Facebook shares have bounced by 2.1% one day after taking a beating as services resumed following outage.Tech and financial companies Apple, Microsoft, Amazon and Alphabet are significantly among top advancers, each rose more than 1% following a selloff in growth stocks the day before. PepsiCo gains on raising annual revenue …
Read More »Asian stocks fall over oil and inflation concerns
Asian shares tracked a broad selloff on Wall Street to weaken for a third successive session on Tuesday, as investors expressed concerns on oil prices hitting multi year highs which could add to inflationary pressures caused by supply chain disruptions.U.S. and European stock futures edged up, with S&P 500 e-minis …
Read More »Stocks rise as tech shares recover loss
Stocks progressed on Tuesday as technology stocks recouped some losses, when a rotation away from growth names picked up steam as concerns over inflation lingered. The Nasdaq gained more than 1% after the index dropped over 2% a day earlier. Both the S&P 500 and Dow each also gained over …
Read More »US Stock Futures Regain Some of Yesterday’s Losses
Stock futures rebounded on Tuesday as some investors bought declines in technology stocks, Dow Jones Industrial Average futures gained 101 points or 0.3%, S&P 500 futures rose 0.3% and Nasdaq 100 futures gained 0.4%. Facebook shares added 1.5% in pre-market trading after dropping 5% on Monday due to whistleblower claims …
Read More »Nikkei Falls to a One-Month Low
Japanese stocks fell to a one-month low on Tuesday as growth stocks were hit hard, as rising oil prices heightened concerns about inflation and monetary tightening globally. The Nikkei index fell by 2.19% to close at 27822.12 points. The broader Topix index lost 1.33% to 1947.75 points, above its 200-day …
Read More »Biden ponders lower spending package to avoid block
Early Tuesday morning in Asia, CNN came out with the news suggesting a different approach by U. S. President Joe Biden to get his infrastructures spending plan through the Senate during a group of House progressives.The Democrats said to have backed the need to trim the top line of the …
Read More »General Motors’ electric-vehicle backed by hedge fund
General Motors is planning for autos to be fully electric is based upon plans to electrify its vehicle lineup after the famous U. S. company won the support of an impact investment group. The hedge fund Engine No. 1, which was announced in January when it won three seats on …
Read More »Pandora Papers: World leaders deny wrongdoing after huge leak
Several world leaders have issues official statements denying any involvement in wrongdoing after a huge leak of millions of documents that reveal secret financial dealings of the global political elite.The Pandora Papers investigation, which involved a consortium of 600 journalists from a variety of global media outlets, is based on …
Read More »Facebook’s shares lose 6% in wake of whistleblower revelations
Facebook Inc. services experienced widespread outages Monday morning, adding to the social network’s worst and most miserable day.Facebook FB shares dropped as much as 6% to an intraday low of USD 323, which would be their worst single day decline since a 6.3% fall logged on 30 October 2020. The …
Read More »Wall Street retreats by Big Tech rotation
Wall Street’s main indexes fell on Monday as investors shifted interest in technology shares in the face of rising Treasury yields, while new concerns over trade erupted on U.S.-China trade relations providing another reason for caution.U.S. Treasury yields have been supported by recent data showing increased consumer spending, accelerated factory …
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