Markets & Economy
Bailout or bust£ Alitalia divides a nation, paralyzes Rome
Sat, 29 Apr 2017 14:53:51 +0100
ROME/MILAN (Reuters) - Italians are watching their flag carrier Alitalia go into yet another financial tailspin, and a growing number of them believe it would be better for the country if it crashed.
Zalando ponders opening stores in major cities: Manager Magazin
Sat, 29 Apr 2017 09:54:11 +0100
BERLIN (Reuters) - Online fashion retailer Zalando is pondering opening stores in major cities such as London, Paris or Berlin, the company's co-chief executive told Germany's Manager Magazin.
Google gets Australian tax office demand to pay more, says to fight it
Sat, 29 Apr 2017 07:48:47 +0100
SYDNEY (Reuters) - Alphabet Inc's Google said it will challenge amended tax assessments issued by the Australian Taxation Office (ATO), which is trying to claw back billions of dollars from multinational corporations citing unpaid taxes.
Amazon's moves beyond retail get Wall Street thumbs up, for now
Sat, 29 Apr 2017 03:22:23 +0100
SAN FRANCISCO (Reuters) - Amazon.com Inc's ventures far beyond online retail, from cloud computing to movie making, are raising questions among corporate strategy experts about its focus.
NRG director wins strong shareholder support despite NYC opposition
Sat, 29 Apr 2017 01:34:59 +0100
BOSTON (Reuters) - A director at NRG Energy Inc was elected to its board with a strong margin of votes cast, a securities filing showed on Friday, overcoming concerns about his comments on climate...
U.S. Congress passes short-term bill to avert government shutdown
Sat, 29 Apr 2017 00:49:40 +0100
WASHINGTON (Reuters) - The Republican-led Congress averted a U.S. government shutdown on Friday and gave lawmakers another week to work out federal spending through Sept. 30, with tricky issues like defense spending still unresolved.
Tesla must complete brake fix to regain top safety rating: Consumer Reports
Sat, 29 Apr 2017 00:23:11 +0100
DETROIT (Reuters) - Tesla Inc needs to complete fixing its Model S sedan emergency braking system to regain Consumer Reports' top safety rating, the magazine said on Friday, noting that a recent update by the luxury electric car maker was not enough.
Canada shouldn't be able to 'change the rules on us,' US Dairy Export Council president says
Sat, 29 Apr 2017 00:04:00 +0100
Trade negotiations with Mexico and Canada shouldn't "backtrack" on the important achievements of NAFTA, Vilsack says.
Shaw Communications explores selling ViaWest: sources
Fri, 28 Apr 2017 23:05:53 +0100
(Reuters) - Shaw Communications is looking for a buyer for ViaWest, the U.S. data center company it bought three years ago, according to people familiar with the matter, as the Canadian cable company continues to shed assets it considers non-core.
Lockheed wins $1.38 billion F-35 jet contract: Pentagon
Fri, 28 Apr 2017 22:41:00 +0100
The advance acquisition contract covers long-lead time materials, parts, components and work for low-rate initial production of the fighter jets.
NSA to stop collecting some internet communications
Fri, 28 Apr 2017 21:32:00 +0100
The move is being applauded by privacy advocates.
Major Averages Close Lower On The Day But Higher For The Week - U.S. Commentary
Fri, 28 Apr 2017 21:15:28 +0100
Stocks turned in a relatively lackluster performance during trading on Friday before ending the session modestly lower. The tech-heavy Nasdaq reached a new record intraday high in early trading but pulled back into negative territory.
U.S. first quarter growth weakest in three years as consumer spending falters
Fri, 28 Apr 2017 20:55:10 +0100
WASHINGTON (Reuters) - The U.S. economy grew at its weakest pace in three years in the first quarter as consumer spending almost stalled, but a surge in business investment and wage growth suggested activity would regain momentum as the year progresses.
In first 100 days, a reversal of fortune for Trump favorites on Wall Street
Fri, 28 Apr 2017 20:02:57 +0100
SAN FRANCISCO (Reuters) - A funny thing happened on Wall Street in Donald Trump's first 100 days in the White House: Shares of companies that got closest to the president lagged the market's march higher.
Op-Ed: I once got a $2 million bonus — and I was never more miserable
Fri, 28 Apr 2017 19:51:00 +0100
Former Wall Street trader Turney Duff now has four "pillars of happiness" — and none of them are money.
U.S. economic growth slower than France, 'terrible': BlackRock's Fink
Fri, 28 Apr 2017 19:35:15 +0100
CHICAGO (Reuters) - BlackRock Inc Chief Executive Officer Larry Fink on Friday sounded another warning on the U.S. economy after the government reported anemic growth in the first quarter.
Pimco shutters RAE Worldwide Fundamental Advantage PLUS Fund
Fri, 28 Apr 2017 19:16:24 +0100
NEW YORK (Reuters) - Pacific Investment Management Co on Friday liquidated its RAE Worldwide Fundamental Advantage PLUS Fund, a global-neutral fund which had more than $4 billion in assets under...
U.S. gasoline demand falls for second straight month: EIA
Fri, 28 Apr 2017 19:02:07 +0100
NEW YORK (Reuters) - U.S. gasoline demand fell 2.4 percent in February from a year earlier, the second straight monthly decline, according to data released on Friday by the U.S. Energy Information Administration that suggested the market may have trouble repeating last year's record volumes.
Former President George H.W. Bush Released From Hospital
Fri, 28 Apr 2017 18:54:52 +0100
Former President George H.W. Bush was discharged from Houston Methodist Hospital on Friday after being treated for a mild case of pneumonia and chronic bronchitis.
Congress Avoids Government Shutdown With Stopgap Spending Bill
Fri, 28 Apr 2017 18:30:26 +0100
With a midnight deadline looming, members of both houses of Congress voted Friday to approve a temporary spending bill to avoid a government shutdown. The Senate approved the spending bill by voice vote not long after the House voted 382 to 30 in favor of the legislation.
UBS's U.S. wealth business sees profits rise on client activity, lower recruiting
Fri, 28 Apr 2017 17:50:20 +0100
NEW YORK (Reuters) - Swiss bank UBS AG reported Friday that profits for its Wealth Management Americas business rose 8 percent over last year as higher operating income, client activity and cuts to...
