Posts filtered by tags: Nasdaq[x]


 

US stocks dip from record levels on disappointing economic data and soaring COVID-19 cases

John Moore/Getty Images US stocks declined on Wednesday as a surprise jump in weekly jobless claims butted heads with vaccine hopes.The Dow Jones industrial average dipped below 30,000 after closing above the level at a record on Tuesday.New claims for unemployment benefits rose to an unadjusted 778,000 for the week that ended Saturday. Economists expected a reading of 730,000.Oil prices climbed on hopes for a demand rebound. West Texas Intermediate crude jumped as much as 3%, to $46.26 pe...
Tags: US, Trends, General Motors, Markets, Bloomberg, Economic recovery, Treasury, Oil Price, Salesforce, Federal Reserve, Nasdaq, Group, Dow Jones, Gold Price, S&P 500, Dow Jones Industrial Average


Dow closes above 30,000 for first time ever on Biden-transition rally

Getty Images / Scott Olson US equities jumped on Tuesday after the General Services Administration's ascertainment of President-elect Joe Biden's victory lifted investor sentiments.The Dow Jones industrial average climbed above 30,000 for the first time, marking a rapid comeback from the index's low of 18,213 in March.The GSA announced on Monday that it would provide the "resources and services" needed to start Biden's transition to the White House. It was the clearest sign yet that the Tr...
Tags: Elon Musk, Microsoft, White House, US, Trends, Markets, Tesla, Joe Biden, Bill Gates, Treasury, General Services Administration, Astrazeneca, Oil Price, Janet Yellen, Biden, Donald Trump


Pay-per-mile auto insurer Metromile is heading to public markets via SPAC

Metromile, the pay-per-mile auto insurer that earlier this year laid off a third of its staff due to economic uncertainties caused by COVID-19, is taking the SPAC path to the public markets. The company, which was founded in 2011 and is led by CEO Dan Preston, said it has reached a merger agreement with special purpose acquisition company INSU Acquisition Corp. II, with an equity valuation of $1.3 billion. Metromile said it was able to raise $160 million in private investment in public equity...
Tags: Fundings & Exits, Startups, TC, MetroMile, Tech, Mark Cuban, Nasdaq, Chamath Palihapitiya, Buffett, Social + Capital, SPAC, GEICO, Dan Preston, Palihapitiya, Clearbridge, Metromile Inc


Dow climbs 310 points as investors cheer transition to Biden administration

Mario Tama / Getty Images US equities gained on Tuesday as the General Services Administration's ascertainment of a Biden victory lifted investor sentiments.The GSA announced Monday afternoon it will provide President-elect Biden with the "resources and services" needed to start his transition to the White House. The move is the clearest sign yet that the Trump campaign accepts its loss in the 2020 race.Value and cyclical stocks outperformed as the GSA's decision diminished election-relate...
Tags: White House, US, Trends, Markets, Joe Biden, Treasury, General Services Administration, Astrazeneca, Oil Price, Janet Yellen, Biden, Donald Trump, Nasdaq, Dow Jones, Gold Price, S&P 500


Dow climbs TK points amid reports Janet Yellen will be named Treasury Secretary

BRENDAN SMIALOWSKI/AFP via Getty Images US stocks gained on Monday amid reports that former Fed Chair Janet Yellen would be selected as President-elect Joe Biden's Treasury Secretary.The news came on a day where investors cheered the data results from another COVID-19 vaccine candidate, this time from AstraZeneca.AstraZeneca said its COVID-19 vaccine candidate demonstrated an average efficacy rate of 70%, making it the third company to have announced vaccine data that surpassed the Food an...
Tags: Finance, White House, US, Trends, Markets, Joe Biden, Food And Drug Administration, Treasury, Trading, Stocks, Janet Yellen, Goldman Sachs, US Treasury, University of Oxford, Biden, Stock Market


Dow climbs 328 points amid reports Janet Yellen will be named treasury secretary

Janet Yellen. BRENDAN SMIALOWSKI/AFP via Getty Images US stocks gained on Monday amid reports that President-elect Joe Biden would select former Federal Reserve Chair Janet Yellen to be his treasury secretary.Earlier, investors cheered results from trials of another COVID-19 vaccine candidate, this time from AstraZeneca.AstraZeneca said its COVID-19 vaccine demonstrated an average efficacy rate of 70%, making it the third company to have announced vaccine data surpassing the Food and Drug A...
Tags: Finance, White House, US, Trends, Markets, Joe Biden, Food And Drug Administration, Trading, Stocks, Janet Yellen, Goldman Sachs, University of Oxford, Biden, Stock Market, Nasdaq, Dow Jones


