The stock market saw some improvement today in New York with the Dow, NASDAQ and S&P all reporting increases. The Dow Jones closed up 0.54% at 28,363.66. The NASDAQ closed up 0.19% at 11,506.01 and the S&P 500 closed up 0.52% at 3,453.49. On the other hand STOXX Europe reported a slightly slower day, coming
Toy sales are seeing an increase that hasn’t been seen in over a decade, and definitely not since the beginning of the pandemic. Toy-maker Mattel believes it’s because parents are still looking for something that their children can do that will keep them entertained while social activities are restricted. In fact, Mattel has had to
We have another day where the prospect of a stimulus remains uncertain although talks between the White House and Democratic leadership in the House continued. What is now approaching however is that many of the small scale alleviation meations are set to expire at the end of the calendar year. This could make issues even
The cryptocurrency sector has been one of the bright spots amid the pandemic ravaged global economy. Mainstream adoption has gained traction, having become clear that digital currencies will play a pivotal role in the fast-growing digital economy. Likewise, RippleNet members have inked strategic partnership all in the effort of spreading the Ripple technology. RippleNet Deals
The U.S real estate industry has been a buzz of activities even on the pandemic taking a toll on various sectors. Investors have used the opportunity to purchase highly discounted properties. Likewise, some companies have been on an investment spree in coming up with new projects. Bandwidth New Headquarters Capital Broadcasting Company, in partnership with
The stock market saw a decrease today with the New York Exchanges all reporting a drop. The Dow Jones saw a drop of 0.35% to close at 28,210.82. The NASDAQ saw a drop of 0.28% to close at 11,484.69 and the S&P 500 saw a drop of 0.22% to close at 3,435.56. STOXX Europe also
PayPal is looking to launch some new features and that includes Crypto options to aid in both trading and shopping. In fact, the new service is expected to launch for the first time in the United States in just a few weeks. With the new cryptocurrency options for PayPal you’ll see several of the
The market has been seeing a single strategy, something that could be considered as “There is no alternative”. Riding the wave over the past few years as stocks have consistently gone up year over year. But the international banking investment firm Deutsche Bank says that the market has its limits and has set it’s twelve
The need for diversification is becoming a key theme, given the elevated volatility levels in the equity markets. Likewise, Exchange Traded Funds continue to offer a way out of the current dilemma as investors look to gain access to a broad pool of investments. Pacer ETFs Soaring AUM Pacer ETFs, a renowned provider of strategy-driven
The near-zero nominal interest rate has made income investing a little bit challenging for investors. Companies, on the other hand, have used the opportunity to raise capital, taking advantage of the low interest rates. Likewise, the Federal Reserve confirming it would purchase junk corporate bonds has all but continued to fuel investors’ appetites for bonds.
The stock market closed up today across the board in the US with the Dow Jones up 0.47% to close at 28,308.79, the NASDAQ up 0.33% to close at 11,516.49 and the S&P 500 up 0.47% to close at 3,443.12. On the other hand STOXX Europe closed down 0.23% at 365.95. The landmark antitrust case
The United States Justice Department is beginning what is going to be a years long antitrust lawsuit against Google’s umbrella company Alphabet Inc. and there are many questions about how far and how deep federal legislators can go for breaking up big tech companies. The specific antitrust lawsuit against Google that was announced Tuesday
The subsidy war for new customers is back and shares of one carrier so far indicate that the subsidies will hurt their bottom lines. AT&T, which extended their longest losing streak on the market in over a decade, is the first carrier to show they are having issues. They are at nine straight days of
The disconnect between the stock market and underlying fundamentals continues to arouse concerns. Stocks have continued to edge higher in total disregard of the economic turmoil owing to COVID-19 shocks. While the S&P 500 is up by more than 5% for the year, the rally does not paint a clear picture of the underlying developments,
SpaceX is poised to become one of the biggest broadband service providers. Under the stewardship of Tesla CEO, Elon Musk, the company launched Falcon 9 rocket, conversely taking 60 more Starlink satellites to the lower earth orbit. With the latest launch, the company now has 788 Starlink satellites in the lower orbit. SpaceX Broadband Service
Stocks closed down for the beginning of the week today with the Dow Jones reporting a loss of 1.44% to close at 28,195.42, the NASDAQ down 1.65% to close at 11,478.88 and the S&P 500 reporting a loss of 1.63% to close at 3,426.92. STOXX Europe also closed down 0.28% today to close at 366.45.
