Markets & Economy
Asia stocks approach 10-year peak, unfazed by China GDP, dollar rises
Thu, 19 Oct 2017 02:26:00 GMT
TOKYO (Reuters) - Asian stocks rose to near decade highs on Thursday, continuing to ride on a global equities rally, while the dollar resumed its rise on the back of a spike in U.S. yields.
China GDP Climbs 1.7% In Q3
Thu, 19 Oct 2017 02:20:33 GMT
China's gross domestic product expanded 1.7 percent on quarter in the third quarter of 2017, the National Bureau of Statistics said on Thursday.
SPPI Breathes Easy On Trial Results, PTI Awaits Data In Q4, HAIR Keeps Receding
Thu, 19 Oct 2017 02:01:10 GMT
The following are some of the biotech stocks that made their way onto the Day's Gainers & Losers' list of October 18, 2017.
Special Report: Backroom battle imperils $230 million cryptocurrency venture
Thu, 19 Oct 2017 01:56:27 GMT
ZUG, Switzerland/NEW YORK (Reuters) - Just three months ago, a tech project called Tezos raised $232 million online in a wildly successful "initial coin offering," in which new digital currency is parcelled out to buyers. At the time, it was the most money ever raised from the public in the white-hot cryptocurrency sector.
ADP is already making changes Ackman wants: CEO
Thu, 19 Oct 2017 01:53:50 GMT
NEW YORK (Reuters) - Automatic Data Processing Inc is already making many of the changes activist shareholder William Ackman is advocating, but it will take time to see results, Chief Executive Officer Carlos Rodriguez said in an interview on Wednesday.
ADP is already making changes Ackman wants: CEO
Thu, 19 Oct 2017 01:53:50 GMT
NEW YORK (Reuters) - Automatic Data Processing Inc is already making many of the changes activist shareholder William Ackman is advocating, but it will take time to see results, Chief Executive...
Australia Jobless Rate Falls To 5.5% In September
Thu, 19 Oct 2017 00:50:32 GMT
The unemployment rate in Australia was a seasonally adjusted 5.5 percent in September, the Australian Bureau of Statistics said on Thursday.
U.S. bankers hold onto hopes that Trump will boost profits
Thu, 19 Oct 2017 00:41:29 GMT
NEW YORK (Reuters) - Top U.S. bankers are still hoping that President Trump's administration will make policy changes to boost profits, but made clear in public comments in recent days that they are not seeing any signs of progress so far.
Australia Jobless Rate Sinks To 5.5% In September
Thu, 19 Oct 2017 00:40:32 GMT
The unemployment rate in Australia came in at a seasonally adjusted 5.5 percent in September, the Australian Bureau of Statistics said on Thursday.
Japan September Trade Surplus Y670.17 Billion
Thu, 19 Oct 2017 00:20:32 GMT
Japan posted a merchandise trade surplus of 670.17 billion yen in September, the Ministry of Finance said on Thursday.
Japan Has Y670.2 Billion Trade Surplus In September
Thu, 19 Oct 2017 00:05:32 GMT
Japan had a merchandise trade surplus of 670.2 billion yen in September, the Ministry of Finance said on Thursday.
Exclusive: Baupost's Klarman resists calls to wipe out Puerto Rico debt
Wed, 18 Oct 2017 23:39:41 GMT
BOSTON (Reuters) - Billionaire investor Seth Klarman on Wednesday resisted calls for Puerto Rico's debt to be wiped out and said the island's residents will be better off in the long run if obligations are honored.
Exclusive: Baupost's Klarman resists calls to wipe out Puerto Rico debt
Wed, 18 Oct 2017 23:39:41 GMT
BOSTON (Reuters) - Billionaire investor Seth Klarman on Wednesday resisted calls for Puerto Rico's debt to be wiped out and said the island's residents will be better off in the long run if...
EBay's profit forecast disappoints, shares fall
Wed, 18 Oct 2017 23:15:47 GMT
(Reuters) - EBay Inc warned Wall Street on Wednesday that profit this quarter could fall below analysts' estimates as it invests in marketing and a revamped website to attract more shoppers, sending shares down more than 5 percent in after-hours trade.
Kenneth Chenault to step down as AmEx CEO after nearly 17 years
Wed, 18 Oct 2017 23:12:51 GMT
(Reuters) - American Express Co said its chairman and chief executive Kenneth Chenault would step down early next year, ending a nearly 17-year tenure at the helm of the No. 1 U.S. card issuer by spending.
Kenneth Chenault to step down as AmEx CEO after nearly 17 years
Wed, 18 Oct 2017 23:12:51 GMT
(Reuters) - American Express Co said its chairman and chief executive Kenneth Chenault would step down early next year, ending a nearly 17-year tenure at the helm of the No. 1 U.S. card issuer by...
Blue Apron cuts 6 percent of its workforce
Wed, 18 Oct 2017 22:59:13 GMT
(Reuters) - Blue Apron Holdings Inc said it had cut about 6 percent of its total workforce, nearly four months after going public, as the meal-kit delivery company comes under increasing pressure from deep-pocketed rivals such as Amazon.com Inc .
ARGENTINA: Merval Falls 1.41% Amid Profit-taking
Wed, 18 Oct 2017 22:50:31 GMT
Merval, the main index of the Buenos Aires Stock Exchange, fell 1.41% Wednesday, closing at 26,246.59 points while investors move ahead with a profit-taking movement. The Argentinean market players are taking for granted that candidates supported by Mauricio Macri's administration will win next Sunday's legislative.
China Data Deluge Due On Thursday
Wed, 18 Oct 2017 22:30:32 GMT
China is scheduled to release a raft of data on Thursday, headlining a busy day in Asia-Pacific economic activity. On tap are Q3 figures for GDP, plus September numbers for industrial production, retail sales and fixed asset investment.
COLOMBIA: Trade Deficit Decreases In August On Annual Basis
Wed, 18 Oct 2017 22:21:07 GMT
Colombia's trade balance recorded a US$ 929.6 million deficit in August, from a US$ 991.1 million deficit in the same period of 2016, the country's statistics office said on Wednesday.
COLOMBIA: Chinese Delegation Visits The Country To Inspect Avocado Imports
Wed, 18 Oct 2017 22:04:27 GMT
Colombian Minister of Agriculture and Rural Development Luis Zuluaga welcomed a Chinese health authority delegation to the South American country recently. Chinese inspectors intend to stay in Colombia until October 22 to evaluate quality procedures for the admissibility of Hass avocado imports into its markets.
