Here are five big numbers that show Amazon AMZN -3.7%’s explosive growth during the pandemic which has hurt much of the retail world. $570 billion That’s how much Amazon’s market capitalization has gained so far in 2020. At the start of the year, the e-commerce giant sported a valuation of around $920 billion. After the stock bounced back from the coronavirus market sell-off…
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The U.K. economy shrank almost a fifth in the first three months of lockdown, mostly dragged down by a 20% fall in April, laying out the cost of shutting down entire industries in a bid to curb the pandemic, new data from the U.K.’s statistics agency shows. KEY FACTS - The economy shrank 19.1% in the three months to May, following a 6.9% drop in March, and a 20.4% fall in April, the first…
While reports of positive data from potential coronavirus treatments have helped propel the market higher in recent months, investors are far too optimistic about a vaccine and stocks shouldn’t be rallying so much on each bit of news, warns Vital Knowledge founder Adam Crisafulli. KEY FACTS - On Wednesday, after closing out its best quarter in decades, the stock market jumped on news…
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The stock market finished lower on Tuesday—although the Nasdaq Composite rallied to a new record high—a day after the S&P 500 turned positive for 2020 and fully recouped its losses from the selloff caused by the coronavirus…
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Wall Street rallied on Friday after a better-than-expected jobs report revealed that the United States added 2.5 million jobs in May–the largest such increase on record. The S&P 500 and Dow Jones Industrial Index ended the day up…
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The market fell sharply for most of Friday as investors braced for President Trump’s announcement regarding China, but despite new sanctions and penalties, stocks turned positive after the phase one trade deal was kept intact. KEY FACTS…
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China’s powerhouse economy was the first to feel the squeeze as the coronavirus pandemic took hold earlier this year, and the damage is likely to last for years to come. As top Chinese lawmakers gathered at the National People’s…
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The cruise industry has been rocked by the coronavirus shutdowns, but Credit Suisse is making a bold bet that the stocks of two major players will surge over 50% and lead the industry’s eventual recovery. KEY FACTS - The firm initiated…
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The Senate, by unanimous consent on Wednesday, passed legislation that would ban many Chinese companies from listing shares on U.S. stock exchanges or raising money from American investors, as tensions between the world’s two largest…
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