Market Overview - Page 344

In the second quarter of 2020, Tesla secured a net income of $104 million – marking the first four continuous quarters of profitability in the company’s history. Now, it is eligible for consideration to be placed on the S&P 500.

The Office of the Comptroller of the Currency (OCC) is letting all nationally chartered banks in the U.S. provide custody services for cryptocurrencies. In a public letter dated July 22, Senior Deputy Comptroller and Senior Counsel Jonathan Gould wrote that.

Crude oil is rising this week, but its strengthening is more related to the decline of the dollar, rather than to the growth of demand.  It is worth watching this growth with increased caution, as fundamental factors continue to form.

Economist Stephen Roach warns V-shaped recovery mania on Wall Street is leading investors astray. According to Roach, the U.S. is on a collision course with a second dramatic downturn. “The odds of a relapse, not just the virus but in.

The growing divide between China and the U.S. is expected to accelerate, disrupting long-running economic ties and forcing investors to reassess their view of global markets. Tensions escalated this week after the U.S. claimed two Chinese hackers were targeting American.

Investors are piling into haven assets such as gold, the Swiss franc and cash as U.S. stocks approach all-time highs, looking to hedge big moves in equities amid economic uncertainty and a resurgent coronavirus pandemic. Prices for gold are up.

Investors should prepare for a “downside correction” in equity markets in September or October, according to one market strategist. With major stock markets around the world posting an unprecedented recovery in recent months, many commentators have questioned the sustainability of.

The differences between European and U.K. markets are looking starker than ever. As European Union leaders forge a historic rescue deal to save the bloc’s weakest economies, Brexit talks continue to fail in making any progress. By almost every market.

Blackrock, the largest asset manager in the world, may have just inadvertently provided the best justification yet to avoid investing in the stock market. One of its quant teams thinks you should stop caring about price entirely, and that’s terrifying..

The euro stood at an 18-month high, silver soared and commodities rose on Wednesday, benefiting from hopes that key parts of the global economy are heading in the right direction which also hurt the U.S. dollar. But stock markets, which.

The dollar intensified its decline on Tuesday evening. The agreed stimulus package in the EU and the more positive environment around COVID-19 made the euro more attractive than the dollar. EURUSD strengthened by 0.8% during the day and as a.

Oil prices fell on Wednesday as industry data showed a bigger-than-expected inventory build in the United States, where climbing coronavirus cases may further dent fuel demand in the world’s biggest oil consumer. Brent crude fell 35 cents, or 0.8%, to.