Global stocks get lift from vaccine hopes, but Mnuchin's decision to nix Fed lending programs limits gains

REUTERS/Brendan McDermid Global stocks rose slightly on Friday, lifted by the COVID-19 vaccine sentiment, but US stock futures slipped after the Treasury's decision to allow several Federal Reserve emergency programs to expire soon.The "negative surprise" decision comes at a time when US economic data is weakening.Shares in Europe rose on expectations that a UK-EU Brexit trade deal could be announced as soon as Monday.Oil recovered from its start-of-the-month slump.Visit Business Insider's...
Tags: Hong Kong, Europe, Japan, UK, China, Germany, Nikkei, Global, US, Trends, Opec, Britain, Shanghai, Treasury, Deutsche Bank, Telegraph


Tech stocks lead the market higher as traders weigh vaccine progress against virus concerns

Lucas Jackson/Reuters Technology stocks led the market higher on Thursday, even as COVID-19 concerns lingered following New York City's decision to transfer its school system to remote learning. A rise in daily COVID-19 cases led to an infection rate of more than 3% in New York City, which spurred Mayor Bill DeBlasio to shut down physical learning at schools on Wednesday.On the economic data front, 742,000 more Americans filed for unemployment last week, more than experts had forecast. Wat...
Tags: New York, Congress, Finance, New York City, US, Trends, Markets, Deutsche Bank, Trading, Astrazeneca, Stocks, Goldman Sachs, Stock Market, Nasdaq, Dow Jones, S&P 500


US stocks decline as COVID-19 shutdown concerns persist

Paul Hennessy/NurPhoto via Getty Images US stocks fell on Thursday as concerns about another round of COVID-19-related lockdowns was heightened after the New Yor City school system transitioned to remote learning.A rise in daily COVID-19 cases led to an infection rate of more than 3% in New York City, which spurred Mayor Bill DeBlasio to shut down physical learning at schools on Wednesday.On the economic data front, 742,000 more Americans filed for unemployment last week, more than experts...
Tags: New York, New York City, US, Trends, Deutsche Bank, Astrazeneca, Goldman Sachs, Nasdaq, Dow Jones, Bill DeBlasio, Matthew Fox, New Yor City, Getty Images Us, COVID, Paul Hennessy NurPhoto, Lancet medical journal Oil


A Tesla rival is going public at a $5.4 billion valuation via a SPAC set up by Marvel Comics' ex-CEO

Arrival A Tesla-like British startup is set to go public at a $5.4 billion valuation via a special-acquistion company formed by former Marvel Comics CEO Peter Cuneo.London-based Arrival will combine with US firm CIIG Merger. The combined company expects to list on the NASDAQ under the ticker symbol "ARVL."Arrival competes with EV-maker Tesla and the creator of Amazon's first custom-electric delivery vehicle, Rivian.The startup's signed contracts currently amount to as much as $1.2 billion....
Tags: Amazon, Europe, Elon Musk, UK, Time, Marvel, US, Trends, Tech, Markets, Tesla, UPS, Michigan, Marvel Comics, Nasdaq, Jpmorgan


Google Pay redesign — Hedge fund salaries revealed — Affirm gears up for IPO

Traders with masks work on the first day of in-person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. REUTERS/Brendan McDermid The weekend is near.New York City public schools, the largest school district in the country, announced it is transitioning its more than 1.1 million students to remote learning. It's the latest sign of the type of lockdowns that are being rolled b...
Tags: Google, New York, Wall Street, New York City, Trends, Bloomberg, Getty Images, Morgan Stanley, Nasdaq, U S Treasury, E Trade, Brendan Mcdermid, Eaton Vance, New York Stock Exchange NYSE, Mario Tama Getty, Alex Morrell


