Stocks
The Australian stock market has surged 1.27% to 6,081 by 1 pm, with all sectors currently in the green and financials out-performing. National Australia Bank Ltd and Australia and New Zealand Banking Group Ltd were each up by more than 2%, while Westpac Banking Corp lifted 2.25%
Stocks
Stocks in London were higher at midday on Monday as investors took heart from inflation data from China and executive actions from the White House on coronavirus economic relief. The UK flagship FTSE 100 index was up 40.14 points, or 0.6%, at 6,072.32, while the mid-cap
Stocks
As investors weigh new jobless claims and COVID-19 relief packages, tech-heavy stocks have seen significant movements. The Nasdaq has traded modestly higher, while individual stocks have experienced varying degrees of change. Key movers on Thursday included Facebook, Fastly, Western Digital, Twilio, and Roku, each with unique stories and implications for
Stocks
Mike Mayo, Wells Fargo senior banking analyst, told CNBC that bank stocks could increase by 50% in the next 18 to 24 months due to the strong foundations of the banks and pent-up earnings. Mayo noted that banks are experiencing the highest buildup of reserves in history, which he believes
Stocks
Facebook and Alphabet have been gaining attention in the midst of an ongoing ad boycott, which is expected to last through the November election. While Facebook's shares fell 1.4% on Thursday, Alphabet and eBay saw significant gains, with the latter's shares rising 2.8% after
Stocks
As the social media landscape continues to grapple with concerns over hate speech and misinformation, Facebook Inc. (FB) shares have continued their downward trend, extending losses in pre-market trading Monday. The alarming trend follows a growing list of prominent companies, including Starbucks Corp. (SBUX), Coca-Cola (KO), Diageo, and Unilever, announcing
Stocks
Tourism sectors across Europe are showing renewed optimism as governments announce plans to ease travel restrictions and reopen key destinations. The surge in bookings is expected to continue, with British Airways owner International Consolidated Airlines Group's shares rising 20%, while easyJet and Ryanair shares increased 18% and 9%
Stocks
Aston Martin Lagonda Global Holdings on Tuesday confirmed that Chief Executive Officer Andy Palmer has stepped down with immediate effect, and Tobias Moers has taken his place. Moers, currently CEO of the AMG sports car arm of Mercedes Benz, has held that position since 2013. Palmer's departure comes
Stocks
Global stock markets experienced a boost in confidence as easing lockdown measures and promising coronavirus vaccine test results fueled hopes for a rapid economic recovery. Federal Reserve Chairman Jerome Powell stated that a steady economic recovery in the second half of the year could be expected, provided there is no
Stocks
U.S. stocks experienced a significant surge on Monday following the release of favorable test results for a possible coronavirus vaccine by Moderna Inc. The biotechnology company's announcement marked a major breakthrough in the development of a COVID-19 vaccine, and its stock price rose over 20% to $80.
Stocks
Lawmakers are tasked with regulating some of the most powerful industries in the private sector, but many are investing heavily in pharmaceutical and tech companies, raising questions about potential conflicts of interest. According to recent financial disclosures, over 50 lawmakers reported investing in the pharmaceutical and health products industry, with
Stocks
As the global economy continues to reel from the effects of the coronavirus pandemic, long-time bull Ed Yardeni predicts a strong backstop for the stock market through 2021, courtesy of the Federal Reserve's quantitative easing policy. Despite dismal economic data, Yardeni Research sees the S&P 500
