Lufthansa shares soar 15% after top shareholder backs government bailout

Jun 25, 2020 23:57 pm UTC| Business Investing

Lufthansa shares surged around 15 percent on Thursday after its top shareholder Heinz Hermann Thiele expressed support for a $10 billion government bailout. Thiele, who recently increased his stake in the airline to...

What adds value to your house? How to decide between renovating and moving

Jun 21, 2020 11:38 am UTC| Real Estate Investing

The governments HomeBuilder scheme allows certain home owners to apply for a tax-free grant of A$25,000 if they are spending between $150,000 and $750,000 renovating a home or building a new home. Eligibility criteria are...

Wall Street using alternative data to determine consumer behavior

Jun 18, 2020 23:46 pm UTC| Economy Investing

Wall Street is monitoring peoples movement through airport security checkpoints, restaurant reservations, and gasoline demand as indicators of consumer behavior. This information is valuable as current economic reports...

Why stocks are soaring even as coronavirus cases surge

Jun 13, 2020 10:12 am UTC| Economy Investing

The number of new COVID-19 cases in the U.S. is still climbing rapidly, over 20 million Americans remain unemployed, dozens of major companies have reportedly filed for bankruptcy, the country is officially in a recession...

US Billionaires Gain $565 Billion Since Start of Pandemic

Jun 10, 2020 04:15 am UTC| Economy Investing

US billionaires have become $565 billion richer since March 18, as the stock market skyrocketed in large part because of unprecedented action from the Federal Reserve. According to a report published by the Institute...

Gold poised for third straight weekly fall amid hopes of economic recovery

Jun 05, 2020 07:36 am UTC| Investing

Gold prices eased and were on track for a third consecutive weekly decline as markets pinned hopes on an economic recovery. However, a weak dollar, U.S. China trade tensions and risks of a second coronavirus wave limited...

Metal Supply & Demand Series

FxWirePro: Copper resumes upside after brief pause at 110-EMA, eyes 2.535 (61.8% Fib)

Jun 05, 2020 05:40 am UTC| Technicals Investing

Copper has resumed upside after a brief pause as the pair holds above 110-EMA. The pair was trading 0.58% higher on the day at 2.499 at around 05:30 GMT. Price action has held above 110-EMA support and bounce higher...