Closing for the stock market was tempered today by news of President-Elect Biden’s plan for a nearly $2 trillion stimulus package. Not to mention the current impeachment news that has shaken up the entire country. The Dow Jones fell 0.57% to close at 30,814.26. The NASDAQ fell 0.87% to close at 12,998.50 and the S&P
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The release of President-Elect Joe Biden’s aid plan seems to have tempered some of the plans of the stock market, with numbers coming in slightly lower going in. The aid plan is expected to cost roughly $1.9 trillion and has already been touted as only the first step. It looks like some are a little
Movie star Arnold Schwarzenegger is the latest to call out and lash at President Donald Trump over his role in the insurrection that took place at Capitol Hill. In a viral video shared widely and viewed millions of times, the former governor has provided a somber but hopeful message about America that is under trial
Bitcoin has already had a blockbuster 2021, on rallying to record highs of $41,000. While the crypto has pulled lower, you will be mistaken to think the upward momentum has cooled off. As it stands, pullbacks have acted as minor corrections, from where bulls have come in and continued to push the crypto higher. Likewise,
The stock market saw a drop across the board today with all three major New York stock exchanges showing a decrease over the day. The Dow Jones saw a drop of 0.22% to close at 30,991.52. The NASDAQ dropped 0.12% to 13,112.64 and the S&P 500 fell 0.38% to close at 3,795.54. STOXX Europe, on
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U.S real estate has been a mix of fortune in recent months. While some markets have experienced a spike in home prices amid a spike in demand, some have seen a significant decline in deal activities. The outlook of the overall the market is dependent on how the U.S economy bounces off the COVID-19 pandemic.
Johnson & Johnson just might be adding their hat into the ring this year as yet another COVID vaccine provider. The company is expected to roll out their own vaccine in March, with effectiveness rates expected later this month or in the beginning of February. In fact, this is the first vaccine to be a
The stock market closed with mixed results today, with the Dow Jones coming in lower by 0.03% to close at 31,060.47. The NASDAQ closed up 0.43% to finish at 13,128.95 and the S&P 500 closed up 0.23% to finish at 3,809.84. STOXX Europe climbed today, by 0.11% to close at 409.07. GameStop Corp. saw
Exchange-Traded Funds (ETF) have been on a roll as investors look to diversify their investment portfolios. The diversified nature of these investment vehicles has proved to be highly reliable and resilient amid the elevated volatility levels in the market. Bond ETFs in Focus Capital inflows into exchange-traded funds have continued to edge higher as investors
In something that has become a cliche for many who have scoffed at cryptocurrency before, Bitcoin has entered bear-market territory as in the last 48 hours it has dropped at least 20%. Bitcoin has always been known as volatile and has a history of massive price swings both up and down over its history. It’s
Tesla Inc. (NASDAQ:TSLA) means business in pursuit of growth opportunities in the vast Chinese electric car market. The electric vehicle giant is expanding its Gigafactory in the city of Shanghai with the construction of new buildings. The tech giant also plans to appoint a new design director, tasked with leading the Chinese arm of the
Monday morning saw investors start their day by moving toward more conservative options with futures for precious metals like gold bouncing around as the global stock markets saw decreases and BitCoin, the modern rival to gold had a major price correction after a rally to $40,000. Also the United States dollar remained buoyant and may
It’s the end of the road for social networking app Parler as tech giant’s ramp up pressure and censorship on apps, forums and platforms at the heart of fuelling tensions and hate speech. Apple Inc. (NASDAQ:AAPL), Amazon.com, Inc.(NASDAQ:AMZN), and Alphabet Inc. Class A (NASDAQ:GOOGL) have banned the app on their respective stores over claims it
Following yesterday’s chaos at the Capital, it seems the stock market is coming back up as we head into the weekend. The Dow Jones finished up 0.18% to close at 31,097.97. The NASDAQ closed up 1.03% to finish at 13,201.98 and the S&P 500 closed up 0.55% to finish at 3,824.68. STOXX Europe also saw
In a mixed week for job results the number of Americans who applied for jobless claims for the first time fell slightly to start 2021, but unemployment is still very high and not very likely to fall until after the coronavirus pandemic goes away or at least is under control. Initial jobless claims traditionally filed
