Trading Ideas
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Trading Ideas
Stock market news live updates: Stock futures drift higher ahead of Fed meeting
Stock futures kicked off the overnight session slightly higher, edging up slightly as market participants awaited the Federal Reserve’s latest monetary policy decision and commentary Wednesday. …read more […]
Business News
Pompeo chides HSBC for ‘corporate kowtow’ to Beijing
U.S. Secretary of State Mike Pompeo on Tuesday chided British bank HSBC for backing moves by China to end Hong Kong’s autonomy, saying such “corporate kowtows” got little in return from Beijing.
Trading Ideas
Fangdd or FANG? China Real Estate Firm Adds 395% in Mystery Move
(Bloomberg) — Maybe it was another case of mistaken identity, or just Pavlovian enthusiasm on a day when the FANG stocks were powering up. Whatever the reason, a company called Fangdd just jumped fivefold without any news to explain it.Fangdd Network Group Ltd., a Shenzen, China-based real estate firm that trades in the U.S. under the ticker DUO, nearly quintupled on Tuesday, jumping 395% to close at $47.06 per American depository receipt after starting the day at $10.The stock touched as high as $129.04 — an advance of more than 1,200% — before prompting a trading halt that paused the …read more […]
Business News
Thousands of Vodafone UK customers face call connection problems
Thousands of British customers of Vodafone Group Plc , the world’s second-biggest mobile operator, faced call connection problems on Tuesday evening, although they were resolved within an hour.
Business News
Stocks trend lower as investors step back, safe-havens rally
A recent run of optimism in markets hit the brakes on Tuesday as investors mostly pulled back from stocks, though the Nasdaq extended its record run to a new high, while the safe-haven yen, Swiss franc and gold rallied.
Business News
Oil rises as production curbs offset renewed demand fear
Oil prices rose on Tuesday, as optimism about recent commitments from major oil producers to curb production offset concerns that a resurgence in coronavirus cases could hurt fuel demand.
Business News
S&P 500, Dow ease as focus shifts to Fed; tech pushes Nasdaq to closing record
The S&P 500 and Dow fell on Tuesday, pausing after recent strong gains as focus shifted to the Federal Reserve, while the Nasdaq ended at an all-time high for a second straight day after briefly rising above the 10,000 mark for the first time.
Trading Ideas
Chewy tops Q1 revenue estimates, offers elevated guidance for Q2
Chewy released its first-quarter earnings results after market close on Tuesday, beating on its top line. The company offered guidance with stronger-than-expected estimates for its second quarter. Yahoo Finance’s Myles Udland breaks down the pet e-commerce company’s earnings on The Final Round. …read more […]
Trading Ideas
Nikola to open reservations June 29th for electric trucks
Nikola shares surged on On Monday after Nikola’s Founder and Executive Chairman tweeted that the company would begin taking reservations for a new electric pickup truck in late June. Yahoo Finance’s The Final Round panel discusses.
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Trading Ideas
Nano-Cap Drugmaker Surges 1,000% as Retail Enthusiasm Spreads
(Bloomberg) — Nano-cap Immuron Ltd. saw shares surge more than ten-fold on Tuesday afternoon as euphoria for retail traders took to the biopharmaceutical industry.The Australia-based company, which was valued at roughly $9 million coming into Tuesday’s session, saw its American depository receipts change hands at a record clip as retail investors cheered and Twitter users were left confused. More than 74 million shares were traded Tuesday which compares to a one-year average volume of less than 100 thousand.The biopharmaceutical company disclosed earlier that the Naval Medical Research Center, its partner, requested a regulatory meeting with the U.S. Food and Drug …read more […]
Business News
S&P 500, Dow ease after recent gains; Nasdaq ends at record
The S&P 500 and Dow fell on Tuesday after recent strong gains, while the Nasdaq ended at an all-time high for a second straight day after briefly rising above the 10,000 mark for the first time.
Business News
What to look for in the Fed’s U.S. economic outlook
U.S. Federal Reserve policymakers on Wednesday will publish their first economic projections since the coronavirus pandemic set off a recession in February, estimates expected to signal a collapse in output this year and near-zero interest rates for the next few years.
Trading Ideas
Business News
Oil rises as production curbs face renewed demand fears
Oil prices rose on Tuesday, as optimism about recent commitments from major oil producers to curb production offset concerns about a resurgence in coronavirus cases.