Markets & Economy
Are you interested in GDP, Inflation, Economic news ?
Wed, 16 Jan 2019 00:45:02 GMT
Read the latest on US Economic News, World Economic News and more on RTTNews Economic News.
Are you interested in biotechnology news ?
Wed, 16 Jan 2019 00:45:02 GMT
Read the latest on pharma/biotech news, Clinical Trial Results, FDA Calendar, Top Gainers, Recalls, Food Alert and more on RTTNews Biotechnology.
Are you interested in GDP, Inflation, Economic news ?
Wed, 16 Jan 2019 00:45:00 GMT
Read the latest on US Economic News, World Economic News and more on RTTNews Economic News.
USTR promises exclusion process for higher tariffs if China talks fail
Wed, 16 Jan 2019 00:35:34 GMT
U.S. Trade Representative Robert Lighthizer has assured lawmakers that companies will be able to request exclusions on tariffs on $200 billion worth of goods under discussion with Beijing if talks do not yield a deal by the March 2 deadline.
McDonald's loses 'Big Mac' trademark case to Irish chain Supermac's
Wed, 16 Jan 2019 00:24:56 GMT
McDonald's Corp has lost its rights to the trademark "Big Mac" in a European Union case ruling in favor of Ireland-based fast-food chain Supermac's, according to a decision by European regulators.
Japan Core Machine Orders Flat On Month
Wed, 16 Jan 2019 00:20:08 GMT
Core machine orders in Japan were roughly flat on month, the Cabinet Office said on Wednesday.
New Zealand Overall Credit Card Spending Sinks 1.9%
Wed, 16 Jan 2019 00:15:08 GMT
Overall credit card spending in New Zealand fell a seasonally adjusted 1.9 percent on month in December, Statistics New Zealand said on Wednesday.
Nordstrom's full-price comparable sales for holiday season disappoints
Wed, 16 Jan 2019 00:10:10 GMT
Nordstrom Inc said on Tuesday comparable store sales at its full-price department stores rose only 0.3 percent during the crucial months of November and December, blaming lower traffic.
Japan Producer Prices Sink 0.6% In December
Wed, 16 Jan 2019 00:10:08 GMT
Producer prices in Japan were down 0.6 percent on month in December, the Bank of Japan said on Wednesday - missing forecasts for a decline of 0.3 percent, which would have been unchanged from the previous month.
Industry must rein in spend on electric, self-driving cars: Magna CEO
Wed, 16 Jan 2019 00:08:27 GMT
Global automobile and auto parts makers which want to capitalize on electric and autonomous vehicles need to cut back investments and forge more partnerships instead, the chief executive of global parts supplier Magna International said Tuesday.
Cramer Remix: Don't take your cue on all of retail from Macy's
Tue, 15 Jan 2019 23:59:00 GMT
Jim Cramer explains that the retail sector has both winners and losers, and it pays to know the difference.
Nordstrom says sales at some stores 'below expectations' this holiday season
Tue, 15 Jan 2019 23:53:00 GMT
Nordstrom said Tuesday evening that it now expects its diluted earnings per share for fiscal 2018 to fall on the low end of a prior range of $3.27 to $3.37.
Cramer's lightning round: Exxon Mobil's stock has finally gotten cheap
Tue, 15 Jan 2019 23:51:00 GMT
Jim Cramer rattles off his responses to callers' stock questions, including one tied to a sector he's trying to avoid.
Snap CFO Tim Stone to resign, shares drop 8 percent
Tue, 15 Jan 2019 23:42:54 GMT
Chief Financial Officer Tim Stone will be leaving Snap Inc less than a year after taking the job, the company said on Tuesday, the latest in a string of executive departures from Snap over the past year.
Delta, United profit beats encourage sector, but shutdown impact looms
Tue, 15 Jan 2019 23:41:58 GMT
Delta Air Lines Inc and United Airlines kicked off fourth-quarter earnings reporting for the sector on Tuesday with profits that beat Wall Street expectations, but the rippling effects of a government shutdown could take a toll on the current quarter and beyond.
New Zealand December Overall Credit Card Spending Slides 1.9%
Tue, 15 Jan 2019 23:40:08 GMT
Overall credit card spending in New Zealand was down 1.9 percent on month in December, Statistics New Zealand said on Wednesday.
France seeks Renault board meeting to replace Ghosn: sources
Tue, 15 Jan 2019 23:34:04 GMT
The French government is moving to dismiss Renault's scandal-hit Chairman and Chief Executive Carlos Ghosn and has requested a board meeting to consider candidates to replace him, sources with knowledge of the matter told Reuters.