Supposed to be one of the safest places on earth, the U.S capitol turned out to be a battleground pitying the police and President Donald Trump supporters. The rioters prevailed be it for some time after gaining access to congress as part of a futile push to overturn the November 23 presidential election outcome. As
Bitcoin’s meteoric rise to record highs of $39,000 has propelled the overall cryptocurrency market cap to over $1 trillion. The milestone came on Bitcoin rallying by more than 8% in line with the bullish momentum in the overall cryptocurrency sector. Cryptocurrency $1 Trillion Milestone Even as Bitcoin raced to record highs, other cryptocurrencies also registered
The stock market showed some mixed results today with the Dow Jones and the S&P 500 coming in up but the NASDAQ coming in on a low. The Dow Jones closed up 1.44% to close at 30,829.40. The NASDAQ closed down 0.61% to finish at 12,740.79 and the S&P 500 closed up 0.57% to finish
It appears that measures to protect the public from the coronavirus pandemic hit back at private employers at the end of 2020 as private sector employment fell in December and cases, hospitalizations, and deaths from the coronavirus grew across much of the country. Employers who are active in the private sector were caught with dropping
The first major business transaction of 2021 was set in motion on Wednesday morning as Walgreens Boots Alliance Inc., the company that owns Walgreens pharmacies, announced that it has decided to sell a majority of its Alliance Healthcare business to the pharmaceutical product and services provider AmerisourceBergen Corp. in a $6.5 billion deal. The transaction
Tensions between the U.S and China remain at elevated levels. Beijing is the latest to take a swipe at Washington over an impending move to delist three Chinese Telcos from the New York Stock Exchange. China has already called out the action, insisting it amounts to a breach of the market rules and is only
It’s all systems go for Fiat Chrysler and Peugeot owner PSA Group merger. Shareholders have voted overwhelmingly for the proposed merger that will result in the fourth-largest automaker in terms of sales. FIAT-PSA Merger Under the proposed merger terms, PSA CEO Carlos Tavares is to become the CEO of the new company that will be
The market is looking pretty bleak in New York today, with all three major markets coming in low. The Dow Jones fell over 500 points and 1.25% to close at 30,223.89. The S&P 500 fell 1.48% to close at 3,700.65 and the NASDAQ fell 1.47% to close at 12,698.45. On the other hand, STOXX Europe
Coinbase is the latest crypto player to find itself embroiled in a tricky lawsuit over the sale of unregulated securities. The U.S-based crypto exchange is to stand trial for allegedly receiving commissions on XRP coins’ sale on its platform. Coinbase Sued According to the lawsuit lodged by Thomas Sandoval, the crypto exchange went forth and
The U.S real estate sector has shrugged off the shocks triggered by the COVID-19 pandemic to cap one of the finest runs amid a challenging macro environment. Contrary to expectations, the pandemic has fueled activities in the sector as health concernstriggered the digitization of the home buying process. Pandemic Triggered Home Buying As remote-working took
The market is trending back up again, though it’s unclear just what might be pushing things in a positive direction. The Dow Jones rebounded up 0.24% to close at 30,409.56. The NASDAQ closed up 0.15% to finish at 12,870.00 and the S&P 500 closed up 0.13% to finish at 3,732.04. On the other hand, STOXX
An economist from the 19th century may have been a good indicator as to what happened this year in the market. As economists review what happened in 2020 and what 2021 may be factored by what the economist Knut Wicksell of Sweden said in 1898. His theory that marginal return on capital can only be
Treasury bonds are once again showing signs of finishing the year on a high after a roller-coaster 2020. After initially plunging to record lows in the first quarter of the year, they have bounced back at the back of a wave of stimulus packages by policymakers. Bonds Rally The 10-year treasury yield was up by
Stimulus checks are set to be distributed in the coming days, but that may be called into question as Congress, and specifically the Senate, are struggling over the bill. The President signed the original bipartisan bill, passed by Congress on Sunday, however he also called for an increase to the individual checks being sent out
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