After Trump tests positive for COVID-19, Dow futures fall as investors worry. The president testing positive led stocks to fall in pre-market trading.

When JFrog (NASDAQ:FROG) priced its initial public offering at $44, markets valued the company at around $4 billion. The over 60% rally on the day rewarded early investors only. Anyone who bought the stock days after the IPO will not enjoy the same return. And if markets panic on FROG stock valuations, latecomers are at risk of paper losses. Source: Michael Vi / Shutterstock.com DevOps is a technology leader whose market size will continue expanding. On that basis, investors should consider...

(Bloomberg) -- U.S. and European equity futures fell with Asian stocks and the dollar climbed after President Donald Trump said he had tested positive for the coronavirus.Trump said that both he and the First Lady Melania Trump tested positive and that they will now quarantine themselves. They were tested after Hope Hicks, one of his closest aides, returned a positive result for Covid-19. The yen and Treasuries, often seen as havens in times of market stress, rose. Nasdaq futures were 2% lowe...

(Bloomberg) -- U.S. President Donald Trump said he and First Lady Melania Trump have tested positive for Covid-19. Trump said in a tweet they will begin “quarantine and recovery process immediately.” The president was tested after Hope Hicks, one of his closest aides, was found to have been infected. The news hit financial markets, with U.S. and European equity futures falling along with Asian stocks.India’s death toll rose to almost 100,000, while Germany reported its largest number of new c...

(Bloomberg) -- U.S. index futures dropped after President Donald Trump announced Friday that he and First Lady Melania Trump had tested positive for Covid-19, sparking a selloff in riskier assets.December contracts on the S&P 500 fell 1.6% as of 7:05 a.m. in London, after sliding as much as 2%. Futures on the Dow Jones Industrial Average dropped 1.7% and those on the Nasdaq 100 Index lost 1.9%. In a memo released early Friday morning in the U.S., Trump’s physician said that the president and ...

Shares of Twilio soared 9.8% in Thursday's extended trading session after the company said revenues for the quarter ended September 30, 2020 (third-quarter) will be higher than its previously announced guidance.In an SEC filing, Twilio (TWLO) said “that it preliminarily expects that total revenue for the quarter ended September 30, 2020 will be ahead of the Company’s previously issued guidance of $401 million to $406 million.” Wall Street analysts are projecting 3Q revenues of $403.7 million,...

The question is not whether the state picks losers, but whether government failure is better – or worse – than the market failure it seeks to correctRichard Nixon, a Republican president, apparently declared in 1971 that “we are all Keynesians now”. Mr Nixon seemed to admit that a serious shift in thought on the right of politics had occurred. But the decades of Thatcherism and Reaganism proved it to be a rhetorical move, not an ideological one. Rishi Sunak, the Conservative chancellor, attem...

Doug Simpson, Dr Nicholas Falk and Susan Zagor respond to an article by Martin Kettle on the polarisation of politics. Plus Terry Ward on Labour’s source of inspirationPerhaps the liberal democratic managed capitalism desired by Martin Kettle did exist in the 1950s, including the new welfare state in the UK (The toxic polarisation of our politics can be reversed, but it will take humility, 26 November). It didn’t prove robust – the Conservatives moved to the right and embraced free-market cap...

Stamp duty cut contributes to property boom but Britons cautious about credit card debtUK mortgage approvals reached their highest level in 13 years last month as tighter Covid-19 restrictions failed to dent strong demand for home loans.Figures from the Bank of England showed there were 97,500 loans approved by lenders in October – the highest figure since September 2007, the month at the start of the financial crisis when queues formed outside branches of Northern Rock. Continue reading...

Rolling coverage of the latest economic and financial newsLatest: Mike Ashley offers £50m emergency loanIntroduction: Philip Green’s Arcadia on the brinkFears over pensions black holeNovember has been best month for markets ever 7.48am GMT My colleague Zoe Wood has analysed how Sir Philip Green’s empire, which once dominated the high street, is now teetering on the edge of administration.The 68-year-old businessman has been trying to extricate himself from Arcadia without loss of face for som...