GoPro stock slides after shipments data fall short, but CEO says market is 'far from saturated'
Fri, 28 Apr 2017 17:29:00 +0100
"We have a very strong product roadmap both in hardware and in software," CEO Nick Woodman says.
Tech CEOs may have bashed Trump — but their stocks performed best in his first 100 days
Fri, 28 Apr 2017 17:21:00 +0100
Tech shares have risen more than banks, utilities, health firms, energy companies or consumer brands.
All in on tech: Investors own more technology stocks now than they have in at least 9 years
Fri, 28 Apr 2017 17:13:00 +0100
More managers are more overweight the tech sector today than they have been in a long time.
Stocks Seeing Modest Weakness In Mid-Day Trading - U.S. Commentary
Fri, 28 Apr 2017 16:53:15 +0100
After showing a lack of direction earlier in the session, stocks have moved modestly lower over the course of the trading day on Friday. The tech-heavy Nasdaq has pulled back into negative territory after hitting a record intraday high.
BlackRock's Fink a 'big believer' in Wells Fargo CEO
Fri, 28 Apr 2017 16:48:38 +0100
CHICAGO (Reuters) - BlackRock Inc Chief Executive Officer Larry Fink said on Friday he is a "big believer" in Wells Fargo & Co Chief Executive Tim Sloan and that the scandal-hit bank is now on a good...
Southwest Ending Practice Of Overbooking
Fri, 28 Apr 2017 16:15:17 +0100
Southwest Airlines Co. has decided to end the practice of overbooking flights, the airline's CEO Gary Kelly said Thursday. The airline's plan to end overbooking could be implemented from May 8, according to a Southwest spokeswoman.
Beyonce Announces Scholarships To Mark 'Lemonade' Anniversary
Fri, 28 Apr 2017 16:07:14 +0100
Beyonce has announced scholarships for young women to mark the celebration of the one-year anniversary of her super hit visual album "Lemonade."
Major Averages Showing Modest Moves In Morning Trading - U.S. Commentary
Fri, 28 Apr 2017 15:47:15 +0100
Stocks are showing a lack of direction in morning trading on Friday, extending the lackluster performance seen over the two previous sessions. The tech-heavy Nasdaq has pulled back near the unchanged line after initially jumping to a new record intraday high.
Consumer sentiment rose in April, but fell short of Wall Street's expectations
Fri, 28 Apr 2017 15:42:00 +0100
Economists expected the University of Michigan's Consumer Sentiment Index to hit 98 in April, according to Thomson Reuters.
U.S. Consumer Sentiment Nearly Unchanged In April
Fri, 28 Apr 2017 15:35:40 +0100
After initially reporting an improvement in U.S. consumer sentiment in the month of April, the University of Michigan released revised data on Friday showing that sentiment was nearly flat. The report said the consumer sentiment index for April was downwardly revised to 97.0 from the preliminary reading of 98.0.
Uber's Self-Driving Head Out Amid Waymo Lawsuit
Fri, 28 Apr 2017 15:35:21 +0100
Anthony Levandowski, the head of Uber's self-driving division, is stepping away from his role as Uber continues a legal battle with Waymo, Levandowski's former employer. Levandowski, who founded startup Otto, became head of Uber's Advanced Technologies Group or ATG after Otto was acquired by Uber in August 2016.
Chicago Business Barometer Unexpectedly Indicates Faster Growth In April
Fri, 28 Apr 2017 15:15:13 +0100
A report released by MNI Indicators on Friday showed an unexpected acceleration in the pace of growth in Chicago-area business activity in the month of April. MNI Indicators said its Chicago business barometer rose to 58.3 in April from 57.7 in March, with a reading above 50 indicating growth.
Google's VR Hamilton Experience For Students
Fri, 28 Apr 2017 15:11:30 +0100
With Google's $15 cardboard viewer, a smartphone and various virtual realty images, students of Oakland made a real-like journey to historic sites and experienced the life of Alexander Hamilton, one of the founding fathers of U.S.
Eurozone Inflation Climbs To ECB Target
Fri, 28 Apr 2017 14:50:55 +0100
Eurozone inflation accelerated more-than-expected in April, returning within the European Central Bank's target of 'below, but close to 2 percent', preliminary estimate from Eurostat showed on Friday. Elsewhere, results of an ECB survey showed that professional forecasters expect euro area consumer prices to rise faster than earlier expected, though core inflation was seen to rise slowly.
Trump Warns Of Major Conflict With North Korea
Fri, 28 Apr 2017 14:48:39 +0100
President Donald Trump has warned the U.S. could face a major conflict with North Korea over its nuclear and missile programs. "There is a chance that we could end up having a major, major conflict with North Korea. Absolutely," Trump said in an interview with Reuters.
Shares of Time Inc plunge 19% after company drops plan to sell itself
Fri, 28 Apr 2017 14:40:00 +0100
Time Inc said on Friday it had evaluated potential offers but decided to pursue its own strategic plan, sending its shares tumbling more than 20 percent.
Goldman Sachs shareholders approve executive pay plan
Fri, 28 Apr 2017 14:16:00 +0100
This vote was notably different than that of last year, when only 66 percent of shareholders voted in favor of Goldman's "say on pay."
U.S. Economic Growth Slows More Than Expected In Q1
Fri, 28 Apr 2017 14:09:48 +0100
Economic growth in the U.S. slowed by more than anticipated in the first three months of 2017, according to a report released by the Commerce Department on Friday. The Commerce Department said gross domestic product increased by 0.7 percent in the first quarter after jumping by 2.1 percent in the fourth quarter.
Trump Comments, Weak GDP Data, Mixed Earnings May Lead To Choppy Trading
Fri, 28 Apr 2017 13:57:16 +0100
The major U.S. index futures are pointing to a roughly flat opening on Friday, as traders digest comments from President Donald Trump as well as the latest U.S. economic data.
ECB Forecasters Revise Up Growth & Inflation Expectations
Fri, 28 Apr 2017 13:54:43 +0100
Professional forecasters expect euro area consumer prices to rise faster than earlier expected, though core inflation was seen to pick up only slowly, results of a survey by the European Central Bank showed Friday.
Futures Pointing To Roughly Flat Open On Wall Street - U.S. Commentary
Fri, 28 Apr 2017 13:53:17 +0100
Stocks may show a lack of direction in early trading on Friday as traders digest comments from President Donald Trump and U.S. economic data. The major index futures are currently pointing to a roughly flat open for the markets, with the Dow futures up by just 20 points.
