7:53 a.m. Today7:53 a.m. Nov. 30, 2020
JPMorgan Has Turned More Bullish on Eurozone Stocks Over the U.S. Here’s Why.
Stocks in the eurozone are cheaper, the region will be headed for a recovery as the U.S. is retrenching, and with value stocks hot, Europe has plenty.
7:23 a.m. Today7:23 a.m. Nov. 30, 2020
- By William Watts
Dow trades nearly 400-points lower, but remains set for best month since 1987Stock-market benchmarks trade lower on Monday, but equities remain on track for a historic month as investors cheer progress toward vaccines while looking past a surge in COVID-19 cases.
7:00 a.m. Today7:00 a.m. Nov. 30, 2020
- By Michael Ashbaugh
Charting a bull-trend pullback: Nasdaq digests break to record territory Focus: Retail sector sustains break to record highs, XRT, NTRS, CSIQ, AAL, NUANU.S. stocks are firmly lower early Monday, pressured to conclude November amid an otherwise strong month-to-date rally. Against this backdrop, the Nasdaq Composite is digesting a decisive break to record territory, while the S&P 500 has reversed from its latest nominal record close.
6:27 a.m. Today6:27 a.m. Nov. 30, 2020
Delaying the Tokyo Olympics will reportedly cost an additional $3 billionThat's on top of the official cost of putting on the Tokyo Olympics: $12.6 billion.
6:01 a.m. Today6:01 a.m. Nov. 30, 2020
This EV Battery Startup Is Facing ‘Significant Barriers’
QuantumScape got its first Wall Street rating Monday. It’s a Sell from Bernstein analyst Mark Newman.
1:00 a.m. Today1:00 a.m. Nov. 30, 2020
Traditional Auto Makers Are Getting Into EVs. Here Are Their Plans to Battle Tesla.
Keeping track of traditional auto makers’ EV plans is hard. Here’s what a dozen are doing.
9:41 p.m. Nov. 29, 2020
Asian markets slip despite last week's records on Wall StreetAsian shares fell on Monday on renewed caution despite a record high finish on Wall Street last week driven by hopes for a COVID-19 vaccine and relief for the global economy.
6:06 p.m. Nov. 29, 2020
China ready to restart cruises -- but with a twistBattered international cruise operators are keenly awaiting the reopening of the Chinese market. They're going to have to wait a little longer. China is set to resume cruises in December, as its economy revives and the pandemic remains largely under control. The catch is the international cruise lines that spent the past decade building the market from scratch aren't invited to the party.
4:02 a.m. Nov. 28, 2020
- By Joy Wiltermuth
Subzero yields globally are at records, but Wall Street says that's good for U.S. corporate creditThe global pile of negative-yielding debt is back to nearly $17 trillion after briefly shrinking during pandemic turmoil. That means U.S. investment-grade corporate bonds likely will be the ‘only game in town’ next year for fixed-income investors looking for yield, according to J.P. Morgan analysts.
3:00 a.m. Nov. 28, 2020
A Memory-Loss Trap to Avoid in Retirement
Retirement in Brief: A new study finds how retirees who take a long “mental vacation” have a higher risk of memory loss, while the Brookings Institution is recommending a national retirement dashboard for all Americans and exploring the possibility of “tontines” as a retirement savings solution.
6:25 a.m. Nov. 27, 2020
Sage Gets $3 Billion Endorsement of Its Depression Drugs From Biogen
Investors disappointed that the deal was not richer.
5:38 p.m. Nov. 25, 2020
Asian markets mixed as Wall Street takes a breatherA reality check appeared to be setting in amid the ongoing coronavirus pandemic, and a batch of discouraging data on the U.S. economy, including jobless numbers.
10:47 a.m. Nov. 25, 2020
- By Jack Denton
The U.K. is increasing the minimum wage. How does it compare with the U.S. and rest of the world?Chancellor Rishi Sunak sets out his spending review warning the economy will contract by 11.3% — the largest drop in more than three centuries.
7:20 a.m. Nov. 25, 2020
- By Michael Ashbaugh
Charting a bull-flag breakout attempt, S&P 500 presses record highs Focus: Gold sells off to 200-day moving average, U.S. dollar pressured amid risk-on trade, Crude oil breaks out, GLD, UUP, USO, XLF, IYT, XOPU.S. stocks are mixed early Wednesday, vacillating after a mixed batch of economic data ahead of the Thanksgiving holiday. Against this backdrop, the Dow Jones Industrial Average has pulled in from its first close atop the 30,000 mark, while the Nasdaq Composite builds on its second-ever close atop the 12,000 mark, rising to challenge record territory.