Massive Fraud Alleged at Baidu-Targeted Chinese Streamer YY Live

U.S.-based investment firm Muddy Waters has alleged massive fraud at YY.com, the Chinese live streaming arm of NASDAQ-listed JOYY. Earlier this week Chinese internet search giant Baidu proposed the acquisition of YY.com for $3.6 billion in cash. Muddy Waters, which specializes in short-selling companies whose shares it expects to decline, issued its independent research into […]
Tags: Asia, News, Finance, Global, Baidu, Nasdaq, Muddy Waters, Joyy


Arrival becomes latest electric vehicle startup to test the public markets with a SPAC

Arrival has gone from stealthy electric vehicle startup to prospective public company in a span of a year. The UK-based company, which operated in relative secrecy for several years until January when it announced a $110 million investment from Hyundai and Kia, said Wednesday it has agreed to merge with special purpose acquisition company CIIG Merger Corp. Arrival was already considered one of the UK’s most valuable startups before Wednesday’s SPAC merger announcement.  This deal, which when ...
Tags: TC, Transportation, UK, US, Tech, Automotive, Nasdaq, Hyundai, Kia, Faraday Future, Fisker, SPAC, Rock Hill South Carolina, Chargepoint, LUMINAR, Abelson


US stocks resume climb as investors cheer COVID-19 vaccine progress

Brendan McDermid/Reuters US stocks climbed on Wednesday after Pfizer and BioNTech revealed positive final-analysis data on their coronavirus vaccine.The companies' candidate was 95% effective at protecting against COVID-19 in trial patients, Pfizer said Wednesday. The firms plan to apply for emergency-use authorization "within days."The news lifted major indexes and spurred investors to push more cash into small-caps and cyclical stocks.Boeing surged after the Federal Aviation Authority ap...
Tags: US, Trends, Markets, Bank Of America, Bitcoin, Food And Drug Administration, Treasury, Oil Price, Pfizer, Nasdaq, Ba, Boeing, Dow Jones, Gold Price, Btc, S&P 500


US stocks fall from record highs as virus concerns persist

Getty Images / Xinhua News Agency US stocks slid from record highs on Tuesday amid continued investor concerns about the COVID-19 pandemic and a lack of additional fiscal stimulus.Daily COVID-19 cases are rising in the US and around the globe, and lockdown restrictions are intensifying in states like California and Michigan.Another round of fiscal stimulus seems unlikely for now, especially after Senate Majority Leader Mitch McConnell said the Democrats' $3.4 trillion proposal was "unserio...
Tags: Amazon, Congress, California, Finance, Senate, US, Trends, Markets, Tesla, Democrats, Mitch McConnell, Trading, Stocks, Berkshire Hathaway, Warren Buffett, Michigan


US stocks fall from record heights as virus concerns persist

Getty Images / Xinhua News Agency US stocks slid from record heights on Tuesday amid continued investor concerns surrounding the COVID-19 pandemic and a lack of additional fiscal stimulus.Daily COVID-19 cases continue to rise in the US and around the globe, and lockdown restrictions are intensifying in states like California and Michigan.Another round of fiscal stimulus seems unlikely for now, especially after Senate Majority Leader Mitch McConnell said the Democrats' $3.4 trillion proposa...
Tags: Amazon, Congress, California, Finance, Senate, US, Trends, Markets, Tesla, Democrats, Mitch McConnell, Trading, Stocks, Berkshire Hathaway, Warren Buffett, Michigan


US stocks take a breather after hitting records as traders balk at spiking virus cases

Reuters / Andrew Kelly US stocks slipped, with the S&P 500 and Dow Jones industrial average trading lower after closing at record highs on Monday.Major US indexes were up sharply on Monday after the release of positive data on Moderna's COVID-19 vaccine — but investors elected to take a breather on Tuesday.Watch major indexes update live here.US stocks slipped on in Tuesday following record closes the prior day for the S&P 500 and Dow Jones industrial average.Despite a steady rise in daily...
Tags: Finance, US, Trends, Markets, Tesla, Trading, Stocks, Berkshire Hathaway, Warren Buffett, Abbvie, Stock Market, Nasdaq, Goldman, Dow Jones, S&P 500, Dow Jones Industrial Average


