Markets & Economy
Stymied by regulators, Airbnb looks to luxury vacations, hotels for growth
Thu, 22 Feb 2018 19:36:11 GMT
SAN FRANCISCO (Reuters) - Airbnb is rolling out new services aimed at attracting travelers looking for luxury accommodations and traditional hotels, the latest move to contend with sputtering growth in its original home-renting business.
BANCOLOMBIA: Net Income Falls 20.25% In 4Q17 To 902 Billion Pesos
Thu, 22 Feb 2018 19:34:26 GMT
Bancolombia reported a 902 billion pesos (US$ 313.6 million) net profit in the fourth quarter of 2017, a 20.25% decline compared to the same period of the previous year, in spite of an increase in net interest income and fee revenue.
Reverend Billy Graham To Lie In Honor In U.S. Capitol
Thu, 22 Feb 2018 19:13:25 GMT
Following his passing on Wednesday, the late Reverend Billy Graham will lie in honor in the U.S. Capitol Rotunda beginning next week, House Speaker Paul Ryan, R-Wis., announced on Thursday. A statement from Ryan said Graham will lie in honor in the Rotunda from Wednesday, February 28th until Thursday, March 1st.
Takata agrees to settle U.S. probe by 44 state AGs over deadly air bags
Thu, 22 Feb 2018 18:38:37 GMT
WASHINGTON (Reuters) - Takata Corp's U.S. unit agreed Thursday to settle a probe by 44 state attorneys general into claims it concealed a deadly safety defect with air bag inflators.
Five ways millennial caregivers can find help
Thu, 22 Feb 2018 18:29:31 GMT
NEW YORK (Reuters) - Amanda Singer had her plate full running a dance studio in Massachusetts.
Industrial, tech shares drive gains on Wall Street
Thu, 22 Feb 2018 18:22:55 GMT
(Reuters) - Gains in industrial and technology shares helped U.S. stocks rebound from a two-day fall on Thursday as investors shrugged off the prospects of more interest rate hikes this year.
President of Tezos Swiss foundation steps down
Thu, 22 Feb 2018 18:07:41 GMT
(Reuters) - The president of a Swiss foundation that conducted a $232 million online fundraiser for the embattled Tezos cryptocurrency project has stepped down, the foundation said in a statement on Thursday.
BMW settles U.S. claims it refused lease refunds to military personnel
Thu, 22 Feb 2018 18:07:02 GMT
(Reuters) - BMW AG agreed to pay more than $2.2 million to settle U.S. government claims that it failed to provide required refunds to 492 military personnel who lawfully terminated their vehicle leases because they were called to duty.
Koch group: Big tax breaks to lure Amazon’s second headquarters won't pay off
Thu, 22 Feb 2018 17:59:00 GMT
The policy director of a Koch-backed group discusses his opposition to local governments giving tax breaks to Amazon.
Chevrolet Bolt wins top 'green car' from Consumer Reports
Thu, 22 Feb 2018 17:53:12 GMT
WASHINGTON (Reuters) - Hyundai Motor Co's Genesis brand topped the annual ranking of new vehicles by influential U.S. magazine Consumer Reports, while General Motors Co's electric Chevrolet Bolt was named top pick for compact green car.
Toys are not us: Target investors
Thu, 22 Feb 2018 17:50:45 GMT
(Reuters) - Target Corp should hold off on plans to cash in on a perceived advantage in toys after the collapse of Toys "R" Us, several of the company's investors told Reuters, worried it could eat up capital desperately needed in an Amazon-dominated retail world.
Exclusive: As Trump trashes NAFTA, Mexico turns to Brazilian corn
Thu, 22 Feb 2018 17:02:53 GMT
CHICAGO/MEXICO CITY (Reuters) - Mexican buyers imported ten times more corn from Brazil last year amid concern that NAFTA renegotiations could disrupt their U.S. supplies, according to government data and top grains merchants.
Major Averages Climbing To New Highs For The Session - U.S. Commentary
Thu, 22 Feb 2018 16:59:02 GMT
After seeing early strength, stocks have seen further upside over the course of the trading session on Thursday. With the upward move on the day, the major averages have more than offset the weakness seen in the previous session.
U.S. jobless claims near 45-year low as economic outlook brightens
Thu, 22 Feb 2018 16:33:00 GMT
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell to a near 45-year low last week, pointing to strong job growth in February and solid momentum in the economy.
Norway's sovereign wealth fund buys 245 million pounds stake in UK's Shaftesbury
Thu, 22 Feb 2018 16:06:05 GMT
(Reuters) - The sovereign wealth fund of Norway bought a 245 million pounds ($342 million) stake in British property group Shaftesbury from Invesco, regulatory filings showed on Thursday.
Ford reshuffles executives after abrupt departure of U.S. chief
Thu, 22 Feb 2018 16:03:48 GMT
(Reuters) - Ford Motor Co on Thursday named company insider Kumar Galhotra as head of its North American operations, filling the gap left by the abrupt departure of Raj Nair after an internal investigation uncovered "inappropriate behavior" by the executive.
Most Voters Still Want Trump To Release Tax Returns
Thu, 22 Feb 2018 15:51:55 GMT
With tax season underway, the results of a Quinnipiac University National Poll showed that a majority of voters still want President Donald Trump to release his tax returns. Sixty-seven percent of voters said Trump should publicly release his tax returns, while just 24 percent said he should not.
Stocks Move Mostly Higher Amid Pullback By Treasury Yields - U.S. Commentary
Thu, 22 Feb 2018 15:45:03 GMT
Stocks have moved mostly higher in morning trading on Thursday following the pullback seen yesterday afternoon. The major averages have all climbed firmly into positive territory.
Amnesty Human Rights Report Accuses Trump Of 'hateful' Politics
Thu, 22 Feb 2018 15:13:15 GMT
In its annual assessment of human rights report published Thursday, Amnesty International has accused US President Donald Trump of playing "hateful" politics and posing a threat to human rights. The world is reaping the terrifying consequences of hate-filled rhetoric that threatens to normalize massive discrimination against marginalized groups, the prominent global human rights organization said
U.S. Leading Economic Index Jumps More Than Expected In January
Thu, 22 Feb 2018 15:12:06 GMT
Pointing to robust economic growth in the first half of 2018, the Conference Board released a report on Thursday showing a bigger than expected increase by its index of leading U.S. economic indicators in the month of January. The Conference Board said its leading economic index jumped by 1.0 percent.
U.S. Leading Economic Index Jumps More Than Expected In January
Thu, 22 Feb 2018 15:12:06 GMT
Pointing to robust economic growth in the first half of 2018, the Conference Board released a report on Thursday showing a bigger than expected increase by its index of leading U.S. economic indicators in the month of January. The Conference Board said its leading economic index jumped by 1.0 percent.
