Benjamin Chadwick

On Thursday, the S&P 500 supplemented modest gains, led by strength in tech stocks, as investors became optimistic on economic recovery.  Accordingly, market sentiment improved after the Federal Reserve signalled that the asset tapering could start as soon as next month.  The S&P 500 index jumped 0.30% or 13.15 points to $4,363.80 per share.  At …

S&P 500 Bounces Up as Tech Stocks Rally on Economic Optimism Read More »

On Wednesday, most European stocks extended their plunge as concerns about inflation climbed amid the soaring energy prices.  Subsequently, the benchmark pan-European STOXX 600 lost 0.02% or 0.09 points to $457.12 per share. The index is trailing to a 4.00% drop from its August peak.  Its worst performer, the online food delivery service firm Just …

European Stocks Subdued as Inflation Jitters Persisted Read More »

On Tuesday, Asia-Pacific shares traded red as concerns about inflation hiked amid the increase in energy costs.  Accordingly, Chinese stocks slumped as reports suggested that the local government widens the scrutiny on private industries.  The Shanghai Composite index sharply plummeted 1.52% or 54.72 points to $3,536.99 per share.  Its worst performer, Guangdong Jia Yuan Co., …

Asia-Pacific Shares Dipped as Concerns on Inflation Hiked Read More »

On Monday, shares of Meituan surged after Chinese regulators levied the firm with a $534.00 million antitrust fine.  Accordingly, it rallied 9.22% or 3.03 points to $35.93 per share, following its hike of 2.07% last Friday.  Meituan provides an e-commerce platform that operates through food delivery, in-store, and hotel & travel segments.  Currently, it stands …

Meituan Shares Surged after it was Hit with a $534 M Fine Read More »

On Friday, stocks of Chubb Ltd. hiked as it announced plans to acquire some of the Asia-Pacific units of Cigna Corp. for $5.80 billion. The Switzerland-based insurance company hiked 0.91% or 1.60 points to $178.32 per share, following its consecutive gains since Tuesday.  On Thursday, Chubb stated that it would purchase the accident, supplemental health, …

Chubb Ltd. Stocks Hike as It Acquires Cigna Corp. for $5.8B Read More »

On Thursday, the world shares traded higher as concerns about the US debt ceiling alleviated. Accordingly, American Senate Minority Leader Mitch McConnell proposed a short-term debt ceiling suspension to avert the possible state default. Consequently, this could give the government more time to pass a permanent solution before the end of the year.  Then, economists …

World Shares Up as the US Debt Ceiling Concerns Eased Read More »

On Wednesday, the Asian market struggled for direction as Japan’s Nikkei 225 index plunged on the low approval ratings of Prime Minister Fumio Kishida. Accordingly, the benchmark Nikkei 225 declined 1.14% or 316.31 points to $27,505.81 per share.  Remarkably, auto and truck manufacturers sank to the bottom of the index.  For instance, Mitsubishi Motors Corp. …

Asian Market Mixed; Nikkei 225 Fell on PM Kishida’s Rating Read More »

On Tuesday, Facebook stocks declined after a massive outage on its platform. The social networking company plummeted 4.89% or 16.78 points to $326.23 per share, its worst sell-off this year. Currently, Facebook has nearly 2.00 million users around the globe and also owns Instagram and WhatsApp. The site went offline around noon eastern time and …

Facebook Inc. Stocks Tumble after a Massive Outage Read More »