Tag: Wall Street

• Tuesday, September 10th 2024 - 08:12 UTC

  Morgan Stanley, Goldman Sachs, Citi forecast oil price falling in Q4 and 2025

  

  Investment bank Morgan Stanley has again cut its forecast price for a barrel of oil, expecting the international benchmark to average US$ 75 a barrel in the last quarter of the year. This is because analysts at Morgan Stanley see rising headwinds on the demand side, which has been their key reason for cutting their Q4 oil price forecast.

• Wednesday, December 22nd 2021 - 11:36 UTC

  Argentine peso needs devaluing, Goldman Sachs report says

  

  A macroeconomic report from Wall Street operators Goldman Sachs released Tuesday has warned that “without fiscal or monetary anchors” the country is up for strong “headwinds” in 2022 and 2023 and, therefore, “the peso needs to be devalued.”

• Saturday, October 23rd 2021 - 09:05 UTC

  Trump's Truth social media app project boosts partner's shares on Wall Street

  

  Former US President Donald Trump, who had his own Twitter account suspended even while he was still in office for posting content the platform disapproved of, has successfully launched his networking brand, with shares rising over 200% on Wall Street.

• Monday, August 30th 2021 - 07:23 UTC

  US markets at new highs, following on the Fed's chair announcement

  

  Wall Street climbed on Friday while S&P and Nasdaq reached new historic highs for the fourth time in the week following on statements from Fed chairman Jerome Powell at the Jackson Hole symposium when he anticipated a moderate, non-aggressive calendar reduction in the purchase of bonds.

• Friday, June 25th 2021 - 17:45 UTC

  Argentine shares on Wall Street plummet following MSCI downgrading

  

  Friday dawned in Wall Street with the news that MSCI had decided to demote Argentina's economy two notches, from Emerging to Stand Alone and what Buenos Aires analysts feared by Thursday evening has become true.

• Tuesday, May 4th 2021 - 08:50 UTC

  Uruguay: “Unicorn” dLocal eyes Wall Street and new Ford plant offers around 200 jobs to produce

  

  Uruguay's first “unicorn” (an emerging technology-based company worth over US $ 1 billion) local is reportedly planning to land on Wall Street, according to Bloomberg.

• Wednesday, November 25th 2020 - 09:04 UTC

  Markets reach new records in Wall Street on Covid-19 vaccines optimism

  

  The Dow Jones Industrial Average breached the 30,000-mark for the first time on Tuesday, as optimism that COVID-19 vaccines will open the way to economic recovery next year fueled Wall Street’s rebound from a pandemic-driven crash this year.

• Tuesday, August 11th 2020 - 08:17 UTC

  Chinese and foreign companies will be delisted from Wall Street if they don't comply with US accounting standards

  

  US Treasury Secretary Steven Mnuchin on Monday said companies from China and other countries that do not comply with accounting standards will be delisted from US stock exchanges as of the end of 2021.

• Saturday, July 11th 2020 - 08:26 UTC

  Wall Street stocks jump on Friday after a bull's week, encouraged by reports of a Covid-19 vaccine

  

  Wall Street stocks jumped on Friday with the Nasdaq racing to yet another record as progress on a coronavirus vaccine offset worries about spiking US case levels. The tech-rich Nasdaq Composite Index finished at 10,617.44, up 0.7%, notching its sixth record close in seven sessions.

• Saturday, July 11th 2020 - 08:22 UTC

  Wall Street will be looking into asset manager BlackRock earnings next week

  

  Investors will watch next week's earnings from BlackRock, the world's largest asset manager, for a snapshot of how the industry performed during the second quarter's dramatic rebound in global financial markets.