Some traders, investors betting on airline, leisure stocks as they eye end of coronavirus pandemic: Gasparino Sources tell FOX Business’ Charlie Gasparino that Wall Street traders and investors are prepping for a market reaction as the coronavirus vaccine is poised for distribution. U.S. equity markets got an extra lift Tuesday morning […]
Read moreStocks making the biggest moves in premarket: Zoom Video, Tesla, Exxon & more
Here are the companies making headlines in premarket trading: Zoom Video (ZM) — The video conferencing stock was down 7% despite Zoom reporting better-than-expected results for its third quarter. The company earned 99 cents a share on $777 million in revenue. Analysts surveyed by Refinitiv were looking for 76 cents […]
Read moreChina's Tianqi Lithium gets 1-month reprieve on $1.9 billion loan repayment
China's Tianqi Lithium said on Monday it had signed a letter with a syndicate of banks to extend by a month the maturity date on $1.884 billion of loans that were due for repayment at the end of November. Tianqi, one of the world's top producers of lithium chemicals used […]
Read moreMomentum and Mysteries: Investors Reflect on Bitcoin’s Record Run
On Monday, Bitcoin fans were rewarded with a long-yearned-for milestone: a record high for the world’s largest digital asset. Bitcoin rose as much as 8.7% to $19,857, nearly 2% higher than its 2017 peak. In the three years since that previous high, it went through a boom and bust and […]
Read moreModerna To Seek Emergency Use Approval For COVID-19 Vaccine Candidate
Moderna, Inc. (MRNA) said it will apply for an Emergency Use approval of its Covid vaccine as the latest study showed that the vaccine candidate is 94.1% effective to prevent Covid-19. The company said there have been no serious safety concerns identified. The company will file for an Emergency Use Authorization […]
Read moreTop Analyst Upgrades and Downgrades: Apple, BP, CrowdStrike, Delta, Moody’s, NuStar, PPL, Salesforce, Slack, Wells Fargo and More
Stocks were indicated to open slightly lower on Monday as profit-taking heading into the last day of November seemed to be the theme of the day. The Dow Jones industrials and S&P 500 are very near all-time highs, and many investors did not get to participate in the massive rally […]
Read moreStocks making the biggest moves premarket: Moderna, IHS Markit, Slack & more
Check out the companies making headlines before the bell: Moderna — Shares Moderna rose more than 11% in premarket trading after the drugmaker said new data confirms the vaccine is more than 94% effective in preventing Covid-19. Moderna plans to request emergency clearance from the Food and Drug Administration on Monday. […]
Read moreA Quant Pioneer Fights to Save Trend Following in Dismal Decade
Martin Lueck has already watched one systematic trading program reach the end of its shelf life when he was building a pioneering quant hedge fund in the 1980s. Now, the 59-year-old is confronting a fresh existential crisis in the world of Commodity Trading Advisors, who typically make money by riding […]
Read moreNaira Hits Four-Year Low as Nigeria Central Bank Adjusts Rate
Nigeria’s central bank weakened the naira for the third time this year as the regulator struggles to stem demand for dollars amid lower than anticipated foreign-currency inflows. The Abuja-based central bank adjusted the rate licensed bureau de change operators can sell the local currency to 392 naira per dollar from […]
Read moreAustralia Central Bank Seen Holding After Success of QE Drive
A month into the Reserve Bank of Australia’s A$100 billion ($73.6 billion) bond-buying program, it looks to be doing its job by driving bond yields lower and keeping a lid on currency appreciation The RBA will leave the cash rate and the three-year yield goal at 0.10% at Tuesday’s meeting […]
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