U.S. stock benchmarks turned higher Monday, following losses for all three major indexes last week as investors weighed brightening economic prospects against worries that interest rates will climb sooner than anticipated. Investors will be attentive to comments from a parade of speakers from the Federal Reserve, including those from Chairman …
Read More »
Gold prices on Friday were set to take a pause from a recent series of gains that have taken it to around a six-week high, but the precious metal was on pace for its third consecutive weekly advance. Precious metals have been partly supported by central banks that have vowed …
Read More »
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 »
President Donald Trump on Monday tied the latest gains in the stock market to his coronavirus-aid moves on Saturday, as he spoke at a news conference that was interrupted by a shooting outside the White House. “So we issue those executive orders, and the stock market went up 358 points …
Read More »
This summer has been eventful for ByteDance, the owner of the rapidly growing social network TikTok. First, the Indian government banned the application from distribution in the country, due to concerns that the Chinese government might access user data. Then a number of U.S. companies warned employees to remove TikTok …
Read More »
Lemonade Inc. snagged 2020’s strongest initial public offering debut of a U.S. company as shares of the mobile-based insurance startup became the latest to more than double on their first day of trading. Lemonade LMND, +139.34% shares, which skyrocketed as much as 144% to hit an intraday high of $ …
Read More »
Gold futures on Monday headed modestly higher as investors fretted about the economic impact on China of the fast-moving outbreak of the coronavirus. The death toll for the novel strain of coronavirus climbed to more than 900 in mainland China, exceeding that of the severe acute respiratory syndrome, or SARS, …
Read More »