Amazon has become America’s second $1 trillion company.
Global stocks rebounded modestly Tuesday, lifting U.S. equity futures into positive territory, even as investors continue to worry about developments in the various trade disputes between Washington and its major economic partners.
With the Labor Day holiday keeping major exchanges closed on Monday, and with earnings season winding down, the calendar isn’t as packed as it has been lately. But investors are still anticipating quarterly reports that could send shares of Five Below (NASDAQ:FIVE), GameStop (NYSE:GME), and Okta (NASDAQ:OKTA) moving in the shortened trading week ahead. Let’s take a closer look.
Markets have a very short attention span. Like babies, they move on quickly from one toy, or in this case an event, to another.
Investa Office Fund (IOF.AX) said on Tuesday that Canada-based Oxford Properties Group had offered A$3.29 billion ($2.4 billion) for acquiring the property manager, higher than an A$3.2 billion offer earlier from Blackstone Group (BX.N).
Fundstrat’s Tom Lee, a Bitcoin permabull known for his optimistic price targets for the dominant cryptocurrency, has said that Bitcoin will likely end the year explosively higher possibly at $20,000.
Aston Martin, the maker of James Bond’s favorite sports car, said it may sell shares for the first time as it seeks to attract more wealthy buyers with an expanded product range including sedans, sports utility vehicles and even submarines.
Asian stock markets started September lower in early Monday trading, as trade-war fears increased after the U.S. and Canada missed a deal deadline set for Friday and uncertainty rose about escalating tariffs between the U.S. and China.
After a strong August, market participants are turning their attention to September, historically the worst month of the year for markets, and weighing prospects that the last month of the third quarter will extend the summer’s gains.
On Saturday, bitcoin’s (BTC) price swung upwards starting the day around $7,042 but after a couple of jumps reached around $7,218 at 20:15 before falling back to close at $7,192. Still this was a reasonable gain after the price recently fell below $7,000.