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Stocks rally on Friday amid upbeat Q3 earnings and rising retail sales

--The Dow Jones Industrial Average traded near its highs, outpacing other indexes on Friday -- Upbeat earnings reported by major U.S. Banks such as JPMorgan Chase, Morgan Stanley, Citigroup, and Bank ...

By  Yashasvini On  2021-10-16 02:45:00
Wall Street shivers after Friday’s dismal jobs report

A weaker-than-expected jobs report triggered a weaker market as technology stocks came under pressure with a rise in bond yields. The Dow Jones Industrial Average fell 8.69 points, or less than 0.1%, ...

By  Yashasvini On  2021-10-09 03:32:00
U.S. Bancorp Launches Bitcoin Services For Fund Managers

U.S. Bancorp launched a cryptocurrency custody service for fund managers in the United States and the Cayman Islands. The country's fifth-largest retail bank will be catering to institutional investme...

By  Yashasvini On  2021-10-06 02:05:00
Market ends September with losses, indexes complete six-quarter gaining streak

All three major indexes fall in September after adding about USD600 billion in value since summer Nasdaq worst performer with 5.6% fall followed by S&P 500 falling 4.8% and Dow sliding 4.2% U.S. stock...

By  Arghyadeep On  2021-10-01 02:12:00
Warby Parker shares soar 30% in public debut on NYSE

Key Points: ·         Eyewear maker Warby Parker's shares surge more than 30% in public debut. ·         Stock price rises to $54.05 per share, compared to $40. ·         Valuation of the company rise...

By  Shubhangi On  2021-09-30 02:53:00
U.S. stocks recover from Tuesday’s shock, bond yields rise

KEY POINTS- -- Benchmark indices rose slightly after Tuesday's rough performance -- 10-year Treasury note rose 1.54%  -- Brent crude was trading at $78.71 on Wednesday, down 0.5% On Wednesday, the sto...

By  Yashasvini On  2021-09-30 02:51:00
Bond tapering fears resurface, Wall Street stocks fall

KEY POINTS- -- Bond yields rose to their highest for the sixth consecutive day -- Benchmark indices fell by nearly 1.5% on Tuesday -- Investors pulled out of technology stocks Wall Street witnessed a ...

By  Yashasvini On  2021-09-29 02:46:00
U.S. market regulator cracks down on SPAC equity auditing for second time - Reuters

• SEC is extending crackdown for the SPAC market by changing the audit process expressing concern that fewer regulatory inspections put investors at risk • Regulators told auditors to treat redeemable...

By  Arghyadeep On  2021-09-29 01:49:00
What is Evergrande crisis? Why are world markets jittery over Chinese group’s likely default?

     • Market watchers believe Evergrande may default on payouts of US$83 million on Sept 23, 2021, on a US$2 billion, 5-year bond issue     • A group of investors staged a protest in front of the com...

By  Prathapan On  2021-09-24 20:24:00
US stocks maintain follow-up rally as Fed keeps near-zero rates

KEY POINTS l Stocks maintain rally after Fed decision to keep interest rates near zero l Weekly joblesss claims rose U.S. stocks closed higher on Thursday, after the Federal Reserve announced its stan...

By  Yashasvini On  2021-09-24 04:43:00
Freshworks makes strong market debut valuing it at $12.2 billion

Business software firm Freshworks Inc on Wednesday made a strong market debut on Nasdaq valuing the company at $12.2 billion. Shares of the Salesforce rival Freshworks opened 21% higher at $43.50 comp...

By  Shubhangi On  2021-09-23 03:32:00
Fed keeps interest rates unchanged but reaffirms plans of early bond tapering

The US Federal Reserve kept the benchmark interest rates near zero and assured the market that the current pace of asset purchases would be maintained, but hinted that the interest rates could be hike...

By  Yashasvini On  2021-09-23 03:21:00
FedEx drops 10%, most in 18 months as labor shortage and higher wage hit earnings

FedEx Corp dropped on Wednesday, the most intraday in 18 months after it got hit by rising labor costs and supply-chain issues. The shares slumped more than 9% to $228.98 in New York, the biggest intr...

By  Arghyadeep On  2021-09-23 00:35:00
Roger Federer-backed sports apparel store On, jumps 47% in market debut

Shares of athletic apparel store, On Holdings, backed by Roger Federer, jumped 47% on its market debut, on Wednesday. The company sold 31.1 million shares raising $746 million in the IPO that was pric...

By  Yashasvini On  2021-09-16 03:42:00
Inflation makes its way into online stores, says Adobe report

Adobe Digital Insights released a report stating that prices of online goods have risen consecutively for the past 15 months. Inflation in the prices of goods sold online was up by 3.1% in July compar...

By  Yashasvini On  2021-09-15 23:33:00
Argo Blockchain jumps 17% on OTCQX in two days as it preps for Nasdaq IPO

Shares of crypto-miner Argo Blockchain PLC jumped more than 16.5% on the Over-The-Counter (OTC) market in the past two days after the firm said it is planning a public debut on Nasdaq. The UK-based fi...

By  Arghyadeep On  2021-09-15 21:39:00
Dow and S&P 500 record modest gains after five-day losing streak

Gains in energy stocks pushed the Dow Jones Industrial Average and S&P 500 to record their first positive finish in six sessions, on Monday. The Dow Jones Industrial Average was up by 261.91 points, o...

By  Yashasvini On  2021-09-14 04:01:00
AzurRx BioPharma announces reverse stock-split

AzurRx BioPharma, Inc. (NASDAQ: AZRX), a clinical stage biopharmaceutical company specializing in the development in the development of targeted, non-systemic therapies for gastrointestinal (GI) disea...

By  Hemanth On  2021-09-11 02:24:00
Sports apparel retailer Lululemon’s shares rally after an upbeat earnings report

Athletic apparel retailer Lululemon Athletica's shares continued rallying on Thursday after Wednesday's market performance after it posted its second-quarter earnings. The stock surged more than 13% o...

By  Yashasvini On  2021-09-09 23:49:00
Bilander Acquisition Corp. announces the separate trading of its common stock and warrants commencing september 8, 2021

Bilander Acquisition Corp. (NASDAQ: TWCBU) announced today that, commencing September 8, 2021, holders of the units sold in the Company's initial public offering may elect to separately trade shares o...

By  Hemanth On  2021-09-08 02:58:00
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