9:36 p.m. Nov. 24, 2020
Asian markets mostly rise after Dow tops 30,000Asian shares mostly rose Wednesday after the Dow Jones Industrial Average closed above 30,000 points for the first time despite an ongoing pandemic, as progress in development of coronavirus vaccines kept investors in a buying mood.
7:33 a.m. Nov. 24, 2020
- By Michael Ashbaugh
Charting a bullish technical tilt: Dow 30,000 and Nasdaq 12,000 under siege Focus: Semiconductor sector presses record territory, Homebuilders stealth breakout attempt, Tesla extends triangle brekout, SMH, XHB, TSLA, KO, MCHPTechnically speaking, two round-number milestones are under siege — Dow 30,000 and Nasdaq 12,000 — as each benchmark builds on firmly-bullish November price action, writes Michael Ashbaugh.
7:02 a.m. Nov. 24, 2020
- By Michael Ashbaugh
Charting a bullish technical tilt: Dow 30,000 and Nasdaq 12,000 under siege Focus: Semiconductor sector presses record territory, Homebuilders stealth breakout attempt, Tesla extends triangle brekout, SMH, XHB, TSLA, KO, MCHPTechnically speaking, the U.S. benchmarks continue to rise amid bullish market rotation and expanding sector participation. Against this backdrop, two round-number milestones are under siege early Tuesday — Dow 30,000 and Nasdaq 12,000 — as each benchmark builds on already firmly-bullish November price action.
6:26 a.m. Nov. 24, 2020
BlackRock upgrades U.S. stocks but favors this 'nuanced' approachBlackRock has upgraded U.S. equities to overweight but called for a "nuanced approach," given the tough winter ahead before vaccine deployment potentially rides to the rescue in 2021.
2:15 a.m. Nov. 24, 2020
- By Paul Brandus
A terrible 2020 is ending with reasons for optimism Covid vaccines, cancer breakthroughs and Americans’ broad agreement on key issues end a disastrous year for the U.S.Covid vaccines, cancer breakthroughs and Americans’ broad agreement on key issues end a disastrous year for the U.S.
6:04 p.m. Nov. 23, 2020
Asian markets gain, encouraged by vaccine newsAsian shares were mostly higher Tuesday, encouraged by news on the development of coronavirus vaccines and more assurance for a transition of power in the U.S. to President-elect Joe Biden.
11:30 a.m. Nov. 23, 2020
- By Mark DeCambre
Dow ends 327 point higher after Janet Yellen reported as Biden's Treasury Secretary pickU.S. stock indexes closed near session highs Monday, following reports that President-elect Biden plans to nominate former Federal Reserve Chairwoman Janet Yellen to become the next Treasury Secretary.
7:30 a.m. Nov. 23, 2020
Investors, Put the Rest of the World on Your Radar
The U.S. trounced foreign markets in the past 10 years, but now it’s time to start shopping abroad. Twenty stock picks from our international roundtable
7:14 a.m. Nov. 23, 2020
Apple’s Stock Price Reflects iPhone 12 Demand, Analyst Says
A month after Apple introduced the first two models of its iPhone 12, two analysts are staying on the sidelines.
6:47 a.m. Nov. 23, 2020
- By Michael Ashbaugh
Bull trend pauses: S&P 500, Nasdaq tag near-term resistance Focus: Materials sector sustains November break to record territory, XLB, ZG, HUBS, YETI, CVNAU.S. stocks are mixed early Monday, vacillating amid ongoing vaccine progress to start a holiday-shortened week. Against this backdrop, each big three benchmark has effectively nailed first resistance early Monday — including S&P 3,588 and Nasdaq 11,950 — areas that remain very near-term bull-bear battlegrounds.
5:53 a.m. Nov. 23, 2020
GM recalls 6 million pickup trucks and SUVs — here's how to see if yours is includedTwenty-seven people have been killed worldwide by the exploding inflators including 18 in the U.S.
2:55 a.m. Nov. 23, 2020
A Tiny Electric Vehicle From China Is on a Wild Ride in the Market
A cautionary tale for investors revved up about all things EV.
1:00 a.m. Nov. 23, 2020
Third-Quarter Global Dividends Tumbled to 2016 Levels. U.S. Payers Eased the Pain.
Third-quarter global dividends dropped by 14.3% from a year earlier to around $330 billion, their lowest level since 2016, as the Covid-19 pandemic took a big toll on many companies.
12:09 a.m. Nov. 23, 2020
Japan should pay Ghosn compensation over detention, rights experts sayA panel of human rights experts working with the United Nations says former Renault-Nissan boss Carlos Ghosn was wrongly detained in Japan and has urged “compensation” and “other reparations” for him from the Japanese government.
