„People want to own stocks and there is not enough stock,“ which is helping fuel the market rally, CNBC’s Jim Cramer said.
Deutsche Bank to pay $125 million to settle U.S. probes into overseas bribes, trading practices
The news is the latest acknowledgement of lapses in controls at Deutsche Bank since the 2008 financial crisis.
Clarida says Fed bond purchases to keep pace through the rest of the year
The Fed is buying at least $120 billion a month, split between a minimum $80 billion in Treasurys and $40 billion in mortgage-backed securities.
Stocks making the biggest moves midday: Tesla, Plug Power, U.S. Steel, Chipotle & more
Check out the companies making headlines in midday trading.
Bitcoin hits fresh record high near $42,000, climbing 40% so far this year
Investors increasingly view the cryptocurrency as a hedge against inflation.
Crude Oil Prices Eyeing OPEC Outlook Report After Saudi Output Cut, US Stimulus
Crude oil prices may extend gains after Saudi Arabia unexpectedly cut production ahead of the monthly OPEC outlook report. US fiscal stimulus bets may also underpin WTI.
Australian Dollar Outlook: Rising Commodity Prices to Drive AUD Higher
Australia’s success in suppressing the novel coronavirus and soaring commodity prices may continue to underpin the cyclically-sensitive AUD in the coming months.
Sterling (GBP) Weekly Outlook: Covid-19 Vaccination Program Underpins Sterling
Looking ahead, the British Pound will continue to draw strength from an acceleration in the UK vaccination program, despite rising infection numbers.
US stocks close higher on the day. Nasdaq leads the way.
Dow, S&P and Nasdaq closes at record close
The US stocks closed higher on the day. The Nasdaq led the way with a gain of over 1%.
The final numbers are showing:
The US stocks closed higher on the day. The Nasdaq led the way with a gain of over 1%.
The final numbers are showing:
ForexLive Americas FX news wrap: Jobs miss overshadowed by Fed and stimulus talk
Forex news for North American trade on January 8, 2020:
Market:
If you look at the FX ticker, it doesn’t look like it was much of a day in the market:
The reality was that it was full of significant developments, twists and turns.
Market:
If you look at the FX ticker, it doesn’t look like it was much of a day in the market:
The reality was that it was full of significant developments, twists and turns.