Tag: stocks

BUSINESS

Stocks And Bitcoin Are Massive Bubbles, Long-time Bear David Rosenberg Warns

Long-time market bear David Rosenberg is warning investors the stock market and bitcoin are massive bubbles. The economist and strategist cites crowded trades amid a struggling economic backdrop for his concerns. “Based on our [stock market] valuation work, we are anywhere from 20% to 30% overvalued based on a whole bunch of different metrics,” the Rosenberg Research president told CNBC’s […]

BUSINESS

U.S. Stock Market Takes Another Battering

Wall Street’s main stock indexes were gutted today as the Dow Jones Industrials tumbled by 2,000 points amid a 20% slump in oil prices. Additionally, the rapid spread of the coronavirus has not made it easy for traders as the threat of a global recession now seems real than imagined. Trading was halted immediately after the opening, as the benchmark […]

BUSINESS

Global Stocks Blowout

The global stock market slid to its worst week since the depths of the financial crisis in 2008. This crisis comes against fears that the coronavirus could become a pandemic and derail economic growth. The S&P 500, with a midweek record high, slid 4.4 percent, its worst day since August 2011. The index is down 12 percent since that peak, […]

BUSINESS

Stocks And Oil Prices Tumble

Global equity markets and government debt yields took a downward path last week amidst growing concerns about the impact of the coronavirus. This move comes against strong job growth in the U.S. economy. Stocks on Wall Street tumbled from record highs and the safe-haven Japanese yen rose as investors weighed how much the virus is likely to disrupt supply chains […]

Jamaica

Jamaica Makes NASDAQ Move

Photo credit: vobios The Jamaica Stock Exchange (JSE) has up the ante in its latest move, going live with Nasdaq Matching Engine and Nasdaq Market Surveillance, thus allowing it to provide a wide array of products and stimulate investors interest. The matching engine technology, which is built upon the cloud-enabled Nasdaq Financial Framework, will bolster the JSE’s ability to manage […]

BUSINESS

U.S. Stocks Rise

U.S. stocks shoot up at the close of the workweek following the news of the monthly jobs report and positive outlook from President Donald Trump on trade talks with China spurred riskier bets, putting the benchmark S&P 500 index on track to log its second weekly gain in a row. Wall Street’s main indexes are now close to all-time highs […]

BUSINESS

Tesla Adds Two New Heavyweights To Its Board

Tesla has added Lawrence Joseph Ellison, the 74-year-old American businessman, entrepreneur, and philanthropist who is a co-founder and the executive chairman and chief technology officer of Oracle Corporation as well as Walgreens Boots Alliance executive Kathleen Wilson-Thompson to its board. This latest move by Tesla comes against the background of a call by Securities and Exchanges Commission for founder and […]

NEWS

U.S. Stocks Plunged

U.S. stocks took a beating in what is described as the worst Christmas Eve trading ever, as the S&P 500 entered a bear market. The Dow Jones Industrial Average decreased by 653 points Monday in volatile trading, falling below 22,000. The Dow sank more than 2 percent, then recovered nearly all of the day’s losses, before again falling more than […]

BUSINESS Commerce

Investors Rush For The Door As U.S. Stocks Tank

More than 1,100 points were washed away from the Dow in a couple of days amidst President Trump’s threats of clamping down on trade with China. The announcement jerked Wall Street causing the worst slide in more than two years. The Dow dropped 425 points, or 1.8%, on Friday, sinking back into a “correction” — a decline of 10% from […]