Tesla’s Stock Slide in Premarket on First Day of Trading on the S&P 500 Index
Shares of Tesla dropped 6.4% in premarket trading on Monday after being added to the S&P 500 Index. The slip follows Friday gains of about 5% when tens of millions…
New COVID-19 Strain Reverses Stocks, Sterling Gains and Threatens More Volatility
European stocks and the pound traded 2% lower on Monday amid growing market volatility over a new coronavirus strain in Britain, reports Reuters. The new strain, up to 70% more…
Congress Agrees on $900 Billion Relief Plan
U.S. Congressional leaders reached a deal on Sunday worth about $900 billion to bolster the U.S. economy devastated by the coronavirus pandemic, reports Bloomberg. The House of Representatives and the…
Here is What Investors Anticipate ahead of Tesla’s Inclusion into S&P 500
Electric vehicle maker Tesla is expected to enter the S&P on Monday in what will be the largest rebalancing in the history of the index, reports CNBC. Investors are now…
EU Agrees ‘In Principle’ to an Investment Deal with China
German Chancellor Angela Merkel and French Emmanuel Macron have reportedly approved an EU’s investment deal with China, according to SCMP. Germany, currently holding the EU Council's presidency, announced that the…
Partial Shutdown of U.S. Government Possible, Says GOP Senator
Senate Republican, John Thune, said the U.S. government is at risk of a partial shutdown over the weekend, reports Bloomberg. Thune believes some senators will object extending short-term funding as…
Roku Surges 7.4% on Deal Agreement with AT&T to Carry HBO Max
Roku shares jumped as much as 7.4% to $349.98 in premarket trading on Thursday, after agreeing to carry AT&T Inc.’s HBO Max. The deal allows AT&T to potentially reach millions…
Texas and Nine U.S. States Sue Google for Working with Facebook to Break Antitrust Law
Texas led other nine U.S. states to sue Google on Wednesday for cooperation with Facebook to maintain dominance in the online advertising, Reuters reports. The states asked Google to compensate…
Novartis to Acquire Cadent for up to $770 Million
Novartis has agreed to acquire U.S. based neuroscience company Cadent for up to $770 million, according to press release. Cadent will receive $210 million upfront payment and will be eligible…
Fed’s Benchmark Rate Unchanged at 0.25, Keep Accommodative Monetary Policy
The Federal Reserve kept the target range for the federal funds rate at 0-0.25 until economic conditions stabilize, according to Bloomberg. Fed will also continue bond buys until ‘substantial‘ progress…
U.S. Liquefied Natural Gas Exports Reached a Record 9.4 Bcf/d in November
U.S. Liquefied Natural Gas (LNG) exports hit a peak of 93% capacity utilization in November, according to the Energy Information Administration (EIA) press release. The peak saw LNG exports reach…
U.S. Retail Sales Wanes Further on Rising Virus, Lack of Additional Fiscal Stimulus
U.S retail sales fell 1.1% in November, a second consecutive month, dimming hopes of economic recovery from the pandemic recession, according to CNBC. Retail sales were weighed down by restrictions…
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