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wall street

Stock markets mixed after Wall Street slides

5 mins read

The FINANCIAL — Global stock markets were mixed Monday after the fact that Wall Street turned in its biggest weekly decline in more than two months. London and Frankfurt opened higher. U.S. futures were lower. Benchmarks in Shanghai, Tokyo and Hong Kong retreated while Seoul and Sydney gained. Southeast Asian markets were mixed. On Wall Street, the benchmark S&P 500 index lost 0.8% on Friday, breaking a streak of gains. Investors have been encouraged by hopes for a coronavirus vaccine and central bank infusions of cash into struggling economies. But forecasters warn the rise in prices might be outrunning uncertain economic…

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Stock markets mixed after Wall Street slides

5 mins read

The FINANCIAL — Global stock markets were mixed Monday after the fact that Wall Street turned in its biggest weekly decline in more than two months. London and Frankfurt opened higher. U.S. futures were lower. Benchmarks in Shanghai, Tokyo and Hong Kong retreated while Seoul and Sydney gained. Southeast Asian markets were mixed. On Wall Street,…

Tesla soared around 50% after company announced its 5 for 1 stock split

5 mins read

The FINANCIAL — Tesla announced on August 11, 2020 that the Board of Directors has approved and already declared a five-for-one split of Tesla’s common stock in the form of a stock dividend. The goal of this action is to make stock ownership more accessible to employees and investors. Tesla Inc.’s market cap now stands at $382.04…

China cancels 3 Wall Street Journal’s reporters’ credentials

4 mins read

The FINANCIAL — China said it would revoke the press credentials of three Wall Street Journal reporters working in mainland China, after the newspaper declined to apologize for a column with a headline calling China the “real sick man of Asia.” China revoked the press credentials of three Wall Street Journal reporters based in Beijing,…

Michael Bloomberg released Wall Street reform plan

4 mins read

The FINANCIAL — Michael R. Bloomberg released a tougher-than-expected Wall Street reform plan. Bloomberg, who has deep ties to Wall Street and made a fortune selling technology to banks, wants to fortify the Volcker Rule. Bloomberg has spent $338.7 million on advertising. Michael R. Bloomberg on Tuesday offered his proposals for regulating Wall Street, where…