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A trader reacts while talking on his phone during a break outside of the New York Stock Exchange (NYSE) on Wall Street in New York City.(REUTERS)

Wall Street sees green as US stocks open higher; banks, industrials post gains

AP |
PUBLISHED ON JUN 21, 2021 07:24 PM IST
The benchmark index was up 0.3% in the first few minutes of trading Monday. Banks and industrial companies were doing the best, while several big technology companies were falling.
Wall Street and Broad Street signs in New York, US, on Monday, June 14, 2021. (Bloomberg)
Wall Street and Broad Street signs in New York, US, on Monday, June 14, 2021. (Bloomberg)

Wall Street sees turbulence as Fed shift causes rally in value stocks to wobble

Reuters | , New York
PUBLISHED ON JUN 19, 2021 01:37 AM IST
The Russell 1000 Value Stock Index is down 4% from its June peak, though still up 13.2% this year. Its growth counterpart is up 9.1% year-to-date.
A sign for a Wall Street building is shown, (AP file photo)
A sign for a Wall Street building is shown, (AP file photo)

Wall Street ends lower, jittery investors eye Fed report

Reuters |
PUBLISHED ON JUN 16, 2021 01:40 AM IST
All eyes are now on the central bank's statement at the end of its two-day policy meeting on Wednesday.
Overall, many CEOs took a cut in salary last year because of the pandemic, but got more in stock awards and other compensation. (AP Photo/Mark Lennihan)(AP)
Overall, many CEOs took a cut in salary last year because of the pandemic, but got more in stock awards and other compensation. (AP Photo/Mark Lennihan)(AP)

Female CEOs saw ranks dwindle in 2020; median pay fell 2%

AP |
PUBLISHED ON MAY 28, 2021 07:01 PM IST
  • Already a small group, they saw several high-profile women leave their ranks last year. That means changes in pay for only a few helped skew the overall figures
Hong Kong was up 0.5 percent while Sydney, Seoul, Singapore and Taipei all posted healthy gains, but Shanghai was down 0.2 percent.(Shutterstock. Representative image)
Hong Kong was up 0.5 percent while Sydney, Seoul, Singapore and Taipei all posted healthy gains, but Shanghai was down 0.2 percent.(Shutterstock. Representative image)

Asia markets rebound after Wall Street rally

AFP | | Posted by Harshit Sabarwal
PUBLISHED ON APR 22, 2021 02:15 PM IST
Tokyo led the Asian recovery with the Nikkei up 2.4 percent by the closing bell, despite an escalating coronavirus outbreak just three months before Japan hosts the pandemic-delayed Olympics.
FILE - In this Nov. 5, 2020 file photo, a sign for Wall Street is carved in the side of a building. Stocks are opening higher on Wall Street led by gains in Big Tech companies. The S&P 500 was up 0.4% early Wednesday, March 31, 2021. (AP)
FILE - In this Nov. 5, 2020 file photo, a sign for Wall Street is carved in the side of a building. Stocks are opening higher on Wall Street led by gains in Big Tech companies. The S&P 500 was up 0.4% early Wednesday, March 31, 2021. (AP)

Wall Street bets Moderna, Novavax will finally fall in 2021

Bloomberg |
PUBLISHED ON APR 05, 2021 11:56 PM IST
Moderna Inc. and Novavax Inc. shares have run their course in the eyes of some Wall Street investors and are prime candidates for bets that they will fall this year.
The possibility of additional block trades still looms over the market, while the traditional end-of-quarter volatility may contribute to sharper swings on high-flying stocks.. (Nicole Pereira/New York Stock Exchange via AP)(AP)
The possibility of additional block trades still looms over the market, while the traditional end-of-quarter volatility may contribute to sharper swings on high-flying stocks.. (Nicole Pereira/New York Stock Exchange via AP)(AP)