India's Nasscom, Canada's BRI Ink Deal To Build Blockchain Ecosystem In India
Thu, 22 Feb 2018 15:08:27 GMT
India's National Association of Software and Services Companies (Nasscom) and Canada's Blockchain Research Institute (BRI) signed a deal to "help foster blockchain innovation in India. The MoU was signed on the sidelines of the Nasscom India Leadership Forum and World Congress on Information Technology 2018 by Nasscom Chairman Raman Roy and BRI Co-Founder and Executive Don Tapscott.
Elon Musk takes a swipe at Uber's flying cars
Thu, 22 Feb 2018 14:29:00 GMT
Elon Musk compared Uber's flying cars project to drones that are "1,000 times bigger and noisier."
ECB Saw Altering Policy Communication Now As 'Premature', Minutes Say
Thu, 22 Feb 2018 14:23:54 GMT
Policymakers at the European Central Bank judged that it was too early to change the policy communication despite the increased confidence that inflation would move near its target, minutes of the latest policy session showed Thursday. "Communication would evolve naturally in line with the ECB's forward guidance" as inflation progress towards the target, the minutes said.
ECB Saw Altering Policy Communication Now As 'Premature', Minutes Say
Thu, 22 Feb 2018 14:23:54 GMT
Policymakers at the European Central Bank judged that it was too early to change the policy communication despite the increased confidence that inflation would move near its target, minutes of the latest policy session showed Thursday. "Communication would evolve naturally in line with the ECB's forward guidance" as inflation progress towards the target, the minutes said.
U.S. Weekly Jobless Claims Unexpectedly Dip To 222,000
Thu, 22 Feb 2018 14:01:51 GMT
A report released by the Labor Department on Thursday unexpectedly showed a modest decrease in first-time claims for U.S. unemployment benefits in the week ended February 17th. The report said initial jobless claims dipped to 222,000, a decrease of 7,000 from the previous week's revised level of 229,000.
U.S. Weekly Jobless Claims Unexpectedly Dip To 222,000
Thu, 22 Feb 2018 14:01:51 GMT
A report released by the Labor Department on Thursday unexpectedly showed a modest decrease in first-time claims for U.S. unemployment benefits in the week ended February 17th. The report said initial jobless claims dipped to 222,000, a decrease of 7,000 from the previous week's revised level of 229,000.
Ford names Kumar Galhotra to lead its North America group, replacing Raj Nair
Thu, 22 Feb 2018 14:01:00 GMT
Ford Motor on Thursday named Kumar Galhotra to lead its North America group, replacing Raj Nair.
SpaceX mission successfully deploys first test satellites to bring internet to billions
Thu, 22 Feb 2018 13:58:00 GMT
SpaceX successfully deployed satellites on Thursday into low Earth orbit aboard a mission filled with milestones.
Uncertainty May Lead To Choppy Trading On Wall Street
Thu, 22 Feb 2018 13:48:51 GMT
The major U.S. index futures are pointing to a roughly flat opening on Thursday following the afternoon weakness seen in the previous session.
Stocks May Show A Lack Of Direction In Early Trading - U.S. Commentary
Thu, 22 Feb 2018 13:46:00 GMT
Following the pullback seen in the previous session, stocks may show a lack of direction in early trading on Thursday. The major index futures are currently pointing to a roughly flat open for the markets, with the Dow futures up by 21 points.
Cryptocurrencies Fuel Cybercrime: Report
Thu, 22 Feb 2018 13:39:59 GMT
Cryptocurrency is one of the key factors that fuel cybercrime, which cost the global economy $600 billion in 2017, or 0.8 percent of global GDP, a new report says. The report, based on a study conducted jointly by computer security giant McAfee and the Center for Strategic and International Studies (CSIS), points to the alarming magnitude of the global economic impact of cybercrime.
Cryptocurrencies Fuel Cybercrime: Report
Thu, 22 Feb 2018 13:39:59 GMT
Cryptocurrency is one of the key factors that fuel cybercrime, which cost the global economy $600 billion in 2017, or 0.8 percent of global GDP, a new report says. The report, based on a study conducted jointly by computer security giant McAfee and the Center for Strategic and International Studies (CSIS), points to the alarming magnitude of the global economic impact of cybercrime.
U.S. Weekly Jobless Claims Unexpectedly Edge Lower
Thu, 22 Feb 2018 13:35:45 GMT
A report released by the Labor Department on Thursday unexpectedly showed a modest decrease in first-time claims for U.S. unemployment benefits in the week ended February 17th.
McDonald’s is bringing back a sauce that led to riots
Thu, 22 Feb 2018 12:59:00 GMT
McDonald's said Thursday that it will ship 20 million packets of Szechuan sauce to all of its restaurants in the U.S.
German Ifo Business Sentiment Falls More Than Forecast
Thu, 22 Feb 2018 12:44:49 GMT
Germany's business confidence weakened notably in February as near term outlook of firms deteriorated on political uncertainty and market turmoil, survey data from the Munich-based Ifo Institute showed Thursday. The business sentiment index fell more-than-expected to 115.4 from 117.6 in January. The score was expected to ease to 117 in February. A similar lower reading was last seen in September.
German Ifo Business Sentiment Falls More Than Forecast
Thu, 22 Feb 2018 12:44:49 GMT
Germany's business confidence weakened notably in February as near term outlook of firms deteriorated on political uncertainty and market turmoil, survey data from the Munich-based Ifo Institute showed Thursday. The business sentiment index fell more-than-expected to 115.4 from 117.6 in January. The score was expected to ease to 117 in February. A similar lower reading was last seen in September.
Wall Street To Bounce Back
Thu, 22 Feb 2018 12:33:24 GMT
Trends from the U.S. Futures Index suggest that Wall Street might bounce back to open higher. Jobless claims and Leading Indicators are the major economic announcements awaited by the investors on Thursday. There are slew of important Fed speeches scheduled for the day.
Wall Street To Bounce Back
Thu, 22 Feb 2018 12:33:24 GMT
Trends from the U.S. Futures Index suggest that Wall Street might bounce back to open higher. Jobless claims and Leading Indicators are the major economic announcements awaited by the investors on Thursday. There are slew of important Fed speeches scheduled for the day.
Hormel Foods Q1 Profit Tops View, But Sales Miss; Lifts 2018 Profit Outlook
Thu, 22 Feb 2018 12:26:02 GMT
Hormel Foods Corp. (HRL) reported a profit for the first quarter of fiscal 2018 that increased 28.9 percent from the prior year. Total net sales grew 2.2 percent from last year. Earnings per share topped analysts' expectations, while quarterly revenues missed their estimates. The company raised annual earnings per share guidance due to U.S. tax reform, while it maintained annual net sales outlook.
