US business spending surge more than expected in August; outlook uncertain

28-09-2020
On Friday, US Commerce Department said in a statement that the US capital goods' orders had surged more than anticipated in August, suggesting an uptick in business expenses

US stocks surge as tech rallies; S&P 500, Dow down for fourth straight week

28-09-2020
As the mega-cap tech stocks such as Facebook, Amazon, Apple, Microsoft and Nvidia had rallied over 2.1 per cent, Wall St. had wrapped up the Friday's session with solid gains

European shares post worst weekly decline since June as pandemic bubble jitters

27-09-2020
On Friday, a slew of European stock indices had ended the day lower over frets of a second wave of pandemic outbreak which in effect could lead to a second round of forced business closures

Oil woes on supply concerns, soaring US stockpiles

27-09-2020
On Friday, both US and UK crude oil futures' prices had been inched lower on growing worries of a likely supply glut over the coming weeks

Precious gold slips as investors seek safety on American Dollar amid pandemic hobbles

27-09-2020
On Friday, the precious safe-haven metal gold futures' prices plumetted as the American currency appeared to have regained its safe-haven appeal on a temporary basis

EU Commission appeals after losing Apple $15 billion tax case

27-09-2020
EU Commission said on Friday that it was going to appeal against a court decision that ruled earlier this year that the decision to incline $15 billion in punitive measures for Apple Inc. in Irish back taxes had been wrongful

US initial jobless claims rise as fiscal stimulus fades

27-09-2020
US Labour Department said in a statement later this week that the laid-off Americans filing for the state unemployment aids rose last week

Texas luxury Dept. store chain Neiman Marcus emerges from bankruptcy

26-09-2020
US luxury departmental store chain Neiman Marcus said late on Friday that the group had emerged from the pandemic driven bankruptcy, marking up the first American retailing giant to dig out of the pandemic-led slump

Seattle member-only retailer Costco beats estimate; pandemic costs weigh on shares

26-09-2020
Costco, the Seattle-based membership-only wholesale retailer had beaten estimates for revenues and profits during its fourth fiscal quarter that ended on Aug 30

Manhattan court rules innocent investors in Madoff Ponzi scheme must pay back

26-09-2020
On Thursday, a three-judge panel in an appeals court in Manhattan had upheld a lower court ruling that the investors who had benefitted from Madoff Ponzi schemes must have to pay back

Oregon footwear maker Nike shakes off pandemic blues as Q1 profit beats estimate

26-09-2020
Earlier this week, the world's No. 1 sports apparel manufacturer Nike Inc. had beaten Wall St. estimates for profits over the first fiscal quarter of the year that ended on August 31

Chicago soybean futures set for first weekly plunge in six months amid US harvests

26-09-2020
Soybean futures' prices scheduled to be expired on September and November have been set for the first weekly percentage decline since mid-March in the Chicago Board of Trade

US new home sales surge by the steepest pace in 14 years in August

25-09-2020
On Thursday, US Commerce Department said in a statement that the new home sales in the United States had surged by 4.8 per cent in August on an annualized basis

Wall St. closes higher on tech rally amid mixed signals on economic rebound

25-09-2020
On Thursday, all three key indices of Wall St. had managed to eke out gains after an utterly choppy trading session

California's Newsom moves to end sales of new gas-powered car by 2035

25-09-2020
On Wednesday, California Governor Gavin Newsom had issued an executive order that said the US state would end the sales of new gasoline powered cars by 2035

Santa Monica’s GoodRx shares jump 53% in Nasdaq debut after $1 billion IPO

25-09-2020
Shares' prices of California-headquartered healthcare company GoodRx spiked as much as 53 per cent at its Nasdaq debut on Wednesday

Britain warns no-deal Brexit could see 7,000 trucks at border queues

25-09-2020
On Wednesday, the UK Government of PM Boris Johnson had warned a number of logistic firms to prepare for a no-deal Brexit

American Fed policymakers vow to keep interest rate near-zero, call for federal aid

24-09-2020
On Wednesday, US Fed policymakers had reaffirmed their stance on a near-zero interest rate at least until end-2023 in a bid to encourage the big-league investors to bet on an ailing US economy

California’s Tesla market cap shed $50bn in single session after Musk’s battery pitch

24-09-2020
On Wednesday, shares' prices of Tesla Inc. slid as much as 10 per cent a day after the e-vehicle maker boss Musk had unveiled his plans of rolling out a $25,000 budget electric car by 2023

Global stocks, Wall St. slide; US Dollar gains as data hints drag in recovery

24-09-2020
On Wednesday, a gauge of global stock indices had been slumped amid a decline in risk-appetite following release of a series of dismal fiscal data

US existing home sales surge to 14-year-peak in August

24-09-2020
Chicago-based National Association of Realtor said in a statement on Tuesday that the existing home sales had surged to a nearly 14-year peak in August

Russia’s Google Yandex in talks to buy online lender Tinkoff for $5.5 billion

24-09-2020
Yandex, widely known as the Google of Russia said on Tuesday that the company was looking to purchase the world's largest online bank Tinkoff at a $5.5 billion buyout deal

American Dollar rises to two-month highs after hawkish tone from Chicago Fed's Evans

23-09-2020
US Dollar reported broad-based gains against a basket of six major currencies on Tuesday, while the greenback soared to a seven-week high against the safe-haven Swiss Franc

Wall St. rebounds on Amazon boost, Fed Chair Powell’s cautious optimism

23-09-2020
Followed by a maverick turnaround of the tech stocks on Tuesday, S&P 500 had snapped a four-day long losing streak with all of its sub-sectors rounding off the day higher

Redmond software giant Microsoft to purchase video game maker ZeniMax for $7.5bn

23-09-2020
Software giant Microsoft Corp. said in a statement that it would be purchasing the video game maker ZeniMax at a $7.5 billion buyout deal, in part to bolster its Xbox Game pass subscriptions