Global traders are ‘glued to their screens’ and set for volatile open

Bloomberg |
PUBLISHED ON MAR 28, 2021 10:46 PM IST
  • US equities notched their biggest gain in three weeks on Friday and the S&P 500 closed 1.7% higher as the bull market celebrated its first anniversary since hitting pandemic-era lows.
The New York Stock Exchange is seen in New York. Stocks are opening higher on Wall Street at the end of an up-and-down week, led by gains in banks and energy companies. The index was up 0.5% early Friday, March 26, 2021. (AP)
The New York Stock Exchange is seen in New York. Stocks are opening higher on Wall Street at the end of an up-and-down week, led by gains in banks and energy companies. The index was up 0.5% early Friday, March 26, 2021. (AP)

Wall Street rallies on strong recovery hopes

Reuters | , New York
PUBLISHED ON MAR 27, 2021 04:24 AM IST
Wall Street surged in the last half hour of trading, lifting all three indexes more than 1%. The S&P 500 and Dow eked out record closing highs.
FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri(REUTERS)
FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri(REUTERS)

Wall Street looking to quietly reopen wallets for politicians

Bloomberg |
PUBLISHED ON MAR 17, 2021 11:54 AM IST
The pause on political action committee contributions, touted by major financial companies like JPMorgan Chase & Co., Goldman Sachs Group Inc. and BlackRock Inc., alarmed lawmakers in both parties at the time, given how much of their campaigns are bankrolled by deep-pocketed corporate donors.
FILE - In this Nov. 23, 2020 file photo, a street sign is displayed at the New York Stock Exchange in New York. Stocks were mixed in early trading on Monday, March 15, 2021, as investors sifted a mixed bag of data from China. Wall Street continues to eye the bond market, where yields gave back some of last week's gains. (AP Photo/Seth Wenig, File)(AP)
FILE - In this Nov. 23, 2020 file photo, a street sign is displayed at the New York Stock Exchange in New York. Stocks were mixed in early trading on Monday, March 15, 2021, as investors sifted a mixed bag of data from China. Wall Street continues to eye the bond market, where yields gave back some of last week's gains. (AP Photo/Seth Wenig, File)(AP)

Global shares rise, Wall Street sees all-time high despite AstraZeneca concerns

AP | , Tokyo
PUBLISHED ON MAR 16, 2021 02:45 PM IST
The slower rollouts of the coronavirus vaccine in Asia, compared to the US and Europe, continues to put investors in the region in a cautionary mode, although South Korea, Taiwan, Japan and other nations have had fewer deaths.
Wall Street could soon find itself subject to lots more investigations launched by the CFPB, which was created to crack down on industry abuses that Democrats argue spurred the 2008 financial crisis.(via AP)
Wall Street could soon find itself subject to lots more investigations launched by the CFPB, which was created to crack down on industry abuses that Democrats argue spurred the 2008 financial crisis.(via AP)

Wall Street set to learn how tough Biden’s watchdogs will be

Bloomberg | | Posted by Harshit Sabarwal
PUBLISHED ON MAR 01, 2021 11:15 PM IST
Gary Gensler, whom the White House has tapped to head the Securities and Exchange Commission, and Rohit Chopra, the administration’s choice to lead the Consumer Financial Protection Bureau, are likely to win confirmation, lawmakers and financial executives say.
The yield on the 10-year Treasury note fell to 1.43% after going as high as 1.5% last week, the highest level in more than a year. Higher interest rates can slow the economy and discourage borrowing. (Representative Image)(AP)
The yield on the 10-year Treasury note fell to 1.43% after going as high as 1.5% last week, the highest level in more than a year. Higher interest rates can slow the economy and discourage borrowing. (Representative Image)(AP)

