Wall Street pushes stocks, oil higher ahead of jobs report
U.S. stocks and oil prices rebounded sharply on Thursday as unemployment claims declined and the trade deficit widened – positive economic data in the face of rising COVID-19 cases and signals of declining Federal Reserve stimulus.
Wall St gains as unemployment claims decline; Cigna slumps
Wall Street jumped on Thursday as U.S. unemployment claims declined further last week, while a drop in shares of health insurer Cigna dragged healthcare stocks lower.
Special Report: How a little-known G7 task force unwittingly helps governments target critics
In late 2020, when Ugandan President Yoweri Museveni faced a fresh challenge to his 35-year rule, a new tool helped to silence his critics: anti-money laundering legislation promoted by the G7.
Crown, forint expected to firm as interest rates rise
The Czech crown and the Hungarian forint will extend gains in the coming year as their central banks hike rates to curb inflation during the post-pandemic economic recovery, a Reuters poll showed on Thursday.
Wall Street closes mixed, S&P 500 ends off record high
U.S. stocks closed mostly lower on Wednesday, with the S&P 500 falling from a record high after data signaled a slowdown in jobs growth in July, and General Motors tracked its worst day since early March.
Robinhood shares surge 50%, as investors scoop up ‘the meme of memes’
Shares of Robinhood Markets Inc (HOOD.O)rose more than 50% on Wednesday during a wild trading session as investors scooped up shares after its underwhelming stock market debut last week.
MORNING BID A new sunny day, with the same old clouds
It’s a new week, a new month and time for a fresh start – but the problems niggling at markets this morning are still the same.
Blackstone and Hudson Pacific plan $1 billion film studios in UK
U.S. firms Blackstone (BX.N) and Hudson Pacific Properties (HPP.N) said they planned to create a major film, TV and digital production complex in Broxbourne, north of London, in the first overseas expansion of their Sunset Studios platform.
Schroders’ assets near $1 trillion, aided by low interest rates
Low interest rates are bolstering money managers like Schroders (SDR.L), its chief executive said on Thursday as the British firm posted a jump in first-half profits and record high assets under management of 700.4 billion pounds ($977.7 billion).
Marketmind: A step closer to Fed taper, quelle surprise!
The main reveal from the Fed’s statement was that it was inching closer to a policy normalisation announcement and that came as no surprise to anyone.
