Markets Shift on Biden’s First Day
Some U.S. indices hit new highs as Biden was inaugurated yesterday, while the U.S dollar dipped amid optimism towards new presidential policies.
Asian Markets Rise as Biden's Inauguration Nears
Asian markets opened higher on Tuesday as Joe Biden’s presidential inauguration approaches, and they are continuing to bloom after China’s quarterly reports of economic growth.
China’s Economy Grew in 2020
China’s economy grew in 2020, with reports on Monday that their GDP jumped 2.3% as global economies struggled to bloom during the coronavirus pandemic.
Cannabis Stocks Soar as Mexico Nears Legalisation
Mexico’s health ministry published regulations for the use of medical cannabis, moving towards becoming the world’s largest legal cannabis market.
Tesla Races Into 2021, Surpassing $880
Tesla almost hit US$900 per share on Friday, marking an uptrend streak of 11 trading days, which is the longest on record.
Markets React as Investors Weigh U.S. Senate Results
After a day of political debate and the U.S. Congress riot, Democrats won both seats in the Georgia runoff election and Joe Biden got formally certified as the next U.S. President.
Bitcoin Skyrockets to a New High, Hitting $35K
Bitcoin’s price broke its own record once again this morning, exceeding $35,000, while other cryptocurrencies continue to rally.
Gold Rises as US$ Weakens
Gold kicks off the first week of 2021 reaching its highest level since November 2020 by surpassing US$1,900 early in today’s trading.
The Winners and Losers of 2020
Take a look at some of 2020’s winners and losers as this year has been one of the toughest for some businesses, but also has brought great fortune to others.
Markets Rise After Trump Signs Stimulus Bill
Markets rose as a reaction to Trump's signing of the Stimulus Bill, even though he had previously refused to do so. The bill will provide financial aid to people and institutions, as well as funding for vaccines and other health measures.
Alibaba Shares Plunge Under Chinese Regulator Pressure
Alibaba (BABA) dropped as much as 7.3% early this morning in Hong Kong after Chinese regulators ordered Ant-Group to return to its payment service roots. This is Alibaba’s lowest hit since July.
Possible Brexit Deal Reached as Deadline Looms
The U.K. and E.U. are one step closer to finalising months of negotiations after an outline to the agreement was made on Wednesday night. The announcement is potentially set for today.
New COVID Strain Overshadows U.S. Stimulus
The U.S. Congress passed a new stimulus bill on Monday night, to provide financial aid during the pandemic as a new strain of coronavirus is causing concerns
Tesla Speeds Into the S&P 500's 5th Position
Tesla’s big year rolls on as they prepare to join the S&P 500 today. Traders are watching closely as it becomes the 5th largest company on the index.
Bitcoin Surges Past Historic High
Bitcoin passed $22,000 for the first time, jumping 14.7% between yesterday morning and today’s early hour trading.
E-commerce Hits Record Sales
As a result of stay at home orders, online shopping has soared, pushing more than 60% of consumers to move their shopping habits online.
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