Wall Street Today: Bitcoin nears $50,000 after months of weakness
Stocks set to climb after U.S. rally on dip buying: Markets Wrap
Asian stocks look set to rise Monday after bargain hunters spurred a U.S. rally, with traders also weighing growth risks and awaiting the Jackson Hole symposium for clues on the Federal Reserve’s policy outlook.
Futures advanced in Japan, Australia and Hong Kong, while U.S. contracts edged higher. The S&P 500 and tech-heavy Nasdaq 100 rose at the end of last week. Beijing’s regulatory crackdown saw Chinese shares listed in the U.S. suffer their longest streak of weekly losses in a decade despite a climb on Friday.
Goldman Sachs, BofA see lost decade over for emerging markets
Elevated commodity prices and expectations for earnings growth are igniting bullish bets on emerging-market equities after more than a decade of underperformance that left them approaching a 20-year low against developed-nation stocks.
Goldman Sachs Group Inc., Bank of America Corp. and expect a boost for developing equities as investors capitalize on cheap valuations once vaccine rollouts pick up, helping the global economy to recover from the pandemic.
Apple postpones return to office until January
$Apple (AAPL.US)$is delaying back-to-work plans for its U.S. corporate offices until early next year as a rise in Covid-19 cases in the country continues to disrupt companies’ efforts to have employees back in place.
Deirdre O’Brien, Apple's human resources leader, told employees in a Thursday email that the planned return would be delayed until at least January. The Cupertino, Calif.-based company in July that they wouldn't need to return until at least October. Ms. O’Brien also urged employees to get vaccinated. Bloomberg News earlier reported her message to staff.
Full approval for Pfizer Covid vaccine could come from FDA on Monday, report says
The Food and Drug Administration is working to approve the $Pfizer (PFE.US)$- $BioNTech (BNTX.US)$Covid-19 vaccine on Monday, The New York Times reported, citing sources.
The review process could move past that date, the Times said, as paperwork and negotiations with the company continue.
The move would make it the first Covid vaccine to go from emergency use authorization to full FDA approval.
Bitcoin nears $50,000 after months of weakness
Bitcoin neared $50,000 as it continues to rebound after months of weakness
Bitcoin nears $50,000 after months of weakness
Bitcoin neared $50,000 as it continues to rebound after months of weakness
The world’s largest digital currency by market value rose to $49,821 on Saturday afternoon in New York, according to data from Coinbase. It was trading at a price of $48,876 as of 10 a.m. ET on Sunday.
Nvidia deal for Arm raises 'serious competition concerns', says UK watchdo
The UK competition watchdog has recommended an in-depth investigation into $NVIDIA (NVDA.US)$'s planned $54bn takeover of British chip designer Arm, saying there are "serious competition concerns" about the deal.
The Competition and Markets Authority (CMA) on Friday published the findings of a report to the government in which it said the deal could "stifle innovation across a number of markets".
Nvidia, the US chip maker, struck a deal with SoftBank, the Japanese investment conglomerate, to buy Arm last September for $40bn in shares and cash. The deal is now worth $54.3bn after a rise in Nvidia’s share price.
Global stock markets unnerved by fears over growth
Global stocks recorded their worst week since June as fears of a slower economic rebound and a looming reduction in US stimulus weighed heavily on sentiment.
Nvidia deal for Arm raises 'serious competition concerns', says UK watchdo
The UK competition watchdog has recommended an in-depth investigation into $NVIDIA (NVDA.US)$'s planned $54bn takeover of British chip designer Arm, saying there are "serious competition concerns" about the deal.
The Competition and Markets Authority (CMA) on Friday published the findings of a report to the government in which it said the deal could "stifle innovation across a number of markets".
Nvidia, the US chip maker, struck a deal with SoftBank, the Japanese investment conglomerate, to buy Arm last September for $40bn in shares and cash. The deal is now worth $54.3bn after a rise in Nvidia’s share price.
Global stock markets unnerved by fears over growth
Global stocks recorded their worst week since June as fears of a slower economic rebound and a looming reduction in US stimulus weighed heavily on sentiment.
The FTSE All-World index fell 1.8 per cent this week, during which China has toughened data privacy rules on its fast-growing technology sector and countries such as Australia and New Zealand have implemented sudden lockdown measures due to coronavirus concerns.
PayPal launches its cryptocurrency service in the UK
$PayPal (PYPL.US)$is launching its cryptocurrency service in the U.K.
$PayPal (PYPL.US)$is launching its cryptocurrency service in the U.K.
The U.S. online payments giant said Monday it would let British customers buy, hold and sell digital currencies, starting this week.
It marks the the first international expansion of PayPal's crypto product, which first launched in the U.S. in October last year.
Source: Bloomberg, Dow Jones, CNBC, Financial Times
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