BRAZIL: Electricity Tariff Should Incorporate Demand Changes, Says Regulator
Wed, 18 Oct 2017 21:52:12 GMT
Brazil should incorporate variations in power demand to the electricity price in the future, in spite of the near-term obstacles to that kind of change, said the director of the power sector regulator Aneel, Jos‚ Jurhosa Junior.
United Airlines profit falls, sees margin decline this quarter
Wed, 18 Oct 2017 21:36:03 GMT
(Reuters) - United Airlines on Wednesday said its third-quarter net income fell slightly less than investors had feared as the third-largest U.S. carrier was hit by $185 million in pre-tax losses caused by canceled flights during the Atlantic hurricane season.
Death toll in California wildfires grows to 42, PG&E sued by couple who lost home
Wed, 18 Oct 2017 20:34:00 GMT
The death toll in the Northern California wildfires grew to 42 people as PG&E was hit with a lawsuit in the disaster.
Lofty Align Tech shares may rise more on U.S. tax cut, index inclusion
Wed, 18 Oct 2017 20:16:42 GMT
NEW YORK (Reuters) - Prospects for steep U.S. tax cuts are raising the ceiling for already-frothy shares of Wall Street-favorite Align Technology Inc even as patents expire for some of the technology...
Major Averages All Close Higher But Dow Outperforms - U.S. Commentary
Wed, 18 Oct 2017 20:15:49 GMT
While a jump by shares of IBM (IBM) contributed to a notable advance by the Dow, the broader Nasdaq and S&P 500 spent much of the trading day on Wednesday lingering near the unchanged line. The major averages still all reached new record closing highs.
CARREFOUR: Gross Revenue Rises 5.5% To R$ 12.2 Billion In 3Q17
Wed, 18 Oct 2017 20:12:41 GMT
Grupo Carrefour Brasil's gross sales revenue grew by 5.5% in the third quarter of 2017, excluding fuels, to R$ 12.2 billion (US$ 3.84 billion), compared to the same period in 2016. Same-store sales, which account for the results of stores operating for at least one year, increased 1.1%.
Ford to recall 1.34 million trucks in North America for door latch fix
Wed, 18 Oct 2017 20:03:11 GMT
WASHINGTON (Reuters) - Ford Motor Co said on Wednesday it would recall 1.34 million 2015-17 Ford F-150 and 2017 Ford Super Duty trucks in North America to add water shields to side door latches at a cost of $267 million.
BRAZIL: Economic Activity Index Falls More Than Expected In August
Wed, 18 Oct 2017 19:53:18 GMT
The Brazilian economic activity index (IBC-Br), which acts as a proxy for the country's GDP, fell 0.38% in August compared to July, to 135.05 points, receding from the highest level of the year. Analysts expected a 0.25% decrease.
An athletic shoe brand taps a DJ to tell its story, as competition with Amazon intensifies
Wed, 18 Oct 2017 18:54:00 GMT
Asics' "I Move Me" campaign, which rolls out online and in Asics' handful of stores, was crafted with DJ Steve Aoki.
Trump Claims "People On Both Sides" Support Tax Reform
Wed, 18 Oct 2017 18:29:45 GMT
While Democrats have largely been critical of the Republican tax reform plan, President Donald Trump has claimed the proposal has some bipartisan support. Trump suggested to reporters ahead of a meeting with members of the Senate Finance Committee on Wednesday that "people on both sides" support the tax reform plan.
Electronic Arts shares tumble on Star Wars game delay
Wed, 18 Oct 2017 18:18:00 GMT
The company announced it was pushing back the release date of an as-yet unnamed title set in the Star Wars universe.
Trump Denies Congresswoman's Claim About Comments To Soldier's Widow
Wed, 18 Oct 2017 17:34:58 GMT
President Donald Trump has vehemently denied a Congresswoman's accusation that he made insensitive remarks to the widow of a U.S. soldier killed in an ambush in Niger. Trump claimed in a post on Twitter on Wednesday that Congresswoman Frederica Wilson, D-Fla., had "totally fabricated" the story.
Fund investors wary of greed amid U.S. stock rally
Wed, 18 Oct 2017 17:16:56 GMT
NEW YORK (Reuters) - U.S. fund investors stockpiled more cash abroad and in bonds during the latest week, Investment Company Institute data showed on Wednesday, resisting the temptation to chase...
Deductibles hold the key to the best health plan picks
Wed, 18 Oct 2017 17:15:48 GMT
NEW YORK (Reuters) - As you pick health insurance during open enrollment at work this fall, you will probably be spared the painful premium increases that shocked American families earlier this...
Toyota recalls more than 300,000 Sienna vehicles
Wed, 18 Oct 2017 16:58:00 GMT
Bye-bye, 747s: Check out Delta's new flagship aircraft, the Airbus A350
Wed, 18 Oct 2017 16:11:00 GMT
Delta Air Lines will retire its Boeing 747s. Meet its replacement: The sleek, two-engine Airbus A350.
Dow Remains Firmly Positive, Nasdaq Slightly Lower - U.S. Commentary
Wed, 18 Oct 2017 16:00:48 GMT
While the Dow has climbed firmly into positive territory, the broader Nasdaq and S&P 500 have spent much of the trading session on Wednesday lingering near the unchanged line. The choppy trading comes on the heels of the mixed performance seen in the previous session.
Trump Seen As More In Touch With GOP Voters Than Republican Lawmakers
Wed, 18 Oct 2017 15:48:57 GMT
Potentially raising concerns among Republican lawmakers facing primary challenges from the right, the results of a Politico/Morning Consult show President Donald Trump is seen as more in touch with GOP voters. Fifty-seven percent of self-identified Republican voters said Trump is more in touch with them.
'It's very hard not to give tax cuts to the wealthy,' Steven Mnuchin now says
Wed, 18 Oct 2017 15:34:00 GMT
The Trump administration has now completed wholesale repeal of the "Mnuchin Rule."
US 10-year yield flashes possible warning: Dallas Fed's Kaplan
Wed, 18 Oct 2017 15:10:00 GMT
The slippage may reflect expectations of slower long-term domestic economic growth.
Weinstein Resigns From TWC Board As Sex Scandal Widens
Wed, 18 Oct 2017 15:05:06 GMT
Embattled Hollywood film producer Harvey Weinstein, who is facing fresh allegations of sexual misconduct against him, has resigned from the board of directors of the film production company that he co-founded.
