Category Archives: BUSINESS

Stock market’s value under Trump has grown by $6.9 trillion to $30.6 trillion

The U.S. stock market has added nearly $6.9 trillion in market cap since President Donald Trump was elected, already close to half of what was added in all eight years of President Barack Obama‘s tenure. The market cap, based on the Russell 3000, surpassed $30 trillion for the first time last week and was at $30.6 trillion Thursday, according to

Read more

Bitcoin plunges 25 per cent amid South Korea, China fears

The market capitalisation of more than 1300 cryptocurrencies has dropped by around 30 per cent over the past 24 hours, down from $US702 billion to $US496 billion, according to Coinmarketcap. “It’s been a cryptocalypse overnight with bitcoin and other virtual currencies coming under heavy selling pressure as the regulatory scrutiny intensifies not only in China and South Korea but across

Read more

Dow Industrials Top 26000 for First Time – WSJ

The Dow Jones Industrial Average crossed 26000 for the first time Tuesday, just seven trading sessions after closing above its last 1000-point milestone. The blue-chip index gained 206 points, or 0.8%, to 26010 shortly after the opening bell. If the Dow industrials closes above 26000, the jump from 25000 would be the fastest 1000-point leap in its 120-year history. FOLLOW

Read more

Nafta Trio to Gather in Davos as Negotiations Resume in Canada – Bloomberg

The three ministers leading negotiations to revamp Nafta will get two chances for face-to-face talks this month, including one near the slopes of Davos. U.S. Trade Representative Robert Lighthizer, Mexican Economy Minister Ildefonso Guajardo and Canadian Foreign Minister Chrystia Freeland are due to attend the World Economic Forum in Switzerland, which begins on Jan. 23, the same day the sixth

Read more

China Reports Biggest-Ever Annual Trade Surplus With U.S. – WSJ

BEIJING—China reported its largest-ever annual trade surplus with the U.S. last year while its overall imbalance with the world shrank, potentially strengthening the Trump administration’s case for tougher penalties and other trade actions against Beijing. FOLLOW THE LINK FOR THE FULL REPORT – JR https://www.wsj.com/articles/china-reports-biggest-ever-annual-trade-surplus-with-u-s-1515730973

Read more

Stocks finish at record highs, S&P 500 has best start to a year since 1987

U.S. equities rose to record highs on Tuesday as investors remained optimistic about the market heading into the corporate earnings season. The S&P 500 hit a fresh all-time high, rising 0.1 percent to close at 2,751.29. The index is also enjoying its best start to a year since 1987. The S&P 500 is up 2.7 percent for the year, notching

Read more
« Older Entries