Electrolux Stock Up On Higher Q1 Results
Fri, 28 Apr 2017 13:47:17 +0100
Shares of Electrolux AB were gaining around 5 percent in the trading in Sweden after the home appliances giant reported higher profit and sales in its first quarter. President and CEO Jonas Samuelson said, "We will continue to drive profitable growth by creating best-in-class consumer experiences which are supported by innovation and operational excellence."
UK Growth At 1-Year Low As 'Brexit' Weighs On Spending
Fri, 28 Apr 2017 13:44:14 +0100
The U.K. economy expanded the least in a year at the start of 2017, reflecting a notable slowdown in the service sector as consumers curbed their spending amid the Brexit uncertainty and rising inflation. Gross domestic product grew only 0.3 percent in the first quarter from the previous three months, preliminary estimates from the Office for National Statistics showed Friday.
U.S. GDP Increases Less Than Expected In Q1
Fri, 28 Apr 2017 13:37:27 +0100
Economic growth in the U.S. slowed by more than anticipated in the first three months of 2017, according to a report released by the Commerce Department on Friday.
GM Q1 Results Climb, Top Estimates; Backs FY17 Adj. EPS View
Fri, 28 Apr 2017 13:31:12 +0100
Automaker General Motors Co. reported Friday significantly higher profit in its first-quarter with strong growth in automotive and financial sales and higher volume. Earnings per share and revenues topped market estimates. Further, the company backed its fiscal 2017 adjusted earnings view. In pre-market activity on the NYSE, GM shares were gaining 1.94 percent.
Exxon Mobil Q1 Profit Beats Estimates; Upstream Volumes Down 4%
Fri, 28 Apr 2017 13:25:36 +0100
Exxon Mobil Corp. (XOM) reported estimated first-quarter net income to company of $4.01 billion, or $0.95 per share, compared with $1.81 billion or $0.43, a year earlier, resulting from improvements in commodity prices, cost management and refining operations. On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $0.84 for the quarter. Analysts' estimates typically exclude special items.
Sweden Retail Sales Growth Eases Unexpectedly
Fri, 28 Apr 2017 13:17:41 +0100
Sweden's retail sales growth eased unexpectedly in March, after accelerating in the previous two months, data from Statistics Sweden showed Friday.
Hungary PPI Climbs For Fourth Month
Fri, 28 Apr 2017 13:05:21 +0100
Hungary's producer prices increased for the fourth straight month in March, figures from the Hungarian Central Statistical Office showed Friday.
Ireland Retail Sales Decline In March
Fri, 28 Apr 2017 12:52:16 +0100
Ireland's retail sales decreased in March after rising in the previous two months, preliminary figures from the Central Statistics Office showed Friday.
Austria GDP Growth Slows In Q1
Fri, 28 Apr 2017 12:40:57 +0100
Austria's economic growth slowed in the first quarter after stabilizing in the final three months of 2016, preliminary data from the Austrian Institute of Economic Research/WIFO showed Friday.
Portugal Jobless Rate Falls Slightly In March
Fri, 28 Apr 2017 12:35:49 +0100
Portugal's unemployment rate decreased marginally in March, preliminary figures from Statistics Portugal showed Friday.
Street Might Open Moderately Higher
Fri, 28 Apr 2017 12:25:00 +0100
Amid political uncertainties around North Korea, the market is eagerly waiting for the latest developments. First quarter GDP details to be published this morning is a key focus for the day, with consensus for a growth. Insights from early trading in U.S. future index point to a higher opening on Wall Street. Asian shares closed mixed, while European shares are trading without a proper direction.
Russia CB Cuts Key Interest Rate By 50 Bps
Fri, 28 Apr 2017 12:22:36 +0100
Russia's central bank slashed its key interest rate by a larger-than-expected 50 basis points on Friday, citing the economic recovery, and maintained that there was room for more reduction before the end of the year.
Lithuania GDP Growth Improves In Q1
Fri, 28 Apr 2017 12:22:06 +0100
Lithuania's economic growth accelerated for the second straight quarter in the three months ended March, preliminary figures from the Department of Statistics showed Friday.
Italy Inflation Accelerates More Than Expected In April
Fri, 28 Apr 2017 11:53:47 +0100
Italy's consumer price inflation accelerated at a faster-than-expected pace in April, preliminary figures from the statistical office Istat showed Friday.
UK Mortgage Approvals At 4-month Low
Fri, 28 Apr 2017 11:21:05 +0100
UK home loan approvals declined more-than-expected to its lowest level in four months in March, figures from the British Bankers' Association showed Friday.
European Shares Mixed Amid Earnings Deluge
Fri, 28 Apr 2017 10:50:48 +0100
European stocks were mixed on Friday as U.S. President Donald Trump warned of a major conflict with North Korea and investors digested a raft of corporate earnings reports.
Electrolux chief hails consumer confidence, lower interest rates for profits
Fri, 28 Apr 2017 10:32:00 +0100
Lower interest rates and increased consumer demand helped Electrolux beat analyst forecasts and report better than expected first quarter earnings, CEO Jonas Samuelson told CNBC .
Turkey Trade Deficit Narrows In March
Fri, 28 Apr 2017 10:28:36 +0100
Turkey's foreign trade deficit decreased in March from a year ago, as exports grew faster than imports, figures published by the Turkish Statistical Institute showed Friday.
Asian Shares Mixed On North Korea Jitters
Fri, 28 Apr 2017 09:36:26 +0100
Asian stocks ended on a cautious note on Friday, with a mixed bag of U.S. earnings and U.S. President Donald Trump's warning of a "major, major conflict" between the U.S. and North Korea weighing on markets.
Eurocoin Indicator Drops For Second Straight Month
Fri, 28 Apr 2017 09:14:29 +0100
A measure reflecting the current economic situation in euro area declined for a second straight month in April, the Bank of Italy said Friday.
Sanofi Stock Up As Q1 Profit Surges On Merial Disposal; Backs FY17 View
Fri, 28 Apr 2017 09:12:49 +0100
Shares of Sanofi SA were gaining around 2 percent in the early morning trading in Paris after the French drug giant reported significantly higher profit in its first quarter, benefited by 4.4 billion euros gains from the disposal of its Merial animal healthcare unit and higher sales. For fiscal 2017, Sanofi said it continues to expect Business earnings per share to be stable to negative 3 percent.