Stocks climb more than 2% as investors get back to buying

AP |
PUBLISHED ON MAR 01, 2021 09:40 PM IST
The S&P 500 added 2.1% as of 10:40 a.m. Eastern. More than 95% of the stocks in the index were higher, led by energy companies and airlines. The Dow Jones Industrial Average was up 2.2% and the Nasdaq Composite rose 2.1%.
Women walk past the New York Stock Exchange (NYSE) near Wall Street in New York. (AFP)
Women walk past the New York Stock Exchange (NYSE) near Wall Street in New York. (AFP)

Women make inroads on Wall Street, but many mountains yet to be moved

AFP | , New York
PUBLISHED ON FEB 28, 2021 08:37 AM IST
  • Employment figures demonstrate the mountains that still have to be moved to achieve parity between men and women in the financial services sector.
According to Stockpulse, an indicator measuring GameStop’s buzz on Reddit first peaked in early December, a solid month before its price started climbing.(Reuters file photo)
According to Stockpulse, an indicator measuring GameStop’s buzz on Reddit first peaked in early December, a solid month before its price started climbing.(Reuters file photo)

Wall Street robots are having a hard time decoding Reddit's 'memes and typos'

Bloomberg |
UPDATED ON FEB 22, 2021 08:22 PM IST
  • Reddit forum WallStreetBets is hard for humans to follow at the best of times. But spare a thought for the machines.
Carney, who headed the Bank of England and the Bank of Canada, had a 13-year career at Wall Street bank Goldman Sachs Group Inc in its London, Tokyo, New York and Toronto offices.(REUTERS)
Carney, who headed the Bank of England and the Bank of Canada, had a 13-year career at Wall Street bank Goldman Sachs Group Inc in its London, Tokyo, New York and Toronto offices.(REUTERS)

Former bank of England governor Carney joins Stripe Inc.

Reuters |
PUBLISHED ON FEB 21, 2021 11:51 AM IST
Forbes magazine had reported on Wednesday that investors were valuing Stripe at a $115 billion valuation in secondary-market transactions.
Overnight, Wall Street's benchmark S&P 500 index lost 0.4% for its third straight daily decline.(AP)
Overnight, Wall Street's benchmark S&P 500 index lost 0.4% for its third straight daily decline.(AP)

Global stocks higher after weak US jobs, economic data

AP | , Beijing
PUBLISHED ON FEB 19, 2021 03:29 PM IST
London and Frankfurt rose in early trading while Shanghai, Hong Kong and Seoul closed higher.
The GameStop surge resulted in massive losses for Melvin, after the hedge fund bet the retailer’s stock price would tumble.(Reuters)
The GameStop surge resulted in massive losses for Melvin, after the hedge fund bet the retailer’s stock price would tumble.(Reuters)

Lawmakers overseeing GameStop top US market participation

Bloomberg |
PUBLISHED ON FEB 18, 2021 01:01 PM IST
Disclosure forms for the House Financial Services Committee’s 54 members show that 83%, or 45 lawmakers, have some exposure to the market in mutual funds, retirement accounts, or direct ownership of individual stocks.
Robinhood Chief Executive Officer Vlad Tenev said that the brokerage halted trades to meet demands from its clearinghouse.(REUTERS)
Robinhood Chief Executive Officer Vlad Tenev said that the brokerage halted trades to meet demands from its clearinghouse.(REUTERS)

Robinhood, Citadel reject conspiracies they halted ‘meme’ trades

Bloomberg |
PUBLISHED ON FEB 18, 2021 05:54 AM IST
The virtual hearing will offer lawmakers their first chance to grill executives involved in the recent stock-market frenzy.
American flags hang outside of the New York Stock Exchange Tuesday, Feb. 16, 2021, in New York. (AP)
American flags hang outside of the New York Stock Exchange Tuesday, Feb. 16, 2021, in New York. (AP)

