The Dow closed above a key technical level that is viewed by market technicians as signal that a new bullish trend may be at hand. The Dow Jones Industrial Average (DJIA) finished up 2.2% at around 25,548 on Wednesday,...
When the UK went into lockdown, financial trepidation spread into the Bitcoin world, according to a new study released Wednesday by “challenger bank” Revolut. The London-based fintech analyzed data from 3 million UK customers who use its crypto trading...
The equities markets far outpaced cryptocurrencies Tuesday on optimism that economic restrictions put in place to help slow the spread of the coronavirus are easing. Bitcoin (BTC) poked its head above the $9,000 level briefly during morning trading in...
Wharton School professor Jeremy Siegel told CNBC on Tuesday that new stock market highs this year is “a real possibility,” even as the economic consequences from the coronavirus remain present. “In fact, given no serious second wave, which could...
Tuesday morning brought renewed enthusiasm to Wall Street, as investors grow increasingly optimistic that economic reopenings taking place across the U.S. will have a positive result without causing a new uptick in COVID-19 cases. Market participants focused on the possibility that a...
U.S. Treasury yields rose Tuesday as global stock markets rallied at the start of the U.S. holiday-shortened week amid signs that more economies were on the path to lifting lockdown measures and restarting growth. What are Treasurys doing?
LATAM 787-9 over Rio (PRNewsFoto/LATAM Airlines Group S.A.) LATAM Airlines Group, the largest air carrier in Latin America, filed for Chapter 11 bankruptcy on Tuesday, according to a statement released on its website. Reservations, employee pay, flight vouchers as well...
World shares forged ahead on Tuesday and commodity markets drove higher as well, as investors disregarded Sino-U.S. tensions to focus on more stimulus in China and a re-opening world economy. Britain's FTSE .FTSE and Japan's Nikkei .N225 led their...
Amid the coronavirus pandemic, oil demand has plummeted over the last few months but Russia’s oil minister sees the global supply and demand situation rebalancing within two months, according to RIA sources, cited by Reuters. Russia’s Energy Ministry expects...
European equities rallied Monday as countries gradually continue to reopen their economies and lift coronavirus lockdown restrictions. The French CAC 40 finished up by around 1.9%, while Germany’s DAX index gained 2.6%. U.S. and U.K. markets were closed Monday...
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