Market Overview - Page 152

A growing number of states — including four that are canceling pandemic unemployment programs early — are offering jobless workers up to $2,000 when they get a job. It’s the latest effort by governors to combat concerns over labor shortages,.

GameStop shares climbed after the video game retailer said it sold 5 million additional shares, raising $1.13 billion in capital to accelerate growth. The original Reddit-favorite meme stock jumped as much as 12.7% Tuesday after the company announced the completion.

Coronavirus vaccine booster shots will likely be needed in the fall, according to experts, who are urging governments to organize them now. It comes as the Delta variant of the coronavirus, first identified in India, continues to spread rapidly across.

The S&P 500 fluctuated within half a percentage point of a record on Tuesday, while the tech-heavy Nasdaq Composite climbed to an all-time high as bitcoin staged an intraday comeback. The blue-chip Dow Jones Industrial Average gained 20 points after.

Federal Reserve Chair Jerome Powell said Tuesday that he expects recent price spikes will soon subside and reduce inflation to a sustainable level. Consumer prices jumped 5% in May compared with a year earlier, the largest increase in 13 years..

Revolut Ltd. is in the early stages of a fundraising round that could value the British company at $20 billion or more, people familiar with the matter said, as investor cash pours into fintechs. The company has held preliminary talks.

Last night, the Dollar lost about 0.4%, reaching 1.1909, around which it is quietly trading on Tuesday morning. The Dollar index dropped 0.5% yesterday and has so far remained around 91.935 in anticipation of further drivers. They won’t take long.

U.S. stocks climbed on Monday as the market attempted to recover some of the losses caused by the Federal Reserve’s policy shift. The blue-chip Dow Jones Industrial Average rose 500 points, or 1.6%, rebounding from its worst week since October..

Experts at Goldman Sachs have laid down their predictions for an expected recovery in the euro zone region, highlighting when they believe the European Central Bank will lift its unprecedented stimulus measures and also suggesting that austerity measures may no.

The Biden administration slapped a slew of sanctions against Belarus on Monday amid Western fury over the forced diversion of a Ryanair flight to arrest an opposition journalist. Last month, a passenger plane flying from Greece to Lithuania was suddenly.

Volatility is back for global stock markets, triggered by uncertainty over central banks’ plans for monetary policy and rising Covid-19 cases around the world. The VIX volatility index, a real-time measure of volatility expectations over the next 30 days, inched.

The rally in stocks regained traction as speculation that the Federal Reserve will tighten policy at a gradual pace outweighed concern about the central bank’s hawkish pivot. Treasuries dropped. A relative sense of calm returned to markets, with risk assets.