Wall St. tumbles as pandemic cases soar; Boeing, travel stocks weigh

21-04-2021
On Tuesday, all three key indices of Wall St. fell for the second straight session in a row amid growing frets of a potential rate hike

US Federal Reserve will restrain any overshoot of inflation target, says Chair Powell

21-04-2021
In a letter dated back to April 8 to Florida Senator Dick Scott, a Republican, the US Fed Chair Jerome Powell had said that the US Federal Reserve would not tolerate any overshoot of its inflation target

Milwaukee’s Harley Davidson heralds recovery road with focus on touring bikes

20-04-2021
On Monday, Harley Davidson Inc., the American flagship motorcycle manufacturer, had topped analysts' estimates for quarterly profits and revenues

Armonk’s IBM tops profit estimate, reports strongest quarterly sales growth since '18

20-04-2021
Late on Monday, International Business Machine (IBM) Corp., had beaten analysts' estimate for quarterly profit and revenues

US Dollar staples near six-week lows as US Treasury bond notes tread water

20-04-2021
On Monday, the US Dollar Index (DXY) measured against a basket of six major currencies on an average, plunged as much as 0.54 per cent to 91.02, hitting a six-week low

Wall St. retreats from record highs; Tesla totters after crash

20-04-2021
On Monday, all three key indices of Wall St. ended up modestly lower with Nasdaq leading the tally of losses

Copper heads towards fresh 10-year peak as China Q1 growth reignites recovery hope

20-04-2021
On Monday, London Metal Exchange benchmark copper futures wrapped up the day close to their fresh 10-year highs

BMW first-quarterly earning leaps 370% amid strong China demand

19-04-2021
On Monday, BMW, the Munich-based German luxury carmaker, said in an unscheduled release that the carmaker had logged a 370 per cent jump in earnings excluding tax on fiscal Q1, 2021, compared to the same time a year earlier

Vancouver’s audio chat app Clubhouse racks up $4bn valuation after new funding round

19-04-2021
Vancouver-based Alpha Exploration Co.-owned audio chat app Clubhouse has been valued at more than $4 billion following a latest Series C fundraising campaign

Bitcoin nosedives 14% as pullback from record speeds up after Xinjiang power outage

19-04-2021
On Sunday, Bitcoin, the original cryptocurrency, slipped as much as 14 per cent, widening its gap further from a record peak of roughly $63,000 reached on Tuesday

Major Gulf bourses end mixed; Qatar dips on lower energy prices

19-04-2021
On Sunday, a slew of Mideast stock indices had winded down the day in an ambivalent texture with Qatar leading the tally of losses

US homebuilding nears 15-year peak; consumer sentiment springs up

19-04-2021
On Friday, US Commerce Department said in a statement that the US homebuilding surged to a 15-year peak in March

Hawthorne’s SpaceX wins $2.9bn Moon-lander NASA contract as Musk tweets “NASA rules”

18-04-2021
Late on Friday, Tesla Chief Musk's space venture SpaceX said in a statement that NASA had awarded the company a $2.9 billion Moon-lander contract

Oil edges lower but Brent shelves weekly gain on recovery hope

18-04-2021
On Friday, both US and UK crude oil futures edged lower, but reported weekly percentage gains on the back of strong economic data from China and the US

Grab muses about secondary Singapore listing after record $40bn SPAC merger

18-04-2021
Singapore's ride-sharing and food-delivery giant Grab ponders a potential secondary listing on its home market

Alibaba fintech arm Ant explores ways for Jack Ma to exit as Beijing piles pressure

18-04-2021
Chinese e-commerce giant Alibaba Group Holding Ltd.'s fintech arm Ant Group has been contemplating a potential exit of its founder Jack Ma

European shares notch new highs, post 7th straight weekly gain as Daimler lifts autos

18-04-2021
On Friday, a raft of European stock indices had wrapped up the session at record closing highs

Wall St. ends on cloud nine as S&P 500, Dow hit record, bag 4th straight weekly gain

18-04-2021
On Friday, all three key indices of Wall St. had wrapped up the session in an affirmative territory with benchmark S&P 500 and trade-sensitive Dow extending their record-setting streak of gains

Gold chalks up best week in 4 months amid softer Dollar; 10-yr bond yields at 1.56%

17-04-2021
On Friday, safe-haven gold futures' prices racked up a seven-week peak amid a broader weakness in US Dollar alongside a perilous plunge in long-term US Treasury bond notes

Delaware’s Citigroup trounces profit estimate, to exit Asian & EMEA consumer business

17-04-2021
Later this week, Citigroup Inc. had beaten analysts' estimate for first-quarter profits by a wider margin, while the United States' third-largest lender had also unveiled a move to quit consumer banking businesses in Asia and EMEA

Manhattan’s Pfizer mulls booster dose as Biden to invest $1.7bn to counter variants

17-04-2021
On Friday, the Biden Administration said in a statement that it would spend an upsum of $1.7 billion to battle against the pandemic variants, while Pfizer Chief Bourla said that the people would "likely" need booster shots in 9-12 months

US retail sales post largest gain in 10 months; initial jobless claims fall

17-04-2021
On Thursday, US Commerce Department said in a statement that the US retail sales rebounded 9.8 per cent last month, marking off the largest gain since May 2020

Massachusetts regulators seek to revoke Robinhood’s license; brokerage sues

17-04-2021
On Thursday, Massachusetts' Secretary of State, Bill Galvin, had sought to revoke the online brokerage firm Robinhood's dealership license over allegations that the brokerage house was encouraging inexperienced traders to bet into riskier assets

Russia, hurt by new Biden sanctions, slashes 2021 borrowing plans, to offer OFZ bonds

16-04-2021
On Thursday, following a stiffer US sanction on as many as 32 Russian institutions including the country's Central Bank, Russia had decided to trim its 2021 borrowing plans

San Diego's smaller Tesla-rival TuSimple valued at $8.5 billion in Nasdaq debut

16-04-2021
On Thursday, San Diego-based smaller Tesla rival TuSimple was valued at roughly $8.5 billion in a relatively quiet Nasdaq debut