French Consumer Spending Falls Further In March
Fri, 28 Apr 2017 08:48:07 +0100
France's consumer spending decreased for the second straight month in March, defying economists' expectations for an increase, figures from the statistical office INSEE showed Friday.
Italy's center left needs new leadership, not Renzi: Italian lawmaker
Fri, 28 Apr 2017 08:37:00 +0100
Roberto Speranza, a former Italian Democratic Party politician and now leader of the breakaway Democratic and Progressive Movement, discusses former Prime Minister Matteo Renzi.
Swiss KOF Leading Indicator Declines Unexpectedly In April
Fri, 28 Apr 2017 08:33:01 +0100
A measure signaling future turning points in the Swiss economy declined unexpectedly in April to a three-month low, yet the reading remained above average, suggesting sustained momentum in the economy, survey results from the KOF Swiss Economic Institute showed Friday.
UBS Stock Up On Higher Q1 Profit; Net Interest Income Edges Down
Fri, 28 Apr 2017 08:23:23 +0100
Shares of UBS Group AG were gaining around 4 percent in the early morning trading after the Swiss banking giant reported Friday significantly higher profit in its first quarter, despite weakness in net interest income. The company also proposed a dividend. Looking ahead, UBS said it is well positioned to mitigate various market challenges...
Software and hardware both remain important for Microsoft
Fri, 28 Apr 2017 07:37:00 +0100
CNBC's Arjun Kharpal discusses Microsoft's earnings, saying that the company faces increasing competition from hardware giants like Apple, Samsung and now Huawei.
Norway Retail Sales Rise Slightly In March
Fri, 28 Apr 2017 07:36:39 +0100
Norway's retail sales increased for the third successive month in March, though marginally, figures from Statistics Norway showed Friday.
S. Africa Money Supply Growth Eases For Second Month
Fri, 28 Apr 2017 07:22:51 +0100
South Africa's money supply growth eased for the second straight month in March, figures from the South African Reserve Bank showed Friday.
UK House Prices Inflation Tumbles To Near 4-year Low - Nationwide
Fri, 28 Apr 2017 07:17:39 +0100
UK house prices unexpectedly fell for a second straight month in April, driving the annual pace of growth to its lowest level in nearly four years, signaling that Britons may be tightening the purse strings due to a squeeze on real incomes.
European Shares Seen Lower After Trump Comments
Fri, 28 Apr 2017 07:02:11 +0100
European stocks are poised to open lower on Friday after U.S. President Donald Trump warned about a "major, major conflict" between the U.S. and North Korea.
Singapore PPI Climbs At Slower Rate In March
Fri, 28 Apr 2017 06:59:25 +0100
Singapore's producer prices increased at a slower rate in March, figures from the Department of Statistics showed Friday.
Protests take center stage during Trump’s first 100 days in office
Fri, 28 Apr 2017 06:43:00 +0100
CNBC takes a look at some of the biggest protests that made headlines during Trump's first 100 days in office.
UBS' good numbers have been a long time coming: GAM
Fri, 28 Apr 2017 06:14:00 +0100
Xavier Van Hove, investment director for global equities at GAM, discusses the Swiss bank's results and the European banking space more broadly.
Mexican peso is up year to date after Trump-related volatility: Pro
Fri, 28 Apr 2017 06:14:00 +0100
Juan Sartori, president and founder of the Union Group, discusses U.S. President Donald Trump's decision to not terminate NAFTA negotiations.
Brussels to be Renzi's last stop before party leadership vote
Fri, 28 Apr 2017 06:14:00 +0100
CNBC's Willem Marx updates on the latest following Matteo Renzi's bid to become leader of his Democratic Party once again.
Don't be complacent about a Macron win: UBS CEO
Fri, 28 Apr 2017 06:14:00 +0100
UBS CEO Sergio Ermotti discusses his view on Emmanuel Macron, centrist candidate in the French presidential election.
Political risk, seasonality play into UBS CEO's caution
Fri, 28 Apr 2017 06:14:00 +0100
CNBC's Carolin Roth reports from Switzerland on UBS' latest earnings.
Barclays first quarter profit more than doubles, leadership questions remain
Fri, 28 Apr 2017 06:14:00 +0100
Xavier Van Hove, investment director for global equities at GAM, discusses Barclays latest earnings and business strategy.
Amazon faces 'content spending war'
Fri, 28 Apr 2017 06:14:00 +0100
CNBC's Arjun Kharpal discusses Amazon's business strategy, saying that the company is facing a "content spending war" with Apple, Netflix and the like.
Macron could make great promises, but not do much: Strategist
Fri, 28 Apr 2017 06:14:00 +0100
Simon Derrick, chief currency strategist at BNY Mellon, discusses a potential French presidency under En Marche! candidate Emmanuel Macron.
Rise in rig count has caused OPEC soul searching: Pro
Fri, 28 Apr 2017 06:14:00 +0100
Christyan Malek, head of EMEA oil and gas research at JP Morgan, discusses the potential for OPEC to renew its existing output cut.
Matteo Renzi has party leadership vote wrapped up: Pro
Fri, 28 Apr 2017 06:14:00 +0100
Marco Elser, head portfolio manager at Lonsin Capital, discusses former Italian Prime Minister Matteo Renzi's chances of becoming the leader of his party again.
Market reacts to Trump's actions, rather than words: BNY Mellon
Fri, 28 Apr 2017 06:14:00 +0100
Simon Derrick, chief currency strategist at BNY Mellon, discusses U.S. President Donald Trump's leadership since taking office in January.
European markets open lower; Danske Bank, UBS, Barclays to report
Fri, 28 Apr 2017 06:14:00 +0100
European markets opened slightly lower as investors concentrated on new earnings reports and geopolitical tensions.
All geographies contributing to positive results: UBS CEO
Fri, 28 Apr 2017 06:14:00 +0100
UBS CEO Sergio Ermotti discusses earnings and client confidence, saying that U.S. customers, in particular, are waiting on political uncertainty.
Singapore Q1 Jobless Rate Rises Unexpectedly
Fri, 28 Apr 2017 05:51:50 +0100
Singapore's unemployment rate increased unexpectedly in the three months ended March, though marginally, the Ministry of Manpower reported Friday.
