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Gold slipped as much as 1% on Thursday after the U.S. Federal Reserve disappointed expectations for further stimulus to spur inflation and support the economy, battered by the coronavirus crisis. Spot gold dropped 0.9% to $1,940.96 per ounce. U.S. gold futures slipped 1.2% to $1,947.40. “The gold market was somewhat disappointed by the lack of
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Europe’s auto stocks were on the skids again on Thursday after fresh data showed that the recovery in sales had gone into reverse in August. Passenger car registrations across the 27-member European Union fell 18.9% in August, according to numbers from industry group ACEA. That breaks a three-month trend of improvements after lockdowns all but
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Stocks in focus in premarket trade on Wednesday, September 16th. Please refresh for updates. Nikola (NASDAQ:NKLA) stock fell 6.4% after reports that the U.S. Department of Justice is joining the SEC in making inquiries into fraud claims made against the electric truck maker after a report by the short-selling investment firm Hindenburg Research. General Motors
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September has been a volatile month for the Nasdaq Composite Index. After hitting an all-time high on September 2, crossing above 12,000 for the first time ever, the Nasdaq dropped by over 9% within a week and entered a technical correction. No surprise: the selloff in the tech-heavy stock market index was led by some
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Shares of the chip stock rose in premarket trading after Needham raised its price target to a Street high of $700 per share from $600 per share. The Wall Street firm — which has a “buy” rating on Nvidia — said the company’s acquisition of Arm could potentially add $1.20 to $1.65 a share to
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