The Nasdaq and S&P 500 on Thursday closed at records and the benchmark indexes set intraday records as investors looked for more support for the struggling U.S. economy and improved vaccine distribution from the Biden administration. The Dow Jones Industrial Average slipped 12 points, or 0.04%, to end at 31,176.
During this week, Gamestop (NYSE:GME) stock caused a real bang. Many had already written off the game retailer, which has been struggling for years with falling sales and generally falling demand. The last numbers exceeded the (manageable) expectations of the analysts then quite clearly.
Stock trading volumes are through the roof. It's not just equity prices that are hitting new highs in 2021. Trading volumes for stocks and options are at records as well. "For trading volumes, the new year starts at a consistent, unprecedented strong & record pace," according to Rich Repetto, who tracks trading volumes at Piper Sandler.
Goldman Sachs has named two veterans of firm's strategy team to new key roles in its consumer and wealth management group. Jemma Wolfe and Stephan Lambert will lead the newly formed CWM Strategy team. Consumer and wealth management is one of Goldman's four divisions, housing its Marcus business and private-banking services.
President Biden on Thursday appointed Rebecca Kelly Slaughter as acting chairwoman of the Federal Trade Commission, a move that positions the Washington watchdog agency to take on a more aggressive role in policing Facebook, Google and other tech giants in Silicon Valley. Biden also designated Jessica Rosenworcel to serve as the acting chairwoman of the Federal Communications Commission.
The revision to Korea's Fair Trade Act should act as a catalyst to speed up SK Telecom's planned spin-off of multiple non-wireless businesses.
B2B API platform DriveWealth has bought incumbent broker Cuttone & Company to bring institutional-grade trading services to retail investors. This move will enhance its value proposition among fintechs. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry with the Fintech Briefing. You can learn more about subscribing here.
Social investing platform eToro has just published an update saying that everything is fully operational and apologized to clients who experienced login issues over the last few hours. It was not immediately clear what had caused the issues and how many users had been impacted.
Tencent's WeChat Pay and Alibaba's affiliate Alipay have long dominated digital payments in China, but they have always faced new challengers. The latest entrant in online payments is Douyin, TikTok's Chinese version. The short video app recently added "Douyin Pay" to ...
North America E-commerce market is expected to grow by 11.1% annually in the forecast period and reach $8,005.1 billion by 2030 driven by the rising online shopping and digital transactions amid the COVID-19 pandemic. The Market Intelligence Report On North America E Commerce Market is prepared through diligent compilation of analytical study based on COVID-19 impacts, historical records, current and upcoming statistics and future developments.
Even though small-cap stocks outperformed large caps in 2020, the companies in this sector are predicted to continue their upward trend. The Russell 2000, a small-cap index, generated a 20% return in 2020. Small caps outperformed both large caps and midcaps - as the S&P 500 generated a 16.3% return, while the S&P MidCap 400 produced a 13.7% return.
Introduction: This recent research compilation is a collaborated effort that has incorporated a well-knit analysis and assessment of a multitude of factors that leverage high potential. The report comprises a detailed overview of market trends, drivers, manacles and growth propellants that augment market growth transformation in significant ways.
Activist investor Ryan Cohen has notched a 300% gain on his GameStop investment. The Chewy cofounder spent $76 million for 9 million shares in the video-game retailer. Those shares are now worth over $320 million thanks to GameStop's soaring stock price. Visit Business Insider's homepage for more stories.
Extended lockdowns have led Ryanair to further reduce traffic forecasts. The Summer recovery has not been sustained, but shares continue to be valued at 20x pre-pandemic earnings.
Interactive Investor, Britain's second-largest direct-to-consumer share trading platform, is on the verge of another strategically compelling takeover with a deal to buy the retail business formerly known as Selftrade. Sky News has learnt that II is close to announcing the purchase of EQi, a division of the FTSE-250 support services group Equiniti.
HONG KONG (AP) - E-commerce workers who kept China fed during the coronavirus pandemic, making their billionaire bosses even richer, are so unhappy with their pay and treatment that one just set himself on fire in protest. China's internet industries already were known for long, demanding days.
Robinhood users get a lot of attention these days. Some view them as uninformed traders, others argue they outperformed many professionals off the lows of 2020. Researchers have recently run the data, and this is what they found.
Stocks on Thursday gave up gains and finished lower as investors awaited the details of President-elect Joe Biden's Covid-19 relief package. The Dow Jones Industrial Average went into the red in the last hour of trading and finished down almost 69 points, or 0.22%, to 30,991. It touched an intraday record at 31,223.
UNCTAD Secretary-General Mukhisa Kituyi today won an award for his tremendous contribution to the conceptualization, development and launch of the African Continental Free Trade Area (AfCFTA), under which trading commenced on 1 January. The AfCFTA created the world's largest free trade area, a $3.4 trillion market that will ease trade across borders for the continent's 1.3 billion people.
But the hopes are tempered by the reality that Biden may struggle to win support for massive spending, even from some Democrats, analysts say. "To some extent, most of this optimism had been priced in, but the huge figures had also invited some contemplation as to whether the necessary bipartisan support will materialize for this huge sum," Jingyi Pan of IG said in a commentary.