UK GDP Grows Less Than Estimate In Q4
Thu, 22 Feb 2018 12:14:02 GMT
The UK economy grew less-than-estimated in the fourth quarter, largely due to a downward revision to production output. Gross domestic product expanded 0.4 percent sequentially instead of 0.5 percent reported initially, the second estimate from the Office for National Statistics showed Thursday. GDP had advanced 0.5 percent in the third quarter. Year-on-year, the economy expanded 1.4 percent.
UK GDP Grows Less Than Estimate In Q4
Thu, 22 Feb 2018 12:14:02 GMT
The UK economy grew less-than-estimated in the fourth quarter, largely due to a downward revision to production output. Gross domestic product expanded 0.4 percent sequentially instead of 0.5 percent reported initially, the second estimate from the Office for National Statistics showed Thursday. GDP had advanced 0.5 percent in the third quarter. Year-on-year, the economy expanded 1.4 percent.
For some, traumatic life jolts lead to profound, personal growth
Thu, 22 Feb 2018 12:09:08 GMT
CHICAGO (Reuters) - (The opinions expressed here are those of the author, a columnist for Reuters.)
Trump’s economic vision ignores immigrants, but it will need their labor
Thu, 22 Feb 2018 12:07:00 GMT
The immigration proposal favored by Trump would shrink the labor supply and the economy's long-term growth potential.
SEC Charges Former Bitcoin Exchange BitFunder, Founder With Fraud
Thu, 22 Feb 2018 11:56:53 GMT
The Securities and Exchange Commission has charged BitFunder, a former bitcoin-denominated platform, and its founder Jon Montroll with fraud. The SEC's complaint, filed in federal district court in Manhattan, charges BitFunder and Montroll with violations of the anti-fraud and registration provisions of the federal securities laws.
Italy Industrial Orders Rise Sharply In December
Thu, 22 Feb 2018 11:56:52 GMT
Italy's industrial orders increased for the third straight month in December, and at the fastest pace in one-and-a-half years, figures from the statistical office Istat showed Thursday.
Iceland Wage Growth Accelerates In January
Thu, 22 Feb 2018 11:53:48 GMT
Iceland's wage growth accelerated in January after easing in the previous three months, figures from Statistics Iceland showed Thursday.
Uber will aggressively invest in Southeast Asia, won't let SoftBank rule it: CEO
Thu, 22 Feb 2018 11:50:00 GMT
Uber CEO Dara Khosrowshahi said the firm will aggressively invest in Southeast Asia despite the fact it expects to lose money in the region.
Coinbase, Bitfinex Adopt New SegWit Protocol For Bitcoin
Thu, 22 Feb 2018 11:44:17 GMT
Two of the leading cryptocurrency exchanges Coinbase and Bitfinex announced the adoption of support for Segregated Witness (SegWit) protocols for bitcoin (BTC) transactions on their platforms. The support for SegWit will see users of both the exchanges benefit from lower BTC fees and faster processing times. Coinbase and Bitfinex are among the largest trading platforms for bitcoin by volume.
9 ways to tell if you’re a leader worth following
Thu, 22 Feb 2018 11:42:00 GMT
Put your leadership skills to the test with leadership and management coach Chris Hallberg's 9 key tips.
Japan Police Logs 669 Cryptocurrency Money Laundering Cases In Apr-December
Thu, 22 Feb 2018 11:41:33 GMT
Japan's National Police Agency reported 669 cases of suspected money laundering using cryptocurrency from virtual currency exchanges, the Nikkei Asian Review reported. While the agency did not reveal the reason why exchange operators reported the suspected cases, it is likely that questionable transactions repeated frequently in a short period of time prompted them to take action, the report said.
Ireland Factory Gate Prices Continue To Fall In January
Thu, 22 Feb 2018 11:41:01 GMT
Ireland's factory gate prices continued its declining trend in January, figures from the Central Statistics Office showed Thursday.
Cryptocurrency Daily Roundup - Feb. 22
Thu, 22 Feb 2018 11:34:54 GMT
Venezuela is not stopping with the launch of its oil-backed cryptocurrency "petro", but has announced that it will unveil a gold-backed token "petro gold" next week. Japan suspects money laundering in 669 cryptocurrency cases between April and December. Meanwhile, blockchain seems to have captured the imagination of NFL players who are looking to invest in new tech.
Here's the best way to cure toxic leadership, says former Yum Brands CEO
Thu, 22 Feb 2018 11:30:00 GMT
News of toxic leadership is pervasive these days. Here's how we change the equation, says former Yum Brands CEO David Novak.
Venezuela To Launch Metals-backed Token 'Petro Gold': Report
Thu, 22 Feb 2018 11:28:57 GMT
Shortly after launching the pre-sale of its national cryptocurrency, the government of Venezuela has announced that it will introduce a cryptocurrency called "Petro gold." "Next week I'm going to launch the petro gold, backed by gold, which is even more powerful, that will strengthen the petro," Reuters quoted President Nicolas Maduro as saying in a televised speech on Wednesday.
Venezuela To Launch Metals-backed Token 'Petro Gold': Report
Thu, 22 Feb 2018 11:28:57 GMT
Shortly after launching the pre-sale of its national cryptocurrency, the government of Venezuela has announced that it will introduce a cryptocurrency called "Petro gold." "Next week I'm going to launch the petro gold, backed by gold, which is even more powerful, that will strengthen the petro," Reuters quoted President Nicolas Maduro as saying in a televised speech on Wednesday.
Fed's Bullard warns that too many rate hikes this year could slow the economy too much
Thu, 22 Feb 2018 11:12:00 GMT
Policymakers need to follow the economy, which is showing strength but little inflation, says the Fed's James Bullard.
Hong Kong Jobless Rate Unchanged In January
Thu, 22 Feb 2018 10:59:01 GMT
Hong Kong's unemployment rate held steady in the three months ended January, in line with expectations, preliminary figures from the Census and Statistics Department showed Thursday.
Amazon ‘global takeover’ will be stopped by reality, economist says
Thu, 22 Feb 2018 10:57:00 GMT
Amazon's retail market share was seen to be a main factor causing a decline in Walmart's gross margins when the corporation posted earnings Tuesday.
Italy's Inflation Steady At 0.9%
Thu, 22 Feb 2018 10:34:51 GMT
Italy's inflation remained stable in January, final data from the statistical office Istat showed Thursday.
Swiss Industrial Production Grows In Q4
Thu, 22 Feb 2018 10:29:43 GMT
Swiss industrial production expanded for the third straight quarter in the three months ended December, data from the Federal Statistical Office showed Thursday.
