Hedge funds pounce on companies infected by COVID-19
Hedge funds have lost billions of dollars as Coronavirus has stalled the economy.
Tag: Wall Street
Asian markets build on gains as central banks kick into gear
Asian markets rallied yesterday following a surge on Wall Street, with confidence buoyed by global stimulus measures to mitigate the economic impact of the coronavirus.
Asian markets mostly up after shock Fed cut sinks Wall Street
Asian and European equities rise after the US Federal Reserve slashed interest rates.
Asia markets mostly up as central banks prepare virus response
Most Asian markets rise for a second day following a blockbuster surge on Wall Street.
US stocks join global rout over Coronavirus fears
Wall Street stocks plunged in early trading, joining a global equity selloff.
Wall Street inches to records as global recovery continues
US stock at edge to fresh records on Tuesday.
Musk basks as Tesla shares soar
Tesla’s shares are heading into orbit on New York’s Wall Street, leaving conventional automakers in the dust.
Wall Street learns the cost of sexism
A prominent Wall Street figure loses the management of at least $1 billion in assets over his disparaging remarks about women.
Deutsche Bank begins 18,000 job cull in $8.3 bln reinvention
Deutsche Bank lais off staff in Asia as it began cutting 18,000 jobs.
US stocks gain as Fed signals rate cut
Wall Street stocks finish somewhat higher Wednesday.
How Venezuela’s Maduro turns useless bank notes into gold
Venezuela’s most successful financial operations have not taken place on Wall Street.
Caterpillar misses estimate, shares drop 6 pct
Caterpillar Inc reported quarterly profit that widely missed Wall Street estimates.
US repatriates half a trillion dollars
US companies have sent home over half a trillion dollars of cash they held overseas in 2018 to take advantage of tax changes.
Oil slide, China worries send Wall Street tumbling
Wall Street’s three major stock indexes lost ground.
Microsoft overtakes Amazon
Microsoft regains its spot as the 2nd most valuable US company on Friday after a disappointing quarterly report from Amazon.
Netflix sees record growth
Netflix Inc hooked 7 million new streaming subscribers from July to September, a third more than Wall Street had expected.
Alphabet trounces profit estimates as Google cuts costs
Alphabet Inc reports that expenses from its Google search business grew more slowly.
Congress eases post-crisis bank rules in victory for Trump administration
US House of Representatives passes bipartisan legislation that would ease bank rules.
China moves to rope in its tech ‘unicorns’
Having lost the likes of Alibaba and Baidu to Wall Street, China plans to woo them back.
Apple surprises with solid iPhone sales, announces $100 bln buyback
Apple Inc reports resilient iPhone sales in the face of waning global demand.
Investors look to Apple’s cash, services as iPhone sales stall
Apple present an opportunity and a concern that some investors hope will be addressed.
Twitter beats Wall Street estimates
Twitter reported its second profitable quarter and topped Wall Street estimates for revenue and monthly active users.
Wall St higher as US-China trade war heightens
Wall Street rebounded from last week’s trade tariff driven selloff to open higher on Monday.
Asia shares unnerved by trade tension
Sino-US trade tensions overshadowed a bounce on Wall Street.
Asia stocks start new quarter on front foot
Asian stocks began the new quarter on Monday with modest gains.
Wall Street gains falter, dragged down by tech
Wall Street gave up gains with technology stocks pulling Nasdaq into negative territory.
China’s premier pledges market opening in bid to avert US trade war
Li Keqiang says China and the US should maintain negotiations, as China scrambles.
Facebook shares slide after reports of data misuse
Facebook Inc’s shares fell more than 4 percent in premarket trading.
White House promises quick tariff decision
President Donald Trump’s team played down talk of a trade war.
Jumpy markets pose challenge for Trump
The buoyant US economy has been a much-needed bright spot for the White House.
