After a rollicking ride, stocks reversed losses at close on Friday.
There are rumblings that Amazon is set to launch a delivery service as reported by the Wall Street Journal and subsequent tremors saw FedEX and UPS shares buckle.
Two economists at the New York Federal Reserve Money and Payment Studies discuss bitcoin and other cryptocurrencies capability to solve a problem of making payments in trustless environments; however, they argue it’s not clear it’s a problem that needs to be solved.
Sterling is heading for its biggest loss since October after Michel Barnier, the EU’s chief negotiator, warned that a Brexit transition period was not on the cards if a number of disagreements persisted.
Sell-off in the stock market resumed on Thursday with volatility settling in, as the Dow fell sharply lower down over 1,000 points
Mindful of the wild swings of recent days, stocks continued to be restive on Wednesday, although a measure of stability returned as the Dow and S&P added gains.
Tuesday was a mixed bag for the Street as the S&P 500 index swung between losses and gains before regaining equilibrium with a late afternoon rally.
Media hype around Tuesday’s maiden flight for Falcon Heavy Rocket launch may be stratospheric but ahead of Tesla’s earnings report investors remain focused on a Tesla Model 3 rolling off a production line.
German factory orders recorded an upswing in December 2017, adjusted for seasonal swings and inflation, orders jumped 3.8% the Economy Ministry in Berlin said on Tuesday.
The latest figures from the British Retail Consortium show growth in retail post-holiday season was sluggish at best. In January, UK retail sales crept up 0.6% from the same period last year but food sales bucked the trend.
The Dow plunged over 1,100 points at close on Monday as the US stock market remained unsettled following last week’s rout.
Thursday's lull in trading came after record highs yesterday. Pull backs in utilities, financials and healthcare outweighed gains in technology and consumer discretionary.
Another day, seemingly another milestone as the Dow Jones index pushes pass the 26,000 mark at finish on Wednesday powered by gains in technology, healthcare and consumer staples.
Publishing company, Pearson issued its trading update on Wednesday revealing full year results at the upper end of guidance but warns that it expects revenues to be flat in US higher education textbook business.
Global business events company, UBM was up in early trading on Wednesday after the announcement of a £3.8bn offer from rival Informa.