European Shares Fall After Weak Data
Thu, 22 Feb 2018 10:18:35 GMT
European stocks came under heavy selling pressure on Thursday as the latest Federal Reserve meeting minutes rekindled fears of inflation and higher interest rates and the day's economic releases disappointed investors.
Hong Kong Inflation Remains Stable In January
Thu, 22 Feb 2018 10:12:39 GMT
Hong Kong's consumer price inflation held steady at the start of the year, figures from the Census and Statistics Department showed Thursday.
Deutsche Telekom Stock Dips On Weak Q4 EBITDA, Revenues; Sees Growth In FY18
Thu, 22 Feb 2018 10:03:21 GMT
Shares of Deutsche Telekom AG were losing around 3 percent in the morning trading in Germany after the telecom giant reported Thursday a decline in fourth-quarter EBITDA, a key earnings metric, with weak revenues. However, the company recorded a net profit, compared to loss last year on positive US tax effect. Deutsche Telekom lifted its dividend and said it expects higher earnings in 2018.
'Angry Birds' maker Rovio pummeled after profit warning
Thu, 22 Feb 2018 09:52:00 GMT
The warning wiped more than a third off the Finnish firm's stock price amid deepening doubts about its valuation.
Markets are getting it wrong on rising inflation, economist warns
Thu, 22 Feb 2018 09:35:00 GMT
Market participants have distorted inflation expectations, an economist told CNBC Thursday.
In The Spotlight: Inflarx
Thu, 22 Feb 2018 09:17:01 GMT
Shares of Inflarx NV (IFRX) are up more than 50% year-to-date while the iShares NASDAQ Biotechnology Index (ETF) has gained only 2% during the same period.
Goldman Sachs sees a greater than 95% chance of a Fed rate hike in March
Thu, 22 Feb 2018 08:54:00 GMT
Goldman Sachs is all but certain the Federal Reserve will hike interest rates next month.
Earnings In Focus: Feb. 22 (LNT, HPQ, HRL)
Thu, 22 Feb 2018 08:34:01 GMT
Check out the few notable companies that are scheduled to release their quarterly financial results on Thursday, February 22, 2018.
France's Manufacturing Confidence Falls In February
Thu, 22 Feb 2018 08:27:58 GMT
France's manufacturing confidence decreased in February, though remained very favorable, survey data from the statistical office Insee showed Thursday.
Asian Shares Turn In A Mixed Performance
Thu, 22 Feb 2018 08:15:53 GMT
Asian stocks turned in a mixed performance on Thursday, as bond yields hit a fresh four-year high and the dollar stood near a one-week high against a basket of major currencies after the minutes from the Federal Reserve's January meeting showed the central bank plans to raise interest rates three times in 2018.
Anglo American CEO: Fundamentals in mining sector are good
Thu, 22 Feb 2018 08:15:00 GMT
Anglo American will be "better placed than anyone" in the mining sector for the next couple of years, Mark Cutifani said.
Latvia has strong rule of law, finance minister says
Thu, 22 Feb 2018 08:15:00 GMT
Dana Reizniece-Ozola discusses a corruption investigation into the governor of Latvia's central bank.
Hays CFO: UK starting to lose out on front-end investment
Thu, 22 Feb 2018 07:35:00 GMT
Paul Venables speaks to CNBC about Hays’ latest earnings and the U.K. jobs market.
Hays CFO: Seeing a lot of investment from US into Europe
Thu, 22 Feb 2018 07:35:00 GMT
We are starting to see wage inflation in Europe which hasn't been seen for several years, Paul Venables said.
Anglo American CEO: South Africa’s new leadership has started well
Thu, 22 Feb 2018 07:35:00 GMT
Mark Cutifani discusses Anglo American's earnings and the appointment of Cyril Ramaphosa as South African president.
ProSiebenSat.1 CEO: ‘Very pleased’ with General Atlantic deal
Thu, 22 Feb 2018 07:19:00 GMT
Jan Kemper speaks to CNBC about ProSiebenSat.1 Media’s latest earnings.
L&G CEO: UK employment is increasing
Thu, 22 Feb 2018 07:19:00 GMT
L&G is hiring a lot of people in the construction area, Nigel Wilson said.
European markets open lower as US rate risk impedes sentiment
Thu, 22 Feb 2018 07:19:00 GMT
European stocks opened lower Thursday morning, as heightened expectations of faster interest rate hikes in the U.S. hampered risk appetite globally.
RSA Group CFO: Investing heavily in digital across organization
Thu, 22 Feb 2018 07:19:00 GMT
But it would be wrong to assume that everyone wants to go digital, Scott Egan said.
Barclays CEO: We have a number of tailwinds
Thu, 22 Feb 2018 07:02:00 GMT
Barclays will be retiring a lot expensive debt during the next year and a half, Jes Staley said.
Barclays CEO: Look forward to running Barclays for years to come
Thu, 22 Feb 2018 07:02:00 GMT
Jes Staley discusses an investigation by the Financial Conduct Authority into whether he tried to uncover the name of a whistleblower.
Barclays CEO: Markets to watch are the credit markets
Thu, 22 Feb 2018 07:02:00 GMT
Credit spreads widening concurrently with the risk-free rate going up is “disconcerting,” Jes Staley said.
European Shares Seen Sharply Lower At Opening
Thu, 22 Feb 2018 06:43:35 GMT
European stocks look set to suffer heavy losses on Thursday as signs of faster U.S. inflation bolstered expectations for three or even more interest rate hikes this year.
RSA Group CFO: ‘Absolutely delighted’ with results
Thu, 22 Feb 2018 06:18:00 GMT
Scott Egan discusses RSA Group’s latest earnings.
Barclays CEO: 2017 marked end of Barclays restructuring
Thu, 22 Feb 2018 06:18:00 GMT
2018 will the first year in five years that Barclays begins with a “clean operating model,” Jes Staley told CNBC.
Fed will benefit from a weaker dollar, economist says
Thu, 22 Feb 2018 06:18:00 GMT
Daniel Lacalle, chief economist at Tressis Gestion, discusses monetary policy and currency trading.
Don’t expect a ‘global takeover’ story from Amazon, economist says
Thu, 22 Feb 2018 06:18:00 GMT
Amazon is not going to “take over everything,” Daniel Lacalle, chief economist at Tressis Gestion, said.
Telecoms a challenged sector, economist says
Thu, 22 Feb 2018 06:16:00 GMT
Daniel Lacalle, chief economist at Tressis Gestion, weighs in on the telecoms sector.
