Page 34 - Us Markets

US weekly jobless claims edge down as labor market recovery stalls

The number of Americans filing new applications for unemployment benefits inched down last week, consistent with a recent stalling in the labor market recovery.

How Sebi's warning system curbs GameStop-like gains in Indian stock markets

The so-called graded surveillance measure, which was introduced in 2017, is unique and helps prevent GameStop-like surges in small caps

Global stocks mixed on optimism over recovery, stimulus package

Global stock markets were mixed on Tuesday after another record-setting rally on Wall Street. London and Frankfurt opened lower, while Shanghai, Tokyo and Hong Kong advanced. US futures were lower a day after Wall Street's benchmark S&P 500 index closed up 0.7%. Investors were encouraged by company earnings, news that a surge in coronavirus cases is easing, progress in distributing vaccines and the possibility of U.S. government stimulus. Despite concern prices might be rising too fast, the momentum behind this reflation trade remains a force to reckon with, said Jingyi Pan of IG in a report. In early trading, London's FTSE 100 declined less than 0.1% to 6,518.19 and Frankfurt's DAX lost 0.2% to 14,032.42. The CAC 40 in Paris was unchanged at 5,686.76. On Wall Street, the future for the S&P 500 and Dow Jones Industrial Average were off less than 0.1%. On Monday, the S&P 500, the Dow and the Nasdaq composite all set records. In Washington, President Joe Biden and ...

Bitcoin rally propels cryptocurrency market value to fresh record

The largest cryptocurrency is up about 22% this week

Wall Street opens higher as focus turns to stimulus, corporate earnings

Wall Street's main indexes opened higher, as investors looked to corporate earnings and signs of progress on a pandemic-relief package after data suggested the labor market was stabilizing.

Retail trading frenzy stalls as focus falls on regulator meeting

Stocks at the heart of a recent buying frenzy driven by social media slipped in thin European trade on Thursday

Young, confident, digitally connected - meet America's new day traders

US-based stock trading app Robinhood says the average age of the 13 million users on its platform is 31

Analysis: GameStop saga expected to revive scrutiny of hedge fund industry

Scrutiny of the non-bank financial sector was already expected to be high on newly appointed Treasury Secretary Janet Yellen's agenda

Robinhood raises $3.4 billion from investors amid surge in trading

The move comes amid a spike in trading on Wall Street fuelled by small investors driving up shares in GameStop and other stocks

Robinhood raising more debt to fulfill Reddit-fueled order frenzy: Report

The capital raised would be separate from the $3.4 billion in financing that Robinhood announced on Monday it had secured from its investors since Jan. 29

Billionaire Steve Cohen quits Twitter, citing threats in GameStop uproar

The details of Cohen's holdings were not disclosed, so it was unclear if he was a short seller.

GameStop short nightmare shows few signs of becoming a contagion

Short sales have actually dwindled during the past year to the lowest level since at least 2008

Facebook temporarily shuts stock trading group after GameStop frenzy

The stock gained 57 per cent (8.40 pm IST) on Friday after plunging a record 44 per cent in Thursday's session

Global Markets: Stocks fall on long-short battle, European vaccine row

Wall Street has been gripped by a coordinated assault by small traders organising over online forums

'Dumb money' is on GameStop, beating Wall Street at its own game

Shares soar 1,700% as millions of small investors partake in the frenzy

Dow Inc quarterly results beat estimates on higher demand, prices

Dow Inc reported quarterly results on Thursday that beat analysts' estimates and forecast better-than-expected sales for the first quarter as demand and prices for its chemicals recover

Gold prices dip as investors opt for relative shelter of US dollar

Spot gold was down 0.2% at $1,840 an ounce by 1258 GMT. Prices had fallen to their lowest since Jan. 18 at $1,830.80 on Wednesday.

Wall Street slips as IBM, Intel falter after results; Dow falls 160 points

The Nasdaq Composite gained 0.76 points to 13,531.18, helped by a rise in shares of Microsoft Corp and Facebook Inc.

Joe Biden playbook grips markets: Green up, defence and prisons down

South Korea's OCI Co, a solar equipment maker, rose as much as 9 per cent on and Japan's West Holdings gained 4.5 per cent

Oil prices fall after earlier gains as rising global Covid-19 cases

The next milestone for Brent prices is a rise above $60, a level not seen since late January 2020.