Tag: Wall Street
Foreign banks and securities companies could rake in profits of about US$9 billion a year in China by 2030.
All three major US indexes close down about 3% as the US Treasury yield curve temporarily inverted for the first time in 12 years, triggering recession fears.
About 20 minutes into trading, the Dow Jones Industrial Average was down about 500 points, or 1.9%, at 25,983.81.
Stocks fall sharply midway through a subsequent news conference after Fed Chairman Jerome Powell said the US central bank did not expect a 'lengthy cutting cycle.'
The New York-based bank plans to slash jobs across its fixed-income and stock-trading operations over the course of 2019.
Coca-Cola shares rise by 4.9%, the most among stocks listed on the Dow Jones index.
Wall Street stocks fell decisively after Iran's Revolutionary Guards announced they had confiscated a British tanker in the strategic Strait of Hormuz.
All three major indexes post record closing highs as firm expectations for a Fed-approved interest-rate cut continue to propel shares.
Apple is facing one of its most challenging times and Wall Street is quite pessimistic about the company's performance.
The United States job growth in June has caused its stocks to lose ground on Friday.
US stock futures and European shares edge higher in a lacklustre session marked by thin trading volumes thanks to the American holiday.
Wall Street stocks surge to records in a holiday-shortened session as a plethora of mixed US economic data appears to boost the odds of a Federal Reserve interest rate cut.
Analysts warns that Bernie Sanders's plan could make markets more volatile and that the costs would ultimately be borne by American households.
About 15 minutes into trading, the Dow Jones Industrial Average stood at 26,786.82, up 0.3%.
Wall Street sags into the red on Friday but clung to slender gains for the week as investors were buffeted by an array of global uncertainties and risks.
The first-quarter net loss is expected to be US$1 billion to US$1.11 billion on revenue of US$3.04 billion to US$3.10 billion.
Growing fears are sending investors to the safety of government bonds as trade tensions between the United States and China escalate further.
The broad-based S&P 500 shed 0.4% to 2,864.09, while the Nasdaq Composite Index also dipped 0.4% to 7,863.76.
Following reports that US President Donald Trump would hold off on imposing tariffs on imported cars and parts, Wall Street's outlook turned positive and eased slowdown fears after discouraging economic data.
The companies are banking on changing dietary habits of part of the population limiting meat consumption for environmental, health or animal rights reasons.
There was also an acknowledgement that scars from the crisis linger, and that many consumers still have a negative perception of the financial industry.
While no one expects the Fed to raise rates, investors will be eyeing the dot plot and looking for more details on the balance sheet.
The benchmark S&P is now just about 4% away from its record closing high in September.
About an hour into the day's trading, the benchmark Dow Jones Industrial Average was essentially flat at 25,695.29.