Marko Kolanovic, who two weeks ago tempered his bullish stance on stocks because of worsening geopolitical tensions, says now is the time to move back in. A drop such as Thursday’s should be bought, according to JPMorgan Chase & Co.’s quant guru. His reasoning is that it occurred in the absence of a further deterioration […]Read More
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Wall Street stocks slumped for a second straight session Wednesday after the Federal Reserve chief highlighted the risks facing the US economy after coronavirus shutdowns. The Dow Jones Industrial Average sank 2.2 percent, or more than 500 points, to 23,247.97. The broad-based S&P 500 fell 1.8 percent to 2,820.00, while the tech-rich Nasdaq Composite Index […]Read More
By Ateesh Tankha Beyond the volumes of cash that developers were able to attract time and again in their bid to become the next unicorn, India’s ecommerce and fintech startup ecosystem employed five lakh direct and 16 lakh indirect personnel by 2019, numbers that were slated to triple by 2025. Now, this figure looks doubtful […]Read More
NEW YORK: The Dow and S&P 500 fell on Monday as U.S. firms ready to kick off a quarterly earnings season anticipated to be tough due to the coronavirus pandemic, whereas Amazon.com gains helped the Nasdaq finish increased. Stocks pared losses late within the day, with the Nasdaq registering its first three-day streak of gains […]Read More
Companies in India are scrambling to be sure that the hundreds of thousands who workers the back workplaces of Wall Street banks and tackle work outsourced by corporations from airways to insurers can maintain going as the nation mandates elevated do business from home amid a spike in coronavirus circumstances. UBS Group AG, Deutsche Bank […]Read More