Global shares ease as vaccine euphoria wanes and US lockdowns come into force

FILE PHOTO: New York Stock Exchange opens during COVID-19 Reuters Global equities retreated modestly, as some of the euphoria over a potential vaccine that drove the Dow Jones to record highs the day before faded somewhat. New restrictions on movement in parts of the United States to halt the surge in the virus dimmed some of the optimism, helping keep safe-havens such as gold and Treasuries steady. Sharply rising cases, tightening lockdown restrictions could quickly knock the fragile econ...
Tags: Europe, US, Trends, Tesla, Frankfurt, United States, Paris, Barclays, Shanghai, Treasury, Tokyo, Brent, Pfizer, New York Stock Exchange, Nasdaq, Dow Jones


AirBnb files to go public amid substantial impact from COVID-19

Airbnb intends to raise public funds through an initial public offering (IPO) in the coming year and has filed its prospectus with regulators in the United States on November 16. The San-Francisco based vacation rental online marketplace, which operates in 220 countries and has booked 825 million guest arrivals leading to revenues worth over $110 billion in the last 12 years, was substantially affected by the COVID-19 pandemic, it said. “In light of the evolving nature of COVID-19 and the uncert...
Tags: Travel, News, Ipo, San Francisco, Bloomberg, United States, Airbnb, Nasdaq, Initial Public Offering, Airbnb Experiences, Coronavirus, COVID, Draft Red Herring Prospectus


Dow posts first record close since February as Moderna vaccine data spurs optimism

Getty Images / Scott Olson US equities soared on Monday after Moderna's encouraging vaccine update lifted hopes for a complete economic recovery.The Dow Jones industrial average and S&P 500 finished the day at all-time high levels. It marks the Dow's first record close since February.Moderna said Monday that its experimental coronavirus vaccine was 94.5% effective at preventing COVID-19 in trial patients. The biotech company plans to apply for emergency use authorization later this month.T...
Tags: US, Trends, Markets, Netflix, Barclays, Delta, Hotel, Treasury, Oil Price, Goldman Sachs, Pfizer, Airlines, Morgan Stanley, Nasdaq, Goldman, Dow Jones


Airbnb's IPO filing reveals exactly how the pandemic has devastated its business — and the startup is already projecting a winter decline as COVID-19 cases surge

Airbnb CEO Brian Chesky. REUTERS/Mike Segar Airbnb publicly revealed its initial public offering documents on Monday, reporting $2.52 billion in revenue for the first nine months of 2020 and a net loss of $696.9 million during the same period. The filing is outside investors' first look at the company's finances after it confidentially filed to go public in August. The pandemic hit Airbnb hard, forcing it to lay off 25% of its workers, raise $2 billion in emergency funding, and cut its val...
Tags: US, Trends, Bloomberg, Beijing, Airbnb, Goldman Sachs, The New York Times, Morgan Stanley, Nasdaq, Wall Street Journal, Signal, Journal, Brian Chesky, Silver Lake, Business Insider, EBITDA


Dow soars 450 points to new record as Moderna's vaccine update boosts investor optimism

Brendan McDermid/Reuters US equities soared on Monday after Moderna's encouraging vaccine update lifted hopes for a complete economic recovery.Moderna announced Monday that its experimental coronavirus vaccine was 94.5% effective at preventing COVID-19 in trial patients. Moderna plans to apply for emergency use authorization later this month.The Dow Jones industrial average hit an intraday record, while the S&P 500 traded less than 1% from its own all-time high.The news specifically lifted...
Tags: US, Trends, Markets, Netflix, Barclays, Delta, Economic recovery, Hotel, Treasury, Oil Price, Pfizer, Airlines, Nasdaq, Goldman, Dow Jones, Gold Price


Travel stocks rally after Moderna's vaccine progress lifts hopes for near-term reopening

Robert Alexander/Getty Images Airlines, cruises, and hotels all traded higher on Monday as encouraging results from Moderna's vaccine trial boosted the so-called reopening trade.Moderna announced Monday morning that its experimental coronavirus vaccine was 94.5% effective at preventing COVID-19 in trial patients.United Airlines, American Airlines and Delta jumped more than 5%.Cruises stocks rallied roughly 7%, while Mariott International and Hilton Hotels also saw strong gains.Visit the Bu...
Tags: Cruises, US, Trends, Markets, Netflix, Delta, Pfizer, Airlines, DAL, Nasdaq, Goldman, Jpmorgan, Cruise Lines, US Food and Drug Administration, Marriott International, CCL


