finance

S&P 500, Nasdaq hit record closing peaks on eve of Fed meeting

The S&P 500 and Nasdaq eked out record high finishes on Monday, despite most traders being focused on this week’s…

4 years ago

JPMorgan stockpiling cash, waiting for interest rates to rise -CEO

JPMorgan Chase & Co (JPM.N) Chief Executive Jamie Dimon said on Monday the bank is holding around $500 billion in…

4 years ago

Stocks tread water as investors await Fed policy insights

Global stock markets were mixed while U.S. Treasury yields ticked up on Monday, as investors waited for the results of…

4 years ago

‘Meme stock’ rally pauses, Redditors focus on biotech stocks

Small-time stock traders turned their attention to the biotech and healthcare sectors on Monday, lifting shares of some by as…

4 years ago

Back to the future: 2020s to echo roaring 20s or inflationary 70s?

The 2020s have only just begun but there is already a rush to draw parallels with the past, prompted by…

4 years ago

Explainer: What’s at stake for markets as U.S. debt ceiling looms

The U.S. debt ceiling comes into effect at the end of July, putting pressure on the Treasury to reduce its…

4 years ago

Bitcoin climbs near $40,000 after Musk says Tesla could use it again

Bitcoin climbed to shy of $40,000 on Monday, after yet another weekend of price swings following tweets from Tesla boss…

4 years ago

Stocks scale another peak as markets await Fed signal

World stocks climbed another peak on Monday, while U.S. bond yields were near three-month lows as worries of rising inflation…

4 years ago

Saudi first quarter GDP shrinks 3%, hit by oil sector decline

Saudi Arabia's gross domestic product fell 3% in the first quarter, slightly less than official estimates and compared with a…

4 years ago

EU hires banks for first recovery fund bond – lead managers

The European Union on Monday hired banks for a 10-year bond sale, the first to finance its recovery fund, according…

4 years ago