Apple should buy private digital health records operation Epic Systems, says Jim Cramer
Tue, 15 Jan 2019 23:34:00 GMT
Jim Cramer says the move would boost Apple's stock price and give the company a surefire way to solidify its place in the health-care arena.
Netflix raises prices for U.S. subscribers
Tue, 15 Jan 2019 23:27:45 GMT
Netflix Inc is raising monthly fees for its U.S. subscribers by between 13 percent and 18 percent, the video streaming pioneer's first price increase since 2017 as it spends heavily on original content and international expansion.
As loans and revenue shrink, Wells Fargo leans on cost cuts
Tue, 15 Jan 2019 23:24:18 GMT
Wells Fargo & Co's loan book shrank and revenue fell across all its major businesses last quarter, as the fourth-largest U.S. lender continued to work through the consequences of wayward sales practices at its consumer bank.
JPMorgan misses fourth-quarter profit estimates as bond trading slumps
Tue, 15 Jan 2019 23:22:49 GMT
JPMorgan Chase & Co missed profit estimates for the fourth quarter as a slump in bond trading revenue overpowered strong consumer loan growth and record revenues.
Cramer's charts suggest lower volatility, higher stock prices in coming months
Tue, 15 Jan 2019 23:21:00 GMT
Jim Cramer and technician Mark Sebastian review recent volatility in the stock market and explain how the layout has changed.
Cramer: Netflix's price bump means Amazon, Apple's stocks are bargains
Tue, 15 Jan 2019 23:11:00 GMT
Jim Cramer explains what Netflix's subscription price increase means for other service providers.
Ralph Winter office to invest $300 million in Medici U.S. shared housing
Tue, 15 Jan 2019 23:03:56 GMT
Medici Living Group said on Tuesday the family office of German real estate investor Ralph Winter has agreed to invest $300 million over three years to develop 1,300 U.S. units of Medici's Quarters brand of shared housing for young professionals.
Stocks rise on China hopes; sterling rebounds as Brexit vote fails
Tue, 15 Jan 2019 22:50:52 GMT
Major world stock markets climbed on Tuesday on hopes of more stimulus for China's economy, while sterling rebounded from the day's lows after British lawmakers defeated Prime Minister Theresa May's deal on withdrawing from the European Union.
Netflix, China boost Wall Street as investors shrug off Brexit vote
Tue, 15 Jan 2019 22:50:18 GMT
U.S. stocks rose on Tuesday as technology and internet stocks gained on Netflix Inc's plans to raise fees for U.S. subscribers and hopes of more stimulus for China's slowing economy fostered a risk-on mood among investors.
PG&E plunges for second day after step toward bankruptcy
Tue, 15 Jan 2019 22:29:55 GMT
PG&E Corp's shares and bonds fell sharply for a second day on Tuesday, as a failure to make interest payments by the California power utility added to investor nerves following the company's plans to seek Chapter 11 bankruptcy protection.
Snap CFO resigning, company says it will come in near top end of guidance for Q4
Tue, 15 Jan 2019 22:24:00 GMT
Snap's stock tumbled after the company reported that chief financial officer Tim Stone would be leaving to pursue other opportunities.
United profit beats forecasts as new flights from hubs pay off
Tue, 15 Jan 2019 22:22:30 GMT
United Airlines on Tuesday reported a fourth-quarter profit that easily beat Wall Street forecasts, sending shares higher, as the No. 3 U.S. carrier scheduled more flights out of its hubs and won back customers after a series of public relations disasters.
Stocks making the biggest moves after hours: United Airlines, Snap, Apple & more
Tue, 15 Jan 2019 22:07:00 GMT
See which stocks are posting big moves after the bell.
Judge orders Papa John's to hand over documents, text messages related to John Schnatter's ouster
Tue, 15 Jan 2019 21:48:00 GMT
After months in court, a Delaware judge ruled Tuesday that Papa John's must turn over internal documents to its founder, John Schnatter.
Citi says chance of delay to Brexit now 'very high'
Tue, 15 Jan 2019 21:42:34 GMT
U.S. investment bank Citi said on Tuesday there is now a "very high" chance that Brexit will be delayed past March 29, after lawmakers defeated Prime Minister Theresa May's Brexit divorce deal by a crushing margin.
Japan Machine Orders Data Due On Wednesday
Tue, 15 Jan 2019 21:30:08 GMT
Japan will on Wednesday release November numbers for core machine orders, highlighting a modest day for Asia-Pacific economic activity.
Delaware judge orders Papa John's to turn over documents to founder
Tue, 15 Jan 2019 21:26:37 GMT
A Delaware judge said on Tuesday Papa John's International Inc must turn over internal documents to the company's founder who has been seeking to reassert control over the pizza delivery chain after he resigned as chairman in July.
