The New York Stock Exchange has began the process of delisting securities of three China telecom companies, following President Trump’s order last month barring U.S. investments in Chinese firms believed to be owned or controlled by the Chinese military.Read More
The U.S. House of Representatives approved legislation Wednesday that would boot businesses from China and other foreign countries from U.S. stock exchanges if they failed to give American auditors access to examine financial reports.Read More
There were only two insightful reports on the economy this past week—for jobs and housing. Both show impressive gains.
Weekly initial unemployment claims fell by 56,000, to 787,000. They are down more than 100,000 from a month ago. There has also been a substantial decline in the insured unemployment rate to 5.7 percent from 8.7 percent a month ago. Also, the number of people receiving unemployment insurance payments fell to 8.4 million; it was 12.6 million a month ago.Read More
The rapid recovery from the lockdown continues. Economic reports from September indicate the economy has rebounded to 97 percent of its peak reached this past February. The surge in new orders for both manufacturing and service companies points to further gains in the months ahead.
These gains should bring the economy’s output and spending (GDP) back to its prior peak during the fourth quarter of the year.Read More
Some China observers are wary of a potential $40 billion initial public offering (IPO) by tech giant Ant Technology Group, saying the funds could underwrite China’s human rights abuses and risk U.S. national security.
The Committee on the Present Danger: China (CPDC) is urging the Hong Kong Stock Exchange, U.S. investment banks and the Trump administration to block the Ant Group IPO, which could be the largest IPO in history.Read More
Big technology companies powered stocks higher on Wall Street Monday, adding to the market’s gains after a three-week winning streak.
The S&P 500 rose 0.84% after being down 0.3% in the early going. Gains by technology and communication stocks and companies that rely on consumer spending outweighed losses elsewhere in the market. The rally, which gained strength in the final hour of trading, nudged the benchmark S&P 500 index to a slight gain for the year and drove the Nasdaq composite to an all-time high.Read More
Stocks closed higher on Wall Street Tuesday, extending the market’s recent winning streak after another strong showing by technology companies.
The S&P 500 rose 0.4% and is on pace for its third straight monthly gain. The Nasdaq composite, which is heavily weighted with technology stocks, climbed to an all-time high for the second day in a row. Bond yields rose, another sign of increasing confidence in the economy.Read More
Stock indexes are higher on Wall Street in choppy trading Monday as investors weigh the risks that rising coronavirus cases could pose to hopes for an economic recovery.
The S&P 500 rose 0.4% in midday trading after an initial slide of 0.6% following weakness in overseas markets as the global tally of infections approaches 9 million. The price of gold rose, a signs of caution in the market. Bond yields were mixed.Read More
Stocks rose again Tuesday, part of a strong and worldwide rally for markets, after a big rebound in buying at U.S. stores and online raised hopes that the economy can escape its recession relatively quickly.
The S&P 500 climbed 1.9% for its third straight gain, bringing it back within 8% of its record set in February. Gains have built in recent weeks as reports bolster investor expectations that the worst of the downturn may have already passed.Read More
Stocks swung solidly higher on Wall Street in afternoon trading Monday after the Federal Reserve said it would begin buying individual corporate bonds, the central bank’s latest move to prop up volatile financial markets through the economic fallout of the coronavirus pandemic.
The S&P 500 was up 1% after being down as much as 2.5% shortly after trading began in New York. The gains followed sharp losses in Asia and more moderate ones in Europe. Worries were on the rise that new waves of coronavirus infections around the world could derail the swift economic recovery that Wall Street had seemed sure just a week ago was on the way.Read More
Stocks moved higher on Wall Street in afternoon trading Friday, recouping some of their losses a day after the market had its biggest rout since mid-March.
The S&P 500 was up 0.7% a day after dropping 5.9%. The benchmark index is still headed for a weekly loss following three weeks of solid gains. Small-company stocks and bond yields moved broadly higher, signs that pessimism about the economy was easing.Read More
Stocks are rushing higher in morning trading Friday after a much better-than-expected report on the U.S. job market gave Wall Street’s recent rally another shot of adrenaline.
