losing ground, while materials and energy companies climbed.
Most S&P 500 sectors traded higher, while technology shares dipped in an ongoing rotation by investors out of stocks that outperformed due to the coronavirus pandemic and into others viewed as likely to do well as the economy recovers.
AGF Investments’ Greg Valliere on what the new stimulus bill means for Wall Street and Main Street. Plus, Subaru of America CEO Tom Doll on how the pandemic has impacted sales and long-term plans. And BMO Capital’s Brian Belski explains why rising bond yields are not a threat to the bull market.
After introducing its M1 series last year, tech company Apple is now gearing up to bring its custom Silicon solution to the iMac. As per Mashable, there are new details on the design of the iMac. A credible leaker has shared that Apple's new iMac will highlight a 'really big' display, bigger than the current 27-inch iMac. Currently, Apple sells a 21.5-inch iMac and a 27-inch iMac. The organisation might be looking to replace both variants with an updated design and its new processors. Apple's desktop equivalent machines have not seen a significant design shift since 2012. The revamped iMac display is coined by the credible leaker l0vetodream (via MacRumors).
[NFA] Apple Inc Chief Executive Officer Tim Cook on Thursday was the latest corporate leader to speak out against the state of Georgia's new voting restrictions, which many critics say targets Black people and other racial minorities. This report produced by Jillian Kitchener.
Tesla CEO Elon Musk said on Wednesday that people can now buy a Tesla car with Bitcoin. He further said that Bitcoin paid to Tesla will not be converted to fiat currency and will be retained as bitcoin. Musk on Twitter wrote, 'You can now buy a Tesla with Bitcoin.' He further noted, 'Tesla is using only internal & open source software & operates Bitcoin nodes directly. Meanwhile, the Indian government is looking at imposing a ban on crypto-currency trading, mining and investments in the country.
#ElonMusk #TeslaCEO #Bitcoin
Elon Musk has once again amused everyone. Now he isn't just Elon Musk but has a new title. In a filing with the Securities and Exchange Commission, Tesla disclosed that Musk is adding the title of Technoking of Tesla. It also said that Chief Financial Officer Zach Kirkhorn had taken on the title of Master of Coin. Each executive will keep his more standard title as well.
#ElonMusk #TechnoKing #Tesla
In a filing with the Securities and Exchange Commission, Tesla disclosed that CEO Elon Musk is adding the title of “Technoking of Tesla.” It also said that Chief Financial Officer Zach Kirkhorn had taken on the title of “Master of Coin.” CNN’s Richard Quest and Paul R. La Monica discuss the move by Musk.
Equity benchmark indices traded within a narrow range on Friday as surging Covid cases became an area of serious concern with several cities declaring night curfews Market experts said unless this second wave peaks soon and subsides, economic activity will be impacted and uncertainty will weigh on investor sentiments. The BSE SandP Sensex closed 155 points or 0.31 per cent lower at 49,591 while the Nifty 50 slipped by 39 points or 0.26 per cent to 14,835. Sectoral indices at the National Stock Exchange were mixed with Nifty private bank down by 0.9 per cent and financial service by 0.7 per cent. But Nifty PSU bank rose by 2 per cent and pharma by 3 per cent. Among stocks, Axis Bank closed 2 per cent lower at Rs 668.05 per share while ICICI Bank lost by 1.8 per cent to Rs 565.95. Bajaj Finance skidded by 3 per cent to close at Rs 4,878 per share. UPL, UltraTech Cement, Tata Steel, NTPC, Coal India and IndianOil Corporation too were in the negative zone. However, pharma major Cipla jumped by 5.3 per cent to Rs 836.95 per share. Sun Pharma too gained by 3.5 per cent and Dr Reddy's by 1.6 per cent. The other prominent winners were Hindustan Lever, Tech Mahindra, Wipro, Tata Motors, JSW Steel and Titan. Meanwhile, Asian equities were in a choppy trading session after technology stocks lifted the SandP 500 to a new record. Investors weighed an unexpected rise in the number of Americans filing new claims for unemployment benefits. Japan's Nikkei was up by 0.2 per cent but Hong Kong's Hang Seng index rolled down by 1.07 per cent. South Korea's Kospi too fell by 0.36 per cent.