SINGAPORE — Hong Kong-listed shares of HSBC popped on Tuesday after third quarter profits beat market expectations. Europe’s largest bank by assets reported profit before tax of $3.07 billion in the July-to-September quarter, 36% lower than the $4.84 billion recorded a year ago as it attempts to recover from the economic shock of the coronavirus […]
It’s been a buckle-up-and-hold-on sort of year for Wall Street and retail investors. The unprecedented uncertainty created by the coronavirus disease 2019 (COVID-19) pandemic shaved 34% off of the benchmark S&P 500 (SNPINDEX:^GSPC) in a matter of just 33 calendar days during the first quarter. We also witnessed the fastest snap-back rally to new highs […]
Volatility has once again returned to Wall Street. Swinging between positive and negative territory in the previous five sessions, the market’s movements have largely been tied to updates on the ongoing stimulus talks. Working for months to pass additional stimulus measures, both sides of the aisle are making a last-ditch effort to come to an […]
Asian shares got the week off to a hesitant start on Monday as surging coronavirus cases in Europe and the United states undermined the global outlook, while China’s leaders meet to ponder the future of the economic giant. The U.S. has seen its highest ever number of new COVID-19 cases in the past two days, […]
The diesel industry is dying, and it’s taking platinum down with it. Platinum prices have merely been treading water since the Dieselgate scandal thanks to diesel vehicle sales in Europe going on a five-year freefall. The automotive industry is the biggest consumer of platinum, with 44% of the world’s supply of the precious metal going into catalytic […]
Gold prices eased to an over one-week low on Monday in early Asia trade as the dollar firmed and talks over the new U.S. coronavirus aid package showed no signs of progress. Fundamentals Spot gold fell 0.1% to $1,899.41 per ounce by 0053 GMT, after hitting $1,890.19, its lowest since Oct. 15. U.S. gold futures were […]
Will the results of the upcoming presidential election send stock values plummeting? We can’t predict how stocks will fare this November, but it’s fair to assume that there may be some volatility once the results of the presidential election come through. Many investors are worried about this, but they needn’t be. Here’s why you shouldn’t […]
Shares of Intel (NASDAQ:INTC) tanked yesterday after the company reported disappointing third-quarter earnings results. Investors were rattled by a 7% drop in Data Center Group (DCG) revenue, one of the company’s largest and most profitable businesses. Intel also warned that the challenges will remain next quarter. Here’s what investors need to know. Continuing weakness DCG […]
Don’t look now, but solar energy stocks are crushing the market — and fossil fuel stocks — in 2020. This follows years of underperformance by most solar energy stocks and a year when it was feared that the pandemic would grind the industry to a halt. But instead of folding under the pressure of economic […]
A little-noticed provision of the revised Heroes Act which passed the House on Oct. 1 might destroy the U.S. municipal bond market. Although this may be a desirable outcome to proponents who would like to free state and local government from the costs and constraints associated with issuing bonds, such a radical change at least […]
Stock Markets Following three consecutive weekly advances, stocks declined modestly last week. The news flow was dominated by headlines around the negotiations for another round of fiscal relief from Washington before the election, which is fast approaching. The 10-year Treasury yield rose to the highest level in four months amid expectations that a potential Biden […]
Friday was a fitting end to the week for the stock market, as Wall Street continued to balance worries against hopes. Another week went by without definitive progress on economic stimulus for the U.S. economy, and the presidential election is drawing nearer with its own uncertainty. The Dow Jones Industrial Average (DJINDICES:^DJI) finished down on […]
