Facebook Inc. (full board) – Get report Shares extended declines in pre-trading on the Monday after Stabucks Corp. (SBUX) – Get report, the world’s largest coffee chain, joined a list of more than 150 companies planning to freeze advertising spending on the social media platform. Starbucks, Coca-Cola (KO) – Get …
Read More »Asian markets drop as coronavirus numbers hit grim milestones
Shares fell in Asia on Monday, tracking losses on Wall Street as rising virus cases cause some US states to backtrack on pandemic reopens. Nikkei 225 NIK from Japan, -2.29% sank 1.8% and the Hong Kong Hang Seng HSI Index, -1.23% fell 1.2%. The SHCOMP composed of Shanghai, -0.60% fell …
Read More »Asian markets drop sharply as US coronavirus cases raise concerns about global recovery
From Japan Nikkei 225 (N225) decreased 2%. South Korea Kospi (KOSPI)fell 1.6%. From Hong Kong Hang Seng Index (HSI) lost 1.2%, while China Shanghai compound (SHCOMP) returned 0.8% after trading for the first time since an extended holiday. Meanwhile, US equity futures were muted after sharp falls on Friday. Dow …
Read More »Debt from AT&T and other corporate giants saw higher Federal Reserve purchases
The Federal Reserve on Sunday released more details of an emergency loan program that buys corporate debt, showing which US companies have benefited from its unprecedented measures to support the flow of credit into the economy. Through its loan facilities, the Fed is buying individual corporate bonds on the market …
Read More »Stock Week Ahead: Wall Street Prepares for Another Rocky Neighborhood
Thats for good reason. Although there are still a few days left, the S&P 500 could hit its best quarterly performance in 50 years, Bank of America noted in a note to customers. But there are signs that Wall Street is hedging its bets towards the third quarter, looking for …
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