The stock market plunge shouldn’t have been surprising. Signs of frothiness have abounded.
Schlagwort-Archiv: Financial
China’s yuan could become the world’s third largest reserve currency in 10 years, Morgan Stanley predicts
Morgan Stanley analysts predict the Chinese yuan will account for between 5% to 10% of global foreign exchange reserve assets by 2030, putting the currency into third place.
Trader Talk: What’s next for markets?
The stock market plunge shouldn’t have been surprising. Signs of frothiness have abounded.
Stocks making the biggest moves in the premarket: DocuSign, Broadcom, Tesla, Grubhub & more
The stocks making the biggest moves in premarket trading include DocuSign, Broadcom, Tesla, Grubhub, and more.
Stocks struggle as tech losses continue, Nasdaq falls nearly 2%
The S&P 500 opened flat on Friday as Wall Street tried to recover some of its steep losses from the previous session after the of better-than-expected U.S. unemployment data.
Chinese banks‘ profits will weaken even more in the second half of 2020, says Fitch Ratings
China’s authorities aim to dispose 3.4 trillion yuan ($497 billion) worth of bad loans from the banking sector this year — only one-third of that have been written off, said Fitch.
IPO shares are up a surprising 60% this year with a number of big debuts expected ahead
The Renaissance Capital IPO ETF (IPO), a basket of the 60 or so largest IPOs in the last two years, is up 64% year-to-date.
Tesla is dropping again, bringing three-day loss to 17%
Tesla shares came under pressure again on Thursday, following two days of heavy selling.
SpaceX’s Starlink internet shows fast speeds during early tests, capable of gaming and streaming
Early tests of SpaceX’s Starlink satellite internet network showed speeds capable of playing online video games and streaming movies.
Trump will roll back more environmental regulations if re-elected, says EPA chief
After three years in office, the Trump administration is reversing more than 100 major climate and environmental rules that it’s deemed burdensome to the fossil fuel industry, even as climate change accelerates.