Asian stocks fall following a drop in tech stocks on Wall Street

US futures rose, while oil prices recovered more than $1 per barrel.

Japan updated its GDP figures higher to indicate the economy declined less than previously recorded in July-September, indicating the country survived the latest major COVID wave with less damage than previously assume...

Rivian raises $11.9 Billion in its Wall Street debut

An American automaker, Rivian which specializes in making electric pickup trucks, vans and sport utility vehicles has announced that now it will be raising $11.9 billion in its Wall Street debut.

Highlights

• Rivian is set to deliver 100,000 vans to Amaz...

TOKYO STOCKS OPEN HIGH ON OVERNIGHT GAINS ON WALL STREET

Highlights –

• Tokyo stocks open high on overnight gains on Wall Street.
• The 225-issue Nikkei Stock Average rose 124.69 points, or 0.44 percent.
• The broader Topix index of all First Section issues on the TSE was up 4.59 points, or 0.24 ...

EMPLOYEES OF JP MORGAN LOOK FORWARD TO CRYPTO ASSETS BEING A PART OF THE BANK’S PORTFOLIO

Highlights:

• The cryptocurrency domain, especially Bitcoin is increasingly becoming sought after
• JP Morgan employees look forward to the inclusion of bitcoin as an asset  

When Tesla declared that the company has invested $1.5 billion in bitcoin,...

36 MEMBERS OF US CONGRESS ASK FOR REVIEW OF ACQUITTAL IN DANIEL PEARL’S MURDER CASE

Highlights

• 36 US Congress members urged the nation to undertake a complete review of acquittal of Ahmed Omar Saeed Shaikh in the case of 2002 killing of the Wall Street Journal journalist Daniel Pearl

• In the month of January, Pakistan’s Supreme Court had or...

US STOCKS SURGE OVER REPORTS OF STRONG EARNING AND HIRING DATA

Highlights

• Wall Street stocks were primarily boosted by the results announced by Alphabet and e-commerce giant Amazon as both the companies continued making profits despite the COVID-19 pandemic

• According to the data released by payroll firm ADP, the United State...

RALLY PRECEDING THE US CAPITOL RIOT WAS FUNDED BY TOP TRUMP DONOR: REPORT

Highlights

• The violent storming of the US Capitol on January 6 by Trump supporters was funded by an heiress to the Publix Super Markets chain which donated nearly $300,000 said the Wall Street Journal

• The Journal said Alex Jones himself pledged over $50,000 in se...

BITCOIN CROSSES $23,000 FOR THE FIRST TIME IN HISTORY

Highlights

• According to a composite of prices compiled by Bloomberg, the digital currency went up by over 9 percent on Thursday and touched a record-high of $23,256.92

• The largest digital currency in the world has managed to surge record 220 percent in the year 2...

U.S. STOCKS SURGE ON REVIVED STIMULUS HOPES

Highlights

• As soon as the markets started, the Dow Jones Industrial Average surged 0.4 percent at 30,076.22, while the broad-based S&P 500 also went up by 0.4 percent to 3,680.75

• The tech-heavy Nasdaq Composite was trading 0.2 percent upwards at 12,397.95

TOKYO STOCK OPENED UP ON WEDNESDAY MORNING OVER DOW CLOSING UP

Highlights –

• Tokyo stocks opened up on Wednesday morning over Dow closing up.
• The 225-issue Nikkei Stock Average was up at 416.39 points.
• The Topix index of all First Section issues on the TSE was up at 20.32 points.
• Stock ...

COVID-19 IMPACT: U.S. STOCKS TRADING LOWER THAN EXPECTED

Highlights

• At the opening bell, the Dow Jones Industrial Average index was trading 125.41 points or 0.43 percent lower at 29,313.01, while the S&P 500 index was 13.88 points or 0.39 percent down at 3,553.91

• According to the US Labor Department, initial claims...

TECH STOCKS EXTEND RALLY DESPITE UNCERTAINTY OVER ELECTION RESULTS

Highlights

• The Dow Jones Industrial Average index is currently trading 486.65 points, or 1.75 percent upwards at 28,334.31, while the tech-heavy Nasdaq Composite is 262.49 points, or 2.26 percent up at 11,854.05

• According to the market analysts, regardless of the...

U.S. STOCKS POSITIVE, DOW UP BY 550 POINTS

Highlights

• At 10:18 a.m. Eastern Time, the S&P 500 was trading 2.8 percent upwards, while the Dow Jones Industrial Average was trading up 569 points or 2.1 percent at 28,062 and the tech-laden Nasdaq Composite surged 3.7 percent

• Though it is unclear who will ...

U.S. STOCKS JUMP AS INVESTORS HOPEFUL FOR RECOVERY

Highlights

• The S&P 500 saw weekly slump of 5.6 percent, which was its worst since the month of March, and brought down the index’s  drop to 2.8 percent for October

• Shares of Dow Inc. (DOW) and Honeywell (HON) were in the list of stocks that perform...

U.S. PRESIDENTIAL ELECTIONS LIKELY TO HURT ADVERTISEMENT SALES: TWITTER

Highlights

• On the basis of a statement by Twitter which said that the amount of expenses in the fourth quarter could go up, its shares went down by 16 percent

• Twitter also warned about difficulty to predict how advertisers would react as the election-day is just ...

1MDB SCANDAL: GOLDMAN SACHS WILL PAY OVER $2 BILLION TO SETTLE U.S. CHARGES

Highlights

• According to the reports, Goldman Sachs Group Inc will agree to pay over $2 billion this week to settle U.S. charges over its role in Malaysia’s 1MDB corruption scandal

• Under the agreement with the U.S. Department of Justice and other regulators,...

iPhone 12 LAUNCH: APPLE LOST NEARLY $81 BILLION IN MARKET VALUE AS SHARES SLUMPED 4%

Highlights

• The new iPhone 12 arrives with a 6.1-inch display and has flat sides with a flush display

• Apple said that all iPhone 12 models in the U.S. will support millimeter wave 5G and also the lower-frequency bands

• Immediately after the launch,...

U.S. ECONOMY GAINED 661,000 JOBS IN SEPTEMBER, UNEMPLOYMENT RATE SLUMPS TO 7.9%

Highlights

• The impact of this sluggish rise in employment and the US President Donald Trump testing COVID positive was immediately visible on the stock markets

• According to the Bureau of Labor Statistics, private-sector hiring was slightly better with addition of...

INVESTORS WITHDRAW $25.8 BILLION FROM U.S. EQUITY FUNDS: BofA REPORT

Highlights

• Citing data for the week to September 23 from EPFR, a financial flow tracking firm, BofA analysts said that the money was pulled out of sectors which have been the main beneficiaries of the rebound in the wake of the COVID-19 March crash

• The BofA analy...

U.S. STOCKS DOWN, INVESTORS UNHAPPY WITH FEDERAL RESERVE'S POLICIES

Highlights

• The Dow Jones Industrial Average unlike yesterday slumped this morning by 48 points or 0.2 percent, while the S&P 500 index opened 0.5 percent lower at 3,368

• The Nasdaq Composite went down by over 2 percent to 10,785.67 at the end of first session<...