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Markets finish worst week since October

Markets finish worst week since October

Business
Jan. 29 (UPI) -- The Dow Jones Industrial Average lost more than 2% by the close of trade Friday, closing out the worst week for the index since October. All three major U.S. stock indexes fell by more than 3% for the week amid market volatility related to the trading of shares in businesses such as GameStop and AMC. Advertisement Investors drove up the prices of the companies' shares this week in an attempt to undermine hedge fund efforts to short the stocks. Stocks for GameStop fluctuated between $ 483 and $ 112 Thursday. The Dow fell below 30,000 for the first time since mid-December, losing 3.28% for the week. The S&P 500 closed at 3,714, dropping nearly 2% Friday and the Nasdaq Composite closed at 12,070, falling 2%. All three indexes dropped more than 3% for the week. Shares of ...

Market’s record run is far from the finish line, Oppenheimer’s chief strategist predicts

Finance
Dow 30,000 may just be the beginning.Oppenheimer Asset Management's John Stoltzfus believes the Dow's record high on Tuesday is justified despite the nation's battle against surging coronavirus cases.He lists a resilient economy as the major factor for optimism."Very simply, the fundamentals are improving and prospects for them to improve further appear likely," the firm's chief investment strategist told CNBC's "Trading Nation."Stoltzfus also cites vaccines advancements, less uncertainty surrounding Washington's post-election government makeup and better-than-expected third quarter earnings for his positive outlook.It's a stark departure from his view about nine months ago. Stoltzfus was one of the first mainstream Wall Street strategists to warn investors about the pandemic.In late Febru...
Super Bowl 2020: Kansas City beat San Francisco – Patrick Mahomes provides perfect finish

Super Bowl 2020: Kansas City beat San Francisco – Patrick Mahomes provides perfect finish

Sports
Media playback is not supported on this device "We've got Pat Mahomes. It's magic Mahomes, it's showtime Mahomes."And so a week that started with a nation in mourning for a sporting hero ended with a new star cementing his place on the biggest stage of all.Kobe Bryant's death was marked by a moment's silence before a Super Bowl that was as compelling as it was cathartic, as the Kansas City Chiefs finally ended a 50-year wait for glory with victory over the San Francisco 49ers. To spend the week in Super Bowl town was to see just what this event means to the United Stat...
4 financial tasks you must finish before December 31

4 financial tasks you must finish before December 31

Finance
The year 2019 will come to an end in just a few days. Most of us will be in the process of gearing up for the new year - setting the agenda for 2020, planning our investments and finances and so on. However, did you know that there a few financial tasks that you have to complete before 2019 closes? There are four money related deadlines that fall on December 31. In this story, we tell you what these deadlines are and what the repercussions are for not completing the tasks. Link your PAN with Aadhaar Link your PAN card to Aadhaar else it will become invalid after December 31. April 1, 2019 onwards, the Income Tax department had made it mandatory to link PAN with Aadhaar especially while to file income tax return (ITR), unless specifically exempted. The deadline to link the Aadhaar has alre...
Women’s World Cup 2019: France and Germany top respective groups, Norway and Spain finish second, plus more

Women’s World Cup 2019: France and Germany top respective groups, Norway and Spain finish second, plus more

Sports
The final round of group matches are upon us at the 2019 Women’s World Cup.On Monday, host nation France were looking to secure top spot in their group while tournament heavyweights Germany were also in action. Nigeria Women 0-1 France Women The video assistant referee helped hosts France to victory over Nigeria at the World Cup to seal top spot in Group A. Getty Images - Getty This game will be remembered for the VAR use The game in Rennes remained goalless until the final 15 minutes, with Wendie Renard scoring a penalty at the second attempt to secure a 1-0 win. Referee Melissa Borjas awarded a spot-kick after consulting VAR and adjudging that Viviane Asseyi had been taken down by Ngozi Ebere – who was shown a second yellow card for the challenge. Renard...