Global treasury yields soften slightly

But the positive sentiment is not much reflected in Asian session today Global treasury yields softened slightly this week, helping the rebound in US and European stocks yesterday. But the positive sentiment is not much reflected in Asian session so far today. Selloff in Swiss Franc, Yen, and Euro, appears to be slowing. But they ...

Dollar firm on bets of faster economic recovery

The dollar index gained 0.2% to 91.176, reaching a three-week high The dollar was firm against its peers on Tuesday on bets of a faster economic recovery in the US and expectations that the U.S. Fed will show greater tolerance of higher bond yields than other central banks. Risk sensitive currencies dropped from sharp gains ...

Pound Sterling’s stellar run against Euro, Dollar may end

The Pound dropped amidst a broader decline in stock markets and commodity prices, confirming it to be highly sensitive to investor sentiment The British pound starts the new week lower than the level during the previous week due to an aggressive sell-off on Thursday and Friday, and one analyst says the currency has now peaked. ...

Indian stock market set to fall as bond yields rise

The BSE Sensex dropped 1,939 points to 49,099.99 and the NSE Nifty Index dropped 568 points at 14,529.15 amid massive sell-off  Following a disastrous Friday, the Indian stock markets are set for another week where rising US bond yields will remain the focus of investors. Apart from bond yields, other factors such as geopolitical tensions ...

Wynn Resorts to invest $3.5 million in Blue Wire

The studio is designed to bolster WynnBET brand awareness and produce storytelling-based content in partnership with Blue Wire Wynn Resorts Ltd. will invest $3.5 million in San Francisco-based sports podcasting platform Blue Wire, and build a studio on the casino floor to promote its WynnBET online gaming division of Wynn Resorts. ...

Asian stocks fall as bonds start to stabilize from selloff

The selloff saw Benchmark Treasury yields plunge back below 1.5% as the Asian session opened on Friday Stocks in the Asia Pacific were down Friday morning, with global bonds starting to stabilize from an aggressive selloff that led steep losses in U.S. shares. Japan’s Nikkei 225 fell 2.29% and South Korea’s KOSPI tumbled 2.67%, while ...

Rossi says Canada should invest to prepare for next pandemic

Canada’s primary vaccine efforts have been focused on procuring a range of vaccine candidates from around the world Canada should prepare for the next pandemic by investing in the necessary infrastructure to be able to produce vaccines domestically, says Canadian stem cell biologist and Moderna co-founder, Derrick Rossi. Setting up manufacturing facilities for these technologies ...

Brokerage apps luring amateurs with commission-free trading

Berkshire Hathaway’s Vice Chairman Charlie Munger blamed the brokerage apps for enabling the recent trading frenzy in stocks including GameStop Berkshire Hathaway Vice Chairman Charlie Munger issued a warning Wednesday that nothing is ever really free – at least when it comes to Robinhood and other brokerage apps that are trying to lure amateur investors ...

NSE shuts trading for 4 hours over technical glitch

The problem was noticed about an hour into trading as traders complained that the Nifty index and the Nifty Bank Index, had stopped updating Stocks surged nearly 2% on Wednesday, finishing a turbulent day that saw trading on India’s National Stock Exchange (NSE) disrupted for nearly four hours because of a technical glitch. ...

GameStop shares back from three-week rout

According to data from Bloomberg, GameStop spent nearly seven sessions trading above Wednesday’s closing price of $91.71 Shares of GameStop soared back from a three-week rout, rising four times, as high as the closing level Tuesday. Over 77 million shares were traded Wednesday, including 30 million after hours in New York. The late trading went ...

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