Australian University Starts First Blockchain Course In The Country
Thu, 22 Feb 2018 06:05:37 GMT
RMIT, an Australia-based university, has launched the country's first course on blockchain that would help understand the technology's fundamentals and impact. The online short-term course, "Developing Blockchain Strategy," would teach the foundations of blockchain, the technology behind cryptocurrencies. The course also includes working with leading industry experts.
ACIP Backs HEPLISAV-B, GMED Hits New High, GWPH's Focal Seizures Trial Fails
Thu, 22 Feb 2018 05:55:22 GMT
Today's Daily Dose brings you news about Mesoblast's steroid refractory acute Graft versus Host Disease trial results; CHMP's positive trend vote for Rucaparib in ovarian cancer and HEPLISAV-B vaccine getting favorable recommendation from the CDC's Advisory Committee on Immunization Practices.
European Economics Preview: Germany's Ifo Business Confidence Data Due
Thu, 22 Feb 2018 05:47:34 GMT
Business confidence from Germany is due on Thursday, headlining a light day for the European economic news. At 2.45 am ET, France's statistical office Insee publishes final inflation data and business sentiment survey results. The manufacturing sentiment index is seen unchanged at 113 in February.
Fed's Quarles pushes for gradual rate hikes, review of crisis-era bank regulations
Thu, 22 Feb 2018 05:15:00 GMT
Inflation running slightly below target shouldn't prevent interest rate hikes, the Fed's Randal Quarles says.
'Huge changes' at Qantas are set to boost its international earnings, says its CEO
Thu, 22 Feb 2018 05:06:00 GMT
Qantas is planning 'huge changes' for its international business next year, which is expected to spur its earnings, its CEO said.
New Zealand Credit Card Spending Falls In January
Thu, 22 Feb 2018 04:04:49 GMT
Total credit card spending in New Zealand decreased for the first time in five months in January, data from the Reserve Bank of New Zealand showed Thursday.
Asian Markets Mostly Lower
Thu, 22 Feb 2018 03:18:52 GMT
Asian stock markets are mostly lower on Thursday following the negative cues overnight from Wall Street after the minutes of the Federal Reserve's January meeting indicated the central bank still plans to raise interest rates three times in 2018. The Chinese market is rallying as it resumed trading after the Lunar New Year holidays, while the Japanese market is declining.
Bridgewater's Dalio sees 70 percent chance of recession before 2020
Thu, 22 Feb 2018 02:49:39 GMT
CAMBRIDGE, Mass. (Reuters) - Billionaire investor Ray Dalio, who founded world's largest hedge fund Bridgewater Associates, thinks there is a relatively high chance the U.S. economy will stumble into...
Here are the 10 wealthiest people in China — a country leading the way for self-made billionaires
Thu, 22 Feb 2018 02:37:00 GMT
China's billionaire population is on the rise — and the vast majority of them are self-made, according to Wealth-X.
ANTH Awaits RESULT In Mar., HAIR Grows, NITE Shines, TRXC On Must-watch List
Thu, 22 Feb 2018 02:04:14 GMT
Restoration Robotics Inc. gained 35.61% to close Wednesday's trading at $6.36. It is a medical device company developing and commercializing the ARTAS Robotic Hair Restoration System. We had alerted our premium subscribers to this stock on January 29, 2018, when it was trading around $4.79.
The Olympics are tricky terrain for South Korea's mega-conglomerates
Thu, 22 Feb 2018 01:30:00 GMT
South Korea's chaebols stand to gain from sponsoring the Olympics, but the games are also tricky terrain to navigate.
ARGENTINA: Merval Rises As Fed Minutes Point To Gradual Increase In U.S. Rate
Thu, 22 Feb 2018 01:01:21 GMT
Merval, the main index of the Buenos Aires Stock Exchange, rose 0.85%, closing at 33,108.16 points, in a volatile session, after the Federal Reserve meeting minutes showed that the U.S. central bank will move gradually towards higher interest rates.
BRAZIL: Ibovespa Climbs To New Record Despite End-of-session Weakness
Thu, 22 Feb 2018 00:56:33 GMT
Ibovespa, the benchmark stock market index in Brazil, ended higher for the sixth consecutive session on Wednesday, rising 0.29% to 86,051.83 points - a new record closing level.
COLOMBIA: Colcap Trades 0.28% Higher On Bancolombia Performance
Thu, 22 Feb 2018 00:50:15 GMT
Colcap, the main index of the Colombian Stock Exchange, traded 0.28% higher near the end of Wednesday's session at 1,521.63 points as investors piled on Bancolombia's shares before the release of the bank's quarterly earnings, according to Erika Baquero, an analyst at Alianza Valores.
ARGENTINA: Trade Balance Posts US$ 986 Million Deficit In January
Thu, 22 Feb 2018 00:35:05 GMT
The Argentinean trade balance recorded a US$ 986 million deficit in January 2018, from a US$ 51 million deficit in the same month of the previous year, said the country's statistics office.
BRAZIL: Pension Reform Has Not Been Abandoned, Just Suspended - FinMin
Thu, 22 Feb 2018 00:30:32 GMT
The Brazilian government did not abandon the pension reform bill, said the Finance Minister Henrique Meirelles in an interview with Radio Bandeirantes. According to him, the vote on the legislation was suspended, since Congress cannot vote on the topic while a federal intervention in the public security sector in Rio de Janeiro state rages on.
PETROBRAS: Output Falls 0.73% In January From December To 2.7 Million Boed
Thu, 22 Feb 2018 00:21:47 GMT
Brazilian state-owned oil company Petrobras oil and gas production fell 0.73% in January from a month before, to 2.7 million of barrels of oil equivalent per day (boed). Out of this total, 2.6 million boed were produced in Brazil and 970,000 boed abroad.
ARGENTINA: Merval Drops 1.33% As Investors Migrate To Fixed Income
Thu, 22 Feb 2018 00:15:53 GMT
Merval, the main index of the Buenos Aires Stock Exchange, fell 1.33% Tuesday, closing at 32,836.31 points, as traders took a breather after four consecutive rises and as some investors moved to fixed income assets betting on higher interest rates.
BRAZIL: Stocks Rise For The Fifth Straight Session As Ibovespa Hits New Record
Thu, 22 Feb 2018 00:10:35 GMT
The return of foreign investors to the Brazilian stock market and bets that the government will turn its attention to the privatization of state-owned companies led the Ibovespa higher for the fifth consecutive trading session on Tuesday.
Definition of what’s actually an 'assault weapon' is a highly contentious issue
Thu, 22 Feb 2018 00:08:00 GMT
Exactly what constitutes an "assault weapon" is a very contentious issue and something that riles up some gun advocates.
