Major investors have been leaving energy stocks for dead during the year as supply gluts have been causing prices for resources to slump. With the hope of a fast recovery for travelling in 2021 many are looking ahead to try and make gains as energy demand grows worldwide. An interview with the president of
Month: November 2020
November has been an absolutely brilliant month for the stock market as investors boosted stocks all across Wall Street as news from multiple companies about positive COVID-19 vaccines coming close to distribution led some to believe that the old normal would soon be returning. December could be a barometer as to whether that was all
The stock market saw a decline coming out of the holiday weekend. While the decrease was slight, it’s still not a good sign coming into the end of the month. The Dow Jones fell 0.91% to close at 29,638.64. The NASDAQ fell 0.06% to close at 12,198.74 and the S&P 500 fell 0.46% to close
Record high PC sales seem to be helping HP Inc., reach new milestones. In fact, they managed to top Wall Street estimates for their fourth-quarter results, coming in with a non-GAAP net income of $800. This is less than the year-ago quarter when they were a full $100 million higher. The company has seen a
The market came back a little mixed heading into the holiday, though none of the stocks seem to have shown a dramatic change. The Dow Jones dropped 0.58% to close at 29,872.47. The NASDAQ closed up 0.48% at 12,094.40 and the S&P 500 closed down 0.16% at 3,629.65. STOXX Europe also closed down slightly today
In a time when no news is bad news over the long term for investments it’s getting difficult for observers and analysts to think that major risk is going to cause a downturn. During Tuesday’s session the DOw Jones Industrial Average was noted for cracking the 30,000 point range, it’s 25th record close of the
The Dow Jones climbed to a record milestone today, making its way to 30,000 for the first time ever. This after a rough year that saw many days of below average numbers and sharp, record falls. But it seems that the market is finding a way to rally once again. In fact, it’s rallying better
Th US Stock market seems to be on an upward swing again with stocks rising for the second day in a row in the new week. The Dow Jones closed up 1.54% to finish at 30,046.24. The NASDAQ closed up 1.31% to finish at 12,036.78 and the S&P 500 closed up 1.62% to finish at
Analysts from Morgan Stanley investments have named a set of stocks known for their cyclical nature that will likely be on the upswing after a coronavirus vaccine has been made available enough to lead to a recovery. In a note sent by equity analyst Matthew Garmen of Morgan Stanley said that “The valuation case for
U.S stocks finished higher on Monday after a choppy start to the week. Hopes a COVID-19 vaccine continued to boost investor’s sentiments on stocks with sensitive sectors such as energy and industrials racing higher Stocks Rally Likewise, stock futures climbed in overnight trading on Monday following a strong session at the start of the week.
Janet Yellen is the woman president-elect Joe Biden has turned to in a bid to revitalize the U.S economy, which has been in limbo owing to COVID-19 shocks. If approved by the senate, she is poised to become the first female Treasury secretary taking over from Steve Mnuchin. Yellen Career It would mark another milestone
Former Chairperson of the Federal Reserve Janet Yellen was selected by President-Elect Joe Biden to become the next Treasury Secretary of the United States. A former Chair of the Federal Reserve, she is very popular with heavy hitters on Wall Street but was looked over by current President Trump for Jerome Powell, who was a
The market saw a positive day today, closing out the beginning of the week with stocks rising. The Dow Jones closed up 1.12% at 29,591.27. The NASDAQ closed up 0.22% at 11,880.63 and the S&P 500 closed up 0.56% at 3,577.59. STOXX Europe, on the other hand, saw a decrease today of 0.20% to close
Monday was a great day for Tesla Inc, as their shares roared by over 6.5% after an analyst for Wedbush named Dan Ives boosted the base-case price target, saying that he can see a scenario where the maker of the electric vehicle market leaders shares could reach $1,000 or above, about doubling what it is
EQT Corporation. (NYSE:EQT) has been on an aggressive acquisition spree as it looks to strengthen its prospects and competitive edge in the embattled energy industry. After acquiring assets belonging to Chevron Corporation (NYSE:CVX) to a tune of $735 million, the company has affirmed it is not yet done in driving the wave of consolidation in
Investors are bracing themselves for the shortest trading week of the year as the holiday season comes calling, starting with the observance of the Thanksgiving holiday in the U.S. All the major exchanges will remain closed on Thursday and close early, on Friday, as Investors break for thanksgiving and Good Friday. Thanks Giving- Black Friday
Closing out the week the stock market saw a second straight day of falling prices. The Dow Jones fell 0.75% to close at 29,263.48. The NASDAQ fell 0.42% to close at 11,854.97 and the S&P 500 fell 0.68% to close at 3,557.54. On the other hand, STOXX Europe saw an increase today of 0.45% to
With stiff competition in Kohl’s, Macy’s, Walmart and Best Buy Physical locations as well as Walmart and Amazon online, Target seems to be pushing itself forward in entirely new ways, and it just might be able to come out on top. It’s unclear what exactly is driving all of the benefits, but the company seems
Late Thursday afternoon the United States Treasury Secretary Steven Mnuchin wrote a letter to the Federal Reserve that his department won’t be extended and that it will expire fully at the end of the year. In the letter Mr. Mnuchin said that the Federal Reserve’s lending program for small and medium businesses would be terminated.
