The ETF industry in the U.S. surpassed $5 trillion in assets under management last week, a new record.
Full impact of pandemic on Europe’s banks won’t be clear until 2021, official says
The fallout from the Covid-19 pandemic on Europe’s financial institutions will become more apparent in coming months, according to a senior banking official.
U.S. companies with China operations look to the Asian giant for growth
The disparity in economic recovery is giving multinational companies with China operations some pressure to carry more weight for the company overall.
Dow futures extend losses, now down 250 points after weaker-than-expected retail sales
On Monday, the Dow and S&P 500 posted all-time closing highs. The Dow also notched an intraday record. Those gains came after Moderna released trial data.
Walmart earnings top expectations as customers’ new shopping habits send e-commerce sales soaring 79%
Walmart’s U.S. e-commerce sales soared by 79% in the third quarter, as customers continued to shop online during the coronavirus pandemic.
Home Depot earnings beat as shoppers focus on home, retailer to make pandemic pay raises permanent
Home Depot reported third-quarter earnings that beat estimates as consumers continued to focus on home improvement during the pandemic.
Kohl’s sales fall 13% as shoppers shift spending away from apparel
Kohl’s on Tuesday reported a 13.3% decline in quarterly sales, as the coronavirus pandemic limited the number of people visiting its stores to buy clothes, shoes and beauty items.
Airbnb files to go public, turned a profit last quarter
Airbnb has released its prospectus to debut on public markets.
Markets Week Ahead: Dow Jones, Nasdaq, Crude Oil, OPEC, GBP/USD, Brexit Talks
Rotation-trade dynamics was this past week’s focus as the Dow Jones outperformed the Nasdaq. Will this continue? Gold prices tumbled as crude oil gained ahead of an OPEC+ meeting. The British Pound…
EUR/USD inches closer towards 1.1900 as dollar keeps softer on the session
The dollar is trading weaker despite the slightly cautious risk tone
European equities are keeping on the back foot with US futures also seen down by 0.5% although Nasdaq futures are holding up, keeping closer to flat levels for now.
European equities are keeping on the back foot with US futures also seen down by 0.5% although Nasdaq futures are holding up, keeping closer to flat levels for now.