European Economics Preview: UK GDP Data Due
Fri, 28 Apr 2017 05:51:35 +0100
Quarterly national accounts from the UK and flash consumer prices from euro area are due on Friday, headlining a busy day for the European economic news.
Company Spotlight: LeMaitre
Fri, 28 Apr 2017 05:31:38 +0100
Shares of LeMaitre Vascular Inc. (LMAT) are up more than 27% over the last five trading days compared to a mere 5% gain recorded by iShares Dow Jones US Medical Device ETF during the same period.
Malaysia PPI Inflation Slows In March
Fri, 28 Apr 2017 05:20:13 +0100
Malaysia's producer price inflation eased in March, after accelerating in the previous four months, figures from the Department of Statistics showed Friday.
Taiwan Q1 GDP Growth Eases Less Than Forecast
Fri, 28 Apr 2017 05:10:39 +0100
Taiwan's economic growth moderated at a slower-than-expected pace in the three months ended March, after accelerating in the previous two quarters, preliminary figures from the Department of Statistics, Directorate General of Budget, Accounting & Statistics showed Friday.
Asian Markets Mixed Amid Cautious Trades
Fri, 28 Apr 2017 04:07:52 +0100
Asian stock markets are mixed on Friday, tracking the modest gains overnight on Wall Street and lower crude oil prices. Geopolitical concerns also weighed on investor sentiment after U.S. President Donald Trump warned that conflict with North Korea was possible, but would prefer a diplomatic solution.
Australia Q1 Producer Prices Add 0.5% On Quarter
Fri, 28 Apr 2017 03:15:25 +0100
Final demand producer prices in Australia picked up 0.5 percent on quarter in the first three months of 2017, the Australian Bureau of Statistics said on Friday - unchanged from the previous quarter.
Australia Q1 Producer Prices Gain 0.5% On Quarter
Fri, 28 Apr 2017 02:50:23 +0100
Final demand producer prices in Australia were up 0.5 percent on quarter in the first three months of 2017, the Australian Bureau of Statistics said on Friday - unchanged from the previous quarter.
Microsoft dips after revenue misses expectations
Thu, 27 Apr 2017 23:50:00 +0100
The company reported that revenue from its "more personal computing" segment, which includes Surface, badly missed estimates.
International stock funds attract $1.8 billion post-French election
Thu, 27 Apr 2017 23:49:49 +0100
NEW YORK (Reuters) - Investors ramped up their exposure to U.S.-based international-focused stock funds on relief that centrist Emmanuel Macron took the first round of voting in the French...
Intel shares fall 3% after missing expectations for key segment
Thu, 27 Apr 2017 22:39:00 +0100
Intel is expected to report first-quarter earnings after the bell Thursday.
United settles with passenger dragged off flight
Thu, 27 Apr 2017 21:42:00 +0100
As part of the deal, the settlement amount remains confidential.
Google Parent Alphabet Q1 Profit Rises - Update
Thu, 27 Apr 2017 21:26:06 +0100
Alphabet Inc. (GOOG, GOOGL), the parent company of Google, Thursday reported an increase in profit for the first quarter, driven largely revenue growth in search and advertising.
Stocks Manage To Close Mostly Higher, Nasdaq Sets Record High - U.S. Commentary
Thu, 27 Apr 2017 21:16:18 +0100
Stocks turned in a relatively lackluster performance during trading on Thursday but managed to end the day mostly higher. With the upward move on the day, the tech-heavy Nasdaq reached a new record closing high.
Under Armour shares surge 10% on smaller-than-expected loss
Thu, 27 Apr 2017 21:05:00 +0100
Although Under Armour posted its first-ever loss, it was not nearly as bad as some had feared, sending shares up sharply.
Goldman hopes high rates will lure consumers to online bank
Thu, 27 Apr 2017 20:30:12 +0100
(Reuters) - Goldman Sachs Group Inc plans to promote its high-interest bearing deposit products in a marketing push to consumers later this year as it looks to grow its online bank, Chief Strategy...
5 reasons analysts are still worried about Under Armour
Thu, 27 Apr 2017 19:34:00 +0100
Analysts raised key questions about the health of the company's brand during Under Armour's conference call Thursday morning.
Ryan: We Have Not Made Any Decisions On Vote On Healthcare Bill
Thu, 27 Apr 2017 18:39:41 +0100
House Speaker Paul Ryan, R-Wis., said Thursday that House Republican leaders have not made a decision when to vote on a revised healthcare bill.
United Airlines accounted for a third of animal deaths on U.S. flights in last 5 years
Thu, 27 Apr 2017 18:16:00 +0100
The death of a rabbit on a United flight comes soon after the carrier was under scrutiny for dragging a passenger off a flight, USA Today reports.
A pair of plastic pants from this retailer will set you back a cool $100
Thu, 27 Apr 2017 16:58:00 +0100
The women's jeans are titled "Clear Plastic Straight Leg Jeans."
Big hedge funds' assets edge lower in 2016: Billion Dollar Club survey
Thu, 27 Apr 2017 16:37:41 +0100
BOSTON (Reuters) - Assets managed by the largest hedge funds slipped in 2016 in their first calendar-year decline since the financial crisis, according to a survey released on Thursday by data and...
Pentagon probes Trump's ex-adviser Flynn over foreign payments
Thu, 27 Apr 2017 15:37:00 +0100
The Pentagon is probing whether Flynn "failed to obtain required approval" before getting paid by foreigners.
Activist ValueAct says invested in private equity pioneer KKR
Thu, 27 Apr 2017 15:31:40 +0100
NEW YORK (Reuters) - ValueAct Capital said it has invested in asset management group KKR & Co, as the $16 billion activist investment fund deepens its reach into the financial sector.
Futures Pointing To Higher Open On Upbeat Earnings News
Thu, 27 Apr 2017 13:58:13 +0100
The major U.S. index futures are pointing to a higher opening on Thursday, with stocks poised to move back to the upside after ending the previous session modestly lower. The markets may benefit from a positive reaction to the latest batch of earnings news.
Bitcoin breaches $1,300, now just $25 off all-time high
Thu, 27 Apr 2017 12:15:00 +0100
The price for Bitcoin broke through $1,300 on Thursday, near its all-time high, but investors are growing cautious.