EA Shuts Down Unit Making Star Wars Games
Wed, 18 Oct 2017 14:55:39 GMT
Electronic Arts Inc. said it is shutting down its Visceral Games Studio and making major changes to its upcoming Star Wars project currently being developed by the studio. Visceral Games is best known for creating the "Dead Space" series.
Dow Climbs To New Record High Amid Jump By IBM - U.S. Commentary
Wed, 18 Oct 2017 14:48:49 GMT
Stocks are turning in another lackluster performance in morning trading on Wednesday after ending the previous session mixed. The Dow has climbed firmly into positive territory, although the broader Nasdaq and S&P 500 have been lingering near the unchanged line.
'The housing market can't take the shock of a natural event,' real estate economist warns
Wed, 18 Oct 2017 14:43:00 GMT
Given the acute construction labor shortage, reconstruction and its repercussions in residential real estate could be yet another disaster.
RBNZ May Hike Rates Earlier Than Markets Expect: Capital Economics
Wed, 18 Oct 2017 14:18:46 GMT
The modest rise in headline and underlying price pressures in the third quarter suggest that interest rates may increase a little bit earlier than the Reserve Bank of New Zealand's current suggestion of sometime late in 2019, Paul Dales, an economist at Capital Economics, said.
Canada's Mortgage Rules Just Got Tougher
Wed, 18 Oct 2017 14:13:37 GMT
Canada's banking regulator has released tougher mortgage-financing rules for borrowers in the uninsured segment of the mortgage market, which has been responsible for the major share of growth recently. It includes a requirement to "stress test" borrowers with uninsured loans to ensure they can withstand the impact of higher interest rates.
Rising seas threaten nearly $1 trillion worth of US homes, says Zillow
Wed, 18 Oct 2017 14:02:00 GMT
More than $900 billion worth of U.S. residential real estate could be lost, a new report says.
New ETF has robots pick investments
Wed, 18 Oct 2017 13:49:48 GMT
The AI Powered Equity Exchange-Traded Fund , which launched in the United States on Wednesday, will use IBM Corp's Watson artificial intelligence technology to pick several dozen stocks with...
Mnuchin Warns Of Stock Market Pullback If Tax Reform Fails
Wed, 18 Oct 2017 13:49:22 GMT
President Donald Trump has frequently touted the strength seen on Wall Street since his election, but Treasury Secretary Steven Mnuchin has warned the stock markets could see a significant pullback if Republican lawmakers fail in their efforts to pass tax reform.
Branson says Alaska Air castrated Virgin America: ‘I don’t normally take these things lying down’
Wed, 18 Oct 2017 13:40:00 GMT
Billionaire Richard Branson is not putting the sale of Virgin America to Alaska Air behind him.
The same federal lawmakers who regulate Amazon are wooing the company in the race for HQ2
Wed, 18 Oct 2017 13:31:00 GMT
Democrats and Republicans in Congress are warring to snag the jobs and investment that might come from HQ2, Recode reports.
US Author George Saunders Wins Man Booker Prize For 'Lincoln In The Bardo'
Wed, 18 Oct 2017 13:22:52 GMT
American author George Saunders has won The Man Booker Prize for his fiction "Lincoln in the Bardo," that tells the story of President Abraham Lincoln's grief after the death of his young son, and his visits to his tomb.
U.S. Housing Starts Slump To Lowest Level In A Year In September
Wed, 18 Oct 2017 13:14:44 GMT
With Hurricanes Harvey and Irma disrupting new residential construction in the South, the Commerce Department released a report on Wednesday showing a substantial decrease in housing starts in the month of September. The Commerce Department said housing starts plunged by 4.7 percent.
U.S. Housing Starts Slump To Lowest Level In A Year In September
Wed, 18 Oct 2017 13:14:44 GMT
With Hurricanes Harvey and Irma disrupting new residential construction in the South, the Commerce Department released a report on Wednesday showing a substantial decrease in housing starts in the month of September. The Commerce Department said housing starts plunged by 4.7 percent.
Health insurer Anthem takes pharmacy business in house, taps CVS to help
Wed, 18 Oct 2017 13:03:00 GMT
Health insurer Anthem says it will start managing its billions of dollars of patient prescriptions itself in 2020.
Xi Comments, Earnings News May Lead To Continued Strength On Wall Street
Wed, 18 Oct 2017 12:57:03 GMT
The major U.S. index futures are pointing to a higher opening on Wednesday following the mixed performance seen in the previous session.
UK House Price Growth Likely To Soften In Coming Months
Wed, 18 Oct 2017 12:53:41 GMT
Further slowdown in London house price inflation suggest that the British house price growth is set to soften in the months ahead, Hansen Lu, an economist at Capital Economics, said.
Stocks May Extend Recent Uptrend In Early Trading - U.S. Commentary
Wed, 18 Oct 2017 12:53:32 GMT
Following the mixed performance seen in the previous session, stocks may move to the upside in early trading on Wednesday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 91 percent.
U.S. Housing Starts Slump Much More Than Expected In September
Wed, 18 Oct 2017 12:38:36 GMT
After reporting an unexpected drop in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Wednesday showing housing starts continued to see substantial weakness in the month of September.
US housing starts hit one-year low; building permits tumble
Wed, 18 Oct 2017 12:30:00 GMT
U.S. homebuilding fell to a one-year low in September as Hurricanes Harvey and Irma disrupted the construction of single-family homes in the South.
McDonald's Offering Lockers For Smartphones
Wed, 18 Oct 2017 12:22:21 GMT
McDonald's offers smartphone lockers so as to help customers spend quality time during family meals. The "Phone off. Fun On" campaign, introduced recently in a Singapore branch, aims to encourage diners to take a break from the virtual world to have real conversations over meals.
UK Jobless Rate Steady At 42-Year Low, Wage Squeeze Continues
Wed, 18 Oct 2017 12:11:09 GMT
The UK unemployment rate held steady at the lowest level since 1975 and the wage squeeze continued, data from the Office for National Statistics showed Wednesday. The ILO jobless rate came in at 4.3 percent in the three months to August, the lowest since 1975, and in line with expectations. In the same period of 2016, the rate was 5 percent.
UK Jobless Rate Steady At 42-Year Low, Wage Squeeze Continues
Wed, 18 Oct 2017 12:11:09 GMT
The UK unemployment rate held steady at the lowest level since 1975 and the wage squeeze continued, data from the Office for National Statistics showed Wednesday. The ILO jobless rate came in at 4.3 percent in the three months to August, the lowest since 1975, and in line with expectations. In the same period of 2016, the rate was 5 percent.