PERU: Kuczynski Dismisses Calls For His Resignation
Wed, 21 Feb 2018 23:54:09 GMT
Peruvian President Pedro Pablo Kuczynski (PPK) said he would not resign his post amid a renewed legislative motion to oust him for his ties with the Brazilian construction company Odebrecht.
Business leaders should take a stand on social issues such as gun violence, says Yale management guru
Wed, 21 Feb 2018 23:52:00 GMT
CEOs have a social responsibility to take a stand on gun violence, says Yale management guru.
BRAZIL: Steel Prices Should Remain Stable In The Near Term, Says Inda
Wed, 21 Feb 2018 23:31:48 GMT
Steel prices in Brazil should remain stable in the near term, after the adjustments adopted by the country's steelmakers in January, said the chairman of the country's Institute of Steel Distributors (Inda), Carlos Loureiro.
New Zealand Credit Card Spending Due On Thursday
Wed, 21 Feb 2018 22:31:01 GMT
New Zealand will on Thursday release January figures for credit card spending, highlighting a light day for Asia-Pacific economic activity.
Fed minutes: All signs pointing to more rate hikes ahead
Wed, 21 Feb 2018 20:39:00 GMT
Fed officials see increased growth and an uptick in inflation as justification to continue gradual rate hikes.
Jeff Immelt's refusal to give or take bad news defined his leadership at GE
Wed, 21 Feb 2018 20:16:00 GMT
Former General Electric boss Jeff Immelt was consistent in his overly optimistic approach to running the company.
Homeownership is increasingly for the wealthy
Wed, 21 Feb 2018 19:31:00 GMT
A severe shortage of affordable homes for sale caused a sharp and unexpected drop in January closings.
How matching money turbo-charges U.S. retirement savings
Wed, 21 Feb 2018 15:54:19 GMT
CHICAGO - After turning miserly when the Great Recession began nearly 10 years ago, U.S. employers are loosening their purse strings and giving workers more money to boost retirement savings.
Fed should raise rates gradually this year, Kaplan says
Wed, 21 Feb 2018 15:51:00 GMT
Dallas Fed President Kaplan cited faster economic growth fueled by tax cuts as well as a stronger global economy.
Market awaits first Fed report after Yellen's handoff to Powell
Wed, 21 Feb 2018 15:38:00 GMT
First up for the new central bank chief is how the market reacts to details from Janet Yellen's last meeting.
Fed's Harker expects two US rate hikes this year
Wed, 21 Feb 2018 15:27:00 GMT
Philadelphia Federal Reserve Bank President Patrick Harker said he still thinks just two rate hikes this year is "likely appropriate."
Tight supply, rising prices weigh on US home sales
Wed, 21 Feb 2018 15:00:00 GMT
U.S. home sales unexpectedly fell for a second straight month in January.
Don't worry about higher interest rates for now, JP Morgan says
Wed, 21 Feb 2018 14:39:00 GMT
You can stop worrying about the effect of higher interest rates on stocks for now, a J.P. Morgan strategist said Wednesday.
Here's how many hours of work it takes to pay rent in 11 US cities
Wed, 21 Feb 2018 14:32:00 GMT
"Midwest is best."
Looming Fed Minutes May Lead To Choppy Trading On Wall Street
Wed, 21 Feb 2018 13:50:26 GMT
The major U.S. index futures are pointing to a mixed opening on Wednesday following the lackluster performance seen in the previous sessions.
CEO on Priceline becoming Booking: 'It helps change the perception of what our overall company is'
Wed, 21 Feb 2018 13:30:00 GMT
CEO Glenn Fogel is betting that a change to the company's parent name will increase its brand awareness in the U.S.
Exclusive: Investment star Alan Howard's comeback hits headwind
Wed, 21 Feb 2018 13:23:44 GMT
NEW YORK (Reuters) - A fund managed directly by Alan Howard, one of Britain’s best known investors, lost nearly 9.0 percent net of fees from May through December 2017, according to information...
Venezuela's oil-backed cryptocurrency raised $735 million in one day, president claims
Wed, 21 Feb 2018 13:02:00 GMT
Nicolas Maduro said on Twitter that Venezuela's petro token raised more than 4.777 billion Chinese yuan, or $735 million.
Netanyahu confidant will reportedly testify against him
Wed, 21 Feb 2018 11:14:00 GMT
Israeli media reported Wednesday that one of Netanyahu's closest confidants will incriminate him in corruption allegations.
Lloyds Banking Group profit hits record $7.4 billion but misses estimates
Wed, 21 Feb 2018 10:40:00 GMT
Wednesday's announcement marks the bank's highest pre-tax profit since 2006.
Hackers hijack Tesla’s cloud system to mine cryptocurrency
Wed, 21 Feb 2018 09:30:00 GMT
Tesla's Amazon Web Services (AWS) cloud account was compromised by hackers and used for cryptocurrency mining, RedLock said.
Mining giant Glencore says it’s had its ‘best ever’ full-year results
Wed, 21 Feb 2018 09:01:00 GMT
Glencore on Wednesday announced full-year overall adjusted profit of $14.76 billion, in line with expectations.
Hundreds of KFC branches in the UK to remain closed amid ongoing chicken shortage
Wed, 21 Feb 2018 08:05:00 GMT
KFC expects some of its U.K. outlets to remain closed for the rest of the week.
Battery storage is a big challenge, expert says
Wed, 21 Feb 2018 07:32:00 GMT
Chris Midgley, head of analytics at S&P Global Platts, discusses renewable energy.
UK economy not sharing global momentum, strategist says
Wed, 21 Feb 2018 07:32:00 GMT
Stephen Macklow-Smith, head of European equity strategy at J.P. Morgan Asset Management, discusses European markets.
European stocks open lower; Deutsche Borse, Iberdrola, Glencore report
Wed, 21 Feb 2018 07:32:00 GMT
European equities open lower on Wednesday morning as investors focus on further earnings reports and data releases.
Another Middle East sovereign fund is in talks to invest in SoftBank's $93 billion Vision Fund
Wed, 21 Feb 2018 07:29:00 GMT
Bahrain's Mumtalakat could join other Gulf state funds who have invested in SoftBank's $93 billion private equity Vision Fund.
Wolters Kluwer CEO: Implementing products with advanced technology
Wed, 21 Feb 2018 06:12:00 GMT
Nancy McKinstry discusses Wolters Kluwer's digital strategy.
We’re in a dangerous liquidity environment, strategist says
Wed, 21 Feb 2018 06:12:00 GMT
The recent sell-off in global equities was "ready to go," Chris Watling, CEO of Longview Economics, said.
Walmart going to face same margin headwinds as Amazon: Wealth manager
Wed, 21 Feb 2018 06:12:00 GMT
Amazon isn't a profitable firm due to the amount it spends on infrastructure, Michael Yoshikami, CEO and founder of Destination Wealth Management, said.
