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Oil stocks seem to have been one of the first casualties of the new COVID variant. Investors shunned the world’s largest oil producers on Friday after news the World Health Organization had...
Omicron variant pressures global markets; seen as the most heavily mutated yet S&P 500 suffers worst post-Thanksgiving selloff on record Oil plunges more than 12%, drops below $70 Fears of the...
Stocks on Wall Street sold off on Friday, during the shortened, post-Thanksgiving session. The benchmark S&P 500 index suffered one of its biggest losses of the year as fears over a new...
US equity markets are likely to remain volatile during the coming week as investors continue to focus on Omicron, the new coronavirus variant which seems to be spreading quickly, forcing many...
As online shopping increases ahead of the busy holiday season, cybersecurity is in the spotlight. And warnings are being issued advising consumers to pay attention to cyber attacks. For instance,...
Despite emerging as a pandemic-era winner, Zoom Video (NASDAQ:ZM) is finding few buyers these days. Investors are showing no love to the video-conferencing giant on concern that its best growth days...
Dow-30 member 3M is up more than 2.5% in 2021, but down about 7.9% in the past three months. MMM has come under pressure due to supply-chain issues and inflationary worries. Despite further potential...
Investors in asset management group BlackRock (NYSE:BLK) have seen robust gains so far in 2021. BLK stock, which recently traded around $926.80, is up almost 30% year-to-date. Shares hit a record high...
U.S. President Joseph Biden renominated Federal Reserve Chair Jerome Powell to lead the central bank for a second term earlier this week. Lael Brainard, the other top candidate for the job, was picked...
So far, 2021 has brought record highs to the three most-followed US indices—the Dow Jones, the S&P 500 and the NASDAQ Composite. They are up more than 21%, 24% and 26%, respectively.However,...
The US payment behemoth Visa (NYSE:V) has been on a slippery slope since this summer. Its stock, after hitting a record high in the mid-July, has fallen more than 21%, missing out in a powerful rally...
Bitcoin is on course for its worst back-to-back weekly selloff since it topped out in mid May from then record high levels. The largest cryptocurrency by market cap is currently trading above the...
On the surface, it sounds repetitive to say that every company in the cannabis industry is awaiting federal legislation in the US that will legalize marijuana. But that's the only show in town when it...
A number of health-care and biotech shares have recently been in the spotlight. In early October, Merck (NYSE:MRK)—covered in early November—gave a positive update on molnupiravir, a...
It lasted a month but gold in $1,800 territory now looks increasingly vulnerable, with bears appearing set to attack the base support for the perch.It’s a dramatic reversal of sentiment by...
The decision by US President Joseph Biden to nominate Jerome Powell for a second term as chair of the Federal Reserve—when it finally came on Monday—was widely expected. But there was...
For some retirees, technology is a no-go area due to the sector’s volatile nature and its inability to provide cash flows in the form of dividends.But the COVID-19 pandemic has proved that...