by Takeesha Wade | Nov 26, 2020 | News
CHAPEL HILL, N.C. — You learn nothing from the initial reports on how retailers fared on Black Friday and Cyber Monday. Maybe even less than nothing. This would be useful advice in any year, but it is especially so this year, given how the COVID-19 pandemic has...
by Takeesha Wade | Nov 26, 2020 | News
Stocks in London fell on Wednesday, keeping in step with losses for global markets, with major oil companies and bank stocks leading the way lower. Investors were also absorbing new spending plans by U.K. Chancellor Rishi Sunak to help the country tackle economic...
by Takeesha Wade | Nov 26, 2020 | News
Smidcap stocks are on fire. The Russell 2000 RUT, -0.45% is up over 19% this month compared to 10% for the S&P 500 index SPX, -0.15%. Will it continue? This group has been beaten and battered for so long that many people simply doubt the move. But this is a big...
by Takeesha Wade | Nov 26, 2020 | News
The U.S. dollar did it again — falling to a multi-month low versus the euro on Wednesday, pushing a closely followed gauge of the U.S. currency’s strength against major rivals back toward its 2020 low and reinforcing one analyst’s reminder not to sleep on the...
by Takeesha Wade | Nov 26, 2020 | News
Goldman Sachs is being forced to open a new stock-trading hub in Paris, due to uncertainty surrounding Brexit and London’s future as a European center for the trading of equities. The investment-banking giant announced on Tuesday that it would open the new hub before...
by Takeesha Wade | Nov 26, 2020 | News
Being too bearish in this pandemic-stricken U.S. stock market can be costly. That is apparently the lesson that Jeremy Grantham, co-founder and chief investment strategist at Boston-based money manager Grantham, Mayo, Van Otterloo & Co., learned this year as his...