Trump Warns McCain Over 'Spurious Nationalism' Remarks
Wed, 18 Oct 2017 12:06:29 GMT
The verbal spat between President Donald Trump and Senator John McCain has taken a serious turn with the former issuing a warning shot against the veteran Republican leader who denounced "half-baked, spurious nationalism" in US foreign policy.
Wall Street Poised To Surge At Opening
Wed, 18 Oct 2017 11:47:30 GMT
The market is awaiting the Beige Book as well as Housing Statistics that will be published on Wednesday. Asian shares closed mixed, while European shares is trading up. Early signs from U.S. futures Index suggest that Wall Street will be surging at the opening.
ECB's Hansson Says It's Time To Think Of Making Policy Less Accomodative
Wed, 18 Oct 2017 11:42:51 GMT
Eurozone's strengthening economy suggest that it may be time to think of modest tightening of monetary policy, European Central Bank policymaker Ardo Hansson said in an interview published Wednesday.
South Africa Retail Sales Growth Exceeds Forecast
Wed, 18 Oct 2017 11:19:14 GMT
South Africa's retail sales growth accelerated at a faster-than-expected pace in August, preliminary figures from Statistics South Africa showed on Wednesday.
U.S. Bancorp Q3 Profit Matches Estimates; Net Revenue Up 4.1% YoY
Wed, 18 Oct 2017 11:16:50 GMT
U.S. Bancorp (USB) reported net income of $1.56 billion for the third quarter of 2017, or $0.88 per share, compared to $1.50 billion, or $0.84 per share, in the third quarter of 2016. On average, 28 analysts polled by Thomson Reuters expected the company to report profit per share of $0.88 for the quarter. Analysts' estimates typically exclude special items. The company said the increase in net income year-over-year was principally due to a 4.1 percent increase in total net revenue driven by higher net interest income, partially offset by a 3.7 percent increase in noninterest expense.
Bulgaria Current Account Surplus Grows In August
Wed, 18 Oct 2017 10:54:33 GMT
Bulgaria's current account surplus increased in August from a year ago, figures from the Bulgarian National Bank showed Wednesday.
Harvey Weinstein resigns from Weinstein Co. board
Wed, 18 Oct 2017 10:22:00 GMT
Harvey Weinstein has resigned from the board of The Weinstein Co., he faces allegations that he sexually harassed or assaulted a number of women.
European Shares Rise As Dollar Edges Up On Fed Speculation
Wed, 18 Oct 2017 10:16:46 GMT
European stocks were modestly higher on Wednesday as the dollar firmed up on speculation over next Fed Chair, China pledged to deepen economic and financial reforms, and a survey showed Japanese Prime Minister Shinzo Abe's coalition is on track for a roughly two-thirds majority in Sunday's general election.
Eurozone Construction Output Contracts In August
Wed, 18 Oct 2017 10:10:14 GMT
Eurozone construction output declined for the first time in five months in August, figures from Eurostat showed Wednesday.
Amazon, eBay accused of ‘profiting’ from tax fraud in UK
Wed, 18 Oct 2017 09:37:00 GMT
The companies say they take the problem seriously.
JPMorgan buys fintech start-up WePay
Wed, 18 Oct 2017 09:36:00 GMT
The investment bank said Tuesday it would provide its 4 million small businesses clients with WePay's payments technology.
The 'Amazon experience' goes live at Kohl's
Wed, 18 Oct 2017 09:00:00 GMT
Starting Wednesday, 10 Kohl's stores in the Los Angeles and Chicago markets will both sell Amazon's smart home products and accept Amazon returns.
UK Jobless Rate Lowest Since 1975
Wed, 18 Oct 2017 08:58:02 GMT
The UK unemployment rate held steady at the lowest level since 1975, the Office for National Statistics said Wednesday.
South Africa Inflation Accelerates More Than Forecast
Wed, 18 Oct 2017 08:24:43 GMT
South Africa's consumer price inflation accelerated at a faster-than-expected pace in September, data from Statistics South Africa showed Wednesday.
Asian Shares Mixed As Pivotal Meeting Begins In Beijing
Wed, 18 Oct 2017 08:19:16 GMT
Asian stocks turned in a mixed performance on Wednesday as China's ruling Communist Party began its week-long once-in-a-five-year Congress and a survey showed Japanese Prime Minister Shinzo Abe's coalition is on track for a roughly two-thirds majority in Sunday's general election.
Catalonia doesn't matter for capital markets in Europe: Pro
Wed, 18 Oct 2017 07:15:00 GMT
Beat Wittmann, co-founder, partner and chairman for Porta Advisors, speaks about the Catalan independence movement.
Akzo Nobel issues profit warning after third-quarter earnings miss
Wed, 18 Oct 2017 06:41:00 GMT
The Dutch paint maker reported lower-than-expected third-quarter operating earnings of 383 million euros.
ASML Q3 Profit Climbs, Margin Down; Confirms FY17 Sales Growth View
Wed, 18 Oct 2017 06:38:24 GMT
Dutch semiconductor equipment maker ASML Holding NV reported Wednesday higher profit in its third quarter as sales were boosted mainly with strong demand for DUV Systems. Meanwhile, margin declined. Looking ahead, the company projects sequentially lower sales in its fourth quarter. For fiscal 2017, the company maintained forecast for higher sales.
Bannon snubs Trump plea to back off from GOP establishment
Wed, 18 Oct 2017 06:33:00 GMT
Former presidential strategist Steve Bannon doubled down on his criticism of the GOP establishment at a Tuesday night fundraiser for a challenger to Arizona's incumbent Sen. Jeff Flake.
Boeing says Bombardier jets could still face hefty duties even if they are assembled in Alabama
Wed, 18 Oct 2017 06:12:00 GMT
Boeing said that the announced deal has no effect on the pending U.S. Department of Commerce proceedings.
UK Marketing Budget Growth Weakest Since 2016
Wed, 18 Oct 2017 06:00:51 GMT
UK companies' marketing budgets increased in the third quarter but the pace of growth was the weakest in more than a year, the latest IPA Bellwether Report showed Wednesday.
European Shares Seen Up Ahead Of Draghi Speech
Wed, 18 Oct 2017 05:53:22 GMT
European stocks may open higher on Wednesday as oil consolidated overnight gains and the dollar traded firm on inflation expectations and amid the buzz that U.S. President Donald Trump is leaning toward nominating Stanford University economist John Taylor to head the Federal Reserve.
