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NASDAQ

NASDAQ

China’s Kingold shares tank on report of fake gold bars

BEIJING (Reuters) - Kingold Jewelry Inc’s (KGJI.O) New York-listed shares fell as much as 40% on Monday following a media report that alleged the Chinese company had obtained loans by using fake gold bars as collateral. Kingold chairman Jia Zhihong was cited in the article as denying there was anything…
bubmag
June 30, 2020
NASDAQ

Daily Crunch: Amazon buys self-driving startup Zoox

Amazon makes an autonomous driving acquisition, Microsoft closes its retail stores and health insurance startup Oscar raises $225 million. Here’s your Daily Crunch for June 26, 2020. 1. Amazon to acquire autonomous driving startup Zoox According to Amazon’s announcement, Zoox will continue to exist as a standalone business, with current…
bubmag
June 26, 2020
NASDAQ

North American stock markets surge higher at start of trading

Markets surge higherThe Canadian Press - Jun 16, 2020 / 7:04 am | Story: 302854 Photo: The Canadian Press The energy, financial and industrial sectors led a broad rally as Canada's main stock index surged higher in early trading, while U.S. stock markets also moved up. The S&P/TSX composite index…
bubmag
June 16, 2020
NASDAQ

Stock futures continue rally following Fed’s bond buying plan

U.S. equity futures were pointing to a sharply higher open Tuesday morning following a report that President Trump is preparing an almost $1 trillion infrastructure plan and after a record surge in retail sales.Dow Jones Industrial Average futures gained 928 points, or 3.6 percent, while S&P 500 futures and Nasdaq…
bubmag
June 16, 2020
NASDAQ

This week in Trumponomics: Stocks can’t handle the truth

The stock market gave a rare nod to reality this week, after Federal Reserve chair Jay Powell laid out his vision for a creeping economic recovery that will take years rather than months.The Federal Reserve forecast that real GDP will decline 6% by the end of 2020, which is considerably…
bubmag
June 12, 2020
NASDAQ

Stocks tumble on economy, virus angst; bonds rise

4:20 p.m. ET: North American markets plunge, post biggest declines since March North American equity markets plunged Thursday, closing out the trading way with their biggest declines since March as concerns mount of a second wave of the COVID-19 virus outbreak despite the reopening of global economies. Markets were also weighed…
bubmag
June 11, 2020
NASDAQ

Nasdaq 10,000, or whatever

After touching the 10,000-point milestone yesterday, the Nasdaq Composite set a new all-time intraday high this morning of 10,028.61, per Yahoo Finance. In more normal times this would be a fanfare moment, the culmination of a long rise in the tech-heavy index indicative of an industry’s rising power. Instead, it…
bubmag
June 10, 2020