July 6, 2020
Ever Sodalicious
Lemonade’s eagerly awaited initial public offering (IPO) last week had investors lined up around the block for the insurance fintech’s sweet, refreshing shares.
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June 29, 2020
Hot Potato
The CEO of investment bank Goldman Sachs warned last week that US stocks are getting too hot to handle as high prices remain unsupported by companies’ actual earning potential.
June 24, 2020
Wirecard Declined
Last week investors who’d long bet against Wirecard’s shares, citing financial irregularities, were finally vindicated. The German firm revealed independent accountants had failed to find $2.1 billion the company claimed it had to hand – and its boss promptly bowed out.
June 22, 2020
The Penny Drops
Shares of German payments processor Wirecard fell over 70% late last week after it emerged that the company had managed to mislay over $2 billion of cash.
June 17, 2020
Cool, Calm, Collected
The three companies breaking cover first are online media firm Locoguide, tech company Ficha, and retailer Copa. And while they’re not aiming to raise groundbreaking sums, their listings may still go some way to restoring confidence among Japanese investors, while paving the way for other companies waiting in the wings.
June 9, 2020
Best of Frenemies
The world’s largest group of oil-producing nations and their allies don’t always see eye to eye, but look at ‘em now: OPEC+ agreed to extend its production cuts until the end of July.
June 8, 2020
Wait, What?
The US economy defied all expectations to add over two million jobs last month, according to data out on Friday.
June 2, 2020
London Hold ‘Em
This week, the UK’s major stock market index – the FTSE 100 – will be reshuffled, some of its stocks flushed, and investors dealt a new hand.
June 1, 2020
Holey Scrap!
Aerospace giant Rolls Royce found itself in a heap of trouble late last week when it had the quality of its debt downgraded to “junk”.
May 26, 2020
Aliblahblah
Ecommerce giant Alibaba flashed its trademark smile after reporting better-than-expected results late last week – only to turn that upside-down frown upside down again when its share price dropped 4%.
May 22, 2020
Lost The Pot
May’s data is starting to raise hopes that the recent UK economic contraction might be bottoming out – hopes that are being lifted further still by the easing of lockdown restrictions this month.
May 21, 2020
Special Delivery
Facebook turned up sometime between 9am and 3pm to deliver a plan for its revamped ecommerce venture, Facebook Shops.
May 20, 2020
I’ll Be There For EU
So no one told Europe life was gonna be this way – clap clap clap clap – but at least France and Germany agreed to help their friends recover from the bloc’s worst ever recession with a $550 billion aid package.
May 18, 2020
Can’t Win The Mall
New data showed the lockdown has prompted the biggest drop in US retail spending ever. Revenue at stores and restaurants fell by a higher-than-expected 16% in April.
May 12, 2020
Lockdown Chic
With coronavirus having left Saudi Arabia’s finances looking somewhat disheveled, the country took matters into its own hands by announcing new austerity measures that cut a little close to the skin.
May 4, 2020
Party Schtick
The eurozone economy shrank at the fastest pace on record last quarter – and the central bank didn’t exactly seem to blow investors away with its tricks to help fix things.
April 29, 2020
Stash Flow
Oil giant BP announced an almost 70% drop in first-quarter profit on Tuesday, sure, but forward-looking investors probably paid more attention to cash it’d tucked away for later.
April 28, 2020
Close Encounters
In what might be a once-in-a-blue-moon moment, Deutsche Bank announced a better-than-expected first quarter late on Sunday – and its stock rose 10% on Monday.
April 23, 2020
Flight Of Fancy
Delta was among the US airlines that reached a bailout agreement with the government last week, and it’s been beefing up its bank balance with additional loans of its own.
April 21, 2020
All Scrude Up
The price of a barrel of oil crashed to its lowest price since 1986 on Monday – and the reason might well be found in the “futures” market.
April 15, 2020
Future Shock
Companies have started to announce how they performed in the first quarter of the year, but forward-looking investors are more interested in how they’ll hold up in the dystopian future that awaits them…
April 14, 2020
Job Nopening
Even more Americans newly filed for unemployment last week according to data out on Thursday, while the Federal Reserve (the Fed) announced even more economic support.
April 7, 2020
The Buck Stops Here
Take a long look at your dividends, income investors, because they could be your last for a while: Goldman Sachs reckons coronavirus support for large companies has put cash payouts at risk.
April 2, 2020
Laughing Stocks
Investors’ optimistic start to the year seems like a long time ago now. Global stocks fell 20% last quarter, losing around $20 trillion in value in what was their worst run since 2008. US government bonds, on the other hand, had one of their best quarters as investors clamored for their relative safety.
April 1, 2020
The Immune System
In a recent report, investment banking giant Goldman Sachs picked a handful of stocks that should vaccinate investors against the coronavirus pandemic – and even some that could help them come out stronger.
March 31, 2020
That Awkward Moment
As if it wasn’t mortifying enough that EasyJet had to ground its entire coronavirus-anchored fleet on Monday: the UK airline’s biggest shareholder now wants it to back out of an almost $6 billion deal too.
March 25, 2020
Broken Record
The global economy is stuck on a loop: the International Monetary Fund (IMF) – a sort of bank for countries – is anticipating a recession that’ll be at least as bad as after the 2008 financial crisis.
March 24, 2020
Unlimited Power
The Federal Reserve (the Fed) announced on Monday there’d no limits to its bond-buying to support the US economy. The Fed announced $700 billion of new bond purchases this time last week, and by Friday, it’d already completed a batch of them.
March 23, 2020
Spill Ride
The price of a barrel of oil hit lows not seen since 2002 halfway through last week, as the falling demand that accompanied the dramatic slowdown in global economic growth dovetailed with a sharp increase in supply – namely Saudi Arabia’s price war-driven boost in oil production.
March 18, 2020
Closed For Business
The Philippines announced it was shutting down the country’s stock, bond, and currency trading markets on Tuesday, even as the world’s biggest financial markets keep ticker-taping along.
