Archive for Tag: stock market news today

Bank of America

Bank of America profit more than doubles on reserve release boost

Bank of America (NYSE:BAC) UP 1.42% AT 39.88 Bank of America Corp’s profit more than doubled in the first quarter and topped Wall Street estimates as it released reserves it had set aside to cover potential coronavirus loan losses. The second-largest U.S. bank by assets unlocked $2.7 billion from...

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How the pandemic helped Walmart battle Amazon Marketplace for sellers

Amazon (NASDAQ:AMZN) Inc UP 0.61% AT 3400.00 & Walmart (NYSE:WMT) DOWN 0.31% AT 139.37 Between 2009 and 2014, Walmart’s Marketplace business, where outside merchants hawk everything from baby blankets to power tools, counted no more than six sellers, and was described by one expert as “in limbo.” But what...

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Business software group SAP

SAP forms financial services alliance with investor Dediq

SAP AG UP 0.09% AT 111.21 Business software group SAP said on Tuesday it was forming a joint venture with Munich-based investor Dediq to develop new digital solutions for banking and insurance. Under the deal, Dediq will invest more than 500 million euros ($595 million) in developing premium products...

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brent crude futures

Oil hits almost 14-month high after OPEC+ extends output cuts

WTI CRUDE was trading 2.48 up at $65.41. Oil prices jumped more than 2% on Friday, hitting their highest in nearly 14 months after OPEC and its allies agreed not to increase supply in April as they await a more substantial recovery in demand. Brent crude futures were up $1.52,...

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Asian Stock Market News

Asian Stocks Down as Powell Keeps Mum on Rising Inflation Rates

Asia Pacific stocks were down Friday morning, continuing Thursday’s losses after U.S. Treasury yields’ moves increased investor jitters. China’s Shanghai Composwas down 0.29% by 10:25 PM ET (3:25 AM GMT) and the Shenzhen component inched down 0.07%. China’s National People’s Congress (NPS) opened on Friday, where a conservative economic...

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Crude Oil Market News

Oil optimism unwinding market’s mad dash for storage

Brent was trading 0.06 up at $63.73. When the world economy slammed on the brakes last year, there was a rush to store a wave of unwanted crude and products, but rising prices and optimism about demand is spurring a swift unwinding of storage contracts. At the end of...

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Walmart's Flipkart

Walmart’s Flipkart expands grocery sales, WALMART INC UP 1.12% AT 131.37

Walmart-owned Flipkart will sell groceries online in more Indian cities, as it seeks to compete better with Amazon and Reliance in an e-commerce market that has grown rapidly during the COVID-19 pandemic. Flipkart has already expanded online grocery sales to more than 50 Indian cities and intends to reach...

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Germany stocks higher at close of trade; DAX up 0.33%

Germany stocks were higher after the close on Monday, as gains in the Consumer and cynical technology and Retail sectors led shares higher. At the close in Frankfurt, the DAX gained 0.33%, while the MDAX index added 0.44%, and the Tec Dax index climbed 0.23%. The best performers of...

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France stocks higher at close of trade; CAC 40 up 0.30%

France stocks were higher after the close on Thursday, as gains in the Foods and drugs sectors and General Financial sectors led shares higher. At the close in Paris, the CAC40 gained 0.30%, while the SBF 120 index gained 0.42%. The best performers of the session on the CAC...

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Asian stocks hit fresh records on hopes for global recovery

Asian shares rose to record highs on Friday, with Japan’s Nikkei hitting a three-decade peak as investors looked beyond rising coronavirus cases and political unrest in the United States to focus on hopes for an economic recovery later in the year. The upbeat mood came after Wall Street hit...

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