yashasvini On  2022-01-20 00:15:00
US Treasury yields surge amid market speculation over interest rate hikes

The Treasury yield in the United States surged to its highest point since December 2019 on Wednesday morning as the Federal Reserve will soon begin raising interest rates. The yield on the benchmark 1...

By  Ishika Dangayach On  2022-01-19 19:00:00
Evergrande’s blows weaken Country Garden’s dollar bonds

• Country Garden's longer-dated bonds fell to nearly 69 cents on the dollar as of late Friday.  • Its share price fell nearly 8.1% to HK$5.87 in Hong Kong China's largest developer by contracted sales...

By  Yashasvini On  2022-01-17 22:16:00
BlackRock manages assets of over $10 trillion, revenue misses analysts' estimate

• Asset managing firm added a net $169 billion in long-term investment vehicles • It also benefited from the rally in markets last year BlackRock Inc (NYSE: BLK) became the first publicly traded asset...

By  Arghyadeep On  2022-01-15 01:07:00
JPMorgan shares fell as bank lowers profit forecast

• JPMorgan reported a 14% drop in the fourth quarter profit compared with a year ago • JPMorgan said its ROTCE may fall below 17% this year JPMorgan Chase & Co (NYSE: JPM) shares fell as much 6% on Fr...

By  Shubhangi On  2022-01-15 00:55:00
Tech stocks weigh heavily on NASDAQ on Thursday

• A drop in tech stocks brought down the tech-heavy Nasdaq • US stocks cut off a three-day winning streak on Thursday after the rebound in technology shares paused US stocks cut off a three-day winnin...

By  Yashasvini On  2022-01-14 02:40:00
Virgin Galactic shares fell after company announces to raise $425 million in debt

• Virgin Galactic shares fell as much as 16% in trading hitting a low of $10.36 • Branson's company expects to raise $425 million from the sale of 2027 convertible senior notes Shares of billionaire R...

By  Shubhangi On  2022-01-14 00:47:00
Ford’s market value crosses $100 billion for the first time

• Ford's shares rose nearly 4.6% to $25.59 on Thursday • Ford's market cap increase comes at a time when the company intends to double production capacity Ford Motor's (NYSE: F) market value crossed $...

By  Yashasvini On  2022-01-13 23:54:00
FDA official says that ‘most people are going to get COVID’

• FDA Commissioner Woodcock stressed the need to ensure that the police, hospital and transportation services don't break down • More than 1.4 million new coronavirus cases were reported in the U.S. o...

By  Yashasvini On  2022-01-13 02:34:00
US stock indices advance as inflation rises

• S&P 500 rose 0.26 % • Nasdaq composite index gained 0.24 % • Dow Jones industrial average gained 0.13 % US stock indices edged up on Wednesday even after inflation was at its highest level since 198...

By  Ishika Dangayach On  2022-01-12 22:07:00
Infosys records annual revenue growth of nearly 21% for quarter ended December

• Large deal wins accelerated worth $2.53 billion in quarter-ended December boosted its confidence. • Consolidated net profit rose to $786.06 million Infosys reported its earnings for the quarter ende...

By  Yashasvini On  2022-01-12 21:40:00
Powell reiterates his stance regarding interest rate hikes

• "At some point perhaps later this year we will start to allow the balance sheet to run off," said the Fed Chair • "We'll be normalizing policy, meaning we're going to end our asset purchases in Marc...

By  Yashasvini On  2022-01-12 01:11:00
Albertsons sales grow with higher pricing, COVID-19 vaccines, profit margin decreases

• Albertsons reported profit but said gross margin is slightly lower • Shares tanked nearly 11% following the earnings, however, it is more than double since its IPO in June 2020 Supermarket chain Alb...

By  Arghyadeep On  2022-01-11 22:38:00
US Treasury yields edge down ahead of Powell’s Senate hearing

• 10-year Treasury note fell to 1.746 % • 30-year Treasury note fell to 2.073 % The Treasury yield in the United States dipped early ahead of Federal Reserve Chairman Jerome Powell's Senate hearing. A...

By  Ishika Dangayach On  2022-01-11 15:31:00
Chinese e-commerce giant opens robot-manned stores in the Netherlands

• The "robotic shops," branded Ochama, are located in the cities of Leiden and Rotterdam • Chinese e-commerce giant poses a challenge to US e-commerce giant, Amazon Chinese e-commerce giant ope...

By  Yashasvini On  2022-01-11 02:18:00
Airbnb stock falls after Piper Sandler analyst downgrades shares

• Champion termed Airbnb's valuation as "stretched" • Expedia has an ‘undemanding' valuation, he said Airbnb Inc stock fell 8% in early Monday trading after a Piper Sandler analyst downgraded the shar...

By  Yashasvini On  2022-01-11 00:14:00
SEC to call for transparency among private companies

• SEC has begun work on a plan to require more private companies to routinely disclose information about their finances and operations • The SEC is considering tightening regulations as many companies...

By  Yashasvini On  2022-01-10 22:40:00
Stock futures fall ahead of inflation data, Powell’s Senate hearing

• Dow Jones Industrial Average futures were flat  • S&P 500 futures dropped 0.11 % • Nasdaq futures plummeted 0.28 % U.S stock futures decline on Monday as investors are keeping an eye on new inflatio...

By  Ishika Dangayach On  2022-01-10 17:30:00
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