U.S real estate is poised for drastic changes as more people get the Coronavirus vaccine. Commercial real estate firm NAI Alliance is already predicting a surge in demand for retail, office space, and multi-family homes going forward. Real Estate Changes While the retail sector has felt the biggest brunt of the pandemic, most retail businesses
Cryptocurrencies continue to elicit bids as the buying spree continues to gather momentum. Bitcoin is already up by more than 30% for the year to record highs of $35,000. Ethereum, the second-largest cryptocurrency by market cap, is also registering substantial gains after powering through the $1,000 mark. Cryptocurrency Rally A 10% plus gain pushed Ethereum
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
U.S stock markets had one of the worst starts to a new year as stocks tumbled owing to growing concerns about the outcome of senate runoffs in Georgia. Uncertainty over the long-term impact of the COVID-19 situation also continues to take a toll on investor’s sentiments. Exchange-Traded Funds have also felt the full force of
Record-low interest rates’ triggered by the COVID-19 pandemic is the catalyst fuelling activities in the bond markets. U.S states, cities as well as schools, and other issuers have turned to municipal bonds in a bid to raise much-needed capital to navigate the challenging environment owing to COVID-19. Muni Bonds Surge Likewise, the amount of muni
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
With four million Americans now vaccinated against the coronavirus there are some signs that a permanent recovery is on its way, but what that recovery is going to be has the early signs of one that is still void of many jobs. When the economic crunch hit hard in March over 30 million Americans were
Gold futures started Monday on a high note seeing 2% gains and putting them at a level that would be the best annual return in a decade while the United States Dollar fell to its lowest value in about two and a half years. The high value of gold bullion is likely because of
Digital currency markets are in for one of the best starts to a new year with Bitcoin leading the fray on gains. With a number of crypto assets seeing significant price gains, Bitcoin continues to register new milestones as the upward momentum continues to gather pace. Cryptocurrency Rally Bitcoin has already powered through the $33,000
Billed as one of the most bizarre years, one thing stood out in 2020: Special Purpose Acquisition Companies SPACs. Better known as shell companies, SPACs took the market by storm as the need to raise capital inched a notch higher among private companies. While private companies have always had ample access to capital from venture
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
Ticketmaster has agreed to a fine in order to stop prosecution for alleged hacking that occurred from the company into one of their competitors computers. According to Ticketmaster, the incident was isolated, with two of their employees acting on their own volition to execute the hack. They state that the two have since been terminated.
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
Stock Exchange-Traded Funds continue to edge higher, having received a bid on the U.S President Donald Trump signing to law the $900 billion coronavirus relief package. The signing of the bill all but alleviated the risk of the government shutdown, conversely fuelling hopes of continued economic recovery. Stock Exchange ETFs Rally The passage of the
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
The stock market fell today, after a good Monday it seems that Tuesday is settling things down again. The Dow Jones fell 0.22% to close at 30,335.67. The NASDAQ fell 0.38% to close at 12,850.22 and the S&P 500 fell 0.22% to close at 3,727.04. Boeing is finally getting back in the air but
While 2020 was a rough year for many, although others were able to fix their issues and move forward from the March collapse. With extremely low interest rates coming from the Federal Reserve, as well as unprecedented support from the federal government to support the investing economy, with technology stocks doing the best on average.
Is the stock market about to catch a breather after a blockbuster 2020? That’s the million-dollar question heading into year-end. Stocks have been on a roll, with major indices flirting with record highs. Since Donald Trump assumed the reigns of powers in 2017, the S&P 500 has rallied by more than 60%. Stock Market rally
AstraZeneca plc. (NASDAQ: AZN) has quashed concerns about the efficacy of its experimental COVID-19 vaccine. In recent weeks, there have been growing concerns about the vaccine’s ability to combat the deadly virus, especially the new strain causing havoc in Europe. The AstraZeneca vaccine had initially shown an average of 70% effectiveness, but that level is
The stock market is looking pretty good coming out of the holiday and heading into the end of the year. With all three major New York exchanges reporting improvement over the market today. The Dow Jones closed up 0.68% at 30,403.97. The NASDAQ closed up 0.74% at 12,899.42 and the S&P 500 closed up 0.87%
The head of equity strategy at Wells Fargo Securities, Chris Harvey went on an interview on CNBC to discuss some of the storylines for 2021. The one that caught everyone’s eye was when he was talking about Tesla and compared it to AOL in 1998 by saying “It reminded us so much about 1998 —
With the second stimulus checks getting authorized with the signing of the $900 billion relief package attached to the omnibus spending bill it is important to remember that the amount per person is only $600 each this time, half of what it was for qualifying adults last time but slightly higher for qualifying children. Most
Mergers and acquisition activity, across most sectors, has remained at suppressed levels in the aftermath of the COVID-19 situation. A good number of companies resorted to conserving capital amid concerns over the uncertainty triggered by the pandemic. Fast forward, things are looking up, and observers are optimistic of deal-making improving and could bounce back to
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