Trends - stocks - Business Recorder

stocks

Asia’s gasoline falls to six-week lows

SINGAPORE: Asia’s gasoline crack slipped for a fourth consecutive session to a more than six-week low on Thursday,...

Published 14 Feb, 2021 03:49am

Markets

China markets closed

SHANGHAI: Stocks, financial and commodity markets of China are closed from Thursday through Feb. 17 for the Lunar ...

Published 12 Feb, 2021 04:54am

Markets

FTSE 100 flat

LONDON: London’s export-heavy FTSE 100 index traded flat on Tuesday as gains in mining and energy stocks countered...

Published 10 Feb, 2021 04:12am

Technology

Just after GameStop frenzy, Reddit raises over $250mn in funding

“We have raised more than $250 million in Series E funding from existing and new investors. We decided that now was the right opportunity to make strategic investments in Reddit including video, advertising, consumer products, and expanding into international markets,” the company announced in a blog post.

Published 09 Feb, 2021 12:16pm

Markets

Wall Street week ahead: GameStop frenzy reveals potential for broader market stress

NEW YORK: As the trading frenzy in GameStop Corp shares and other social media favourites recedes, investors are...

Published 08 Feb, 2021 03:46am

Markets

Wall Street ‘predators’ make allies of political foes

NEW YORK: Recent stock market mayhem has done what appeals to rise above self-interest could not — gotten US...

Published 08 Feb, 2021 03:46am

Business & Finance

BlackBerry execs sold shares as Reddit-driven rally started

The executives sold their holdings on Jan. 20 at prices ranging from $12.63 to $13.01, nearly double what the stock had been trading at a week earlier.
BlackBerry shares climbed as high as $28.77 in New York on Wednesday and ended trading on Thursday at $14.65.

Published 29 Jan, 2021 07:31pm

Markets

FTSE 100 flat as lockdowns weigh on mining

LONDON: Britain’s FTSE 100 was adrift on Wednesday, weighed down by mining shares as a surge in virus cases and...

Published 28 Jan, 2021 04:40am

Markets

US MIDDAY: Wheat down, corn pares gains

CHICAGO: US wheat futures fell about 1% on Wednesday in a profit-taking setback as the dollar firmed and Wall Street...

Published 28 Jan, 2021 04:40am

Business & Finance

GameStop’s Meteoric Rise, Explained

GameStop’s stocks skyrocketed by 160% in a matter of hours on Monday to an all-time high of $159, giving birth to the ‘Meme Stock’ bubble in the stock market.

Published 27 Jan, 2021 06:54pm

Markets

Exchange operator Nasdaq beats profit estimates on trading strength

The company posted an adjusted net income of $1.60 per share for the fourth quarter ended Dec. 31.
Revenue from Nasdaq's market services unit, its biggest business, jumped 29% to $291 million from a year earlier.

Updated 27 Jan, 2021 11:22pm

Markets

Travel stocks pull FTSE 100 lower

LONDON: London’s FTSE 100 fell on Monday, with travel stocks leading the declines, as rising coronavirus ...

Published 26 Jan, 2021 05:05am

Markets

Nikkei surges

TOKYO: Japanese shares closed higher on Tuesday after declining for two consecutive sessions, as investors scooped ...

Published 20 Jan, 2021 04:29am

Markets

China stocks retreat

SHANGHAI: China shares fell on Tuesday as a resurgence of COVID-19 cases hit market sentiment, with consumer...

Published 20 Jan, 2021 04:29am

Markets

US markets closed

NEW YORK: Stocks, financial and commodity markets in US were closed on Monday for Martin Luther King Day holiday....