Atos CFO: We remain very much acquisitive
Wed, 21 Feb 2018 06:12:00 GMT
Elie Girard discusses Atos' latest results.
USC’s Nikias: US must keep skilled international graduates
Wed, 21 Feb 2018 06:12:00 GMT
C.L. Max Nikias, president of the University of Southern California, discusses U.S. immigration policy.
USC president’s advice to students: ‘Do not overspecialize’
Wed, 21 Feb 2018 06:12:00 GMT
C.L. Max Nikias discusses college education in the United States.
Strategist: Some key factors point to slowed growth in China's economy
Wed, 21 Feb 2018 06:12:00 GMT
Chris Watling, CEO of Longview Economics, discusses the mining sector and the Chinese economy.
Wolters Kluwer CEO: Confident of improvement in key metrics
Wed, 21 Feb 2018 06:12:00 GMT
Nancy McKinstry discusses Wolters Kluwer's full-year results.
The world's fourth largest iron ore producer wants to drive production costs even lower
Wed, 21 Feb 2018 06:09:00 GMT
Fortescue is aiming to drive costs even lower this year, says the CEO of the Australian iron ore company.
The job is not over: Europe's largest bank on efforts to strengthen its business
Wed, 21 Feb 2018 05:04:00 GMT
HSBC Chairman Mark Tucker talks to CNBC about the bank's prospects in an ever-changing global environment.
Final version of mega Pacific trade deal dumps rules the US wanted
Wed, 21 Feb 2018 04:10:00 GMT
The final version of a landmark deal aimed at cutting trade barriers in Asia was released.
General Motors is proposing a $2.8 billion investment to save its ailing South Korean unit
Wed, 21 Feb 2018 03:14:00 GMT
General Motors is proposing $2.8 billion in fresh investments to restructure its South Korean unit.
South Korea will sign trade deals with five Central American countries
Wed, 21 Feb 2018 01:18:00 GMT
South Korea will sign trade agreements with Central American nations.
Fed could 'rock the boat' with what it says about market's worst fears: higher inflation, interest rates
Tue, 20 Feb 2018 23:45:00 GMT
The Fed minutes Wednesday could have more impact than usual if they provide any insight on inflation and interest rates.
Former Walmart US CEO: Gun regulation is the responsibility of the government, not retailers
Tue, 20 Feb 2018 22:58:00 GMT
Legislators, not retailers, should be responsible for regulating guns, says ex-Walmart US CEO.
Pentagon budget increase will lead to a 'major economic disaster,' says retired US Army officer
Tue, 20 Feb 2018 16:51:00 GMT
The spike in defense spending won't solve the military's readiness problems or make us safer, says Daniel Davis.
Pricey New York City is causing millennials to live above their means
Tue, 20 Feb 2018 15:40:00 GMT
Millennials are likely to exceed their budget on housing in NYC, New York Business Journal reports.
Denver is 'the most challenging' city in US for first-time homebuyers, says report
Tue, 20 Feb 2018 15:39:00 GMT
Denver is the most challenging city in the country for first-time homebuyers, Denver Business Journal reports.
Futures Pointing To Pullback On Wall Street
Tue, 20 Feb 2018 14:52:35 GMT
The major U.S. index futures are pointing to a lower opening on Tuesday following the strong upward move seen last week.
More than half of Amazon's HQ2 finalist cities inherited a political problem
Tue, 20 Feb 2018 13:31:00 GMT
Eleven Amazon HQ2 finalist cities are in states lacking nondiscrimination laws. Gay rights advocates have noticed.
Guggenheim's Minerd warns of a possible replay of 1987 stock market crash
Tue, 20 Feb 2018 12:46:01 GMT
NEW YORK (Reuters) - Investors should brace for a possible replay of the 1987 stock market crash later this year, given this month's slump came against the backdrop of Federal Reserve interest rate...
Small-business confidence hits record high in 2018 after Trump tax-reform win
Tue, 20 Feb 2018 10:59:00 GMT
Small-business confidence surging in 2018, according to the CNBC/SurveyMonkey Small Business Survey.
State Street: Recent volatility not part of more worrying trend
Tue, 20 Feb 2018 08:58:00 GMT
Tim Graf, head of macro strategy EMEA at State Street Global Markets, discusses the recent market sell-off.
Europe markets open mixed as investors monitor earnings
Tue, 20 Feb 2018 08:03:00 GMT
European stocks opened mixed Tuesday morning, as investors monitored the release of the latest batch of corporate earnings.
Goldman Sachs warns wave of US spending is in 'uncharted territory' and poses a danger to growth
Mon, 19 Feb 2018 07:27:00 GMT
Goldman Sachs sees a tidal wave of red ink — and it may drag the U.S. economy into its undertow.
Consumer sentiment jumps in February, exceeding record-high 2017 average
Fri, 16 Feb 2018 15:00:00 GMT
U.S. consumer sentiment rose by much more than expected in February.
Major apartment developer: 'There is an acute crisis headed our way'
Fri, 16 Feb 2018 14:54:00 GMT
Concerns mount about an overbuilt luxury market and a shortage of affordable rental housing.
Waste Management CEO: 80% of company's tax cut going back into the economy
Fri, 16 Feb 2018 14:44:00 GMT
Jim Fish disputes the narrative that major companies are only using corporate tax cut benefits to buy back stock.
Near-Term Uncertainty May Lead To Choppy Trading On Wall Street
Fri, 16 Feb 2018 13:59:44 GMT
The major U.S. index futures are pointing to a roughly flat opening on Friday following the strong upward move seen over the five previous sessions.
Housing starts rebound as building permits rise to the highest level since 2007
Fri, 16 Feb 2018 13:30:00 GMT
U.S. homebuilding increased to more than a one-year high in January, boosted by a rebound in the construction of single-family housing units.
US import prices rise more than expected in January
Fri, 16 Feb 2018 13:30:00 GMT
U.S. import prices rose more than expected in January as the cost of imported petroleum and a range of other goods increased.
Puerto Rico's governor is bullish on blockchain as part of island's comeback
Fri, 16 Feb 2018 13:15:00 GMT
Puerto Rico's governor calls blockchain a "phenomenal technology" and a "game changer."
Sen. Jeff Flake: President Trump's immigration policy would hurt the economy
Fri, 16 Feb 2018 12:00:00 GMT
CNBC's John Harwood talks to Sen. Jeff Flake. Here's what the Arizona Republican said about immigration.
