Gold futures fell on Friday, but headed for weekly gain in the wake of turbulent patch of trading for global equities. “The precious metal remains supported by low-to-negative government bond yields, rising coronavirus cases in the United States and a tired U.S. dollar,” said Lukman Otunuga, senior research analyst at …
Read More »Economic Report: U.K. GDP climbs 6.6% in July, as economy recovers slightly more than half of lost output
Shoppers walk by a discoloured patch of pavement in The Maltings shopping centre in Salisbury, southern England on September 4, 2020 . adrian dennis/Agence France-Presse/Getty Images The U.K. economy expanded by 6.6% in July, for its third consecutive monthly increase, according to data released Friday. The U.K. Office for National …
Read More »Earnings Results: Peloton produces profit for the first time amid pandemic-demand spike, stock pushes toward new record
Peloton Interactive Inc. reported fiscal fourth-quarter earnings Thursday afternoon. MarketWatch photo illustration/iStockphoto A year after its initial public offering, Peloton Interactive Inc. is pedaling toward new highs amid a pandemic that is forcing people into their homes and away from gyms, creating demand for at-home fitness equipment. Peloton PTON, -3.75% …
Read More »Key Words: Trump himself asks why Woodward didn’t immediately report the president’s comments about playing down the coronavirus
The reactions keep coming after excerpts from famed journalist Bob Woodward’s new book said that President Donald Trump knew early on that the coronavirus was “deadly stuff” but wanted to “play it down.” Woodward himself has drawn considerable criticism for not reporting Trump’s comments sooner — and the president has …
Read More »Europe Markets: After U.S. tech gains, European stocks pause as ECB decision awaits
(FILES) This file photo taken on March 12, 2020 shows flags of the European Union fluttering in front of the headquarters of the European Central Bank (ECB) in Frankfurt am Main, western Germany. daniel roland/Agence France-Presse/Getty Images European stocks were steady on Thursday, ahead of a European Central Bank decision …
Read More »The Wall Street Journal: TikTok, U.S. government discuss options to avoid outright sale
TikTok’s Chinese parent, ByteDance Ltd., is discussing with the U.S. government possible arrangements that would allow the popular video-sharing app to avoid a full sale of its U.S. operations, according to people familiar with the matter. Discussions around such an option have risen in prominence since the Chinese government took …
Read More »Cannabis Watch: Aurora Cannabis stock slides nearly 12% on news of up to $1.4 billion goodwill impairment charge
Aurora Cannabis Inc.’s stock tumbled nearly 12% Tuesday, after the Canadian company said it’s recording up to C$ 1.8 billion ($ 1.4 billion) of goodwill impairment charges on some of its past acquisitions. Aurora ACB, +3.05% ACB, +3.22% had the most accumulated non-cash value on its balance sheet of the …
Read More »: Millennials to redistribute wealth from older generations to the young in new ‘age of disorder,’ warns Deutsche strategist
It probably won’t take a great deal of persuasion to convince investors that there’s an “age of disorder.” That’s the title of a new Deutsche Bank research note, which says the world is entering its sixth distinct era of modern times. So say goodbye to the “era of globalization” and …
Read More »Microsoft’s new $299 Xbox Series S console is coming Nov. 10
It’s official: Microsoft Corp.’s Xbox Series S console is coming Nov. 10 for $ 299. Following a series of leaks, the software giant confirmed the next-generation videogame console in an official launch trailer on Tuesday. Microsoft MSFT, -5.41% did not release specs for the all-digital Series S, but it is …
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