It’s coming up to earnings announcement time for two of the biggest 2020 companies and next week we’ll see if the results meet the hype. The first company, Netflix, has been one of the biggest gainers during the COVID pandemic, and is expected to have very good results as people have continued moving away
Results and analysis are in for the first month of consumer spending after the $600 unemployment boost was out, and what happened shouldn’t be a surprise to many. Spending levels in households that were employed remained relatively flat but those who received the unemployment are burning through the savings they grabbed at an alarming rate.
A coronavirus vaccine could be made available in the U.S before the end of the year. Drug maker Pfizer has confirmed that it could file for U.S authorization of its novel coronavirus vaccine in late November. The announcement should heave a sigh of relief as it comes just days after two companies were forced to
President Donald Trump Administration is already planning for the future as drug maker’s inch closer to gaining regulatory approval for coronavirus vaccines. The administration has confirmed that senior citizens in long-term healthcare facilities will get a vaccine free of charge once made available. Clinical trials The announcement comes at a time when most drug-makers working
The market closed today with mixed numbers heading into the weekend. The Dow closed up 0.39% at 28,606.31 and the S&P 500 closed up 0.01% at 3,483.81. On the other hand the NASDAQ closed down 0.36% at 11,671.56. STOXX Europe closed up 1.26% at 367.48. Overall, it’s a mixed message for what’s coming as we
Some of the top economists are saying that the end of the pandemic could also mark the start of a financial crisis. Though we’ve long known that the economy is heading in the wrong direction as a result of the pandemic, it appears that there could be even more danger at stake for the industry.
The biggest aviation mechanical bungle of the last decade is almost ready to fly again. That’s great news for everyone related to the airline industry. Carriers will be able to finally upgrade their fleets, the Federal Aviation Administration will be able to lose that cloud of doubt over their fast tracking regulation process, the manufacturers
Fleetwood Mac ‘Dreams’ is at the epicenter of one of the biggest challenges on viral video sharing platform TikTok. Just days after Nathan Apodaca rose to prominence with the original selfie-video skateboarding on Idaho highway jamming to the song while sipping Ocean Spray Raspberry Juice, songstress Stevie Nicks has once again excited viewers on the
Bitcoin has what it takes to rally past the $15,000 level after the U.S election. Those are sentiments shared by crypto index fund provider Stack Funds. The report also highlights that the flagship crypto could smash past the $12,000 level that has emerged as a critical resistance level soon. Bitcoin Price Analysis The cryptocurrency has
All three markets closed down yet again today as we come into the weekend. With the Dow closing down 0.07% at 28,494.20, the S&P 500 closing down 0.15% at 3,483.34 and the NADAQ closing down 0.47% at 11,713.87. STOXX Europe saw a decrease of 2.10% to close at 362.83. Two types of stocks seem to
The current virus situation is still spreading and it seems that there’s a whole lot of people struggling to get by in more ways than before. In fact, there are plenty of people who wanted to get back to their normal life over the summer and were pushing to get rid of masks. But that
This week in the labor market jobless claims jumped another 53,000 to 898,000 for the week ending October 10th, after the initial tally of 845,000 and industry experts expected around 800,000. That level of increase is likely because of more widespread outbreaks of COVID are affecting the job market like they did in March and
Blockchain and cryptocurrencies are the new themes taking the investment world by storm, given the benefits the two continue to offer in the ever-growing global digital economy. Mainstream institutions are increasingly taking note of the two as they promise to enhance operations in various sectors. DHS Blockchain Investment The U.S Homeland Security is the latest
Real estate has been one of the bright spots even as the pandemic continues to take a toll on investment sentiments in the capital markets. Investors and firms are increasingly flocking to the real estate sector in pursuit of highly discounted properties. Real Estate Acquisitions Alexandria Real Estate has been on an acquisition spree, having