Wall Street Poised To Open Higher
Fri, 16 Feb 2018 11:55:06 GMT
A few major companies such as a Coca Cola, Deere, J.M. Smucker Co., Campbell Soup and Kraft Heinz are reporting their earnings results today. U.S. Census Bureau's Housing Starts reports and Michigan University's Consumer Sentiments data are the major economic announcements on Friday.
U.S. market gurus who predicted selloff say current calm an illusion
Fri, 16 Feb 2018 11:38:15 GMT
Some veteran investors who were vindicated in calling for a pullback in shares and a spike in volatility could now be cheering. Actually, they're looking at the risks that still lie ahead in the...
Broad-basket commods funds post largest net inflow in seven years
Thu, 15 Feb 2018 15:59:50 GMT
NEW YORK (Reuters) - Financial advisors and smaller retail investors, wary that inflation may be brewing again, ratcheted up their bets on funds in Morningstar's Commodities Broad Basket fund...
Retirement savers, how much market risk can you handle£
Thu, 15 Feb 2018 15:19:52 GMT
CHICAGO (Reuters) - The opinions expressed here are those of the author, a columnist for Reuters.
Homebuilders shrug off higher mortgage rates, stay optimistic on economic boost from tax cuts
Thu, 15 Feb 2018 15:00:00 GMT
Tax cuts are still making homebuilders feel better, even as rates rise.
US factory output fails to grow for second straight month
Thu, 15 Feb 2018 14:15:00 GMT
U.S. factory output was flat for the second straight month in January, raising questions about the manufacturing outlook.
Slew Of U.S. Economic Data In Focus On Wall Street
Thu, 15 Feb 2018 14:05:01 GMT
The major U.S. index futures are pointing to a higher opening on Thursday, with stocks likely to extend the upward move seen over the past few sessions.
Gasoline, health care lift US producer prices in January
Thu, 15 Feb 2018 13:30:00 GMT
Prices accelerated in January, offering more evidence that inflation pressures were building up.
Wall Street To Open Higher As Market Is In Recovery Mood
Thu, 15 Feb 2018 12:18:32 GMT
The market continues to be in a recovery mood and the early signs from the U.S. Futures Index shows that Wall Street might open broadly higher. The investors are keenly watching the movement of dollar against majors.
Inflation Data Likely To Weigh On Wall Street
Wed, 14 Feb 2018 14:00:32 GMT
The major U.S. index futures are pointing to a sharply lower opening on Wednesday following the rebound seen over the three previous sessions.
Futures Points To Higher Opening For Wall Street
Wed, 14 Feb 2018 11:49:31 GMT
Consumer Price Index, Retails Sales report and Mortgage Application data are the major announcement on Wednesday. The market is expected to keep up the momentum after a strong close on Tuesday. Initial trading trends on U.S. Futures Index suggest that Wall Street might open higher.
Looming Inflation Data May Weigh On Wall Street
Tue, 13 Feb 2018 14:06:39 GMT
The major U.S. index futures are pointing to a lower opening on Tuesday following the strong upward move seen in the previous session.
Wall Street Set For A Weak Start
Tue, 13 Feb 2018 12:03:06 GMT
There are no major announcements on the U.S. economic front on Tuesday, except the Redbook data. Earnings and cues from global development are closely watched by the investors.
Stocks May See Continued Rebound In Early Trading
Mon, 12 Feb 2018 14:07:01 GMT
The major U.S. index futures are pointing to a higher opening on Monday, with stocks likely to see further upside following the higher close seen last Friday.
Wall Street Poised For Strong Opening
Mon, 12 Feb 2018 11:38:46 GMT
The initial trading of U.S. Futures Index point to a broadly higher opening for Wall Street. Asian shares closed mixed on Monday, while European shares are trading higher. The week is awaiting various economic data such as producer and consumer prices, giving clue of inflation. Retails sales, industrial production, housing starts and home-builder confidence.
Bargain Hunting May Lead To Strength On Wall Street
Fri, 09 Feb 2018 13:51:48 GMT
The major U.S. index futures are pointing to a modestly higher opening on Friday following the sell-off seen in the previous session.
Wall Street To Bounce Back
Fri, 09 Feb 2018 11:52:56 GMT
Early signs from U.S. Futures Index show that the market is in a recovery mode and Wall Street might open higher. The investors might be feeling lucky as a second time shut down was ended quickly. However, concerns of inflation are looming over across the globe.
Wall Street Pointing To Lower Opening
Thu, 08 Feb 2018 12:00:04 GMT
Jobless claims for the week is projected to be slightly up from the prior week and the details will be announced on Thursday morning. Federal Balance Sheet and EIA's natural gas report are the other important announcements for the day.
Futures Pointing To Continued Weakness On Wall Street
Mon, 05 Feb 2018 13:41:50 GMT
The major U.S. index futures are pointing to a sharply lower opening on Monday, with stocks poised to extend the sell-off seen last week.
Upbeat Jobs Data May Add To Interest Rate Concerns
Fri, 02 Feb 2018 14:01:06 GMT
The major U.S. index futures are pointing to a lower opening on Friday, with stocks likely to come under pressure following the mixed performance seen in the previous session.
Interest Rate Worries May Weigh On Wall Street
Thu, 01 Feb 2018 14:01:03 GMT
The major U.S. index futures are pointing to a lower opening on Thursday, with stocks likely to move back to the downside following the modest rebound seen in the previous session.
Bargain Hunting May Lead To Rebound On Wall Street
Wed, 31 Jan 2018 14:02:56 GMT
The major U.S. index futures are pointing to a sharply higher opening on Wednesday, with stocks likely to regain ground after moving notably lower over the two previous sessions.
Futures Pointing To Continued Pullback On Wall Street
Tue, 30 Jan 2018 14:02:14 GMT
The major U.S. index futures are pointing to a lower opening on Tuesday, with stocks poised to extend the pullback seen in the previous session.
Profit Taking May Lead To Initial Weakness On Wall Street
Mon, 29 Jan 2018 13:47:25 GMT
The major U.S. index futures are pointing to a lower opening on Monday following the strong upward move shown by stocks last Friday.
Early Buying Interest May Be Limited By Disappointing GDP Data
Fri, 26 Jan 2018 14:01:19 GMT
The major U.S. index futures are pointing to a higher opening on Friday after closing mixed for two consecutive sessions. Early buying interest may be generated in reaction to the latest earnings news.
Stocks May Benefit From More Upbeat Earnings News
Thu, 25 Jan 2018 13:52:16 GMT
The major U.S. index futures are pointing to a higher opening on Thursday following the mixed performance seen in the previous session.
Upward Momentum May Lead To Continued Strength On Wall Street
Wed, 24 Jan 2018 13:52:25 GMT
The major U.S. index futures are pointing to a higher opening on Wednesday, with stocks likely to extend the upward trend seen in recent sessions.
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