Daily Market News: Trump puts US companies dealing with Chinese apps on 45 days’ notice LeapRate

August 07, 2020 BY Valentina Kirilova

Daily Market News: Trump puts US companies dealing with Chinese apps on 45 days’ notice

What to watch US employment report: The US employment numbers during the coronavirus crisis have been essential reading for updates on the health of the economy. The latest employment report is different from jobless numbers reported yesterday in that it counts the number of people actively employed rather than those who are claiming social security…

August 06, 2020 BY Valentina Kirilova

Daily Market News: Jeff Bezos sells more than $3bn in Amazon stock

Bristol Myers Squibb: New York-based pharmaceutical company Bristol-Myers Squibb reports earnings on Thursday, the day after securing a patent win for it and Pfizer, which have a profit sharing agreement on a blood-thinning drug. A judge found that products made by multiple firms had infringed upon the patents. BMQ stock surged 5% in after-hours trading…

August 05, 2020 BY Valentina Kirilova

Daily Market News: Gold passes $2,000 an ounce for first time in history as investor fear grows

What to watch Square: Merchant services and mobile payments firm Square actually ended up reporting its earnings numbers a day earlier than planned following a leak from a media outlet, but will still be hosting its earnings call on Wednesday. The firm’s stock jumped more than 10% after the numbers were released, as it reported…

August 04, 2020 BY Valentina Kirilova

Daily Market News: BP cuts dividend, Twitter sinks after FTC investigation revealed

Lloyds leads FTSE 100 higher as HSBC drops after profit slump London-listed stocks jumped on Monday, with the FTSE 100 up 2.3% led by banking and finance names such as Lloyds Banking Group finishing 6% higher and NatWest Group up 4.8%. The gains came amid the news that rival HSBC is planning to accelerate its…

August 03, 2020 BY Valentina Kirilova

Daily Market News: Microsoft goes after TikTok’s US business despite Trump

FTSE 100 tumbles back as UK opening pauses London-listed shares tumbled last week, with the FTSE 100 sinking by 3.7%, taking its year-to-date loss back past 20%. The postponement of further easing of lockdown restrictions in England was one factor affecting sentiment, as was the news that the Eurozone economy shrank at its fastest rate…

July 31, 2020 BY Valentina Kirilova

Daily Market News: FAANGs thrive as US economy drowns

FTSE 100 back below 6,000 on struggling banks and US economic woes Financial firms led the FTSE 100 2.3% lower on Thursday amid profit warnings from Lloyds Bank, the UK’s largest retail bank, and jitters caused by dire GDP data from Germany and the US. The FTSE 250 meanwhile was down a more modest 1.3%.…

July 29, 2020 BY Valentina Kirilova

Daily Market News: Big tech in the spotlight as pandemic drives consumers online

UK housebuilders soar ahead of mortgage data release London-listed housebuilders and property developers jumped yesterday, with Berkeley Group, Barratt Developments, Land Securities Group, Persimmon and Taylor Wimpey all among the top 10 FTSE 100 stocks on the day. The rally came ahead of data on June mortgage lending and approvals, which is released for the…

July 28, 2020 BY Valentina Kirilova

Daily Market News: New restrictions in place but vaccine prospects enter final stage trials

Airline stocks hit by quarantine news London-listed stocks started the week in the red, with the travel sector taking the market lower after the British government introduced a 14-day quarantine for travellers coming in from Spain. In the FTSE 100, International Consolidated Airlines Group (IAG) fell 5.9% and Intercontinental Hotels Group closed 4% down. In…

July 23, 2020 BY Valentina Kirilova

Daily Market News: Tesla on the road to S&P 500 as dollar tumbles

UK stocks cool on Brexit trade fear and China tensions Both major UK stock indices fell on Wednesday on the back of rising China tensions and Brexit trade gloom, with the FTSE 100 down 1%. Both indices dipped on the news that the UK Government was close to ‘giving up hope’ of a Brexit trade…

July 21, 2020 BY Valentina Kirilova

Daily Market News: S&P 500 positive year-to-date after Amazon posts best day since 2018

FTSE 100 falters despite vaccine news, BofE top economist says recovery has been V-shaped Despite the promising results from the University of Oxford vaccine trial, the FTSE 100 still sank on Monday, closing the day 0.5% lower. Stock wise, a mixture of names dragged the FTSE 100 lower. International Consolidated Airlines Group, British American Tobacco…

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Daily Market News: Trump puts US companies dealing with Chinese apps on 45 days’ notice

Daily Market News: Jeff Bezos sells more than $3bn in Amazon stock

Daily Market News: Gold passes $2,000 an ounce for first time in history as investor fear grows

Daily Market News: BP cuts dividend, Twitter sinks after FTC investigation revealed

Daily Market News: Microsoft goes after TikTok’s US business despite Trump

Daily Market News: FAANGs thrive as US economy drowns

Daily Market News: Big tech in the spotlight as pandemic drives consumers online

Daily Market News: New restrictions in place but vaccine prospects enter final stage trials

Daily Market News: Tesla on the road to S&P 500 as dollar tumbles

Daily Market News: S&P 500 positive year-to-date after Amazon posts best day since 2018

Eli Lilly’s Zepbound a Possible Treatment for Sleep Apnoea

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Johnson & Johnson Shares Drop After Mixed Results

René Benko Under Investigation For Fraud