InterContinental is bringing two new hotel brands to Asia
Wed, 18 Oct 2017 05:20:00 GMT
U.K.-based InterContinental Hotels announced it is planning to bring two hotel brands to China and Asia Pacific.
South Korea Money Supply Growth Eases Further
Wed, 18 Oct 2017 05:13:33 GMT
South Korea's money supply growth eased for the fourth straight month in August, preliminary figures from Bank of Korea showed Wednesday.
European Economics Preview: UK Jobless Rate Data Due
Wed, 18 Oct 2017 05:12:20 GMT
Labor market statistics from the UK is due on Wednesday, headlining a light day for the European economic news.
Why Chinese President Xi Jinping is being compared to Russia's Putin
Wed, 18 Oct 2017 05:11:00 GMT
CNBC's Eunice Yoon and Martin Soong discuss what could be on the agenda for the Chinese Communist Party's National Congress.
European shares open slightly higher as earnings season picks up the pace
Wed, 18 Oct 2017 05:11:00 GMT
European markets opened higher as investors monitored the latest batch of earnings and economic data releases.
Leadership on Kirkuk oil field not clear: S&P Global Platts
Wed, 18 Oct 2017 05:11:00 GMT
Herman Wang, OPEC specialist at S&P Global Platts, speaks about oil investment in Iraq.
Politicians could become less pro-capital markets: Quilter Cheviot
Wed, 18 Oct 2017 05:11:00 GMT
David Miller, investment director at Quilter Cheviot, discusses the relationship between political events and capital markets.
China needs to balance economic growth with clean air: Portfolio manager
Wed, 18 Oct 2017 05:11:00 GMT
Conrad Saldanha, senior portfolio manager for emerging market equities at Neuberger Berman, speaks about the Chinese economy.
China to create more pressure in Asia as its economic power grows: Pro
Wed, 18 Oct 2017 05:11:00 GMT
Miranda Carr, senior analyst at Haitong Securities, speaks about Chinese foreign policy.
Xi focused on strengthening Chinese state, not personality cult around himself: Analyst
Wed, 18 Oct 2017 05:11:00 GMT
Miranda Carr, senior analyst at Haitong Securities, responds to Chinese President Xi Jinping's address at the Communist Party National Congress.
Three ways to make money out of China's economic success story
Wed, 18 Oct 2017 05:11:00 GMT
Beat Wittmann, co-founder, partner and chairman at Porta Advisors, speaks about different investment strategies in the world's second-largest economy.
South Korea Jobless Rate Falls In September
Wed, 18 Oct 2017 04:02:15 GMT
South Korea's unemployment rate decreased slightly in September, figures from Statistics Korea showed Wednesday.
US tax reform may help economy : NY Fed's Dudley
Wed, 18 Oct 2017 04:00:00 GMT
N.Y. Federal Reserve President William Dudley said a U.S. tax code overhaul to make it simpler and more broad-based should boost overall economic growth.
Amazon has brought benefits—and disruption—to Seattle
Wed, 18 Oct 2017 04:00:00 GMT
While lawmakers, economists and many residents say the benefits clearly outweigh any drawbacks - life in Seattle is one more endeavor Amazon has disrupted.
Amazon has brought benefits—and disruption—to Seattle
Wed, 18 Oct 2017 04:00:00 GMT
While lawmakers, economists and many residents say the benefits clearly outweigh any drawbacks - life in Seattle is one more endeavor Amazon has disrupted.
Former GE CEO Immelt reportedly used two corporate jets on some trips
Wed, 18 Oct 2017 04:00:00 GMT
WSJ reports former CEO Jeff Immelt used two private jets when traveling. Internal airline is among new CEO John Flannery's first cost cuts.
This airline has lost three CEOs in less than three years
Wed, 18 Oct 2017 03:28:00 GMT
Malaysia Airlines CEO Peter Bellew is leaving after just over a year in charge to return to Ryanair as chief operations officer.
Asian Markets Mostly Higher Amid Cautious Trades
Wed, 18 Oct 2017 03:26:29 GMT
Asian stock markets are mostly higher on Wednesday, with investors trading cautiously as China's President Xi Jinping spoke at the beginning of the Communist Party's 19th National Congress, the most important political meeting of the party in the past five years. Investors are waiting for clues on future policy direction in the world's second-largest economy.
VYGR Cruises Ahead, APVO On Track, ARDX Continues To Fall, AGRX On Watch
Wed, 18 Oct 2017 02:03:12 GMT
The following are some of the biotech stocks that made their way onto the Day's Gainers & Losers' list of October 17, 2017.
Ackman, ADP board nominees to discuss plans for company Thursday
Wed, 18 Oct 2017 01:23:39 GMT
(Reuters) - Activist investor William Ackman's dissident director candidates for board seats at Automatic Data Processing Inc will answer questions about their plans for the company on Thursday ahead...
Australia Leading Index Ticks Higher In September - Westpac
Tue, 17 Oct 2017 23:51:50 GMT
The Australian economy showed a slight rebound in September, the latest survey from Westpac Bank revealed on Wednesday.
ARGENTINA: Merval Falls 1.91%, Tracking ADRs
Tue, 17 Oct 2017 23:20:55 GMT
Merval, the main index of the Buenos Aires Stock Exchange, tumbled 1.91% Tuesday, closing at 26,622.40 points in the first trading session of the week after a holiday in Argentina.
George Soros foundations now control $18 billion: reports
Tue, 17 Oct 2017 22:58:11 GMT
NEW YORK (Reuters) - Investor George Soros has transferred about $18 billion, the majority of his estimated fortune, to his Open Society Foundations, making them the second largest philanthropic...
BRAZIL: Delay In Pension Reform May Halt Rate Cuts By The Central Bank
Tue, 17 Oct 2017 22:46:58 GMT
The delays faced by the pension reform bill in Brazil's Congress should restrain the central bank's monetary policy committee ability to cut the benchmark interest rate or even halt that effort if legislators wait until 2019 to vote on the legislation.
Q&A: Jewel learned her life lessons from nature, books and pain
Tue, 17 Oct 2017 21:51:38 GMT
NEW YORK (Reuters) - Jewel's rise in the music world from the Alaska frontier to first-name-only star is almost unbelievable: Girl endures an abusive environment, becomes homeless - and then not only...