Bitcoin remains supported for further price gains above the $17,200 level. According to popular Bitcoin trader Edward Morra, the level is a major buy wall that continues to attract buyers, most of whom believe the flagship cryptocurrency is on its way to record highs of $20,000. Bitcoin Price Analysis Bitcoin whales are reportedly using large
This is the moment a senior running -back for Livonia Stevenson High School in Michigan became the talk of social networks, after a video of him lip-syncing Justin Bieber and Sean Kingston hit Eenie Meenie went viral. The moment captured shows Caden Woodall grinning from ear to ear while singing along to the song. Eenie
GM had originally announced that it would devote $20 billion to work on developing more electric vehicles and even fully autonomous vehicles within the next five years. But they’ve now decided to increase that number, pledging a total of $27 billion through 2025 to turn not just a small portion of their vehicles to electric,
The market saw a slight rebound today as stocks climbed coming into the end of the week. The Dow Jones rose 0.15% to close at 29,483.23. The NASDAQ rose 0.87% to close at 11,904.71 and the S&P 500 rose 0.39% to close at 3,581.87. On the other hand STOXX Europe saw a less than stellar
Applications for state level unemployment benefits for first time collection grew during the first half of November, for the first time in over a month, which is leading to a belief of added stress on the consumer side of the economy among the record breaking increases for new coronavirus cases across the country. New initial
The COVID-19 pandemic has caused too much pain and suffering in addition to disrupting various sectors. While the commercial real estate sector has remained resilient throughout the year, a ferocious second wave threatens to change everything, a change in the way people work, shop, and spend leisure time, owing to the pandemic, is the biggest
Binance has filed defamation charges against two Forbes writers over an article published, purporting to show how the exchange evades regulations. The complaint filed in a U.S District Court alleges the article ‘Leaked Tai Chi Document,’ contains lots of false, misleading, and defamatory statements. Forbes Sued Michael Del Castillo and Jason Brett are the writers
It seems Google is not one to be satisfied with any of their ventures, not when they can reach into even more. And that’s the case when it comes to their Google Pay app and the new features they’re set to roll out in conjunction with Citi and Stanford Federal Credit Union. Beginning in 2021,
The stock market reported yet another drop today, with the Dow Jones falling 1.16% to close at 29,438.42. The NASDAQ closed down 0.82% to finish at 11,801.60 and the S&P 500 closed down 1.16% to finish at 3,567.79. STOXX Europe, on the other hand, saw an increase of 0.45% to close at 390.56. The
Even with low interest rates and massive quantitative easing happening at the same time to try and boost bottom lines of major corporations it likely isn’t enough to see massive growth in the stock market. Something else has to be there to make that happen. The advisory group at JPMorgan Chase’s global quantitative easing group,
U.S stocks and ETFs are under pressure despite starting the week on a roll on the confirmation of a Moderna coronavirus vaccine that is 95% effective. A fall in drug store stocks and lackluster economic data, owing to the COVID-19 disruptions, is taking a toll on sentiments in the ETF marketplace. ETF-Stocks Sell-off Major stock