Tag: Corona Virus Pandemic

Investors on wall street were also reassured by positive news about the Omicron variant of COVID-19, which had helped send ...

The World Bank Board of Executive Directors has approved $130 million additional financing for the Kenya COVID-19 Health Emergency Response Project to ...

Gold is seen as a hedge against inflation, but an increase in rates from the Fed will dull bullion's appeal ...

Oil prices fell on Friday after dropping about 3% a day earlier as coronavirus cases remained high in major oil ...

On Monday, oil prices fell on fears that surging COVID-19 cases in India will drive down fuel demand in the ...

Oil prices edged lower for a second day on Wednesday, weighed down by concerns that surging COVID-19 cases in India ...

Oil prices rose on Tuesday, supported by a weaker U.S. dollar which boosts demand for dollar-denominated assets from buyers holding ...

Shares in Hong Kong led gains in Asia-Pacific during Wednesday trade as Chinese tech stocks listed in the city jumped. ...

Oil prices edged higher on Monday as investors watched out for the short-term demand outlook amid the rising cases of ...

Business activity in Kenya shrank sharply in March as the hike in fuel prices and COVID-19 restrictions hit key sectors ...

Oil prices fell more than 2% as fresh coronavirus lockdowns revived worries about demand for oil products, even as tug ...

Shares in Asia-Pacific were largely lower on Wednesday as concerns over the prevailing pandemic. The Hang Seng index in Hong Kong ...

Oil prices steadied on Wednesday, after the previous day’s slump. However, the recovery was hindered by fears of a slow ...

Wall Street ended sharply lower on Thursday, with the Nasdaq tumbling 3%, hit by rising Treasury yields and fresh worries ...

Robinhood, the U.S. online broker that has emerged as a gateway for amateur traders challenging Wall Street hedge funds, has ...

Global Markets logged one of the largest weekly loss in three months last week as volatile trading in certain pockets ...

An army of retail investors returned to Wallstreet to trade shares in GameStop Corp and Koss Corp. The stocks sky-rocketed ...

Volume on U.S. exchanges was 23.42 billion shares, well above the 14.31 billion average for the full session over the ...

Dow Jones Industrial Average fell 22.96 points, or 0.07%, to 30,937.04, the S&P 500 lost 5.74 points, or 0.15%, to ...

Earlier on Monday, drugmaker Merck & Co said it would stop development of its two COVID-19 vaccines. Its shares managed ...

President Joe Biden said on Friday the U.S. economic crisis was deepening and that the government needs to take major ...

The S&P 500 posted 54 new 52-week highs and no new lows; the Nasdaq Composite recorded 336 new highs and ...

The S&P 500 posted 37 new 52-week highs and no new lows; the Nasdaq Composite recorded 296 new highs and ...

The Dow Jones Industrial Average fell 177.26 points, or 0.57%, to 30,814.26, the S&P 500 lost 27.29 points, or 0.72%, ...

Investors were waiting for the earnings season to kick into full swing with results from JPMorgan, Citigroup and Wells Fargo ...

Earnings reports from big U.S. banks including JPMorgan and Citigroup were also on investors minds as they will mark the ...

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 89.90 following an earlier high ...

Declining issues outnumbered advancing ones on the NYSE by a 1.53-to-1 ratio; on Nasdaq, a 1.17-to-1 ratio favored decliners

Electric car-maker Tesla Inc jumped 7.8%, taking its market capitalization to more than $800 billion for the first time ever. ...

Shares in Canadian marijuana producer Tilray soared more than 24 percent before closing up 13 percent to $10.77. In after ...

The S&P 500 posted 19 new 52-week highs and no new lows; the Nasdaq Composite recorded 117 new highs and ...

Investor sentiment and the lira currency also benefited from the central bank’s recent action on interest rates. Following the December ...

Gold prices gained as safe-haven metal notched its best year in a decade due to economic uncertainties caused by the ...

Volume on US exchanges was 9.57 billion shares, compared with the 10.93 billion average for the full session over the ...

