25 May

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Cathie Wood Ditched Virgin Galactic Stock Right Before It Surged By Bloomberg

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(Bloomberg) -- Cathie Wood has just missed out on a blistering rally in Virgin Galactic Holdings (NYSE:SPCE), in a rare misstep for one of Wall Street’s biggest proponents of futuristic technologies. As Virgin Galactic’s dramatic rebound gathered pace in the last three days -- culminating in a 28% surge on Monday -- her firm Ark Investment Management slashed its remaining stake to just 45 shares, according to data compiled by Bloomberg. The money manager has been gradually selling from May, after Richard Branson’s space-travel company plunged on technical issues and rising competition from rivals funded by...

25 May

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FAANG Stocks Trend Higher On Hope Of Return To Normal Times By Investing.com

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By Dhirendra Tripathi Investing – The FAANG stocks were all up between 0.5% and 1% Tuesday as the acceleration of the return to normal times drove traders to these growth stocks. Crude Crude Oil WTI Futures fell after showing signs of recovery as the U.S. and Iran entered the final phase of their nuclear talks, rekindling hopes that the Iran’s oil would enter international markets soon. Markets were also taking an extended breather after last week’s jolt that saw cryptos losing as much as half their value in a single session. The cryptos have since...

25 May

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Morgan Stanley’s Gorman Sees Fed Raising Rates Early in 2022 By Bloomberg

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(Bloomberg) -- Morgan Stanley (NYSE:MS) Chief Executive Officer James Gorman said he expects the U.S. Federal Reserve to begin tapering its bond buying toward the end of this year and start raising rates in early 2022, well ahead of market expectations. “My personal view is rates are likely to rise in the early part of next year, and not in 2023 which is currently the projection,” Gorman said at an online conference in Tokyo Tuesday. “The Federal Reserve will be driven by whatever their numbers tell them. I am just giving...

25 May

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Wall St. to test record high on Fed balm as dollar languishes By Reuters

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By Huw Jones LONDON (Reuters) - New York was set to test record highs on Tuesday, underpinned by reassurances from Federal Reserve officials that monetary stimulus will remain in place during the pandemic. The soothing words on inflation kept the dollar at four-and-a-half-month lows and triggered attempts to rein in the yuan. U.S. stock futures, the S&P 500 e-minis, were up 0.3%, pointing to a steady open on Wall Street. The S&P 500 index closed at 4,197.05 points on Monday, near its lifetime high of 4,238.04 of May 7. Ned Rumpeltin, European head of currency strategy...

25 May

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German real estate giants seek to reassure Berliners over $22 billion merger By Reuters

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By Ludwig Burger, Matthias Inverardi and Alexander Hübner FRANKFURT (Reuters) - Germany's two biggest listed landlords Vonovia and Deutsche Wohnen have agreed to join forces in a 18 billion-euro ($22 billion) deal that risks stoking tensions over affordable housing in the run-up to general elections in September. The country's biggest merger this year, which will create a European real estate giant with 550,000 apartments, faces criticism in Berlin, where tenant rights and rising rents are a contentious issue. Analysts say the transaction - the largest European real estate deal on record, Refinitiv data show, and...

25 May

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Amazon, Boeing, Shake Shack Rise Premarket; Lordstown Falls By Investing.com

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By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Tuesday, May 25th. Please refresh for updates. Amazon (NASDAQ:AMZN) stock rose 0.9% following reports the retail giant is nearing a deal to acquire MGM Studios for up to $9 billion, which would be its biggest purchase since it bought Whole Foods in 2017 for $13.7 billion. Boeing (NYSE:BA) stock rose 1.1% after SMBC Aviation placed an order for 14 additional jets of the single-aisle 737 MAX, pointing to confidence in the airplane that has struggled with safety issues. Shake...

25 May

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Spain to receive 94 million Pfizer vaccine doses from December under EU deal By Reuters

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MADRID (Reuters) - Spain will receive nearly 94 million doses of the coronavirus vaccine produced by Pfizer (NYSE:PFE) and BioNTech between December 2021 and June 2023 as part of a European Union purchase, the government spokeswoman said on Tuesday. Maria Jesus Montero said the total was equivalent to twice the target population in Spain, where around 8.1 million people have already received a full course of vaccines. ...

25 May

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Jailed Navalny says Russia has launched three new investigations against him By Reuters

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MOSCOW (Reuters) -Kremlin critic Alexei Navalny said he had been informed in prison about three new criminal investigations against him, according to a post on his Instagram account published on Tuesday. Navalny said he had learned about the cases from an investigator who visited him in custody on Monday. "I'm becoming a more hardened criminal every day," he joked in the post. "So don't think I'm only sitting in a cell, drinking tea and doing nothing." He said investigators were looking into the theft of donations from his anti-corruption foundation FBK, the founding an organization, in...

25 May

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Rabobank offers metal clients performance incentives on sustainability By Reuters

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(Reuters) - Rabobank is offering metal company clients incentives such as lower interest rates if they meet sustainability targets - and piloting penalties for the laggards, an executive from the Dutch lender said on Tuesday. Metal producers, particularly those who make energy-intensive aluminium, are facing growing demands from governments and clients to reduce emissions and source materials responsibly as the world transitions to a low-carbon economy. "We want to finance clients who invest in ...

25 May

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As interest rates hit bottom, debt does matter, says Barclays By Reuters

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By Sujata Rao LONDON (Reuters) - With global borrowing costs probably as low as they can go, high debt levels will start to matter more in coming years, a Barclays (LON:BARC) study found, highlighting Brazil as the country at greatest risk of a hit to growth and debt sustainability. Barclays' annual Equity Gilt study, released on Tuesday, contradicts the debt-doesn't-matter thesis, championed by several high-profile economists, prescribing countries should spend big to lift economies from the COVID-19 funk -- a reversal of the long-held wisdom that high indebtedness is risky. While acknowledging that the...

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News

Cathie Wood Ditched Virgin Galactic Stock Right Before It Surged By Bloomberg

FAANG Stocks Trend Higher On Hope Of Return To Normal Times By Investing.com

Morgan Stanley’s Gorman Sees Fed Raising Rates Early in 2022 By Bloomberg

Wall St. to test record high on Fed balm as dollar languishes By Reuters

German real estate giants seek to reassure Berliners over $22 billion merger By Reuters

Amazon, Boeing, Shake Shack Rise Premarket; Lordstown Falls By Investing.com

Spain to receive 94 million Pfizer vaccine doses from December under EU deal By Reuters

Jailed Navalny says Russia has launched three new investigations against him By Reuters

Rabobank offers metal clients performance incentives on sustainability By Reuters

As interest rates hit bottom, debt does matter, says Barclays By Reuters

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