More U.S. Social Security claimants see patience as a virtue
Thu, 27 Apr 2017 12:09:42 +0100
CHICAGO (Reuters) - Good things come to those who wait, the old saying goes. And more Americans are getting the message when it comes to claiming Social Security benefits.
Merkel warns Britons: don't delude yourself over Brexit
Thu, 27 Apr 2017 11:36:00 +0100
Angela Merkel told Britons not to delude themselves that they would continue to enjoy EU rights after Brexit.
France debates: did Le Pen or Macron win Whirlpool fight£
Thu, 27 Apr 2017 10:42:00 +0100
France is furiously debating who out of Marine Le Pen and Emmanuel Macron won "the battle of Whirlpool" on Wednesday.
We expect softer bookings due to Brexit: Norwegian CEO
Thu, 27 Apr 2017 09:17:00 +0100
Norwegian CEO Bjørn Kjos discusses earnings, adding that bookings for this summer look positive.
Sterling still vulnerable in the medium term: Strategist
Thu, 27 Apr 2017 09:12:00 +0100
Jane Foley, head of FX strategy at Rabobank, discusses how to trade sterling amid Brexit uncertainty and tactical voting campaigner Gina Miller explains why she is not standing as an MP.
Deutsche Bank's earnings show that clients are returning
Thu, 27 Apr 2017 08:30:00 +0100
CNBC's Annette Weisbach reports on Deutsche Bank's latest earnings, saying that "in essence, the bank is quite optimistic."
UK PM May has weakened Brexit negotiating position by calling election: Gina Miller
Thu, 27 Apr 2017 08:30:00 +0100
Gina Miller, co-founder of SCM Direct, discusses U.K. Prime Minister Theresa May's political strategy in calling this June's snap election.
European markets open lower; ECB meeting; Deutsche Bank, Lufthansa, Hermes to report
Thu, 27 Apr 2017 07:57:00 +0100
Markets in Europe opened lower as investors waited to hear from European Central Bank President Mario Draghi and digested fresh corporate earnings.
Deutsche Boerse to launch €200 million share buyback
Thu, 27 Apr 2017 07:57:00 +0100
Deutsche Boerse CFO Gregor Pottmeyer discusses his company's share buyback plan following a failed merger with the London Stock Exchange.
Deutsche Boerse pledges ‘targeted M&A’ with $218 million share buyback following LSE merger collapse
Thu, 27 Apr 2017 07:56:00 +0100
Deutsche Boerse's 200 million euro ($218 million) share buyback will be used to fund "organic growth and targeted mergers and acquisitions (M&A)".
Airbus Q1 profit slides on weak pricing, higher costs
Thu, 27 Apr 2017 06:36:00 +0100
Europe's Airbus on Thursday posted a steeper than expected 52 percent drop in first-quarter profit.
O'Reilly case shows traditional and new media face similar pressures: WPP CEO
Thu, 27 Apr 2017 06:15:00 +0100
WPP CEO Sir Martin Sorrell explains how Bill O'Reilly's dismissal from Fox News shows that issues faced by traditional, linear media are not so far removed from the brand safety challenges faced by the likes of Google and Facebook.
Overall it's been a difficult environment: WPP CEO
Thu, 27 Apr 2017 06:15:00 +0100
WPP CEO Sir Martin Sorrell discusses first-quarter earnings, saying that his business is doing "reasonably well" despite a "tough environment."
Renzi's PD leadership bid too early to call: Credit Suisse
Thu, 27 Apr 2017 06:15:00 +0100
Burkhard Varnholt, global deputy chief investment officer at Credit Suisse, discusses the potential for populism to once again rear its head in Europe.
Voting Sunday could spell Matteo Renzi's comeback
Thu, 27 Apr 2017 06:15:00 +0100
CNBC's Willem Marx reports from Rome on Matteo Renzi's bid to become leader of his center-left Democratic Party once again.
ECB expected to keep policy unchanged
Thu, 27 Apr 2017 06:15:00 +0100
Christel Aranda-Hassel, chief European economist at Mizuho, discusses her expectations of Thursday's European Central Bank monetary policy meeting.
Has Deutsche Bank fulfilled its promise to turn the business around£
Thu, 27 Apr 2017 06:15:00 +0100
CNBC's Annette Weisbach reports from Frankfurt on Deutsche Bank's first quarter results.
Unexpected leasehold provision in Taylor Wimpey statement
Thu, 27 Apr 2017 06:15:00 +0100
CNBC's Gemma Acton weighs in Taylor Wimpey's statement concerning customer disputes over leases, as well as the U.K. housebuilder space more broadly.
Google has to respond to brand safety challenge: WPP CEO
Thu, 27 Apr 2017 06:15:00 +0100
WPP CEO Sir Martin Sorrell discusses the challenges of advertising via social media and technology giants such as Google and Facebook.
A bad deal or no deal shouldn't be the only Brexit options: Gina Miller
Thu, 27 Apr 2017 06:15:00 +0100
Co-founder of SCM Direct Gina Miller discusses her 'Best for Britain' campaign for tactical voting which encourages support for candidates backing a soft Brexit.
Samsung Electronics sees stronger earnings from chips, phones after Q1 profit jump
Thu, 27 Apr 2017 01:22:00 +0100
Strong memory chip earnings propelled tech giant Samsung Electronics to its best quarterly profit in more than 3 years.
Macau market improving as Las Vegas Sands posts higher first-quarter earnings
Thu, 27 Apr 2017 01:12:00 +0100
Las Vegas Sands posted better first-quarter earnings, driven by gains from its Las Vegas operations an improving Macau.
How to trade the tax cut: 6 buys
Wed, 26 Apr 2017 23:59:00 +0100
The "Fast Money" traders discuss which stocks they expect to move higher after the Trump administration releases its tax plan.
Kevin O'Leary drops out of race to lead Canada's Conservative party
Wed, 26 Apr 2017 19:11:00 +0100
O'Leary said he can't win Quebec, so instead he will endorse candidate Maxime Bernier.
Pepsi doubles down on 'guilt-free' options in effort to boost sales
Wed, 26 Apr 2017 19:05:00 +0100
Pepsi wants to offer consumers more 'guilt-free' snack and drink options.