Brothers make billions from ex-Wall Street banker’s pharma firm

Bloomberg |
UPDATED ON FEB 17, 2021 03:02 PM IST
The Giulianis hold stakes worth about $3 billion in Royalty Pharma Plc, a New York-based firm that buys pharmaceutical royalties from academic institutions, research hospitals and drugmakers such as Pfizer Inc.
Macro funds, which trade across asset classes, were the best-performer, returning an average 41%, compared to the global average of 10%.(Shutterstock)
Macro funds, which trade across asset classes, were the best-performer, returning an average 41%, compared to the global average of 10%.(Shutterstock)

China hedge funds add $200 billion, trouncing Wall street rivals

Bloomberg |
PUBLISHED ON FEB 08, 2021 07:16 AM IST
China’s early economic recovery from the pandemic fueled rallies in stocks and commodities, lifting returns across all eight hedge fund strategies tracked by PaiPaiWang.
Jeff Bezos announced n Tuesday that he will step down as Amazon CEO.(Reuters File Photo)
Jeff Bezos announced n Tuesday that he will step down as Amazon CEO.(Reuters File Photo)

What Jeff Bezos was doing before he launched Amazon

By hindustantimes.com | Edited by Amit Chaturvedi
UPDATED ON FEB 03, 2021 07:56 AM IST
Jeff Bezos was enchanted by computer science when the IT industry was in its infancy and he studied engineering at Princeton University.
Communications on messaging boards claim hedge funds have now become active on Reddit anonymously, attempting to drive them out of GameStop bets and into silver, but only after hedge funds had taken huge positions.(Reuters)
Communications on messaging boards claim hedge funds have now become active on Reddit anonymously, attempting to drive them out of GameStop bets and into silver, but only after hedge funds had taken huge positions.(Reuters)

Wall Street's GameStop bug may have mutated; silver surges

AP | , New York
PUBLISHED ON FEB 02, 2021 02:57 PM IST
Last week, there were messages on the Reddit forum WallStreet Bets and other places on social media encouraging small investors to buy silver. The metal shot up Monday, but many of the online investors said it wasn't them bidding up the price.
Nokia has been the biggest gainer in Europe last week(Bloomberg File Photo)
Nokia has been the biggest gainer in Europe last week(Bloomberg File Photo)

As Nokia stock rallies, here's all you need to know about it

By hindustantimes.com | Edited by Amit Chaturvedi
PUBLISHED ON FEB 02, 2021 08:52 AM IST
The volatility, triggered by the so-called "Reddit rally", saw gains made by AMC Entertainment Holdings Inc and other favourites evaporate.
"I have long believed that the business model of Wall Street is flawed," Bernie Sanders said.(Reuters)
"I have long believed that the business model of Wall Street is flawed," Bernie Sanders said.(Reuters)

GameStop: US senators Sanders, Warren call for Wall Street reform

AFP |
PUBLISHED ON FEB 01, 2021 12:47 AM IST
"We need an SEC investigation," Warren told CNN, referring to the federal Securities and Exchange Commission.
Robinhood has placed restrictions on the trading in high-flying stocks like GameStop, BlackBerry, and Nokia.(AP)
Robinhood has placed restrictions on the trading in high-flying stocks like GameStop, BlackBerry, and Nokia.(AP)

Robinhood’s meteoric rise feels the pull of Wall Street physics

Bloomberg |
PUBLISHED ON JAN 30, 2021 07:43 PM IST
A drama that began with a quirky jump in GameStop Corp.’s shares this month has grown into a full-blown rebellion of retail investors against Wall Street’s status quo and left Robinhood, long their beloved brokerage, caught between customers and the cold demands of finance’s gatekeepers.
GameStop board members other than Cohen have added almost $175 million to the paper value of their holdings since early January. A group of directors offloaded shares worth about $20 million in the week Cohen joined the board.(Reuters)
GameStop board members other than Cohen have added almost $175 million to the paper value of their holdings since early January. A group of directors offloaded shares worth about $20 million in the week Cohen joined the board.(Reuters)

