- Oops!Something went wrong.Please try again later.
W W Grainger shows improving price performance, earning an upgrade to its IBD Relative Strength Rating.
Global stock markets were mixed while U.S. Treasury yields ticked up on Monday, as investors waited for the results of a Federal Reserve policy meeting before making any major new bets. The continued hope for a rapid economic comeback put wind in the sails of oil markets as investors anticipated surging travel demand, while safe-haven gold dipped. Benchmark 10-year yields rose 4 basis points on Monday to 1.50%, mounting a bit of a comeback after falling to a three-month low of 1.43% on Friday.
The S&P 500 and Nasdaq eked out record high finishes on Monday, despite most traders being focused on this week's Federal Reserve meeting and not on adding to existing positions. Investors are seeking new cues from the central bank on its inflation outlook, after recent data indicated the U.S. economy is regaining momentum but not overheating.
(Bloomberg) -- Gold declined to near the lowest level in four weeks as the U.S. dollar and bond yields rebounded ahead of a key Federal Reserve meeting.The yield on 10-year Treasuries steadied following a rise to 1.49% on Monday after hitting three-month lows on Thursday. This damped the appeal of the non-interest-bearing precious metal. Investors will be looking to the Fed gathering, which starts Tuesday, for signals on a timeline for paring down emergency stimulus.Bullion’s retreat from the hi
Banking giant JPMorgan is sitting on a near half-trillion-dollar stockpile of cash, waiting to invest in higher rates in the coming months, instead of buying Treasurys or other securities, Chief Executive Jamie Dimon said Monday at a virtual banking conference.
(Bloomberg) -- Many of the issues thrown up in the transition away from sterling Libor appear to have been addressed, Bank of England Governor Andrew Bailey said Monday, delivering a confident assessment of the U.K.’s exit from the discredited benchmark.Britain, the home of Libor, is making faster progress than the U.S. and Japan. U.K. replacement rate Sonia, the Sterling Overnight Index Average, has seen widespread take-up the derivatives market, and firms were instructed in April to stop issui
You're living inside a giant piggy bank now — and have options for shaking out some cash.
Shares of movie chain were aloft to start another week, with the company's stock headed sharply higher amid a social-media campaign to push it toward $60 a share.
EV Aircraft company Vertical Aerospace announced last week that they would go public via a SPAC merger.
The mall owner had to cut rents during the Covid-19 pandemic, keeping tenants out of bankruptcy but hurting its business.
Mandatory Credit: Photo by STEPHANIE LECOCQ/POOL/EPA-EFE/Shutterstock (12072947bw) US President Joe Biden meets with NATO Secretary General Jens Stoltenberg (not pictured) during a NATO summit at the North Atlantic Treaty Organization (NATO) headquarters in Brussels, Belgium, 14 June 2021. The 30-nation alliance hopes to reaffirm its unity and discuss increasingly tense relations with China and Russia, as the organization pulls its troops out after 18 years in Afghanistan. NATO Summit in Brussel
CEO Michael Saylor is intent on adding to the company's bitcoin holdings.
If you recently started receiving Social Security benefits, here are three reasons you may be getting less than you expected.
Below is a new list using the same criteria we used to pull this list of heavily shorted stocks during the Reddit/Robinhood mania in late January. The biggest short squeeze in the Russell 3000 appears to be Virgin Galactic Holdings Inc. (SPCE) which more than doubled in four weeks and was 27.82% sold short on June 11.
(Bloomberg) -- A blank-check company backed by Goldman Sachs Group Inc. is in advanced talks to buy a nuclear measurement and analytics company from Charterhouse Capital Partners, according to people familiar with the matter.GS Acquisition Holdings Corp. II, a special purpose acquisition company launched about a year ago, could reach an agreement to acquire Mirion Technologies Inc. as soon as this week, the people said. The deal could value the company at about $2.5 billion, the people said, ask
‘The pandemic sent my life back to the 1950s, as I had to cook, provide tech support and homeschool our child.'
Senseonics is flying as high short interest and a huge surge in social media mentions fuels another “Memic Monday.”
The Indian rupee depreciated against the U.S. dollar for the fifth straight day on Monday as rising oil prices weighed on the currency despite strength in domestic equity markets.
NEW YORK (Reuters) -JPMorgan Chase & Co Chief Executive Jamie Dimon said on Monday the bank is holding around $500 billion in cash, putting it in a position to benefit from higher interest rates. "We've actually been effectively stockpiling more and more cash, waiting for opportunities to invest at higher rates," Dimon said during a virtual conference held by Morgan Stanley. "So our balance sheet is positioned (to) benefit from rising rates."
Qualcomm has revealed its willingness to invest in the UK-based Arm if its acquisition deal with Nvidia fails due to regulatory concerns.
In a hugely important decision, on Saturday a federal district judge in Texas upheld a hospital’s right to require its employees to receive Covid-19 vaccines, and rejected claims that it violated federal law or coerced employees. The judge’s decision explicitly rejected the plaintiffs’ claims that Houston Methodist Hospital is engaged in Nazi-style medical experimentation by requiring its employees to vaccinate to protect staff and patients from Covid-19. It should give employers—especially those dealing with vulnerable populations, like hospitals, prisons, schools, nursing homes, and daycares—courage to require their employees to get the safe, effective Covid-19 vaccines.