Tag: stock market

Bitcoin traded to an all-time high above $8,099 intraday, according to digital currency site CoinDesk.com, before paring its gain in early Monday trading. It was back near $8,039.61, still up over $9, or 0.1% on the day. The cryptocurrency ended last week with a 17% gain, extending a rebound from its four-day plunge logged earlier this month. It traded briefly below $6,000 as recently as November 12, retreating on the suspension of a software upgrade known as Segwit2X due to opposition by other developers. The technology change would have approximately doubled the processing capacity of the underlying network. Analysts have credited the latest rebound in part to enthusiasm from institutional investors, including the announcement of plans for CME bitcoin futures. At the consumer level, Square last week started testing bitcoin payments on its Cash app. So far in 2017, bitcoin is up more than 700%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

German President Frank-Walter Steinmeier was scheduled to make a statement on Monday following a collapse in talks by Chancellor Angela Merkel’s party to form a coalition government, according to local reports. Steinmeier was slated to speak at 2:30 p.m. local time, or 9:30 a.m. Eastern Time. Merkel was to consult with Steinmeier on Monday, Bloomberg reported, about how to move forward after the pro-business Free Democratic Party ended discussions over the weekend about forming a so-called “Jamaica” governing coalition of parties.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Former tennis star Jana Novotna died on Sunday at age 49 after a long battle with cancer, the Women’s Tennis Association said Monday on its website. Novotna was famous in part for winning Wimbledon in 1998, after losing in the U.K. tournament’s final in 1993 and 1997. “Jana died peacefully, surrounded by her family in her native Czech Republic,” the WTA added.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

German stock futures pointed to a 0.6% loss at the start of trading on Monday for the DAX 30 index after coalition talks broke down over the weekend. On Sunday, the pro-business Free Democrats halted talks with Chancellor Angela Merkel’s conservative Christian Democratic Union and the center-left Greens. Germany is now in the hands of a caretaker government and Merkel is without a majority in parliament. “This casts a huge shadow of uncertainty over all Europe. Decisions on everything from Brexit to sanctions on Russia will be more difficult and harder to predict,” said Marshall Gittler, chief strategist at ACLS Global, in a note to clients. The news rattled the euro, which fell sharply against the dollar , yen and British pound .

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Special counsel Robert Mueller’s investigation into Russian election-meddling has requested a wide range of documents from the Justice Department, ABC News reported late Sunday, including emails related to the firing of then-FBI Director James Comey and Attorney General Jeff Sessions’ decision to recuse himself from the Russia probe. The records requests were issued within the past month, sources told ABC News, and suggest Mueller is looking into whether President Donald Trump or any members of his administration tried to improperly influence the investigation.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Emmy-winning actor Jeffrey Tambor is leaving the Amazon series “Transparent” amid allegations of sexual harassment, Deadline reported on Sunday. “What has become clear over the past weeks, however, is that this is no longer the job I signed up for four years ago,” Tambor told Deadline. “I’ve already made clear my deep regret if any action of mine was ever misinterpreted by anyone as being aggressive, but the idea that I would deliberately harass anyone is simply and utterly untrue,” Tambor said. “Given the politicized atmosphere that seems to have afflicted our set, I don’t see how I can return to Transparent.” Tambor has been accused of predatory behavior by an actress and an assistant on the show. The future of the show, which streams on Amazon.com Inc.’s Amazon Prime, is uncertain, although its writers had already begun to explore a fifth season without Tambor, according to reports. It was unclear if the planned fifth season of Netflix Inc.’s “Arrested Development,” on which Tambor also co-stars, will continue.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

Malcolm Young, co-founder of the legendary Australian rock group AC/DC, died Saturday at the age of 64. Young had been battling dementia for the past three years and died peacefully with family nearby, according to a statement released on Facebook. Young formed AC/DC with his brother Angus in 1973 and was the writer and driving force behind many of the band’s best-known songs, including “Highway to Hell,” “Back in Black” and “You Shook Me All Night Long.”

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

President Donald Trump has added five names to the list of people he would consider nominating to the Supreme Court, the White House said Friday. They are Amy Barrett, a judge of the U.S. Court of Appeals for the Seventh Circuit; Britt Grant, a justice of the Georgia Supreme Court; Brett Kavanaugh, a judge on the U.S. Court of Appeals for the District of Columbia Circuit; Kevin Newsom, a judge of the U.S. Court of Appeals for the Eleventh Circuit; and Patrick Wyrick, a justice of the Oklahoma Supreme Court. They join 20 other individuals on Trump’s list.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

PepsiCo Inc. said late Friday its board of directors declared a quarterly dividend of 80.5 cents a share, a 7% increase compared with the comparable year-earlier period. The move is consistent with PepsiCo’s previously announced increase in its annualized dividend to $3.22 a share, from $3.01 a share, which began with the June payment, the company said. The dividend is payable on Jan. 8 to shareholders of record on Dec. 1. Shares were flat in after-hours trading after ending the regular session down 0.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News

U.S. stocks finished modestly lower Friday, with the S&P 500 and Dow industrials marking a second week of declines as investors weighed prospects for corporate tax cuts and assessed another round of corporate earnings. Preliminary figures showed the S&P 500 ended 0.3% lower, while the Dow declined around 100 points, or 0.4%. The Nasdaq Composite Index , which closed at a record on Thursday, shed 0.2%. For the week, the S&P posted a weekly loss of 0.1%, while the Dow declined 0.3%. The Nasdaq, however, saw a 0.5% weekly rise.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News