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Tesla has finally joined the S&P 500 Index on 21 December 2020. Back in September, Standard & Poor’s announced that the index’s inclusion committee had decided not to add Tesla to the S&P 500. This unexpected news sent Tesla shares tumbling more than 16% in one day. Given Tesla’s sheer size — it is now among the [...]
It’s been an incredibly tough start to the year for investors, with some market veterans describing it as one of the most challenging situations they’ve ever experienced. While markets have staged a recovery since late March, it was a crushing quarter as coronavirus (Covid-19) effectively shuttered the global economy, not to forget the immeasurable human [...]
European gas producers are well placed to withstand the downturn in prices for at least a year, according to a new report from Standard & Poor Global Ratings (S&P). The analysis comes as a welcome boost to the industry, which saw prices fall to their lowest in a decade in early September. Read more: Equinor [...]
US traders seemed to regain their optimism during the first few minutes of today's session, following a day during which markets across the pond yo-yoed wildly. The S&P 500, which ended yesterday more than three per cent down, rose more than two per cent to 1,931 .5 points in the first minutes of trading, while [...]
US markets continued the trend set by global markets, plummeting in mid-morning trading, with the the S&P 500 and Dow Jones both trading more than four per cent down. That followed huge falls in Asia and Europe, with the FTSE 100 tumbling below 6,000 for the first time since 2012, while stocks in China fell [...]
The FTSE 100 clocked its biggest weekly loss this year, falling 2.8 per cent to 6,187.6 points, while US markets were equally hit, with the S&P 500 crashing below 2,000 for the first time since February. Meanwhile, the pan-European FTSEurofirst 300 closed down three per cent, its worst one-day fall since October. Britain's top share [...]
It's been an awful day for markets around the world. US stocks suffered their worst losses of 2015 while the FTSE 100 entered official correction territory caused by fears surrounding economic growth, particularly a slowdown in China, the world's second-largest economy. Markets in Shanghai and Shenzhen were down more than three per cent, while in [...]
The strong dollar is hindering growth in US equities this year, analysts are warning. The US dollar has been persistently strong in the last year, and has risen around 18 per cent on a trade weighted basis against a basket of other currencies in 12 months. It has continued to strengthen throughout this year, and [...]
Warren Buffett’s Berkshire Hathaway risks being downgraded by ratings agency Standard & Poor’s, after its record deal to buy aerospace manufacturer Precision Castparts. The acquisition worth $37.2bn has caused S&P to worry about Berkshire Hathaway’s cash resources, putting it on "CreditWatch Negative". The company is currently rated "AA", the third-highest of 10 possible ratings. Read [...]
Standard and Poor’s has revised the EU’s outlook to negative due to the ongoing Greek debt crisis and growing fears that the UK could vote to leave the EU. The decision also reflects that S&P believe the EU’s AA+ credit rating has a greater than 1-in-3 change of being cut in the next 2 years. This [...]
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