Investment strategy
Tax hikes, furlough extensions, hawkish tone: Predictions for UK budget
Chancellor of the Exchequer Rishi Sunak leaves 10 Downing Street after attending a Cabinet meeting on 14 February, 2020. Barcroft Media As British Finance Minister Rishi Sunak prepares to set out the country’s economic path to recovery, analysts are weighing the possibility of tax hikes and a nod to future fiscal tightening. The budget, due …
Nasdaq 100 tries to break losing streak, and traders look for discounts
The Nasdaq 100 has been seeing red. The tech-heavy index was in the green in Wednesday’s premarket after falling for six straight days. At Tuesday’s close, it was down 4% in the past week as rising rates made high-growth stocks less attractive to investors. Some of the hardest hit include high-flying names including Peloton, Zoom, …
What to expect from Robinhood, Reddit and Citadel
The chiefs of Robinhood, Reddit, Citadel and Melvin Capital, are headed to Washington for Thursday’s highly anticipated GameStop hearing at the U.S. Congress. Lawmakers will get their chance to grill the CEOs, as well as the Reddit trading star known as Roaring Kitty, about last month’s GameStop trading turmoil. Robinhood CEO Vlad Tenev, Melvin Capital …
Robinhood says restrictions on GameStop due to tenfold increase in deposit requirements
The Robinhood application on a smartphone. Bloomberg | Bloomberg | Getty Images Online broker Robinhood said that it put temporary buying restrictions on a small number of securities because central Wall Street clearinghouse-mandated deposit requirements for equities increased tenfold. The decision by Robinhood, a free-trading pioneer and app that’s popular among small investors, drew scrutiny …
NYSE will delist three big China telecoms, reversing decision once again
Signs of China Telecom, China Mobile and China Unicom are seen during the China International Import Expo (CIIE) at the National Exhibition and Convention Center in Shanghai, China, Nov. 5, 2018. Aly Song | Reuters The New York Stock Exchange will delist three Chinese telecommunication giants after all. The stock exchange will remove U.S.-traded shares …
European stock markets today: Brexit talks stutter
LONDON — European markets were mixed on Friday morning as British and European leaders strike pessimistic tones about the prospect of agreeing to a post-Brexit trade deal. The pan-European Stoxx 600 hovered either side of the flatline in early trade, with travel and leisure stocks sliding 0.8% while basic resources added 0.7%. British Prime Minister …
‘This is a big deal for us’
Ford Motor is carving a unique lane as the automaker goes after the electric vehicle market, newly installed CEO Jim Farley told CNBC’s Jim Cramer Thursday. Earlier that day the company announced a new all-electric van targeting business customers, as part of its $11.5 billion investment in electric vehicles through 2022. “This is a big …
No shows, no health care — shutdown crushes actors
Isabelle McCalla, Caitlin Kinnunen, and The cast of The Prom perform onstage during the 2019 Tony Awards at Radio City Music Hall on June 9, 2019 in New York City. Theo Wargo | Getty Images Just over a year ago, Caitlin Kinnunen was sitting shoulder-to-shoulder with the biggest Broadway names in Radio City Music Hall, …
Small caps break to record high, how to play rally
Small caps joined in on the market rally in a big way. The Russell 2000 rallied nearly 4% on Monday, hitting a record for the first time since August 2018. Ari Wald, head of technical analysis at Oppenheimer, said the move is a positive for the entire market. “This is a sign of broadening participation. …
Goldman’s bet to break into a $32 billion industry serving the world’s biggest corporations
Hari Moorthy, Goldman Sachs global head of transaction banking. Source: Goldman Sachs Goldman Sachs wants to help any company in the world become a bank. The firm has just released software that allows clients to embed banking services into their own products as part of a push to break into the $32 billion a year …
