On the day, Alibaba Group Holding Limited (BABA) returns to Wall Street rising +5.5% to $265.49. Jack Ma, the founder of the Chinese e-commerce giant, appeared live on Wednesday in a video broadcast with about 100 teachers from rural China, a relief as it was the first public appearance...
On Monday, the New York Stock Exchange ended at new all-time highs, albeit marginal in amount of trading only days before the end of 2020. Markets celebrated the approval by Donald Trump of the proposed almost $900 billion budget funding package that the US President had tried to filibuster...
Through the Covid-19 vaccine, oil prices reported their 7th straight week of gains, hoping for a resumption of demand in 2021. For the January Nymex futures contract, the strongest since February prior to the pandemic, WTI light crude oil rose another 1.5 percent to $49.10 a barrel on Friday....
The "Black Gold" prices continued the upward trend for the third trading session in a row on Wednesday, December 16, and are at nine-month highs. The oil prices were backed by figures from the EIA agency, which last week showed a decline in crude oil reserves in the U.S....
The US dollar strengthened against major currencies on Friday, December 11. The DXY dollar index rose 0.21 percent to 91.98 points, while at 1.2144, the EUR/USD exchange rate was up 0.54 percent. The DXY index lost 0.29 percent a day earlier, and the Euro rose by 0.50 percent against...
At the time when much of Europe appears to be confined more or less seriously by the coronavirus outbreak, the disease is blazing through the Atlantic in the United States, where Southern California has since Monday asked its population to reconfigure. New restrictions have recently been introduced by many...
The clothing chain American Eagle Outfitters Inc. (AEO) was up 1.38% to $19.15 in the closing session of Friday. The company has recently released weaker third quarter results, posting declining income and revenues year on year. But the weakened results remained better than the forecast as well as Wall Street...
On Thursday, U.S. markets were aware of contrasting data around world’s several regions on the macro-economic front. At 57.8 in November, China's Caixin services index was better than anticipated compared to 56 consensus, showing a marked expansion. In Europe, however, PMI services dropped to 41.3 in November against consensus...
Five Prime shares are blazing hot after the company obtains all three efficacy endpoints in the Global Phase 2 FIGHT trials. The biotech firm, Five Prime Therapeutics, Inc. (FPRX) is soaring for a good reason as the company has achieved a great feat while obtaining all the three-efficacy endpoints of...
Comcast Corporation , a software and cable corporation is in talks with the distribution and retail giant Wal-Mart Inc in a deal to manufacture and distribute smart TVs according to some reliable sources. Comcast aims to curve a niche in the streaming apps market in addition to its...