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'A lot of times it’s not the earthquake, it’s the fire,' says Gundlach....
All eyes Wednesday will be on the Federal Open Market Committee (FOMC) as it wraps up its two-day policy-setting meeting....
The market value of the firm has eclipsed Fiat even though it has yet to deliver a single truck....
Stock futures kicked off the overnight session slightly higher, edging up slightly as market participants awaited the Federal Reserve’s latest monetary policy decision and commentary Wednesday....
(Bloomberg) -- Maybe it was another case of mistaken identity, or just Pavlovian enthusiasm on a day when the FANG stocks were powering up. Whatever the reason, a company called Fangdd just jumped fivefold without any news to explain it.Fangdd Network Group Ltd., a Shenzen, China-based real estate firm that trades in the U.S. under the ticker DUO, nearly quintupled on Tuesday, jumping 395% to close at $47.06 per American depository receipt after starting the day at $10.The stock touched as high as $129.04 -- an advance of more than 1,200% -- before prompting a trading halt that paused the stock for an hour. The momentum continued after the bell, lifting shares an additional 34%.It’s unclear what sparked the runaway rally, which occurred in a week that’s already seen high volatility chalked up to factors from retail investors bidding up bankrupt stocks to short covering or just a fear of missing...
EUR/USD Current Price: 1.1341 * Equities retreated from their recent highs, but the dollar couldn't benefit from the dismal mood. * The U.S. Federal Reserve is expected to maintain its monetary policy unchanged, focus on the dot-plot. * EUR/USD is nearing the multi-week high at 1.1384 posted after the upbeat US employment report.The EUR/USD pair is nearing its post-NFP peak at 1.1383 ahead of the most relevant event of the week, the US Federal Reserve monetary policy decision. The greenback tried to recover some ground during European trading hours, helped by the sour tone of equities. Nevertheless and despite stocks were unable to recover, the dollar resumed its decline during the American session, ending the day lower against most of its major rivals.In the data front, Germany published the April Trade Balance, which posted a surplus of €3.2B below expected, with exports falling by 24% and imports collapsing by 16.5%. The...