Intel Corp jumped after Reuters reported activist hedge fund Third Point LLC is pushing the chipmaker to explore strategic options, ...

In a sudden reversal late on Sunday, Trump backed down from his threat to block the hard-fought bill, restoring unemployment ...

Russian stocks declined early in the week amid worsening sentiment toward riskier asset classes and on news that the U.S. ...

The move came after President Donald Trump slammed the $900 billion bill, calling it an unsuitable “disgrace” because it calls for $600 ...

The S&P index recorded 19 new 52-week highs and no new lows, while the Nasdaq recorded 278 new highs and ...

The S&P 500 posted 16 new 52-week highs and no new lows; the Nasdaq Composite recorded 182 new highs and ...

Electric-car maker Tesla Inc rallied almost 5% as anticipation of its addition to the S&P 500 benchmark next week offset ...

Volume on U.S. exchanges was 9.92 billion shares, compared with the 11.48 billion average for the full session over the ...

equities moved well off lows that saw the S&P 500 down as much as 0.75% after U.S. Treasury Secretary Steven ...

Drugmaker Eli Lilly climbed 5.83% after flagging positive data from a late-stage clinical trial for its experimental drug designed to ...

Large cap growth stocks, which had underperformed value stocks in recent weeks as investors looked to names likely to benefit ...

The S&P 500 posted 50 new 52-week highs and no new lows; the Nasdaq Composite recorded 222 new highs and ...

The S&P 500 posted 34 new 52-week highs and no new lows; the Nasdaq Composite recorded 174 new highs and ...

The S&P 500 posted 18 new 52-week highs and no new lows; the Nasdaq Composite recorded 89 new highs and ...

The S&P 500 posted 48 new 52-week highs and no new lows; the Nasdaq Composite recorded 185 new highs and ...

The S&P 500 posted 11 new 52-week highs and no new lows; the Nasdaq Composite recorded 167 new highs and ...

U.S.-listed shares of iQIYI Inc fell 1.7% after Reuters reported Alibaba Group Holding Ltd and Tencent Holdings Ltd had put ...

Tesla Inc, which surpassed $500 billion in market capitalization on Tuesday, extended its gain by 3.4% even after the electric-car ...

Boeing Co gained after European regulators gave draft approval to its 737 MAX jets, paving the way for a formal ...

Cyclicals led gains, with energy ahead by 7.09% while industrials and financials each rose more than 1%, as data showed ...

Oil prices were higher in the afternoon of Asia trading hours, as international benchmark Brent crude futures rose 1.27% to ...

The South African Reserve Bank (Sarb) left the repurchase rate (repo rate) unchanged at 3.5 percent as inflation is expected ...

Stay-at-home beneficiary Zoom Video Communications Inc provided the biggest lift to the Nasdaq.

The S&P 500 posted seven new 52-week highs and no new lows; the Nasdaq Composite recorded 87 new highs and ...

The Japanese yen traded near flat at 103.86 against the greenback while the Australian dollar changed hands at $0.7292, dropping from earlier levels around ...

The S&P 500 posted 30 new 52-week highs and no new lows; the Nasdaq Composite recorded 142 new highs and ...

Amazon.com Inc launched an online pharmacy in the United States, sending shares of rival drug retailers such as Walgreens Boots ...

Simon Property Group Inc shares jumped after the biggest U.S. mall operator cut its purchase price for an 80% stake ...

In what surely qualifies as some of the more encouraging news of the year, the announcement that a Pfizer vaccine ...

Libyan output rose and investors worried the resurgent pandemic could hurt global demand.

Crude oil prices reversed early gains, snapping a three-day rally on growing doubts over a near-term demand recovery and an ...

Gold prices slid, hurt by a stronger dollar and increased risk appetite which drew investors away from the safe-haven metal

According to Statista, airlines worldwide have received government aid amounting to $161.9 billion as of September 2020.

Gold regained some ground lost in Monday's plunge expectations of fiscal and monetary stimulus offered support to the safe-haven metal.

