U.S. equity markets ended the session mixed, paring the bulk of their losses Thursday, after the country's economy shrank the most in recorded history during lockdowns to curb the spread of the COVID-19 pandemic.
The Nasdaq ended the session...
Malaysia’s national stock exchange will explore the digitization of the country’s bond market through a proof-of-concept blockchain project.
Known as Project Harbour, the initiative will use distributed ledger technology (DLT) as a register for the Labuan Financial Exchange’s (LFX)...
Consumer staples stocks are bouncing back.
The sector has climbed over 1% since Monday, on pace to be the S&P 500′s best-performing group week to date as of Tuesday’s close.
Consumer staples stocks on the whole,...
Even for a market known to fall asleep over the summer, trading in Treasurys has gone quiet as the Federal Reserve asserts its intent to keep interest rates at zero for a long time.
The potential for interest rates...
Big tech could be about to make a big splash.
Four of the market’s five biggest stocks report earnings within a single hour on Thursday afternoon and that could cause big volatility in after-hours trading and again on Friday.
What happened
Shares of Plantronics (NYSE:PLT) soared today, closing up 18%, after the company reported fiscal first-quarter earnings. The audio technology specialist, which now goes by Poly, crushed profit expectations.
So what
Adjusted revenue in the fiscal first quarter...
The U.S. dollar hovered just above a two-year low on Wednesday, while stocks struggled, as growing worries about the U.S. economy had investors looking to Congress and the Federal Reserve for a renewed commitment to endless stimulus.
MSCI’s broadest...
Wall Street closed lower on Tuesday as investors fretted about weakening consumer confidence, disappointing financial results and as investors worried about wrangling in the U.S. Congress over a coronavirus aid plan.
Weighing heavily on the Dow were industrial conglomerate...
Asian shares were mixed Wednesday as reports of dismal company earnings add to pessimism over the widespread economic fallout from the coronavirus pandemic.
Tokyo’s Nikkei 225 index lost 1% after Fitch Ratings downgraded its outlook for Japan to “negative”...
There’s “mania” in the stock market as investors fear missing out on returns, according to Nobel Prize-winning economist Paul Krugman.
In a CNBC interview, Krugman said some traders have yet to grasp the extent of the economic harm from...