The S&P 500 was up 2.2% after the government said that U.S. employers added 2.5 million workers to their payrolls last month. Economists were expecting them instead to slash another 8 million jobs amid the recession caused by the coronavirus and the shutdowns put in place to stem it.Read More
If you own stocks, you’re probably searching for explanations about the sudden bear market. The answers you find likely start with an event: what the Fed does, what President Trump does, or what the coronavirus does.Read More
President Trump on Friday declared a national emergency to deal with the coronavirus pandemic, amid media hysteria and a tumbling stock market. The virus, which originated in Wuhan, China, has infected more than 1,700 people in the United States, and killed 41 of them.Read More
The Dow Jones passed the 29,000 mark for the first time in history during early trading Friday following a record high opening of S&P.Read More
Since the 2016 election, the U.S. stock market has produced historic records.Read More
Live from music row Tuesday morning on The Tennessee Star Report with Michael Patrick Leahy – broadcast on Nashville’s Talk Radio 98.3 and 1510 WLAC weekdays from 5:00 am to 8:00 am – Leahy spoke to Adam Darwish who is the Education Director and Senior Education Counselor for the Trading Academy in Nashville. Darwish talked about how the stock market embraces volatility and that many traders are not worried about impeachment because they don’t think it will pass the Senate.Read More
By Robert Romano In March, the Securities and Exchange Commission (SEC) proposed a new transaction fee pilot that would “subject stock exchange transaction fee pricing, including ‘maker-taker’ fee-and-rebate pricing models, to new temporary pricing restrictions across three test groups, and require the exchanges to prepare and publicly post data,” according to the…Read More
Tesla CEO Elon Musk is considering leading a buyout of the electric car maker in a stunning move that would end the maverick company’s eight-year history trading on the stock market. In his typically unorthodox fashion, the eccentric Musk dropped his bombshell on his Twitter account, which he has used…Read More
US Steel is hiring in the wake of President Donald Trump’s steel tariffs, CBS Pittsburgh says, citing a CNN Money report. US Steel said Tuesday it’s restarting the second of two blast furnaces at its plant in Granite City, Illinois, near St. Louis. It will bring on 300 workers to…Read More
Wall Street stocks finished a topsy-turvy session solidly higher Friday, surging in the final hour of trading and lessening the losses in a brutal week. The Dow Jones Industrial Average ended up 1.4 percent at 24,190.90 after swinging more than 1,000 points during the session.Read More
President Trump remained confident about the health of the economy Tuesday despite the wild ride on Wall Street, the White House said. “This president and this White House are focused on long-term economic fundamentals which are strong,” White House Deputy press secretary Raj Shah said on Fox Business Network.Read More
Veteran deal-makers in Hong Kong donned their distinctive red vests for the last time Friday as the city’s historic share trading hall closed for business for the final time. As electronic and internet services burgeoned, the vast majority of stockbrokers drifted away from the once raucous hall to base themselves…Read More
Microsoft on Thursday delivered stronger-than-expected earnings for the past quarter, lifted by gains in cloud computing and other business services. For its first fiscal quarter to September 30, the tech giant said profit was up 16 percent from a year ago to $6.6 billion. Revenue meanwhile rose 12 percent to…Read More
They may not agree with him, but they love his effect on the investment climate. A unique new survey of hedge fund managers, brokers and other financial wizards finds that 74 percent give President Trump high marks for his positive effect on the stock market, though only 40 percent approve…Read More
NEW YORK, January 23, 2017 /PRNewswire/ — Last Friday, benchmark US indices were in bullish colors as the NASDAQ Composite closed the trading session up 0.28%; the Dow Jones Industrial Average edged 0.48% higher; and the S&P 500 gained 0.34%. US markets made broad based gains with seven out of…Read More