6:24 p.m. Nov. 22, 2020
Asian markets gain ahead of U.S. economic growth dataAsian stocks rose Monday as investors looked ahead to quarterly U.S. economic data amid unease about anti-coronavirus curbs on business and wrangling over the American presidential election.
11:42 a.m. Nov. 22, 2020
G-20 summit ends with support for COVID-19 vaccines for everyoneLeaders of the world's most powerful nations wrapped up the Group of 20 summit on Sunday, vowing to spare no effort to protect lives and ensure affordable access to COVID-19 vaccines for all people.
8:34 a.m. Nov. 21, 2020
Why this Tesla partner is betting big on the European electric-vehicle marketPanasonic is the latest company making a big bet on the European electric-vehicle market, powering into the region with plans to establish a lithium-ion battery business in Norway with two industry partners.
6:32 a.m. Nov. 21, 2020
- By Ciara Linnane
U.S. moves closer to 200,000 daily COVID cases; Birx and Fauci urge Americans to follow safety measures over Thanksgiving Fauci at press briefing: ‘If you’re fighting a battle, and the cavalry is on the way, you don’t stop shooting. You keep going until the cavalry gets here.’The global case tally for the coronavirus illness COVID-19 climbed above 57 million on Friday, and the U.S. moved closer to 200,000 cases in a day and set a fresh record for hospitalizations as the virus continues to infect people in every state and region.
4:07 p.m. Nov. 20, 2020
Bitcoin Rushes Toward New Highs, But the Debate Over Viability Continues
The cryptocurrency has been embraced as a hedge against inflation fueled by the Fed. But that narrative is complicated. And skeptics still wonder how widespread acceptance will be.
3:30 p.m. Nov. 20, 2020
Retail Investors Pour Money Into China Funds
Investors are flocking to emerging market funds. Plus, investment newsletter commentary on Tesla’s addition to the S&P 500, troubling signs for banks, the future of telehealth, and the housing market’s strength
7:03 a.m. Nov. 20, 2020
- By Michael Ashbaugh
Charting a bullish holding pattern: S&P 500, Dow industrials digest November breakouts Focus: Oil & Gas Exploration ETF sustains break atop 200-day average, Tesla tags record high amid S&P 500 addition, XOP, TSLA, BAC, PANW, ETNU.S. stocks are mixed early Friday, largely treading water amid still bullish market rotation. Against this backdrop, the S&P 500 and Dow industrials have asserted flag-like patterns, digesting each benchmark’s early-week rally to a record close.
3:15 a.m. Nov. 20, 2020
- By Tomi Kilgore
Princess Cruises extends cruise suspensions through March, and for longer cruises for another yearCarnival Corp.'s Princess Cruises said Friday that it's through March, and for some of its cruises for another year, in response to the U.S. Centers for Disease Control and Prevention's (CDC) . Princess Cruises said all cruises will now be suspended through March 31, 2021, while to and from U.S. ports will be suspended through Nov. 1, 2021. The company is also extending the suspension of cruises to and from Japan through June 25, 2021. "We are focused on preparing our ships to meet the CDC health and safety requirements for our eventual return to service," said Princess Cruises President Jan Swartz. "We also appreciate the continued support we have received from our guests, partners and travel advisors, reinforcing for all of us why we do what we do." Carnival's stock, which gained 0.1% in premarket trading, has tumbled 64.2% year to date, while the S&P 500 has gained 10.9%.
6:20 p.m. Nov. 19, 2020
Japan, New Zealand urge open markets to boost economic recoveryLeaders from Japan and New Zealand on Friday warned countries against the temptation of retreating into trade protectionism, saying that keeping markets open is the way to restore a global economy battered by the COVID-19 pandemic.
5:10 p.m. Nov. 19, 2020
Asian markets mixed amid tug of war between hope, fearAsian shares were mixed in muted trading Friday after Wall Street eked out modest gains amid a tug of war between worries about the worsening pandemic in the present and optimism that a vaccine will rescue the economy in the future.
11:33 a.m. Nov. 19, 2020
- By Sunny Oh
Dow and major stock-market indexes book gains, snap 2-day losing streak, on fiscal relief hopesU.S. equity benchmarks closed higher Thursday on hopes that Washington lawmakers could pass another coronavirus aid relief package to limit the economic damage wrought by the pandemic.
6:57 a.m. Nov. 19, 2020
- By Michael Ashbaugh
Charting a bull-trend pullback, S&P 500 ventures under first support Focus: Airlines sustain vaccine-fueled technical breakout, Target tags record highs, JETS, TGT, HLT, JCI, METU.S. stocks are mixed early Thursday, vacillating after a lackluster batch of economic data and amid renewed concerns over pending economic lockdowns. Against this backdrop, the S&P 500 and Dow industrials have extended a thus far relatively orderly pullback from Monday’s record closes.