trading

Stock futures flat in early morning trading ahead of Biden’s inauguration

CNBCJanuary 20, 2021January 20, 2021

by CNBCJanuary 20, 2021January 20, 202106

CNBC – For more and to sign up click here Stock futures held steady in early morning trade on Wednesday as investors waited for President-elect Joe Biden’s inauguration. Futures on the Dow Jones Industrial Average were just 20 points higher. S&P 500 futures and Nasdaq 100 futures also traded in......

Burr says DOJ ‘closed’ insider trading probe without charges

PoliticoJanuary 19, 2021January 19, 2021

by PoliticoJanuary 19, 2021January 19, 202106

Politico.com – For more and to sign up click here The New York Times first reported that Burr would not be facing federal charges. Burr dumped hundreds of thousands of dollars in stocks earlier this year while he was receiving briefings about the virus due to his perch on the......

Goldman Sachs beats analysts’ estimates on stronger-than-expected stock trading, investment banking

CNBCJanuary 19, 2021January 19, 2021

by CNBCJanuary 19, 2021January 19, 2021057

CNBC – For more and to sign up click here David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs on Tuesday beat analysts’ expectations for fourth-quarter profit and revenue on strong performance from the firm’s equities......

JPMorgan beats profit estimates on better-than-expected credit, trading revenue

CNBCJanuary 15, 2021January 15, 2021

by CNBCJanuary 15, 2021January 15, 2021011

CNBC – For more and to sign up click here Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase beat analysts’ estimates for fourth-quarter profit on better-than-expected trading......

Online clothing reseller Poshmark jumps more than 130% as it begins trading

CNBCJanuary 14, 2021January 14, 2021

by CNBCJanuary 14, 2021January 14, 2021010

CNBC – For more and to sign up click here Rafael Henrique | LightRocket | Getty Images Shares of online clothing reseller Poshmark popped more than 130% in the company’s market debut Thursday. The stock began trading at $97.50 per share. On Wednesday, Poshmark priced its IPO at $42 a......

5 reasons General Motors’ shares are trading at all-time highs

CNBCJanuary 13, 2021January 13, 2021

by CNBCJanuary 13, 2021January 13, 2021012

CNBC – For more and to sign up click here Shares of General Motors opened Wednesday above $50 for the first time ever after CEO Mary Barra and other executives laid out an array of future business plans — from electric vehicles to flying cars — at the CES technology......

Deutsche Bank to pay $125 million to settle U.S. probes into overseas bribes, trading practices

CNBCJanuary 8, 2021January 8, 2021

by CNBCJanuary 8, 2021January 8, 2021024

CNBC – For more and to sign up click here Christian Sewing, chief executive officer of Deutsche Bank AG, pauses as Germanys biggest bank announces full year earnings in Frankfurt, Germany, on Friday. Feb. 1, 2019. Deutsche Banks revenue contracted for an eighth straight quarter in the final months of......

Mets Bet Big, Trading for Francisco Lindor and Carlos Carrasco

New York TimesJanuary 7, 2021

by New York TimesJanuary 7, 202101

David Waldstein and Tyler Kepner The Mets made their first blockbuster deal under the ownership of Steven Cohen, acquiring the dynamic, power-hitting shortstop Francisco Lindor from the Cleveland Indians on Thursday in a multiplayer trade. The deal was announced on the team’s Twitter account at 1 p.m. The Mets will......

A Simple Way to End Questionable Stock Trading by Lawmakers

New York TimesJanuary 5, 2021January 5, 2021

by New York TimesJanuary 5, 2021January 5, 202109

After Senator Kelly Loeffler, Republican of Georgia, was investigated over insider trading claims last spring, along with at least three of her colleagues, she announced that she and her husband would no longer trade individual stocks; her family would divest them and move their money into diversified mutual funds. Ms.......

TREASURIES-Last day of 2020 trading sees yields dip, curve flatten

ReutersDecember 31, 2020

by ReutersDecember 31, 202001

(New throughout) NEW YORK, Dec 31 (Reuters) – U.S. Treasury yields fell on Thursday, the last trading day of the year, pulling the yield curve flatter despite an unexpected drop in unemployment claims in the United States for a second straight week. The decline ran counter to recent trends higher......