The Japanese yen traded at 105 per dollar after weakening sharply from levels below 104.3 against the greenback yesterday. The Australian dollar changed hands ...

Pfizer shares closed sharply higher after soaring as much as 15.4% during the session. But another drugmaker Biogen Inc slumped ...

US stocks hovered near unchanged on Friday to close out with a big weekly gain as Democratic challenger Joe Biden ...

The S&P banking subindex .SPXBK surged 2.5% to its highest in more than a week, while industrial stocks such as Caterpillar Inc CAT.N and ...

Volume on U.S. exchanges was 9.01 billion shares, compared with the 9.1 billion average for the full session over the ...

The Dow Jones Industrial Average fell 157.51 points, or 0.59%, to 26,501.6. The S&P 500 lost 40.15 points, or 1.21%, ...

Coach owner Tapestry Inc climbed 4% as it beat quarterly profit estimates and forecast growth for the year as demand ...

The Australian dollar changed hands at $0.7065 after yesterday’s sharp drop from above $0.712.

Twelve U.S. states set records for hospitalized COVID-19 patients, while Germany and France announced plans to shut large swathes of ...

Shares of drugmaker Eli Lilly and Co fell 6.9% after quarterly profits took a hit from increased costs to develop ...

The Dow Jones Industrial Average fell 650.19 points, or 2.29%, to 27,685.38. The S&P 500 lost 64.42 points, or 1.86%, ...

U.S. House Speaker Nancy Pelosi said it still was possible to get another round of COVID-19 aid before the Nov. ...

Advancing issues outnumbered declining ones on the NYSE by a 1.90-to-1 ratio; on Nasdaq, a 1.68-to-1 ratio favored advancers.

Declining issues outnumbered advancing ones on the NYSE by a 1.87-to-1 ratio; on Nasdaq, a 1.69-to-1 ratio favored decliners. The ...

The airline’s assumptions, which hinge on an effective Covid-19 vaccine by next summer, expects global air traffic to climb to ...

Oil prices were lower in the afternoon of Asia trading hours, with international benchmark Brent crude futures down about 1% ...

House of Representatives Speaker Nancy Pelosi said late on Tuesday that she hoped a coronavirus aid agreement could be accomplished ...

Oil services company Schlumberger NV posted its third straight quarterly loss due to falling crude prices and plunging demand. Its ...

Stocks across Asia-Pacific were mostly down by the close on Friday, amid dampened sentiment on the coronavirus front. Meanwhile, the ...

The S&P 1500 airlines index shed 1.7% after United Airlines reported a 78% drop in quarterly revenue.

UnitedHealth Group Inc dropped despite raising its profit forecast as the U.S. insurer said it was difficult to predict the ...

The Dow Jones Industrial Average fell 158.04 points, or 0.55%, to 28,679.48, the S&P 500 lost 22.51 points, or 0.64%, ...

The S&P 500 energy index fell 1.6% following recent gains.

Eaton Vance Corp EV.N shares surged 48.1% after Morgan Stanley MS.N agreed to buy the asset manager for about $7 ...

With the presidential election just weeks away, focus later Wednesday may turn to a debate between Vice President Mike Pence ...

Volume on U.S. exchanges was 10.55 billion shares, compared with the 9.79 billion average for the full session over the ...

Hong Kong’s Hang Seng index rose 1.32% on the day to 23,767.78, with shares of HSBC soaring 4.03%.

House Democrats passed a $2.2 trillion fiscal aid package on Thursday, but the bill is unlikely to be approved in ...

New Covid-19 cases worldwide have rise to more than 34 million, nearly 2 million more than at the end of ...

Advancing issues outnumbered declining ones on the NYSE by a 1.58-to-1 ratio; on Nasdaq, a 1.33-to-1 ratio favored advancers

Volume on U.S. exchanges was 8.74 billion shares, compared with the 10.05 billion average over the last 20 trading days.

Oil prices were lower in the afternoon of Asian trading hours, with international benchmark Brent crude futures down 0.72% to $41.62 per ...