With hopes for a new fiscal stimulus reigniting a squeeze of short positions, the S&P 500 continues to experience a rally of its own. This increase sees the stock index edge ever closer to attaining new record highs. $10 billion worth of short stocks were sold last week, which...
After what was a tumultuous week of trading due to the GameStop short squeeze, U.S. stock indexes made a steady recovery on Tuesday morning. The Dow Jones rose by more than 350 points (approximately 1.2%), while the Nasdaq and S&P 500 indexes added 1% each.
After silver prices skyrocketed to...
Small investors that hail from India have recently taken advantage of the frenzy surrounding GameStop and its shares. They've jumped on the opportunity, which is why GameStop is the most commonly traded stock in certain Indian brokerages.
Ever since January 12th, GameStop shares have gone up a whopping 1,700%. This...
While already the most shorted stock on the market, American Airlines Group Inc skyrocketed yet again after being mentioned on the Wall Street Bets forum on Reddit. This comes after GameStop Corp. stocks surged due to being the focal point of debate on the exact same forum.
American Airlines's rapid...
Stock futures opened at a low on Thursday morning, following an underwhelming close on Wednesday evening after a selloff during the regular session. This comes after each of the three major U.S. indexes dropped by their largest margins in the last three months.
This poor performance occurred in light of...
Investment management company Blackstone Group Inc. has agreed to the purchase of a life insurance business from Allstate Corp. for a sum of $2.8 billion. This deal is part of Blackstone's plan to expand its market share in the insurance industry.
This deal comes as Allstate continues pursuing its goal...
GameStop shares rallied by a colossal 92% at the time of Tuesday's close, resulting in a record price tag of $147.98 per share. The gaming merchandise retail chain now has a market cap of over $10 billion.
The beginning of this surge could be traced back to last week's clash...
Automotive technology firm Veoneer confirmed in a statement on Thursday that it had reached a collaboration deal with wireless technology giant Qualcomm. This agreement has been in the works since the companies entered into discussions in August of 2020.
Veoneer CEO Jan Carlson expressed his satisfaction over the new deal,...
AstraZeneca and Moderna are among the array of healthcare providers whose coronavirus vaccines are expected to be approved by the World Health Organization in the coming weeks, Reuters revealed in a recent report.
Moderna's vaccine, which is already in use in the United States and certain overseas countries, is expected...
The value of gold has embarked on a steady rise as of late as investors focus their sights on the timeline for a U.S. stimulus package and its impending effect on the value of the dollar. This cautious outlook on markets has aided gold in its recovery from a...