Robinhood to continue trading limits on Monday, customers can still only buy one GameStop share
by The millennial-favored stock trading app has cut down its list of restricted stocks from as many as 50 on Friday to eight starting Monday.
Month: January 2021
Dow futures drop 270 points, building on losses after worst week since October
U.S. stock index futures declined in overnight trading on Sunday.
China oil futures hit record levels
Beijing eyes Rmb-denominated markets that seek to challenge dollar’s dominance
Chevron and Exxon discussed merger last year after Covid pandemic devastated oil prices, reports say
The CEOs of Chevron and ExxonMobil last year discussed the possibility of merging the two companies, The Wall Street Journal reported Sunday.
Three reasons why a ‘perfect storm’ of speculative investors is hitting the market
PNC Financial’s Amanda Agati sees stimulus checks among the reasons for the market’s giant short squeezes.
Venezuela’s PDVSA seeks to export oil offloaded from floating facility -sources
Venezuela’s state-run oil company PDVSA has begun marketing about 570,000 barrels of Corocoro medium crude recently offloaded from a floating
Iran’s oil exports rising in Jan. despite sanctions: trackers
Iranian oil exports are climbing in January after a boost in the fourth quarter despite U.S. sanctions, Reuters reported based
U.S. oil output rises above 11 million bpd in Nov for first time since April: EIA
U.S. oil output rose 692,000 barrels per day (bpd) in November last year to 11.124 million bpd, the first time
PE funds eye Zydus Cadila’s animal health business
The proposed deal is expected to value Zydus Animal Health and Investments (Zydus AHL) at Rs 2,500 crore, or about $350 million, they said. Non-binding …
Former SBI chairman Rajnish Kumar joins Baring as adviser
Rajnish Kumar, who comes with a rich experience of 40 years, is expected to advise the Baring team on scouting portfolio investments and likely opportunities, …
How will debt market likely to react to Budget
The Reserve Bank of India (RBI) is supposed to maintain consumer inflation at 4%, with a 200 basis points tolerance either side. The mandate expires …
New rules can help to reboot the UK stock market
Policymakers must also foster a pro-business climate to attract new flotations
Gold price fall offers a good entry point via sovereign bonds
The outlook for gold is bright despite the vaccination drive. Due to the sharp economic downturn, central governments across the world have been continuously pumping …
Fed’s Powell just talked up a classic Buffett market bogeyman: Inflation
The market was obsessed with new risks posed by Gamestop shorts, Robinhood and Reddit, but Fed chair Powell was talking up a classic stock crasher: …
Hedge fund Melvin sustains 53% loss after Reddit onslaught
Firm hit with $4.5bn fall in assets after soured bets against the likes of GameStop
Melvin Capital, which bet against GameStop, lost more than 50% in January, report says
Hedge fund Melvin Capital Management lost 53% in January amid a record rally in GameStop, according to The Wall Street Journal.