Gold prices plummeted and the most active gold futures contract posted its biggest single-session drop since November on Friday, as the dollar strengthened and benchmark treasury yields rose. Optimism about
Continue reading »Top Analyst Upgrades and Downgrades: Airbnb, ADM, ContextLogic, CrowdStrike, Datadog, Exxon, Kinder Morgan, Salesforce, Walgreens and More
The futures traded solidly lower to start the second full week of 2021 trading. With all of the major indexes and the Russell 2000 at all-time highs, some caution could
Continue reading »Hillman in Talks to Go Public Via Fertitta, Jefferies SPAC
Construction hardware supplier Hillman Group Inc. is in talks to go public through a merger with Landcadia Holdings III Inc., a blank-check firm led by billionaire Tilman Fertitta and Jefferies
Continue reading »RBI’s Cash Tightening to Spark Recovery in Money-Market Rates
India’s key money-market rates and yields on short-term debt are set to rise after the central bank took its first small step to unwind emergency pandemic measures. The Reserve Bank
Continue reading »How Markets Are Moving With Biden as President, From Green to Defense Stocks
In this article Follow Bloomberg on Telegram for all the investment news and analysis you need. Markets are loving Joe Biden’s turn as America’s president. The S&P 500 Index on
Continue reading »Faraday Future Is Said in Talks to Go Public Via SPAC Merger
Faraday & Future Inc., an electric-vehicle startup, is in talks to go public through a merger with Property Solutions Acquisition Corp., a blank-check firm, according to people with knowledge with
Continue reading »Walmart teams up with investment firm behind Robinhood on new fintech startup
Former Walmart CEO on how coronavirus changed consumer habits Former Walmart CEO Bill Simon argues that the coronavirus pandemic will challenge department stores, but one-stop shopping outlets will perform well.
Continue reading »Eskom Extends South Africa Power Cuts Due to Lack of Capacity
Sign up to our Next Africa newsletter and follow Bloomberg Africa on Twitter South Africa’s debt-laden power utility Eskom Holdings SOC Ltd. is extending power cuts to Monday after delays
Continue reading »Australia Unemployment Falls to 6.6% as Recovery Strengthens
Australian unemployment fell in December as a big-spending government budget and a second round of central bank stimulus spurred the economy’s recovery and encouraged firms to keep hiring. The jobless
Continue reading »Stock futures trade cautiously higher ahead of Trump impeachment vote
How to take advantage of the ‘reopening trade’ Ladenburg Thalmann Asset Management CEO Phil Blancato discusses reopening stock winners and losers. U.S. equity futures are trading higher ahead of the
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