After Tesla and Apple announced plans to share their shares within weeks of each other, there has been a growing buzz that more companies with triple and square digits stock prices will follow in their footsteps. “Everyone is talking about it,” Howard Silverblatt, senior index analyst at S&P Dow Jones …
Read More »What one currency expert says bears are looking at is the dollar
It’s a popular time to be a dollar, with the Federal Reserve executing the proverbial money pressures as fast as possible, and the dollar index DXY, -0.13% closer to 10% down from its March highs. Robin Brooks, chief economist at the Institute of International Finance and former chief global currency …
Read More »European stocks tumbled on sluggish Chinese data and France’s British quarantine
Published: August 14, 2020 at 5:27 AM ET European equities fell sharply on Friday as the UK’s move to add France to its list of quarantined travel stocks and Chinese economic data disappointed. Continued delays and concerns about a fresh round of U.S. stimulus also weighed on sentiment, and investors …
Read More »Did the expired benefit of $ 600 federally unemployed people not keep working back? Sudden drop in claims adds fuel to debate
Has the widespread unemployment benefits discouraged many workers from returning to work? A big drop in people seeking or receiving benefits in the past two weeks after the end of a $ 600 federal grant suggests that the answer may be yes. Early unemployment fell to 963,000 in early August, …
Read More »The stock market has not won a strong 100-day gain since 1933
Agence France-Presse / Getty Images Thursday marks the 100th trading day since the stock market pandemic on March 23 – and by one measure the subsequent rebound is the strongest in nearly 90 years. The S&P 500 SPX, -0.20% traded slightly lower on Thursday, leaving it more than 50% above …
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