Trading legend Art Cashin shares his poem to say goodbye to 2020 and welcome the New Year

CNBCDecember 31, 2020January 1, 2021

by CNBCDecember 31, 2020January 1, 202107

CNBC – For more and to sign up click here Art Cashin couldn’t lead the New York Stock Exchange in the singing of “Wait til the Sun Shines Nellie” this year, but he penned this poem for UBS and its clients and is sharing it with us here. Happy New......

Stocks are flat amid thin trading in shortened Christmas Eve session

CNBCDecember 24, 2020December 24, 2020

by CNBCDecember 24, 2020December 24, 2020022

CNBC – For more and to sign up click here U.S. stocks held steady on Thursday in thin trading as Wall Street is set to wrap up the holiday-shortened week. The Dow Jones Industrial Average dipped just 10 points, while the S&P 500 was little changed. The Nasdaq Composite was......

Some NYSE trading floor personnel to return to remote operations

CNBCDecember 22, 2020December 22, 2020

by CNBCDecember 22, 2020December 22, 202007

CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange. NYSE Some New York Stock Exchange workers will return to remote working amid a surge in Covid-19 cases in the largest city in the U.S. “On Monday, December 28, 2020, in......

Dow falls 200 points in volatile trading as investors wait for stimulus update from Washington

CNBCDecember 18, 2020December 18, 2020

by CNBCDecember 18, 2020December 18, 2020013

CNBC – For more and to sign up click here Stocks slipped from record highs on Friday as lawmakers rushed to bridge differences on additional coronavirus stimulus measures. The Dow Jones Industrial Average fell about 230 points, while the S&P 500 dipped 0.8%. The Nasdaq Composite traded 0.5% lower. All......

Global FX turnover jumps 11% in November as vaccines spur trading

ReutersDecember 14, 2020

by ReutersDecember 14, 202001

FILE PHOTO: Saudi riyal, yuan, Turkish lira, pound, U.S. dollar, euro and Jordanian dinar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration LONDON (Reuters) – Average daily foreign exchange trading volumes jumped 11% in November versus a year earlier as the U.S. election result and the......

Airbnb Tops $100 Billion on First Day of Trading, Reviving Talk of a Bubble

New York TimesDecember 10, 2020December 10, 2020

by New York TimesDecember 10, 2020December 10, 202001

Unlike the other start-ups, which have seen demand for their products soar in the pandemic, Airbnb spent most of the year reeling as people canceled their bookings. In the first nine months of the year, Airbnb brought in $2.5 billion in revenue, down from $3.7 billion a year earlier. It......

DoorDash trading at steep premium to Uber and GrubHub as investors bet on growth beyond food

CNBCDecember 9, 2020December 10, 2020

by CNBCDecember 9, 2020December 10, 2020019

CNBC – For more and to sign up click here DoorDash signage outside the New York Stock Exchange (NYSE) during the company’s initial public offering (IPO) in New York, on Wednesday, Dec. 9, 2020. Michael Nagle | Bloomberg | Getty Images After DoorDash’s first day on the market, it’s clear......

DoorDash Soars in First Day of Trading

New York TimesDecember 9, 2020December 9, 2020

by New York TimesDecember 9, 2020December 9, 202001

SAN FRANCISCO — Wall Street loves a pandemic winner. Shares of DoorDash soared in their first day of trading on Wednesday, capping a year of outsize growth for the country’s largest food delivery company. DoorDash stock opened at $182, 78 percent above its initial public offering price of $102, and......

Trading Box Office for Streaming, but Stars Still Want Their Money

New York TimesDecember 7, 2020December 7, 2020

by New York TimesDecember 7, 2020December 7, 202001

The 97-year-old studio, the ancestral home of Humphrey Bogart (“Casablanca”) and Bette Davis (“Now, Voyager”), suddenly finds itself at the uncomfortable center of a Hollywood that is changing at light speed. Even before the pandemic, streaming services like Netflix, Apple TV+ and Amazon Prime Video were upending how movies get......

Pandemic-induced options trading craze shows no signs of slowing down

CNBCDecember 4, 2020December 4, 2020

by CNBCDecember 4, 2020December 4, 2020027

CNBC – For more and to sign up click here Traders work on the floor of the NYSE in New York. NYSE Options trading is the new sports betting. Talk about unintended consequences. The stay-at-home requirement created by Covid-19 has spawned a huge sub-industry in options trading in tandem with......

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