Welcome to the weekend! The S&P 500 SPX, +0.34% ended the week at a record (after setting its first record close in six months earlier in the week) — a 52% surge from the low of that fast and brutal COVID-19-related mid-March plunge. The Nasdaq Composite COMP, +0.41% notched its …
Read More »Economic Report: British economy suffered record collapse in the second quarter
A woman in a protective face mask waits for clients in a souvenir shop in landmark Southbank – a cultural centre of London as the city encourages internal tourism after global Coronavirus lockdown drastically shrunk international tourism in London, England, August 10, 2020. Dominika Zarzycka/Zuma Press The British economy collapsed …
Read More »Deep Dive: 20 stocks that investors hate but Wall Street loves as the S&P 500 nears a record high
This has been an adventurous year for stocks, with almost a full rebound for the S&P 500 Index from the pandemic lows of late March. But the rally has not been as broad as you might think. Below is a list of 20 stocks that are still down at least …
Read More »Europe Markets: Gold rallies to record and euro tops $1.17 while European travel stocks slump on Spain quarantine
Passengers wearing a face mask or covering due to the COVID-19 pandemic, arrive at Heathrow airport, west London, on July 10, 2020. daniel leal-olivas/Agence France-Presse/Getty Images Gold surged to a record and the dollar weakened Monday while European travel stocks slumped. As U.S. lawmakers debate another round of stimulus and …
Read More »Coronavirus update: Global cases of COVID-19 edge closer to 14 million as U.S. sets record case tally, Brazil tops 2 million
The number of confirmed cases of the coronavirus illness COVID-19 edged closer to 14 million on Friday, as the U.S. counted a record number of cases in a single day and regions around the world resumed restrictions on movement in a battle to contain the spread. Brazil’s case tally rose …
Read More »‘This was avoidable’: U.S. coronavirus cases hit new single-day record of 70,000
The surge in coronavirus cases has reached a new record. On Thursday, the U.S. recorded more than 70,000 new cases of COVID-19, up from 20,000 a day in June, according to data aggregated Johns Hopkins University, the COVID Tracking Project, and other independent calculations from the Washington Post and Reuters. …
Read More »Big Tech’s latest reckoning is coming as it continues to rack up record valuations
Tech’s Big Four CEOs should be nervous as they approach a virtual July 27 hearing before the House Judiciary Antitrust Subcommittee. So why aren’t they? Apple Inc.’s AAPL, -0.46% Tim Cook, Amazon.com Inc.’s AMZN, -3.00% Jeff Bezos, Facebook Inc.’s FB, -2.47% Mark Zuckerberg and Alphabet Inc.’s GOOGL, -1.74% GOOG, -1.97% …
Read More »Market Snapshot: S&P 500 tops 3,200 and Nasdaq hits record, lifted by renewed hope of coronavirus vaccine
Stocks rallied Monday as investors cheered news that the Food and Drug Administration granted “fast track” status to a pair of vaccine candidates produced by Pfizer Inc. and German biotech firm BoNTech SE. The upbeat mood on Wall Street comes even as investors prepare for a tough earnings season. What …
Read More »Coronavirus update: U.S. case tally edges toward 3 million after record one-day count and Florida intensive-care units are filling up
The number of U.S. cases of COVID-19 edged closer to 3 million on Wednesday, and intensive-care units in Florida were filling up, as the U.S. counted a record number of new cases of the deadly illness in a single day, in the latest sign that the virus is far from …
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