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Stock markets


Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. Optimism is building that the UK economy is rebounding strongly from the economic shock of Covid-19, and that 2021 could see rapid growth. This morning, the EY ITEM Club have hiked their forecasts for growth in …

Shoppers wait for a GameStop store to open on at the Tysons Corner Center, in Tysons, Virginia, November 27, 2020. Hannah McKay | Reuters GameStop rallied on Monday after the brick-and-mortar video game retailer announced its succession plan as it seeks to pivot to e-commerce following a historic Reddit-fueled short squeeze earlier this year. Shares of …

Marvell Technology: “This is still the ultimate 5G play, and I am not backing away from that. They had a great quarter. Don’t let people tell you otherwise.” Crispr Therapeutics AG: “Crispr is one of the great spec stocks.” Lithia Motors: “I think it does [have more room to run] … I think that Lithia …

Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 5, 2020 at Wall Street in New York City. (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images) Photo by Johannes Eisele | AFP | Getty Images It took the SPAC market just three months to …

Traders work on the floor of the New York Stock Exchange. NYSE Stock traders don’t normally talk about bond auctions, but all this week the 10-year Treasury auction that will happen on Wednesday has been the main subject of conversation. “It’s been a long time since stock traders have cared about bond auctions,” Matt Maley …

A man wearing a protective mask walks past an electronic stock board showing Japan’s Nikkei 225 index at a securities firm Wednesday, March 3, 2021, in Tokyo. Stocks advanced in Asia on Wednesday after a wobbly day on Wall Street, when the S&P 500 gave back …

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 …

Stock markets in Europe are higher this morning as it seems that traders are less fearful of the lockdowns even though economic activity is likely to be curtailed because of the restrictions. Eurozone markets have recovered some of the losses they incurred yesterday and it is possible that a lot of the bad news relating …

Stocks closed well off their highs and the Nasdaq turned negative during a late-day slide on Wednesday. The S&P 500 did snap a three-day losing streak, and the small cap Russell 2000 closed at a record high. Tensions were high in Washington as President Trump vetoed a defense spending bill and called for changes to …

Jay Leno said he thinks the genius of Tesla’s CEO Elon Musk is that “he was building the infrastructure as he was building the vehicle.” “Even today, a lot of the major manufacturers build an electric car, but, oh, where do you charge it?” Leno told the “The News with Shepard Smith” during a Friday …