Investing

Relative strength is a measure of the price trend of a stock or other financial instrument compared to another stock, instrument or industry. It is calculated by taking the price of one asset and dividing it by another. For example, if the price of Ford shares is $7 and the price of GM shares is
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FedEx has laid bare the scale of the online shopping boom in the run-up to the peak US holiday season, producing its highest quarterly sales on record after the logistics group handled millions of additional packages and implemented surcharges on shipments. Earnings released on Thursday showed FedEx Ground, the company’s small-package ground delivery business in
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Greece announced tighter restrictions in three towns in western Attica following a jump in coronavirus cases even though the country is in the sixth week of a nationwide lockdown. The night-time curfew will begin at 6pm on Friday in Eleusis, Mandra and Aspropyrgos, three hours earlier than before. Hospitalisations related to coronavirus have climbed to
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Short-term investments can include a number of possible investment vehicles. Marketable equity securities are just one of the possible choices a company might make for short-term investments. Short-term investments vary widely among different businesses. Major corporations typically have billions of dollars in short-term investments that are managed by professional investment firms. For such corporations, cash management
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The Securities and Exchange Commission on Thursday charged Robinhood with deceiving customers about how the stock trading app makes money and failing to deliver the promised best execution of trades. Robinhood agreed to pay a $65 million civil penalty, without admitting or denying SEC’s findings. The Silicon Valley startup, which has eventual plans to go public,
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Another 885,000 Americans filed for first-time unemployment benefits last week, the highest level in three months, as fresh restrictions to combat the resurgence in coronavirus cases continue to strain the job market. Weekly jobless claims increased by 23,000, from 862,000 last week. Economists had expected claims to moderate to 800,000. That came alongside a rise
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Changes in interest rates can have both positive and negative effects on the markets. Central banks often change their target interest rates in response to economic activity: raising rates when the economy is overly strong, and lowering rates when the economy is sluggish. In the U.S., when the Federal Reserve Board (the Fed) changes the
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Stock trading app Robinhood is being accused of reckless, exploitive business tactics on its young, millennial clientele. “The worst aspect of what they do clearly is they way they are gameifying the idea of investing,” Massachusetts Secretary of the Commonwealth William Galvin, who filed the compliant, told CNBC’s “Squawk Alley” Wednesday. “This is a very
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Rio Tinto has named its finance director Jakob Stausholm as its next chief executive as the Anglo-Australian miner attempts to rebuild its reputation following an international outcry over the destruction of a sacred Aboriginal site. The promotion of Mr Stausholm, a Danish national who joined Rio in 2018 from shipping company AP Moller-Maersk, will surprise
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This year of livestreamed auctions ended gently as the close-of-season Old Masters evening sales in London brought in slim totals compared with their contemporary and modern art counterparts. Sotheby’s fielded 27 lots that made a within-estimate £8.6m on December 10 (£10.6m with fees), while Christie’s 44 lots made a healthier total of £18.7m (£22.8m with
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It’s an exciting time for investors who are interested in adding marijuana stocks to their portfolios. For one thing, people are learning more about the drug and how its use can be applied to the medical industry. This is leading to more relaxed attitudes about cannabis. But there are certain considerations associated with marijuana stocks
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Trading euro-based currency pairs requires following events that can have a major impact on the euro (also known as the “common currency”), which can be a daunting task for foreign exchange (FX) traders. Currently, the euro is the official currency of 19 of the 27 member countries that comprise the European Union (EU). These 19
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AST’s corporate headquarters and high-volume manufacturing facility in Midland, Texas AST & Science Special purpose acquisition company New Providence will take next-generation satellite broadband specialist AST & Science public through a SPAC deal that gives the space company an equity value of $1.8 billion, the firm announced on Wednesday. AST will list on the Nasdaq
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In a sharp reversal from yesterday, U.S. equity markets rallied hard throughout the day, closing near session highs. News of real progress on a slimmed-down $748 billion stimulus package added some optimism, as did the FDA’s endorsement of Moderna’s mRNA COVID-19 vaccine. Enhanced lockdown measures throughout Europe and in some U.S. cities did little to
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48.6 The latest reading of the New York City Recovery Index out of a possible score of 100. Editor’s note: Below you’ll find the week 10 release of the NYC Recovery Index, originally published Dec. 7, 2020. Visit the NYC Recovery index homepage for the latest data. New York City’s economic recovery remained relatively stagnant during the
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CNBC’s Jim Cramer urged Congress on Tuesday to quickly pass another piece of coronavirus stimulus legislation, saying key parts of the economy need help until Covid-19 vaccines are widely administered. “We are so close to getting this economy back on track, but these places that close, they can’t flip a switch and open again. That’s
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Index provider MSCI said it would drop seven companies that the US government has labelled as having ties to the Chinese military from its indices, after President Donald Trump barred US investors from holding stakes in such companies. MSCI said the seven — which included SMIC, China’s biggest chipmaker — would be removed from its
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Matthew Rocco Hospitals in Pennsylvania and the south Atlantic are treating more Covid-19 patients than at any other point during the pandemic, as the region continues to battle an autumn resurgence of coronavirus. Pennsylvania counted 6,295 Covid-19 patients currently in hospital, up from 5,970 the day before and the highest level on record, data from
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US congressional leaders are facing growing pressure to agree on compromise fiscal stimulus legislation, as support grew for a new slimmed-down package worth $748bn championed by a bipartisan group of senators. The proposal, which includes aid to small businesses and funding for unemployment benefits, represents a last chance before the holiday recess for an agreement
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