Read the White House memo on President Trump's proposed tax plan
Wed, 26 Apr 2017 18:55:00 +0100
Read the one-page memo from the White House on tax reform: "2017 Tax Reform for Economic Growth and American Jobs."
Mixed Earnings News May Lead To Flat Open On Wall Street
Wed, 26 Apr 2017 13:30:24 +0100
The major U.S. index futures are pointing to a roughly flat opening on Wednesday following the strong upward move seen over the two previous sessions. A lack of major U.S. economic data may keep traders on the sidelines as traders digest a mixed batch of quarterly results.
Why Trump's plan for corporate taxes is a 'magic unicorn'
Tue, 25 Apr 2017 15:46:00 +0100
A 15 percent corporate tax rate looks to be a non-starter on Capitol Hill.
March new home sales beat expectations, rise to 8-month high
Tue, 25 Apr 2017 15:24:00 +0100
Economists polled by Thomson Reuters expected new home sales of 590,000 units in March, down 0.5 percent from last month's figure of 592,000.
Consumer confidence dips in April, missing estimates
Tue, 25 Apr 2017 15:22:00 +0100
The index last climbed to 125.6 in March, according to monthly data from The Conference Board.
What would a government shutdown mean for you£
Tue, 25 Apr 2017 14:01:00 +0100
Here's what services would continue if the government fails to pass a new spending bill by Friday, USA Today reports.
Moving on up! US home prices climb at fastest pace in nearly 3 years
Tue, 25 Apr 2017 14:01:00 +0100
The index, which measures all nine U.S. census divisions, found that nationwide home prices rose 5.8 percent year-over-year in February.
Upbeat Earnings News May Lead To Strength On Wall Street
Tue, 25 Apr 2017 13:55:43 +0100
The major U.S. index futures are pointing to a sharply higher opening on Tuesday, with stocks poised to add to the strong gains posted in the previous session. Early buying interest may be generated in reaction to upbeat earnings news from a number of well known companies, including DuPont (DD), Caterpillar (CAT) and McDonald's (MCD).
The important things are more expensive than they were 10 years ago
Tue, 25 Apr 2017 13:45:00 +0100
Comparative prices have risen significantly in the past decade.
Here's why Trump appears OK with a higher near-term deficit, according to Commerce's Wilbur Ross
Tue, 25 Apr 2017 13:45:00 +0100
It appears President Trump would be open to "a little higher near-term deficit out of which we can grow," the Commerce secretary says.
Trump puts Canada on trade notice with a warning on dairy farming and a new tariff on lumber
Tue, 25 Apr 2017 13:12:00 +0100
The Lumber tariff shows how serious Trump is about enforcing trade rules, Commerce Secretary Wilbur Ross tells CNBC.
Why the partisan divide over the outlook for the economy worries Ben Bernanke
Tue, 25 Apr 2017 11:04:00 +0100
Republicans think the economy is surging. Democrats think a recession is imminent. When economics become politicized, it leads to bad policy.
Futures Pointing To Higher Open On Wall Street
Mon, 24 Apr 2017 14:55:42 +0100
The major U.S. index futures are pointing to a higher opening on Monday following the lackluster performance seen last Friday. The upward momentum comes as traders digest the results of the first round of voting in the French presidential election.
Trump suddenly finds himself needing the Fed he once loathed
Mon, 24 Apr 2017 13:26:00 +0100
Trump's relationship with the Fed is, to put it mildly, evolving.
US gas prices rise 3 cents over 2 weeks, to $2.46 a gallon
Mon, 24 Apr 2017 13:23:00 +0100
Industry analyst Trilby Lundberg of the Lundberg Survey said consumers could see price increases slow as crude oil costs drop.
Survey of economists finds optimism about growth prospects
Mon, 24 Apr 2017 13:13:00 +0100
Business economists are generally optimistic about the U.S. economy with most expecting stronger growth than last year's poor performance.
Upbeat Earnings News May Generate Continued Buying Interest
Fri, 21 Apr 2017 13:40:40 +0100
The major U.S. index futures are pointing to a slightly higher opening on Friday following the rally seen in the previous session. Early buying interest may be generated in reaction to the latest earnings news, including results from conglomerates General Electric (GE) and Honeywell (HON).
IMF's Lagarde: Far-right win in France would cause 'major disorder'
Thu, 20 Apr 2017 16:16:00 +0100
The IMFchief also says U.S. tax reform can benefit both the domestic and global economy if it is tailored correctly.
Ex-Fed Chairman Greenspan: Get rid of Dodd-Frank and watch economy and stocks soar
Thu, 20 Apr 2017 15:19:00 +0100
"If you get rid of Dodd-Frank, it's going to have a very significant positive impact," Alan Greenspan tells CNBC.
Weekly jobless claims rise, while continuing claims hit 17-year low
Thu, 20 Apr 2017 14:36:00 +0100
First-time claims for state unemployment benefits were expected to total 242,000 in the most recent week, up from the 234,000 claims reported for the previous week.
Clinton Treasury Secretary Rubin: Trump goal of over 3% economic growth is a 'long stretch'
Thu, 20 Apr 2017 14:04:00 +0100
Tax reform would provide "some stimulus" to get growth to about 2½ percent, Bill Clinton's Treasury secretary says.
Dow May Look To Reverse Recent Downward Trend
Thu, 20 Apr 2017 13:52:35 +0100
The major U.S. index futures are pointing to a higher opening on Thursday following the mixed performance seen in the previous session. Traders may look to pick up stocks at reduced levels following the recent downward trend by the Dow, which ended the previous session at its lowest closing level in two months.
Fed's Powell says parts of too-big-to-fail rules 'unnecessarily burdensome' and may not be needed at all
Thu, 20 Apr 2017 13:35:00 +0100
Powell said parts of too-big-to-fail regulations were "inappropriately applied to small and medium-sized" banks.
Fed should shed bonds soon, keep hiking rates: Rosengren
Wed, 19 Apr 2017 17:43:00 +0100
The Fed should begin shedding its bond holdings soon, Rosengren said
Futures Pointing To Early Strength On Wall Street
Wed, 19 Apr 2017 13:37:41 +0100
The major U.S. index futures are pointing to a higher opening on Wednesday after ending the previous session modestly lower. After disappointing earnings news from Goldman Sachs (GS) weighed on the markets on Tuesday, the markets may benefit from upbeat news from Morgan Stanley (MS).
