Japan's Nikkei 225 fell 0.29% while the Topix index traded near flat. In South Korea, the Kospi rose 0.15% while in Australia, the benchmark ASX 200 traded fractionally higher as major banking stocks came under pressure. Friday's session follows overnight moves on Wall Street where major U.S. indexes advanced following […]
Read moreHow Peloton's treadmill recall may impact future demand, consumer trust
Peloton issuing recall on treadmills may impact demand: BMO managing director BMO Capital Markets managing director Simeon Siegel discusses the impact of Peloton’s treadmill recall. Peloton investors are nursing their wounds after the company voluntarily recalled both of its treadmill products after the death of a child several weeks ago. […]
Read moreWhat to watch today: Futures mixed a day after Dow closes at a record
U.S. stock futures were mixed Thursday after strong earnings and economic optimism pushed the Dow Jones Industrial Average up nearly 100 points to a record closing high. The S&P 500 eked out an advance Wednesday, ending about 1% from last month's closing record. The tech-heavy Nasdaq fell modestly, finishing roughly […]
Read moreThe Macao investors in that mysterious $100 million New Jersey deli sure are hard to find
The biggest group of shareholders in Hometown International, the owner of a small New Jersey deli, is located in Macao, China. Hometown International's market capitalization has topped $100 million despite having a thinly traded over-the-counter stock, and an eatery with sales of less than $37,000 in the past two years. […]
Read moreYes, bank dividends are back but let’s not party like it’s 2019
The banking sector’s dividend party has kicked off again as earnings recover, but rather than returning to the pre-COVID rave it will be more akin to a dinner party. Two of three banks that reported their half-year profits this week – Westpac and National Australia Bank – have told investors […]
Read moreUber gross bookings hit all-time high of $19.5B as economy reopens
Uber OOH allows drivers to place ad panels on vehicles Adomni CEO Jonathan Gudai discusses his company’s partnership with Uber and Cargo, which allows drivers to put advertisements on their car like taxis. Uber's gross bookings soared to an all-time high of $19.5 billion in the first quarter, up 24% […]
Read moreNAB to pay 60c dividend as earnings jump
The National Australia Bank will pay shareholders an interim dividend of 60¢ per share, after it reports cash earnings of $3.3 billion for the half, a 48.1 per cent on the previous period. The big four bank’s revenue increased by 1 per cent over the six months to March 31 […]
Read moreCrude Oil Futures Settle Slightly Weak
Crude oil futures settled slightly lower on Wednesday as traders weighed global energy demand and supply prospects, tracking inventory data and reports showing continued surge in coronavirus cases in Asia. Data showing a sharp decline in U.S. crude inventories helped limit oil’s downside. West Texas Intermediate Crude oil futures for […]
Read moreEthereum, Dogecoin hit records
How investors can find opportunity in inflation: Expert Richard Bernstein Advisors CEO Richard Bernstein provides insight into economic recovery, the markets, inflation, taxes and what to expect from America’s GDP. Both Ethereum and Dogecoin climbed to new all-time highs on Tuesday as Bitcoin continues to stall. According to price tracking […]
Read moreRobinhood says people are tired of Warren Buffett and Charlie Munger acting like they're the only oracles of investing
Robinhood lashed out at Warren Buffett and Charlie Munger for criticizing its business model. People are tired of them acting like the only investing oracles, a company executive said. Both billionaire investors have dissed the brokerage for treating the stock market like a casino. Sign up here for our daily […]
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