Hawaiian Airlines CEO shrugs off 'Southwest Effect' as budget carrier plans to enter market
Tue, 17 Oct 2017 21:24:00 GMT
Mark Dunkerley said that, in the past, Hawaiian has responded well to increased competition.
Dow, S&P 500 Reach Record Highs Despite Choppy Trading - U.S. Commentary
Tue, 17 Oct 2017 20:18:11 GMT
After ending the previous session modestly higher, stocks showed a lack of direction over the course of the trading day on Tuesday. Despite the choppy trading on the day, the Dow and the S&P 500 reached new record closing highs.
George Soros just gave almost 80 percent of his wealth to his charity
Tue, 17 Oct 2017 20:03:00 GMT
George Soros transferred the bulk of his wealth to his charitable organization, the Open Society Foundations.
Bipartisan Senators Announce Short-Term Obamacare Deal
Tue, 17 Oct 2017 18:57:54 GMT
Leaders of the Senate Health Committee revealed Tuesday they have reached an agreement on legislation to provide short-term stability to Obamacare. Committee Chairman Lamar Alexander, R-Tenn., and ranking member Patty Murray, D-Wash., announced the bipartisan agreement.
Rand Paul Signals Opposition To GOP Budget Resolution
Tue, 17 Oct 2017 18:19:09 GMT
In a potential blow to Republican tax reform efforts, Senator Rand Paul, R-Ken., has signaled he is prepared to vote against the budget resolution Republicans intend to use as a vehicle for the tax cuts.
CSX 'had some embarrassing situations' this year, CEO tells investors
Tue, 17 Oct 2017 18:04:00 GMT
The aggressive overhaul of CSX by CEO Hunter Harrison is not quite a success yet.
Obama Aide Slams Trump As A "Deranged Animal"
Tue, 17 Oct 2017 17:49:41 GMT
Aides to former President Barack Obama have launched harsh attacks on President Donald Trump after the president claimed that his predecessor did not call the families of fallen U.S. service members.
Tech's 'winner take all' system is making valuations spike, says NYU professor
Tue, 17 Oct 2017 17:19:00 GMT
"This valuation number is hard to even call it a number. It really is an illusionist trick," Galloway said.
No one, not even Trump, knows who the next Fed chair will be
Tue, 17 Oct 2017 17:18:00 GMT
At this point, even President Donald Trump doesn't know who the next Fed chair will be, Politico's Ben White says.
Major Averages Remain Mixed In Mid-Day Trading - U.S. Commentary
Tue, 17 Oct 2017 15:57:26 GMT
After initially showing a lack of direction, stocks continue to turn in a lackluster performance in mid-day trading on Tuesday. The major averages have spent the trading day bouncing back and forth across the unchanged line.
Attorney who sued PG&E before faults California for history of utility fire disasters
Tue, 17 Oct 2017 15:47:00 GMT
PG&E could be on the hook for up to $6 billion if found liable for the current wildfires, according to a fire attorney.
Larry Summers: Hassett's analysis of the Trump tax plan is 'dishonest, incompetent and absurd'
Tue, 17 Oct 2017 14:43:00 GMT
Hassett's claim that cutting the corporate tax rate to 20 per cent would raise wages by $4,000 per worker is absurd, says Larry Summers.
Canada, Mexico to firmly reject US NAFTA proposals but will offer to keep negotiations going: Sources
Tue, 17 Oct 2017 14:42:00 GMT
Canada and Mexico will not walk away from the NAFTA negotiating table, despite an outright rejection of the U.S. demands.
ChargePoint hires Uber EMEA policy chief as its top Europe exec
Tue, 17 Oct 2017 14:23:00 GMT
Uber faced a year of mounting scandals and regulatory battles after Burghardt signed on last September as policy and communications chief.
Downsizing in the sky: The maker of the world's biggest passenger plane is betting on a small jet
Tue, 17 Oct 2017 14:18:00 GMT
Airbus is taking a majority stake in a small jet program mired in a trade dispute.
Mexico's tech industry is booming as Trump's anti-immigration stance pushes workers abroad
Tue, 17 Oct 2017 14:11:00 GMT
Trump's efforts to reduce immigration to the U.S. have prompted countries to step up recruiting tech workers and startup companies.
Homebuilder confidence jumps to 6-month high in October
Tue, 17 Oct 2017 14:00:00 GMT
After a hurricane-induced dip, confidence among U.S. homebuilders increased more than expected in October.
Powell likely next Fed chief, though Yellen best suited: economists
Tue, 17 Oct 2017 13:44:00 GMT
"A regime change can be a little more rattling and unnerving for markets," said Ryan Sweet at Moody's Analytics.
This former Soviet nation plans to launch its own cryptocurrency
Tue, 17 Oct 2017 13:31:00 GMT
Kazakhstan would follow in the footsteps of a number of countries and regulators to indicate interest in its own cryptocurrency.
US industrial output picks up in September
Tue, 17 Oct 2017 13:15:00 GMT
U.S. industrial output was expected to bounce back in September.
US online retail sales likely to surpass $1 trillion by 2027, consulting group says
Tue, 17 Oct 2017 12:57:00 GMT
U.S. online retail sales will surpass $1 trillion by 2027 compared with $445 billion this year, according to a forecast by business advisory firm FTI Consulting Inc, as more Americans move away from brick-and-mortar stores.
Futures Pointing To Mixed Open On Wall Street
Tue, 17 Oct 2017 12:48:14 GMT
The major U.S. index futures are pointing to a mixed opening on Tuesday, as the Dow futures are up by 23 points but the Nasdaq futures are down by 3 points.
Procter & Gamble says activist investor Nelson Peltz lost board seat bid by around 6 million votes—just 0.2 percent
Tue, 17 Oct 2017 11:48:00 GMT
Procter & Gamble said activist hedge fund manager Nelson Peltz had lost his bid to win a seat on the board by about 6.15 million votes.
Theme park owner sees its shares tank after warning that terrorism is hitting profits
Tue, 17 Oct 2017 10:32:00 GMT
The stock fell up to 21 percent after Merlin forecast core earnings for 2017 in the range of 470 million pounds to 480 million pounds ($622-$636 million).
Snap teams with NBCUniversal in drive for TV shows on Snapchat
Tue, 17 Oct 2017 10:24:00 GMT
Snap just made a major move to compete with Netflix and Amazon.
