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SpaceX continues to mark new milestones as a private company, and that has spurred investors' appetites for publicly traded space stocks.
The space industry is one of the UK's fastest growing sectors, worth £14.8bn a year.
(Bloomberg) -- South Africa agreed to sell a majority stake in the country’s grounded national carrier to a local jet-leasing company and private-equity firm, ridding the government of an entity that has long been a drain on state finances.A consortium comprised of Johannesburg-based Global Airways, which owns recently launched domestic airline Lift, and private-equity firm Harith General Partners will take a 51% shareholding in South African Airways, Public Enterprises Minister Pravin Gordhan s
(Bloomberg) -- Gold erased early losses after U.S. inflation data showed domestic prices rising slightly faster than expected, causing real Treasury yields to decline.The increase in the U.S. consumer price index in May extends a months-long buildup in inflation that risks becoming more established as the economy strengthens. Real yields eased after the data due to the strong gain in inflation expectations, boosting the appeal of non-interest-bearing bullion.The data came after the European Cent
U.S. stocks are seen opening marginally higher Friday, remaining near record levels, with investors seemingly unconcerned about soaring inflation ahead of next week’s Federal Reserve meeting. At 7:05 AM ET (1205 GMT), the Dow Futures contract was up 95 points, or 0.3%, S&P 500 Futures traded 8 points, or 0.2%, higher, and Nasdaq 100 Futures climbed 30 points, or 0.2%. The three major indices closed higher Thursday, with the broad-based S&P 500 ending 0.5% higher, hitting a new record during regular trading, the blue-chip Dow Jones Industrial Average gained 0.1% and the tech-heavy Nasdaq Composite closed 0.8% higher.
NEW YORK/LONDON (Reuters) -European shares, the S&P 500 and an index of global stock performance scaled new peaks while yields on U.S., Japanese and European government debt fell on Friday as investors embraced the easy monetary policies of major central banks. Investor sentiment rose in Europe after the European Central Bank raised its growth and inflation projections on Thursday, and also renewed a pledge to keep stimulus flowing. The MSCI all-country world equity index, a benchmark that tracks shares in 50 countries, set a new intraday high and record close at 719.52, up 0.2% in a late-day surge that also lifted the S&P 500 to an all-time close.
WASHINGTON (Reuters) -A bipartisan group of lawmakers in the U.S. House of Representatives introduced four bills on Friday aimed at reining in the power of the tech giants, with one potentially leading to their break-up. Two of the bills address the issue of giant companies, such as Amazon.com Inc and Alphabet Inc's Google, creating a platform for other businesses and then competing against those same businesses. One measure bans platforms from owning subsidiaries that operate on their platform if those subsidiaries compete with other businesses - potentially forcing the Big Tech firms to sell assets.
(Bloomberg) -- European Central Bank President Christine Lagarde gave investors the green light to load up on some of the highest-yielding government bonds in the region over the coming months.By signaling that there would be no let-up in the ECB’s pandemic debt-buying program on Thursday, she helped put aside fears that the central bank is preparing to withdraw unprecedented monetary support -- at least until September.Italian and Greek securities extended a rally Friday as the region’s riskies
TOKYO (Reuters) – The dollar hovered near a five-month low versus major peers on Thursday as investors looked to U.S. inflation data and a European Central Bank meeting later in the day to provide a spur for lacklustre currency markets.
(Bloomberg) -- U.S. equities climbed to a record and benchmark Treasury yields extended declines to the lowest since March as investors bet that the Federal Reserve will maintain its ultra-accomodative policies even after data showed consumer prices rose more than forecast last month.The S&P 500 led the major American equity indexes higher, closing at an all-time high. The tech-heavy Nasdaq 100 rose to its highest level since late April as megacap technology stocks rallied. The 10-year Treasury
(Bloomberg) -- Lumber futures posted their biggest-ever weekly loss, extending a tumble from all-time highs reached last month as sawmills ramp up output and buyers hold off on purchases.Prices in Chicago fell 18% this week, the biggest decline for most-active futures in records going back to 1986. Lumber has has now dropped almost 40% from the record high reached on May 10.Sawmills appear to be catching up with the rampant homebuilding demand in North America that fueled a months-long rally, br
"Jeff Bezos’s trip to outer space is being financed by all the rest of the U.S. taxpayers who paid their taxes so that Jeff Bezos didn’t have to," Warren says.
Sometimes, finding the right stock can be a chore, and sometimes, a pleasure. But whether it’s a breeze or a slog, some things remain constant. The right stock will always bring a benefit to your portfolio – and high-yield dividend stocks, when carefully chosen, will do just that. Wall Street analysts have been doing the research for you, picking out stocks that are meeting those requirements. And the results are interesting – the analysts have tagged two stocks under $10 with strong dividends,
The IRS just sent out millions more payments. Will you get one?
A developer of electric, flying taxis is set to go public in New York by merging with a SPAC, as part of the latest wave of listings bringing more than $5 billion in enterprise value to the stock market.
Lawmakers who want generous relief vow they'll be "keeping the pressure on."
(Bloomberg) -- If the meme-stock mayhem were a movie -- and by all accounts it will be -- we’re now at the scene where the protagonists, after pulling off their first big mission, fight about what to do next.Emboldened by their initial success, the more daring would be anxious to ride again while the weather-worn veterans advise caution and, somewhere in between, a few characters can’t decide which side they’re on.That scene is playing out now on the 10 million-member WallStreetBets forum, where
The status of your lender and the condition of your local housing market are some of the factors that determine how many payments you can miss.
The Houston Methodist hospital system suspended 178 workers who refused to have the COVID-19 shot. “Unfortunately, a small number of individuals have decided not to put their patients first,” Dr. Marc Boom, Houston Methodist’s CEO and president, wrote in a Tuesday staff email that a spokeswoman shared with MarketWatch. “Houston Methodist is officially the first hospital system in the country to achieve this goal for the benefit of its patients,” he said.
(Bloomberg) -- After weeks of profiting from the stock and debt of AMC Entertainment Holdings Inc., hedge fund Mudrick Capital Management ended up with a 5.4% loss after a derivatives bet went haywire.The fund, which specializes in distressed debt, suffered the losses on AMC after day traders pushed the movie theater’s shares up as much as 127% on a single day, derailing call options Mudrick had sold on AMC shares to hedge exposure to the company, according to a person with knowledge of the matt
The long-term bullish bet is akin to buying a lottery ticket.
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