Dow soars 375 points to near-record as Moderna's vaccine update boosts investor optimism

Brendan McDermid/Reuters US equities soared on Monday after Moderna's encouraging vaccine update lifted hopes for a complete economic recovery.Moderna announced Monday that its experimental coronavirus vaccine was 94.5% effective at preventing COVID-19 in trial patients. Moderna plans to apply for emergency use authorization later this month.Both the S&P 500 and Dow Jones industrial average opened within 1% of all-time highs.The news specifically lifted so-called reopening stocks including...
Tags: US, Trends, Markets, Netflix, Barclays, Delta, Economic recovery, Hotel, Treasury, Oil Price, Pfizer, Airlines, Nasdaq, Goldman, Dow Jones, Gold Price


US stocks post 2nd straight weekly gain as vaccine optimism offsets virus spike

Xinhua/Wang Ying/ Getty Images US stocks moved higher on Friday, closing out back-to-back weekly gains as a post-election rally was boosted by optimism surrounding a successful COVID-19 vaccine despite a record surge in daily cases. A strong efficacy rate of more than 90% from Pfizer and BioNtech's COVID-19 vaccine boosted investor hope that a reopening of the economy is likely in 2021.Investor optimism towards a COVID-19 vaccine could spill into next week as President Donald Trump prepare...
Tags: Finance, China, US, Trends, Markets, Trading, Stocks, Pfizer, Stock Market, Donald Trump, Nasdaq, Anthony Fauci, Jack Ma, Dow Jones, S&P 500, Dow Jones Industrial Average


Dow climbs 350 points on strong earnings and stimulus hopes

Getty Images / Bryan R. Smith US stocks climbed on Friday as investors look to close out a volatile week on a positive note.Sentiment was lifted after a series of strong earnings report from major corporations.Investor also continue to pin hopes on another round of fiscal stimulus after central banks warned of continued economic weakness due to surging COVID-19 cases.Watch major indexes update live here.US stocks climbed on Friday as investors looked to close out the strong news-driven wee...
Tags: Finance, China, Disney, US, Trends, Markets, Cisco, Trading, Stocks, Christine Lagarde, Pfizer, Stock Market, Nasdaq, Jack Ma, Dow Jones, Jefferies


US STOCKS-Wall St climbs on Cisco, Disney's upbeat results

* Indexes up: Dow 0.98%, S&P 0.90%, Nasdaq 0.61% (Adds comment, details; Updates prices)
Tags: US, Nasdaq, Dow, Cisco Disney


Dow industrials climb Friday as Cisco, Disney shares rally; Nasdaq heads for weekly loss

Stock benchmarks trade higher Friday morning, as investors look to end a bumpy stretch on Wall Street that has so far been mostly framed...
Tags: Nasdaq, Cisco Disney


Onfido’s Husayn Kassai steps back, brings in new CEO ahead of a planned IPO

There are big changes today at Onfido, the global identity verification and authentication platform which has rocketed in adoption as so many services become digitized during the pandemic. The company, which has raised more than $200 million to date, is appointing a new CEO with the intention of moving towards an IPO “at some point” in the future, according to co-founder and current CEO Husayn Kassai. Kassai has of this week handed over the reins to Mike Tuchen, the former CEO of Talend who succ...
Tags: TC, Europe, Microsoft, California, Ipo, Boston, US, Tech, Nasdaq, Onfido, Ruhul Amin, Husayn Kassai, Kassai, Talend, Mike Tuchen, Eamon Jubbawy


Dow climbs 230 points on strong earnings and stimulus hopes

Getty Images / Bryan R. Smith US stocks climbed on Friday as investors look to close out a volatile week on a positive note.Sentiment was lifted after a series of strong earnings report from major corporations.Investor also continue to pin hopes on another round of fiscal stimulus after central banks warned of continued economic weakness due to surging COVID-19 cases.Watch major indexes update live here.US stocks climbed on Friday as investors looked to close out the strong news-driven wee...
Tags: Finance, China, Disney, US, Trends, Markets, Cisco, Trading, Stocks, Christine Lagarde, Pfizer, Stock Market, Nasdaq, Jack Ma, Dow Jones, Jefferies