WASHINGTON (Reuters) – The breakout of Bitcoin and meme stocks may have captured the headlines during the pandemic, but people still see buying a primary residence as a better and less nerve-racking investment than the stock market, according to a new survey by the Federal Reserve Bank of New York.FILE PHOTO: Real estate signs advertise new homes for sale in […]

(Reuters) -Energy group BP said on Tuesday it expects to have hit its $35 billion net debt target in the first quarter of this year, sooner than expected and paving the way for it to deliver on its promise of buying back shares.FILE PHOTO: BP signage is seen at a service station near Brighton, Britain, January 30, 2021. REUTERS/Toby Melville“This […]

(Reuters) – The U.S. Supreme Court on Monday brought an end to a legal fight over former President Donald Trump’s effort to block critics from following his now-frozen Twitter account, deciding the dispute was moot and throwing out a lower court’s decision that found he had violated constitutional free speech rights.FILE PHOTO: A photo illustration shows the suspended Twitter account […]

(Reuters) – U.S. money market funds saw strong demand for the second week in a row as concerns over higher U.S. bond yields and rising COVID-19 cases in Europe sent investors to safer avenues.FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. REUTERS/Lee Jae-WonThe prospect of losses for U.S. banks, […]

ARK Invest has been the talk of Wall Street over the last couple of years, outperforming the market and solidifying its place among the big players in the investments world. Cathie Wood is the founder and head of this investment house, and many have compared her rising star to the likes of Warren Buffett. With famous investors and huge brokerage […]

Stock futures held steady in overnight trading Monday after the Dow Jones Industrial Average and the S&P 500 both closed at record highs with strong economic data boosting hope for a smooth recovery. Futures on the Dow Jones Industrial Average and S&P 500 futures were little changed. Nasdaq 100 futures edged up 0.2%. Wall Street rallied to record levels on […]

Check out the companies making headlines in midday trading. Tesla – The electric vehicle company's stock price gained 5% after Tesla's delivery numbers for the first quarter topped Street expectations. The Elon Musk-led company said it delivered a total of 184,800 vehicles, while analysts were looking for 168,000 deliveries. Wedbush upgraded Tesla following the print, saying it's a "paradigm changer." […]

Wall Street has experienced volatility a number of times since March 2020. COVID-19, GameStop’s activist short squeeze, and the Suez Canal blockage all shook up worldwide commerce. Investment firm Archegos Capital Management could be the next major story. The fund’s multi-billion dollar overleveraged bets on media companies like ViacomCBS and Discovery have come crashing down, throwing Wall Street into disarray. […]

FILE PHOTO: Vials labelled “Astra Zeneca COVID-19 Coronavirus Vaccine” and a syringe are seen in front of a displayed AstraZeneca logo, in this illustration photo taken March 14, 2021. REUTERS/Dado Ruvic/Illustration/File PhotoTAIPEI (Reuters) – Taiwan’s first batch of COVID-19 vaccines via the global initiative COVAX will arrive on the island on Sunday, almost 200,000 doses of the AstraZeneca shot, Health […]