Mortgage applications drop 1.8%, despite lowest interest rates since November
Wed, 19 Apr 2017 12:00:00 +0100
Fewer homebuyers jumped into the mortgage market last week even though interest rates hit their lowest levels since November.
Fed official backs bond pairing this year
Tue, 18 Apr 2017 14:32:00 +0100
Kansas City Fed President Esther George warns against waiting too long to "overheat" labor markets.
Industrial production climbed in March as manufacturing output dropped unexpectedly
Tue, 18 Apr 2017 14:15:00 +0100
The Federal Reserve announced Tuesday industrial production and capacity utilization for the month of March.
Geopolitical Concerns May Lead To Pullback On Wall Street
Tue, 18 Apr 2017 13:53:31 +0100
The major U.S. index futures are pointing to a lower opening on Tuesday following the rally seen in the previous session. Geopolitical concerns may weigh on the markets amid rising tensions with North Korea and uncertainty about the French presidential election.
US housing starts fall in March, permits rise
Tue, 18 Apr 2017 13:31:00 +0100
U.S. homebuilding fell as the construction of single-family homes in the Midwest recorded its biggest decline in three years, likely reflecting bad weather.
Homes this spring are selling faster than ever
Thu, 13 Apr 2017 16:54:00 +0100
Home sales jumped nearly 9 percent in March compared with March 2016, as the number of homes for sale plunged 13 percent.
Trump Comments On Dollar May Weigh On Wall Street
Thu, 13 Apr 2017 14:12:25 +0100
The major U.S. index futures are pointing to a lower opening on Thursday, with stocks poised to extend the drop seen over the two previous sessions. The downward momentum for the markets comes as the U.S. dollar has come under pressure following remarks by President Donald Trump.
Jobless claims show labor market remains strong despite a sharp slowdown in growth in March
Thu, 13 Apr 2017 13:31:00 +0100
The number of Americans filing for benefits fell last week, suggesting the labor market remains strong despite a sharp slowdown in job growth in March.
US producer prices post first drop in seven months
Thu, 13 Apr 2017 13:30:00 +0100
The U.S. Producer Price Index was expected to be unchanged in March, after rising 0.3 percent a month earlier.
Trump's budget director on what's on, and off, the table for cuts
Wed, 12 Apr 2017 20:47:00 +0100
Mick Mulvaney sat down over beers to discuss challenges facing him and the administration.
Fed's Kaplan says balance sheet plans won't shift rate hike path
Wed, 12 Apr 2017 17:17:00 +0100
The central bank's plans to begin trimming its $4.5 trillion balance sheet as soon as this year do not alter his view of the appropriate rate hike path.
Renters are staying put. Here's why
Wed, 12 Apr 2017 16:54:00 +0100
Some renters are staying where they are by necessity and some by choice — it depends on who is asking them.
Blue states would benefit most from Republican tax plan, study says
Wed, 12 Apr 2017 16:45:00 +0100
States that voted against President Trump are likely to benefit more from a GOP tax plan, according to a new analysis.
Stocks May Show A Lack Of Direction Amid Geopolitical Uncertainty
Wed, 12 Apr 2017 14:00:05 +0100
The major U.S. index futures are pointing to a roughly flat opening on Wednesday following the modest weakness seen in the previous session. Traders may be reluctant to make significant moves amid lingering geopolitical uncertainty as Secretary of State Rex Tillerson meets with Russian Foreign Minister Sergey Lavrov.
Choppy Trading May Remain Visible On Wall Street
Tue, 11 Apr 2017 14:03:09 +0100
The major U.S. index futures are pointing to a roughly flat opening on Tuesday following the lackluster performance seen in the previous session. A lack of major U.S. economic data may keep traders on the sidelines ahead of the upcoming Good Friday holiday on Friday.
Futures Pointing To Roughly Flat Open On Wall Street
Mon, 10 Apr 2017 13:55:29 +0100
The major U.S. index futures are pointing to a roughly flat opening on Monday, as traders may be reluctant to make any significant moves. Ahead of the Good Friday holiday, traders may stick to the sidelines early on amid a relatively quiet day on the U.S. economic front.
Disappointing Jobs Data May Weigh On Wall Street
Fri, 07 Apr 2017 13:59:35 +0100
The major U.S. index futures are pointing to a lower opening on Friday following the release of a report from the Labor Department showing much weaker than expected job growth in the month of March. Geopolitical concerns may also weigh on the markets after the U.S. launched a missile strike on a Syrian airbase overnight.
Trading May Be Subdued Ahead Of Jobs Report, Trump-Xi Meeting
Thu, 06 Apr 2017 13:54:30 +0100
The major U.S. index futures are pointing to a modestly higher opening on Thursday following the pullback seen late in the previous session. Positive sentiment may be generated by a report from the Labor Department showing a bigger than expected pullback in initial jobless claims in the week ended April 1st.
Upbeat Jobs Data May Lead To Early Strength On Wall Street
Wed, 05 Apr 2017 13:46:55 +0100
The major U.S. index futures are pointing to a higher opening on Wednesday following the release of a report from payroll processor ADP showing much stronger than expected private sector job growth in the month of March.
Uncertainty May Weigh On Wall Street Ahead Of Key Events
Tue, 04 Apr 2017 13:48:06 +0100
The major U.S. index futures are pointing to a lower opening on Tuesday, with stocks poised to add to the modest losses posted in the two previous sessions. Uncertainty may weigh on the markets ahead of some key events later this week, including the release of the closely watched monthly jobs report on Friday.
Futures Pointing To Roughly Flat Open On Wall Street
Mon, 03 Apr 2017 13:57:55 +0100
The major U.S. index futures are pointing to a roughly flat opening on Monday, the first trading day of the second quarter. Traders may be reluctant to make any significant moves ahead of the release of the closely watched monthly jobs report on Friday.
Uncertainty May Lead To Lack Of Typical End-Of-Quarter Window Dressing
Fri, 31 Mar 2017 13:52:46 +0100
The major U.S. index futures are pointing to another roughly flat opening on Friday, as uncertainty about President Donald Trump's policy agenda and developments overseas may keep some traders on the sidelines. Traders often use the final trading day of the quarter to do some "window dressing," but analysts have suggested the markets have already risen far enough.
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