GameStop CFO to step down after Reddit driven stock rally

© Reuters. FILE PHOTO: FILE PHOTO: A GameStop store is pictured in New York By Jessica DiNapoli and Subrat Patnaik NEW YORK (Reuters) – GameStop (NYSE:) Chief Financial Officer Jim Bell will step down next month, the video game retailer said on Tuesday, as it focuses on shifting into technology-driven sales in the wake of […]

Continue Reading

Petrobras shares slump as Brazil’s Bolsonaro doubles down on intervention

© Reuters. FILE PHOTO: A logo of Brazil’s state-run Petrobras oil company is seen at its headquarters in Rio de Janeiro By Sabrina Valle and Gram Slattery RIO DE JANEIRO (Reuters) – Petrobras shares plunged 22% on Monday, wiping out 71 billion reais ($ 13 billion) in market value, as Brazilian President Jair Bolsonaro again […]

Continue Reading

Four down days in a row for the S&P index. Longest losing streak this year

NASDAQ index and Dow industrial average close marginally higher. Russell index surges The S&P index closed lower for the 4th consecutive day. That is the longest losing streak for the year S&P and NASDAQ post the 1st weekly loss in the 3 weeks NASDAQ and Dow industrial average have modest gains on the day Dow’s […]

Continue Reading

Dollar Down, Economic Recovery Hopes Continue to Grow

© Reuters. By Gina Lee Investing.com – The dollar was down on Wednesday morning in Asia to near two-week lows as demand for safe-haven assets faded. Hopes for a global economic recovery from COVID-19 continue to grow alongside hopes for further, massive fiscal and monetary stimulus. The that tracks the greenback against a basket of […]

Continue Reading

Gold, Silver Down Thanks to Strong Dollar, U.S. Stimulus Moves Forward

© Reuters. By Gina Lee Investing.com – Gold was down on Thursday morning in Asia, alongside silver, as investors weighed a strong dollar and progress on further U.S. stimulus measures. were up 0.66% at $ 1,822.90 by 11:54 PM ET (4:54 AM GMT). Silver prices eased after climbing to a near eight-year peak of $ […]

Continue Reading

Major indices post 2 day winning streak. Amazon and Google beat on earnings. Bezos to step down from CEO role

S&P post the best day to day performance since November The major indices closed higher for the 2nd consecutive day with solid gains across the board ahead of earnings from Amazon and Google after the close. The final numbers are showing: S&P index +52.37 points or 1.39% at 3826.24 NASDAQ index up 209.38 points or […]

Continue Reading