Asia Pacific stocks were up on Thursday morning, contributing to a global rally as mostly positive U.S. data and positive signs about the impact of the omicron COVID-19 variant on the economic recovery. Japan’s was up 0.31% by 9:44 PM ET (2:44 AM GMT), with Governor Haruhiko Kuroda speaking earlier in the day. South Korea’s […]
Global financial markets are being whipsawed this week. Stocks on Wall Street have been suffering one of their worst selloffs of the year, as concerns over the spread of the Omicron coronavirus variant spook sentiment. No wonder—Omicron appears to be far more transmissible than previous variants, according to early studies. While it is still difficult […]
A global share rally continued in early Asian trading on Thursday and the safe haven dollar was on the back foot as markets took cheer from positive signs about the impact of the omicron variant of COVID-19 and U.S. economic data. gained 0.3% and MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6%, a […]
On Feb. 25, TWTR shares went over $80 hitting a record high. But since that high, the stock has lost about 45%; it closed yesterday at $44.37. The stock’s 52-week range has been between $41.01 – $80.75, and the market capitalization (cap) as of Tuesday is at $35.41 billion. The San Francisco-based company released Q3 […]
Gaming and social media giant Tencent will distribute most of its JD (NASDAQ:).com stake worth HK$127.69 billion ($16.37 billion) to its shareholders, losing its title as the e-commerce firm’s top shareholder. Tencent said on Thursday it was the right time to transfer its stake given that JD.com has reached a stage it can self-finance its […]
The year-end report card for the stock of the largest US communications network operator, AT&T (NYSE:), is just plain ugly. Shares are massively underperforming even as the company is going through a deep restructuring to win back investor confidence. By the close of Tuesday’s trade, AT&T stock, which finished the day at $24.47, was down […]
The U.S. Justice Department said it resolved probes into Balfour Beatty (OTC:) Communities, one of the U.S. military’s largest private landlords, after it pleaded guilty on Wednesday to one count of major fraud and agreed to pay over $65 million in fines and restitution. Balfour Beatty, which was being investigated for defrauding the U.S. Air […]
Peruvian community protesters who have blocked a key road used by MMG Ltd’s Las Bambas mine will clear the route until at least Dec. 30, but it is uncertain if the firm will restart operations based on the truce announced Wednesday. Las Bambas declined to comment on the decision but has said in the past […]
Analyst recommendations play a significant role in deciding which stocks to invest in. The stocks with a “strong buy” recommendation are expected to dramatically outperform the average market return or other stocks in the same sector or industry in the near term. Or, we could say, a rating of “strong buy” means analysts have a […]
Equity index futures were relatively flat Wednesday as investors tried to digest Tuesday’s rebound. Wednesday is likely to be the last “full” trading day of the week as investors will likely start leaving for the Christmas holiday. Trading volumes will be lighter. The United States (GDP) came in higher than expected for the third quarter, […]