Why the best thing for Fed is to shock the market, according to one strategist
Tue, 17 Oct 2017 07:43:00 GMT
Simon Derrick, chief currency strategist at BNY Mellon, discusses potential policy moves from the U.S. Federal Reserve.
Spanish government could take control to diffuse the crisis: Spokesperson
Tue, 17 Oct 2017 07:06:00 GMT
Toni Timoner, U.K. spokesman for Spain's ruling Partido Popular, speaks about what could happen next in Catalan's bid for independence.
Third quarter acceleration, low inflation have led to momentum in markets: Pro
Tue, 17 Oct 2017 07:05:00 GMT
Didier Duret, chief investment officer at ABN AMRO Private Banking, and Simon Derrick, chief currency strategist at BNY Mellon, speaks about trends in markets.
Netflix subscriber growth tops estimates in the third quarter
Tue, 17 Oct 2017 06:47:00 GMT
CNBC's Arjun Kharpal discusses Netflix's strategy as the platform grows by more than 5 million subscribers worldwide in the third quarter of this year.
Independence question can't remain unanswered: Spanish deputy prime minister
Tue, 17 Oct 2017 06:43:00 GMT
CNBC's Willem Marx speaks about the Spanish government's potential to trigger Article 155, thereby threatening the Catalan region's autonomy.
Europe markets open slightly higher amid earnings and UK inflation data
Tue, 17 Oct 2017 06:43:00 GMT
European markets opened slightly higher as investors monitored the latest political developments coming out of the euro zone.
Trump to announce next Fed chair by the end of October
Tue, 17 Oct 2017 05:04:00 GMT
CNBC's Joumanna Bercetche says that the next chairman of the U.S. Federal Reserve could be more pro-regulation than incumbent Janet Yellen.
Definitely need to monitor Italian banks: AllianceBernstein
Tue, 17 Oct 2017 05:04:00 GMT
Jorgen Kjaersgaard, head of European credit at AllianceBernstein, discusses how European banks can deal with non-performing loans.
How US investors view a change of leadership at the Fed
Tue, 17 Oct 2017 05:04:00 GMT
Jeff Peskind, founder and CIO at Phoenix Investment Adviser, speaks about potential leadership and policy shifts at the U.S. Federal Reserve.
Our earnings are encouraging but 'still a lot of work to do': Pearson CEO
Tue, 17 Oct 2017 05:04:00 GMT
Pearson CEO John Fallon says that disruption in education publishing will hurt his company in the short term, but are a long-term growth opportunity.
Two Catalan separatist leaders jailed
Tue, 17 Oct 2017 05:04:00 GMT
CNBC's Willem Marx discusses the Catalan independence movement and potential moves from the Madrid central government to address the issue.
Horse race for Fed chair pits Warsh against mentor and brings Yellen back
Mon, 16 Oct 2017 21:10:00 GMT
Now with no clear winner in sight, markets see a tight horse race shaping up for the Fed chairmanship.
Trump to interview Yellen about Fed chair appointment this week
Mon, 16 Oct 2017 19:26:00 GMT
If the president appoints Yellen to another term, it will be a sharp turn from the president's prior remarks.
Top Trump advisor Cohn says tax reform has to get done this year
Mon, 16 Oct 2017 14:16:00 GMT
Gary Cohn also says President Trump will push harder to make sure Congress understands the urgency.
Upward Momentum May Lead To Continued Strength On Wall Street
Mon, 16 Oct 2017 12:57:50 GMT
The major U.S. index futures are pointing to a higher opening on Monday, with stocks poised to extend the upward trend seen in recent sessions.
Time is running out for NAFTA talks, set to be extended
Mon, 16 Oct 2017 11:19:00 GMT
Negotiators at talks to modernize NAFTA are running out of time and look set to extend the remaining rounds in a bid to meet an end-year deadline.
Fed's Rosengren sees three to four rate hikes next year
Mon, 16 Oct 2017 10:07:00 GMT
The Fed will probably need to raise interest rates in December and then three or four times "over the course of next year," Boston Fed President Eric Rosengren said.
Here's how the White House wants the GOP to talk about tax reform
Mon, 16 Oct 2017 09:01:00 GMT
The White House releases its first economic analysis of the GOP tax plan, projecting a windfall for workers.
Catalan leader Puigdemont asks Spanish prime minister for dialogue in letter
Mon, 16 Oct 2017 07:10:00 GMT
CNBC's Willem Marx updates on the latest developments in Catalonia's bid for independence.
ECB's quantitative easing no longer needed, says one investment manager
Mon, 16 Oct 2017 07:01:00 GMT
Rachel Winter, investment manager at Killik & Co, and Bob Parker, investment committee member at Quilvest Wealth Management, discuss the European economy.
European shares open higher as political news takes center stage
Mon, 16 Oct 2017 06:50:00 GMT
European markets open the first trading day of the week in the black as investors gear up for political news coming out of Austria, Spain and the U.K.
People's Bank of China on the attack to control bitcoin market: Pro
Mon, 16 Oct 2017 06:47:00 GMT
Bob Parker, investment committee member at Quilvest Wealth Management, speaks about the rise of bitcoin.
Rise of Sebastian Kurz in Austria signaling that German politics should also move right
Mon, 16 Oct 2017 06:25:00 GMT
CNBC's Annette Weisbach speaks about the weekend's Austrian election and how it affects coalition talks in neighboring Germany.
Incorrect response for markets to push oil higher on Iraq troubles: Pro
Mon, 16 Oct 2017 06:10:00 GMT
Bob Parker, investment committee member at Quilvest Wealth Management, speaks about Iraq's oil economy.
Low probability of hard landing for Chinese economy: Pro
Mon, 16 Oct 2017 06:00:00 GMT
Bob Parker, investment committee member at Quilvest Wealth Management, speaks about the Chinese Communist Party's National Congress.
No evidence of stretched valuations in the euro zone: Draghi
Mon, 16 Oct 2017 05:22:00 GMT
European Central Bank President Mario Draghi speaks about whether his institution's asset-purchasing program is distorting markets.
Russia's budget based on oil price of $40 per barrel: Finance minister
Mon, 16 Oct 2017 05:22:00 GMT
Russian Finance Minsiter Anton Siluanov speaks about the price of oil.
Merkel weakened after SPD win in Lower Saxony
Mon, 16 Oct 2017 05:22:00 GMT
CNBC's Annette Weisbach updates on a state election in Lower Saxony, Germany, won by the SPD party.
