Electric-truck makers Nicola Corp and BP have been accused of misleading investors. P.L.C. Conversations between several potential partners, including, have stalled, people familiar with the matter said. The shock is the first external indication that the onset of controversy surrounding the report affects its ability to implement its business plan. …
Read More »How long will Washington have to cut stocks to take action? You may not like the answer
Wall Street investors and ordinary Americans waited for Washington to enact legislation in a second round of stimulus to support the covid-affected economy, after completing its last year in July. Most pundits were relatively optimistic for a while. But in the last few weeks, Congress, which has been delaying the …
Read More »Monday’s stock market selloff set the worst September in 18 years
September trading lives up to its billing and then some. Stocks were emerging on Monday on a bullish trend that now threatens to push the US equity benchmark into a rally that could set the stage for the September biggest sell-off for the biggest equity gauge of the year. Broad-Market …
Read More »Deutsche Bank warns that financial crisis could surprise investors
Excuses / Reasons to Sell? Concerns about the huge weight of the stock market are overflowing on Monday. The political turmoil following the death of Supreme Court Judge Ruth Bader Ginsberg has raised concerns among global banks about the money-laundering scandal, the second wave of COVID-19 concerns, and the U.S. …
Read More »European bank stocks fall following money-laundering allegations; Dow futures slide 400 points
The signal for HSBC (L) and Standard Chartered Bank (R) will be displayed on April 28, 2020 at the local headquarters of each bank in Hong Kong. Anthony Valace Les / Agence France-Presse / Getty Images Shares of Europe’s top banks fell on Monday after reports surfaced that they were …
Read More »