GameStop executives sit on $1.3 billion gain from trading frenzy

Bloomberg |
PUBLISHED ON JAN 29, 2021 10:48 PM IST
The video-game retailer’s top executives have seen the value of their holdings surge about $1.3 billion in the wake of a Reddit-fueled trading frenzy that has sent GameStop shares soaring more than 1,500% this month, according to data compiled by Bloomberg.
Robinhood’s decision to rein in the risk to itself by banning certain trades and unwinding client bets -- igniting an outcry from customers and even US political leaders -- came after the stock market’s central clearing hub demanded large sums of collateral from brokerages that for weeks had facilitated spectacular jumps in shares such as GameStop.(AP)
Robinhood’s decision to rein in the risk to itself by banning certain trades and unwinding client bets -- igniting an outcry from customers and even US political leaders -- came after the stock market’s central clearing hub demanded large sums of collateral from brokerages that for weeks had facilitated spectacular jumps in shares such as GameStop.(AP)

Day-trader favorites rally again as Robinhood eases trading ban

Bloomberg |
PUBLISHED ON JAN 29, 2021 04:27 PM IST
GameStop, the face of the retail craze that’s gripped Wall Street and drawn scrutiny from Washington, surged as much as 143% and was up 105% at $397 as of 5:36 a.m. in New York. The heavily shorted video-game retailer plunged 44% in Thursday’s US cash session for its first slump in six days.
FILE - In this March 15, 2020 file photo, Lufthansa aircraft are parked on a runway at the airport in Frankfurt, Germany. Due to the Coronavirus Lufthansa had to cancel half of its flights. More than 50,000 people have died after contracting COVID-19 in Germany, a number that has risen swiftly over recent weeks as the country has struggled to bring down infection figures. (AP Photo/Michael Probst, File)(AP)
FILE - In this March 15, 2020 file photo, Lufthansa aircraft are parked on a runway at the airport in Frankfurt, Germany. Due to the Coronavirus Lufthansa had to cancel half of its flights. More than 50,000 people have died after contracting COVID-19 in Germany, a number that has risen swiftly over recent weeks as the country has struggled to bring down infection figures. (AP Photo/Michael Probst, File)(AP)

American Airlines lost $8.9 billion in a year of pandemic

AP |
PUBLISHED ON JAN 28, 2021 07:47 PM IST
American predicted that similar revenue trends from late 2020 will carry over into the first three months of 2021.
A GameStop store in Emeryville, California, U.S., on Wednesday, Jan. 27, 2021. GameStop Corp.'s�breathtaking ascent showed no sign of slowing Wednesday, with bullish day traders keeping the upper hand over short sellers who started to capitulate. Photographer: David Paul Morris/Bloomberg(Bloomberg)
A GameStop store in Emeryville, California, U.S., on Wednesday, Jan. 27, 2021. GameStop Corp.'s�breathtaking ascent showed no sign of slowing Wednesday, with bullish day traders keeping the upper hand over short sellers who started to capitulate. Photographer: David Paul Morris/Bloomberg(Bloomberg)

What is GameStop? All you need to know about Reddit-driven stock market play

By hindustantimes.com | Written by Deepali Sharma, Hindustan Times, New Delhi
PUBLISHED ON JAN 28, 2021 12:02 PM IST
Amateur or small retail investors with their 'dumb money' are playing the real game on Reddit under a community named wallstreetbets.
A better-than-expected start to earnings reporting season also helped lift the market Wednesday.(REUTERS)
A better-than-expected start to earnings reporting season also helped lift the market Wednesday.(REUTERS)

Wall Street hits records as hopes build for more stimulus

AP |
UPDATED ON JAN 21, 2021 04:13 AM IST
The S&P 500 rose 1.4%, topping its previous all-time high set earlier this month. The Dow Jones Industrial Average, Nasdaq composite and Russell 2000 index of smaller companies also notched record highs, powered by gains in technology, communications, health care and most other sectors.
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