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Wall St hits record high after Trump signs US fiscal aid bill

Wall St hits record high after Trump signs US fiscal aid bill

Wall Street's main indexes hit record highs on Monday as President Donald Trump's signing of a long-awaited $2.3 trillion pandemic aid bill bolstered bets on an economic recovery and drove gains in financial and energy stocks.

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Wall Street braces for a different 2021 with tech giants to take a back seat
Analysis
Analysis

Wall Street braces for a different 2021 with tech giants to take a back seat

As 2021 approaches, many on Wall Street are bracing for unfamiliar territory: a year when technology companies may not be the biggest stars of the stock market.

  • by Jeran Wittenstein
Wall Street rises as investors make financial aid bets, Bitcoin surges

Wall Street rises as investors make financial aid bets, Bitcoin surges

US stocks rose to records after data showing a further slowdown in the labour market stoked bets congressional leaders will clinch a deal on federal spending.

  • by Alex Veiga
Credit Suisse charged in money laundering probe

Credit Suisse charged in money laundering probe

The case dates to 2008 when prosecutors opened a probe into a Bulgarian wrestler who they allege had turned to drug trafficking.

  • by Hugo Miller
ASX set for gains as Wall Street gets Fed boost

ASX set for gains as Wall Street gets Fed boost

The S&P 500 ticked higher after the Federal Reserve pledged to keep buying bonds until the economy makes substantial progress from its virus-wracked state.

  • by Damian Troise
Why a Facebook breakup could be lucrative for investors
Opinion
Opinion

Why a Facebook breakup could be lucrative for investors

While a breakup of the company would be humiliating for chief executive officer Mark Zuckerberg and strip him of power, it could be a value-creating event for shareholders

  • by Conor Sen
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ASX set to rise with Wall Street on track to end losing streak

ASX set to rise with Wall Street on track to end losing streak

Stocks on Wall Street are making another run at breaking their losing streak, climbing as negotiations drag on in Washington on whether to deliver more support for the economy.

  • by Stan Choe and Damian Troise
Wall Street extends losing streak as rally evaporates

Wall Street extends losing streak as rally evaporates

Stocks closed mostly lower on Wall Street after an early rally faded, extending the market's recent pullback from record highs.

  • by Ambar Warrick and Shreyashi Sanyal
‘Is Exxon a Survivor?’ The Big Oil giant is at a crossroads

‘Is Exxon a Survivor?’ The Big Oil giant is at a crossroads

Over the last 135 years, Exxon Mobil has survived hostile governments, ill-fated investments and the catastrophic Exxon Valdez oil spill. Through it all, the oil company made bundles of money. But suddenly Exxon is slipping badly.

  • by Clifford Krauss
'Lost all sense of perspective': Fears of another Wall Street bubble
Analysis
Opinion

'Lost all sense of perspective': Fears of another Wall Street bubble

Lofty valuations for tech companies are leading the industry into bubble territory not seen since the late Nineties.

  • by Michael Cogley and Jonathan Jones
Etsy used to be a punchline - now It’s a Wall Street darling

Etsy used to be a punchline - now It’s a Wall Street darling

Etsy started in 2005 as a site for one of its founders to sell handmade wood-clad computers. Now it's becoming something of a blue-chip stock and has been by far the best-performing stock on the S&P 500 since joining in September.

  • by Matt Phillips and Gillian Friedman