Yellen sounds upbeat on economy, signaling likely rate hike
Sun, 15 Oct 2017 13:21:00 GMT
Yellen's comments suggest the Fed will soon resume raising interest rates to reflect the strengthening economy.
Fed's Rosengren warned 'large policy mistakes' could come from setting a specific rule for setting policy
Fri, 13 Oct 2017 13:05:00 GMT
Forcing the Fed to hew to a specific rule for setting monetary policy could lead to "large policy mistakes," a U.S. central banker argued.
Economic Data, Earnings News In Focus On Wall Street
Fri, 13 Oct 2017 12:57:26 GMT
The major U.S. index futures are pointing to a higher opening on Friday following the modestly pullback seen in the previous session.
US retail sales bounce back from August, highest in 2 ½ years
Fri, 13 Oct 2017 12:30:00 GMT
U.S. retail sales were lower than expected in September but recovered from the prior month's 0.2 percent slide.
Soaring gas prices boost consumer prices, but inflation remains muted
Fri, 13 Oct 2017 12:30:00 GMT
U.S. consumer prices recorded their biggest increase in eight months in September as gasoline prices soared.
US hikes tensions in NAFTA talks with call for 'sunset clause'
Fri, 13 Oct 2017 10:22:00 GMT
Washington increased tensions in talks to renew the North American Free Trade Agreement by proposing any new deal be limited to five years.
Older, sicker Americans will foot the bill for Trump’s healthcare orders
Thu, 12 Oct 2017 21:45:00 GMT
That makes Trump's orders a regulatory means of achieving what Obamacare did in 2010: redistributing income from one group of Americans to another.
General Motors plans to temporarily shut down Detroit factory over slow demand, report says
Thu, 12 Oct 2017 20:49:00 GMT
GM will temporarily close a Detroit factory, The Wall Street Journal reported Thursday, citing unnamed sources.
Stocks are 'fully priced' at these levels, Boston Fed president says
Thu, 12 Oct 2017 20:46:00 GMT
Boston Fed President Eric Rosengren told CNBC's "Closing Bell" on Thursday he thinks stocks are "fully priced."
This should be the GOP's priority for tax reform
Thu, 12 Oct 2017 15:40:00 GMT
Here's what Republicans should prioritize when it comes to tax reform, Jeffrey Dorfman writes in the National Review.
Profit Taking May Lead To Initial Weakness On Wall Street
Thu, 12 Oct 2017 12:56:35 GMT
The major U.S. index futures are pointing to a lower opening on Thursday after stocks moved modestly higher over the course of the two previous sessions.
Fed Minutes Likely To Be In Focus On Wall Street
Wed, 11 Oct 2017 12:43:38 GMT
The major U.S. index futures are pointing to a modestly lower opening on Wednesday, although early trading activity may be somewhat subdued ahead of the release of the minutes of the latest Federal Reserve meeting this afternoon.
Futures Pointing To Higher Open On Wall Street
Tue, 10 Oct 2017 12:50:15 GMT
The major U.S. index futures are pointing to a higher opening on Tuesday following the lackluster performance seen in the previous session.
Stocks May Extend Upward Trend In Early Trading
Mon, 09 Oct 2017 12:45:15 GMT
The major U.S. index futures are pointing to a higher on Monday, with stocks poised to extend the upward trend seen over the past several sessions.
Unexpected Drop In Employment May Weigh On Wall Street
Fri, 06 Oct 2017 13:00:49 GMT
The major U.S. index futures are pointing to a lower opening on Friday following the upward trend seen over the past several sessions.
Stocks May Continue To Benefit From Recent Upward Momentum
Thu, 05 Oct 2017 12:50:20 GMT
The major U.S. index futures are pointing to a modestly higher opening on Thursday, with stocks poised to extend the upward trend seen over the past several sessions.
Profit Taking May Lead To Early Weakness On Wall Street
Wed, 04 Oct 2017 12:48:24 GMT
The major U.S. index futures are pointing to a modestly lower opening on Wednesday, with stocks likely to give back some ground after trending higher in recent sessions.
Stocks May See Further Upside In Early Trading
Tue, 03 Oct 2017 13:27:08 GMT
The major U.S. index futures are pointing to a modestly higher opening on Tuesday, with stocks poised to extend the upward move seen in the previous session.
Choppy Trading May Persist On Wall Street
Fri, 29 Sep 2017 12:55:51 GMT
The major U.S. index futures are pointing to a roughly flat opening on Friday, with choppy trading likely to persist following the relatively lackluster seen in the previous session.
Trump's Tax Reform Plan Remains In Focus On Wall Street
Thu, 28 Sep 2017 12:57:03 GMT
The major U.S. index futures are pointing to a lower opening on Thursday, with stocks poised to give back ground after the upward move seen in the previous session.
Upbeat Durable Goods Data May Generate Buying Interest
Wed, 27 Sep 2017 12:54:32 GMT
The major U.S. index futures are pointing to a higher opening on Wednesday following the mixed performance seen in the previous session.
Tech Stocks May Lead The Way Back To The Upside
Tue, 26 Sep 2017 12:55:35 GMT
The major U.S. index futures are pointing to a higher opening on Tuesday following the weakness seen in the previous session. Tech stocks may regain ground following yesterday's sell-off.
Futures Pointing To Initial Weakness On Wall Street
Mon, 25 Sep 2017 12:53:40 GMT
The major U.S. index futures are pointing to a modestly lower opening on Monday, with the Dow futures down by 19 points.
Geopolitical Concerns May Weigh On Wall Street
Fri, 22 Sep 2017 12:55:31 GMT
The major U.S. index futures are pointing to a lower opening on Friday, with stocks likely to see further downside following the modest pullback seen in the previous session.
Fed Announcement May Remain In Focus On Wall Street
Thu, 21 Sep 2017 12:55:32 GMT
The major U.S. index futures are pointing to a modestly lower opening on Thursday following the mixed performance seen in the previous session. Traders continue to digest the Federal Reserve's monetary policy announcement on Wednesday.
Looming Fed Announcement May Lead To Choppy Trading On Wall Street
Wed, 20 Sep 2017 12:42:18 GMT
The major U.S. index futures are pointing to a roughly flat opening on Wednesday after the major averages edged up to new record closing highs in the previous session.
Upward Momentum May Lead To Continued Strength On Wall Street
Tue, 19 Sep 2017 12:57:47 GMT
The major U.S. index futures are pointing to a higher opening on Tuesday, with stocks poised to extend a recent upward move.
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