8:00 - 19:00

Working hours MON. - FRI.

 

News

ECB’s Covid Rescue Program Attacked in Suit at Top German Court By Bloomberg

(Bloomberg) -- The European Central Bank’s emergency response to the coronavirus pandemic faces another challenge at Germany’s top court, this time from a group of 16 business people and academics. The ECB’s Pandemic Emergency Purchase Program is a “blatant case of government financing,” said Markus Kerber, a Berlin finance professor, who is leading the...

Continue reading

ECB Pledges to Ramp up Buying Speed to Contain Bond-Yield Impact By Bloomberg

(Bloomberg) -- The European Central Bank pledged to ramp up its buying of government debt in coming months in a bid to a contain rising bond yields that threaten to derail the region’s economic recovery. “The Governing Council expects purchases under the PEPP over the next quarter to be conducted at a significantly higher pace than during the first months of this year,”...

Continue reading

FAANG Stocks Back As Inflation Worries Wane, Apple Leads With 1.8% Gains Premarket By Investing.com

By Dhirendra Tripathi Investing.com – Technology shares were broadly higher in premarket trading Thursday, with the all FAANG stocks being up 1.5% to 2% each. Futures of all the broader indices also pointed to a gap up at the opening as fears over higher inflation and long-term interest rates receded. FAANG is the acronym for Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL), Netflix (NASDAQ:NFLX)...

Continue reading

Jobless Claims, 30Y Bond Sale, ECB, Coupang IPO – What’s up in Markets By Investing.com

By Geoffrey Smith  Investing.com -- The Treasury completes its mammoth bond sale this week with an auction of 30-year bonds, against a market backdrop much improved by tepid inflation numbers. Jobless claims are due at 8:30 AM ET. The European Central Bank holds its regular policy meeting and press conference, and Coupang follows Roblox to market as the IPO bandwagon rolls on. OPEC’s monthly...

Continue reading

Nasdaq Futures Up 205 Pts; Tech Stocks Back in Fashion By Investing.com

By Peter Nurse    Investing.com - U.S. stocks are seen opening higher Thursday, with growth stocks seen joining the rally as the Biden administration’s substantial stimulus package nears reality and inflation worries ease. At 7:05 AM ET (1205 GMT), the Dow Futures contract was up 85 points, or 0.3%, S&P 500 Futures traded 23 points, or 0.6%, higher, and Nasdaq 100 Futures climbed 205...

Continue reading

Roblox Up 12% Premarket As Cathie Wood’s Fund Buys Over 50,000 Shares By Investing.com

By Dhirendra Tripathi Investing.com – Roblox (NYSE:RBLX) shares were up 12% at $78 in premarket trade Thursday, extending their gains after their debut a day earlier. The reference price for the listing was set at $45. Fund manager Cathie Wood’s Next Generation Internet ETF (NYSE:ARKW), has bought over 500,000 shares of the video-games developer, according to reports. The company, founded in 2004 by David Baszucki, ...

Continue reading

BAT to pick up stake in Canada-based pot producer Organigram By Reuters

(Reuters) - British American Tobacco (LON:BATS) said on Thursday it will buy a nearly 20% stake in Canada-based cannabis producer Organigram for about 126 million pounds ($175.81 million) as it diversifies beyond its main tobacco business. Organigram grows cannabis and makes cannabis-derived products in Canada where marijuana was legalised in 2018. Big tobacco and liquor companies in North America have...

Continue reading

Britain’s John Lewis set to shut more stores on COVID-19 hit By Reuters

(Reuters) - John Lewis Partnership warned that some of its department stores would close down permanently after record costs and shop closures pushed the business to an annual pre-tax loss on Thursday. The group, which operates 42 John Lewis shops, permanently closed eight stores last July impacting 1,300 jobs, as it grappled with the fallout from the pandemic. "Hard as it...

Continue reading
en_GBEnglish