news

S&P 500 struggles for direction as new COVID worries outweigh stimulus-passage boost

22.12.2020, 20:30

The S&P 500 was essentially unchanged on Tuesday as worries over a new variant of COVID-19 and downbeat economic data dampened enthusiasm over the passage of a long-awaited pandemic relief bill in Washington.

Pound Backtracks as Differences on Fisheries Keep Brexit Talks in Deadlock

22.12.2020, 20:10

The pound fell Monday as investors continued to sweat over the prospect of the UK crashing out of the European Union without a deal amid ongoing differences on fishing quotas, with just nine days to go until the year-end transition deadline.

Vimeo to Spread its Wings, Lifting IAC Higher

22.12.2020, 19:53

IAC jumped 14% after saying it would spin off Vimeo, its video software company, to shareholders of the mother company.

Crude Oil Prices Fall Again on New Covid-19 Strain Worries

22.12.2020, 18:52

Crude oil prices softened again on Tuesday as the implications of a new strain of the Covid-19 virus for global demand sunk in, while a sharp drop in U.S. consumer confidence also kept the mood subdued.

Gold Drops Most in 2 Weeks, Prompting Question: 'What Stimulus?'

22.12.2020, 17:52

"Buy the rumor, sell the fact," is an adage that investors in gold probably know as well as those who punt on stocks.