Daily Market News: White House $916bn stimulus deal offer deemed ‘unacceptable’ by Democrats LeapRate

December 09, 2020 BY Steffy Bogdanova

Daily Market News: White House $916bn stimulus deal offer deemed ‘unacceptable’ by Democrats

What to watch Campbell Soup: Food and snack firm Campbell has enjoyed heightened demand during Covid-19 related restrictions, as consumers stocked up on food items including the firm’s long-lasting canned goods. Campbell sells more than just soup, with brands such as Pepperidge Farm baked goods and Prego pasta sauces. A key point of focus will…

December 08, 2020 BY Steffy Bogdanova

Daily Market News: Tesla surges 7% to pass $600bn market cap marker

What to watch Chewy: Online pet food and product retailer Chewy’s share price is up by more than 150% in 2020, as consumers stuck at home have turned to online solutions. Pet sales and adoptions have also surged this year during US lockdown restrictions. The firm will deliver its third-quarter earnings on Tuesday, where investors…

December 07, 2020 BY Steffy Bogdanova

Daily Market News: Markets slip on China sanctions

What to watch Coupa Software: California-based tech firm Coupa Software offers business spending management services, which provide companies with visibility into and control over their operations. The firm’s share price has soared in 2020, more than doubling. Coupa’s cloud-based products fit well into the current mass work-from-home environment. Companies facing economic difficulties who want to…

December 04, 2020 BY Steffy Bogdanova

Daily Market News: OPEC and Russia compromise on oil output

What to watch US jobs report: All eyes will be on November’s job report from the Bureau of Labor Statistics on Friday, investors will be watching to see whether surging Covid-19 case numbers in the US have damaged the labour market. In October, jobs growth was better than expected, and the unemployment rate fell to…

December 03, 2020 BY Steffy Bogdanova

Daily Market News: Oil gains on OPEC+ cut talks

What to watch Dollar General: Discount retailer Dollar General has added almost 40% to its share price in 2020, taking its market cap past the $50bn mark. Along with other discount retailers, Dollar General’s gains this year have been driven by consumers stocking up on staples, and turning to cheaper options in the face of…

December 02, 2020 BY Steffy Bogdanova

Daily Market News: UK approves Pfizer vaccine, US closes at record highs

What to watch Snowflake: Cloud-based data storage and analytics firm Snowflake went public in September at an IPO price of $120 a share, and has now surged past the $300 mark. That puts the company’s value at more than $80bn. Snowflake delivers its first-ever quarterly earnings update as a public company after the market close…

December 01, 2020 BY Steffy Bogdanova

Daily Market News: Bitcoin hits new record high

What to watch Salesforce: Certain to be front and center of Salesforce’s earnings call today will be reports that the firm is planning to acquire workplace messaging service Slack. If the deal is going ahead, how the company plans to integrate Slack into its other business software products, and the valuation placed on Slack after…

November 30, 2020 BY Steffy Bogdanova

Daily Market News: S&P Global in talks to pull off the biggest deal of 2020

What to watch Zoom Video Communications: Investors in video communications company Zoom have been handsomely rewarded this year, with its year-to-date share price gain close to the 600% mark, as mass working from home has led to huge demand for virtual meeting tools. The company delivers its latest set of quarterly earnings on Monday, where…

November 27, 2020 BY Steffy Bogdanova

Daily Market News: Facebook’s Libra to launch as soon as January

What to watch Black Friday: Today marks the official start of the Black Friday sales event (although many outlets started cutting prices weeks ago). With many retailers around the world (particularly in the UK) locked down because of Covid, all the signs point firmly at the online retail giants to clean up once again. Last…

November 26, 2020 BY Steffy Bogdanova

Daily Market News: Bitcoin hits record high followed by sharp sell-off

What to watch US Markets: Stock markets in the US are closed on Thursday for Thanksgiving, and close early (1pm ET) on Friday, so there will be no companies reporting today from the US and limited activity on Friday. Reach plc: UK red-top media firm Reach plc is reporting its interim results on Friday. The…

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Daily Market News: White House $916bn stimulus deal offer deemed ‘unacceptable’ by Democrats

Daily Market News: Tesla surges 7% to pass $600bn market cap marker

Daily Market News: Markets slip on China sanctions

Daily Market News: OPEC and Russia compromise on oil output

Daily Market News: Oil gains on OPEC+ cut talks

Daily Market News: UK approves Pfizer vaccine, US closes at record highs

Daily Market News: Bitcoin hits new record high

Daily Market News: S&P Global in talks to pull off the biggest deal of 2020

Daily Market News: Facebook’s Libra to launch as soon as January

Daily Market News: Bitcoin hits record high followed by sharp sell-off

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