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Friday, October 18, 2019

Tag: Wall Street

Trade war hasn’t stopped Wall Street’s US$9 billion China rush

Foreign banks and securities companies could rake in profits of about US$9 billion a year in China by 2030.

Dow posts biggest one-day drop since October as recession fears take...

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.

Wall Street stocks tumble on worsening US-China trade war

About 20 minutes into trading, the Dow Jones Industrial Average was down about 500 points, or 1.9%, at 25,983.81.

US stocks fall, dollar rallies on cloudy US Fed outlook after...

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.'

Citigroup plans to cut hundreds of trading jobs

The New York-based bank plans to slash jobs across its fixed-income and stock-trading operations over the course of 2019.

Wall Street gains on robust Coca-Cola, United Tech earnings

Coca-Cola shares rise by 4.9%, the most among stocks listed on the Dow Jones index.

Iran tanker seizure lifts oil prices, dents US stocks

Wall Street stocks fell decisively after Iran's Revolutionary Guards announced they had confiscated a British tanker in the strategic Strait of Hormuz.

Wall St notches all-time highs on lingering rate-cut optimism

All three major indexes post record closing highs as firm expectations for a Fed-approved interest-rate cut continue to propel shares.

Apple caution grows as sell ratings hit multi-decade record

Apple is facing one of its most challenging times and Wall Street is quite pessimistic about the company's performance.

Wall Street drops as strong jobs report cools rate cut hopes

The United States job growth in June has caused its stocks to lose ground on Friday.

US futures, Europe stocks gain before jobs data

US stock futures and European shares edge higher in a lacklustre session marked by thin trading volumes thanks to the American holiday.

Dow, S&P 500, Nasdaq end at records ahead of July 4...

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.

On cue, Wall Street challenges Bernie Sanders’s trading tax plan

Analysts warns that Bernie Sanders's plan could make markets more volatile and that the costs would ultimately be borne by American households.

US stocks edge up ahead of data, G20

About 15 minutes into trading, the Dow Jones Industrial Average stood at 26,786.82, up 0.3%.

Wall Street edges lower on China economy woes, tech outlook

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.

Uber’s first earnings will test how well it manages expectations

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.

Wall Street slides as trade tensions fuel growth fears

Growing fears are sending investors to the safety of government bonds as trade tensions between the United States and China escalate further.

US stocks decline amid trade uncertainty

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.

Wall St. gains as trade optimism trumps dim economic data

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.

Meat based alternatives gain new popularity

The companies are banking on changing dietary habits of part of the population limiting meat consumption for environmental, health or animal rights reasons.

US bank execs say Wall Street has reformed, though crisis scars...

There was also an acknowledgement that scars from the crisis linger, and that many consumers still have a negative perception of the financial industry.

A Federal Reserve beholden to markets is all bulls care about

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.

Wall Street gains on US-China trade optimism

The benchmark S&P is now just about 4% away from its record closing high in September.

Wall Street treads water amid trade, corporate worries

About an hour into the day's trading, the benchmark Dow Jones Industrial Average was essentially flat at 25,695.29.