Good MorningThe equities market crept up to set another new all-time high on Wednesday following reported progress on economic stimulus. The latest reports say the two sides are closing in on a deal that now includes stimulus checks for most Americans. The caveat is that this deal, while a shot in the arm for economic activity, is far less than the proposal for nearly $2 trillion in aid that helped drive the market to these new heights.
Wednesday’s trading was helped by the FOMC. The FOMC held the last policy meeting of the year and held interest rates unchanged. In addition, Fed chief Jerome Powell says the Federal Reserve Bank is prepared to keep buying U.S. securities until there is substantial progress in the data. This means U.S. investors can expect the easy-money policy that has been driving the market to stay in place for many quarters to come.
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Markets | | | World markets advanced on Wednesday after revived hopes for more aid for the U.S. economy broke a four-day losing streak on Wall Street.
Benchmarks were higher in most major markets but unchanged in Shanghai. U.S. futures also climbed higher.
Overnight, the S&P 50... Read the Full Story |
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Stocks | | | The restaurant stocks have been hard to play this year because investors have had to essentially take a leap of faith on vaccine progress and the idea that over time people will feel comfortable dining out. Read the Full Story |
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Markets | | | Japan's exports fell more than 4% from a year earlier in November, the 24th straight month of declines, despite an uptick in trade with China, according to customs data released Wednesday.
Exports of vehicles, semiconductors and other manufactured items showed the biggest drops in te... Read the Full Story |
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Politics | | | After weeks of relentless pessimism, the European Union said Wednesday there was now a clear, if narrow, path to reaching an agreement with the United Kingdom on a post-Brexit trade deal that should avoid costly chaos on the borders at the end of the year.
EU Commission President Ursu... Read the Full Story |
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Politics | | | Saudi Arabia plans to cut more than 7% in spending next year, the finance ministry said, as the region’s biggest oil producer seeks to trim a gaping budget deficit amid the coronavirus pandemic and falling oil prices.
The kingdom expects its deficit to hit $79.4 billion this year, acc... Read the Full Story |
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Politics | | | Britain's easing of restrictions for family gatherings over Christmas looks like it's still on despite a sharp spike in new coronavirus infections that's raised fears of another wave of cases and deaths in the new year.
Britain's communities secretary, Robert Jenrick, said further dis... Read the Full Story |
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Markets | | | Movie theatre technology systems developer IMAX Corporation (NYSE: IMAX) stock is still underperforming the benchmark S&P 500 index (NYSEARCA: SPY) but weathering the recent bombshell decision by Disney (NYSE: DIS) Read the Full Story |
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Stocks | | | Growth Isn’t Off The Table
Hyper-growth, that ever-elusive massive ramp-up in revenue as businesses begin to scale. It is what VCs, CEOs, and startups all dream about because it means a rapid expansion of revenue, earnings, and profits. What it means for the market is a business t... Read the Full Story |
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Markets | | | Enterprise software applications company Pegasystems Inc. (NASDAQ: PEGA) stock hasn’t slowed down despite the pandemic smashing through its pre-COVID highs to handily outperform the benchmark S&P 500 index Read the Full Story |
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Markets | | | Lithium-ion battery technology company Microvast is planning a reverse merger through a special purpose acquisition company (SPAC) called Tuscan Holdings Corporation (NASDAQ: THCB). Shares have seen a surge due to the momentum of the best performing EV battery SPAC to date QuantumScape Corpora... Read the Full Story |
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