Puerto Rico is likely to return to long-run economic contraction after a spurt of economic activity largely driven by coronavirus aid from Washington. Puerto Rico economists say the island’s economy is expanding and will continue that way for a period of one or two years, but some say it is not sustainable. Intelligencía Económica President
In this article .NSEI BTC.CB= MMIT-GB Emerging markets investing guru Mark Mobius said he likes Indian stocks even though Covid-19 cases in the country have surged, as “this is going to pass.” India’s stock benchmark Nifty 50 has risen around 8.1% this year as of Tuesday’s close. The index has climbed despite the country reporting
In this article COIN MSTR TSLA 9618-HK TTWO TGT LOW TJX A woman leaves Target store on March 02, 2021 in New York. Emaz | Corbis News | Getty Images Check out the companies making headlines in midday trading. Target — Shares of the retailer advanced 5% after Target’s first-quarter results beat analysts’ expectations on
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Thursday’s session are Bed Bath & Beyond Inc., GoPro Inc., and Nike Inc. After Wednesday’s closing bell, Bed Bath & Beyond BBBY, +3.24% reported quarterly earnings that fell short of analysts’ estimate. Shares fell 5.7% in after hours.
In this article PHM @LB.1 A customer wearing a protective mask loads lumber onto a cart at a Home Depot store in Pleasanton, California, on Monday, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Lumber futures fell for an eighth-straight day on Wednesday and threatened to derail a monthslong frenzy that pushed
Municipal benchmark yields continued to trade in a narrow range in the secondary Tuesday while the new-issue market came alive with two high-grade competitive loans and speculative-grade Guam pricing bonds to strong demand. U.S. Treasuries gave little direction and the market held steady to firmer in spots as a diverse set of deals got done
An investment firm founded by the son of China’s most powerful financial official has invested heavily in technology companies, including units of leading Chinese internet groups Tencent and JD.com. Liu Tianran, son of vice-premier Liu He, was listed as chair of Tianyi Ziteng Asset Management, also known as Skycus Capital, when the firm was established
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Bollinger Bands are one of the most popular trading indicators and in this video we’ll give you a tutorial on what they are and how you can use them in your trading. The bands themselves represent two volatility lines around the (typically) 20-day moving average. The two bands are placed at 2 standard deviations from
Ethereum infrastructure development platform Polygon’s MATIC token hit new all-time highs on May 18 to become the best-performing cryptocurrency on the day. MATIC hits fresh record high Cointelegraph Markets Pro and Tradingview showed MATIC/USD reaching $2.18 during trading on Tuesday in firm defiance of the broader market downtrend. After being listed on major exchange Kraken
On May 18, Bitcoin (BTC) and the overall cryptocurrency market faced another round of selling as fear, uncertainty and doubt (FUD) impacted investor sentiment after Reuters and various social media outlets reported that China would ban financial institutions and payment companies from providing services related to cryptocurrency transactions. According to these reports, China also issued
Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Bank of America said it is raising the minimum hourly wage it pays employees to $25 by the year 2025. The firm, which made the announcement Tuesday in a release, had just completed a plan last year to get to a $20 minimum wage. The
A banner for Snowflake is displayed on its IPO day at the New York Stock Exchange on September 16, 2020. It was the largest software IPO in history and was one of eight CNBC 2020 Disruptor 50 companies to go public, and more Disruptor deals are coming soon. Brendan McDermid | Reuters Check out the
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Friday’s session are DuPont, Nike Inc., and KB Home. DuPont DD, -1.62% : The chemical company late Thursday cut its second-quarter and full year profit outlook due to worse-than-expected performance of its agriculture unit. Shares fell 1.9% in extended
The United States is the country most interested in Ether (ETH), followed by Germany and Turkey, an analysis of search data has revealed. A report by Invezz.com, as reported by Finbold, showed 1,116,000 searches per month for the term ‘Ether’ emanating from the United States. Excluding searches by budding chemists, that’s the equivalent of around
A quadruplex penthouse in Midtown Manhattan that comes with seven terraces and nearly 2,000 square feet of outdoor living space has hit the market for $9.995 million, according to a new listing with Forbes Global Properties. The sprawling residence is owned by licensing executive Al Kahn and his wife, Jillian Crane. Khan, who has decades
Despite a historic shortage of homes for sale, homebuilders are actually slowing production, handcuffed by skyrocketing commodity prices and shortages of land and skilled labor. Single-family housing starts dropped more than 13% in April compared with March, the U.S. Census reported Tuesday. That’s the sharpest decrease since last April, when the pandemic shut down the
A revival of direct-pay Build America Bonds received bipartisan support Tuesday from the Democratic chairman and ranking Republican of the Senate Finance Committee. Other senators and the witnesses also advocated restoration of tax-exempt advance refundings and an expansion of private activity bonds as lawmakers explored options for financing infrastructure. Chairman Ron Wyden, D-Ore., opened the
Municipals were quietly traded with some strength outside 10 years as investors await the larger new-issue calendar that begins with a retail order period Tuesday from Connecticut and competitive loans from West Virginia and high-grade Prince George’s County, Maryland. Municipal benchmarks were little changed, with a basis point bump on Refinitiv MMD’s scale outside 2031