Major Averages Close Firmly Positive, Nasdaq Outperforms - U.S. Commentary
Tue, 15 Jan 2019 21:19:35 GMT
After ending the previous session mostly higher, stocks moved back to the upside during the trading day on Tuesday. The major averages fluctuated as the day progressed but maintained a positive bias throughout most of the session.
United shares jump as airline's fourth-quarter revenue, profit beat estimates
Tue, 15 Jan 2019 21:17:00 GMT
United Continental Holdings, the parent of the airline, beat revenue and profit estimates in the fourth quarter.
VW, Ford team up on trucks, eye deals on EVs, self-driving cars
Tue, 15 Jan 2019 21:10:59 GMT
Volkswagen AG and Ford Motor Co said on Tuesday they will join forces on commercial vans and pickups and are exploring joint development of electric and self-driving technology, actions meant to save the automakers billions of dollars.
You can lace Nike's Adapt BB shoes with a smartphone app, and get a glimpse of the future of footwear
Tue, 15 Jan 2019 21:06:00 GMT
For Nike, the Adapt BB shoe opens a new world of smart data insights into athletes' workouts. For athletes, it represents a new era and way they interact with sneakers.
Ex-employee of proxy solicitor Georgeson convicted of fraud
Tue, 15 Jan 2019 21:05:30 GMT
A former senior managing director of a firm that advises companies on shareholder votes was convicted on Tuesday of participating in a scheme to bribe a proxy adviser's employee with sports and concert tickets to learn how its investor clients were voting.
White House considering former PepsiCo CEO, Treasury official to lead World Bank: source
Tue, 15 Jan 2019 20:56:23 GMT
The White House is considering former PepsiCo Inc Chief Executive Indra Nooyi, Treasury Department official David Malpass and Overseas Private Investment Corp CEO Ray Washburne among candidates to head the World Bank, an administration official said on Tuesday.
SureFly Octocopter pitched at Detroit auto show as the drone anyone can fly at $200,000
Tue, 15 Jan 2019 20:38:00 GMT
The craft is rated to carry 400 pounds, though Workhorse is developing a heftier, military version that would bump it up to 640 pounds. Under normal conditions, the SureFly would have a range of about 75 miles at a cruising speed of 75 mph.
Domino's won't be switching to UberEats anytime soon
Tue, 15 Jan 2019 20:25:00 GMT
It doesn't look like Domino's will be switching to a third-party delivery service like UberEats or Grubhub anytime soon, according to CEO Richard Allison.
Shoe retailer Payless to explore options, including sale
Tue, 15 Jan 2019 20:24:00 GMT
U.S. discount retailer Payless ShoeSource has hired an advisor to help evaluate strategic alternatives, including a sale or restructuring, less than 18 months after it emerged from bankruptcy.
Goodyear tanks after profit warning, cites weakening environment in China, India
Tue, 15 Jan 2019 19:56:00 GMT
Goodyear shares plunged 12 percent after the company announced that fourth-quarter tire unit volumes declined by about 3 percent due to the continued weakening of the environment in China and India.
Slack reportedly had $900 million in cash on hand in October as it prepares to go public this year
Tue, 15 Jan 2019 19:21:00 GMT
A new report by The Information reveals that Slack apparently had $900 million in cash on its balance sheet as of October 2018 as it prepares to go public this year.
Chipotle CEO Brian Niccol says he's making the brand visible to customers again
Tue, 15 Jan 2019 18:59:00 GMT
Less than a year after taking over as CEO of Chipotle Mexican Grill, Brian Niccol has helped reshape the once beleaguered burrito chain, improving sales and fueling the company's best stock performance in five years.
Don't get too excited by earnings beats – the bar is set very low
Tue, 15 Jan 2019 18:20:00 GMT
Fourth-quarter earnings beats are not necessarily good news for stocks, as expectations are very low.
Attorney general pick Barr hints he would look at antitrust in tech
Tue, 15 Jan 2019 18:04:00 GMT
AG nominee William Barr said he doesn't think "big is necessarily bad," but he wants to understand how tech giants have gotten so big
McDonald's loses EU trademark battle over the Big Mac
Tue, 15 Jan 2019 18:00:00 GMT
McDonald's has lost its trademark for its Big Mac burger in the European Union.
Exclusive: Jana liquidates two hedge funds, to focus only on activism
Tue, 15 Jan 2019 17:39:20 GMT
Jana Partners LLC, founded by Barry Rosenstein, is shutting down two stock-picking hedge funds following losses and will focus instead on its main strategy of investing in a handful of companies and...
Amazon has listed its first two job openings referencing New York's HQ2
Tue, 15 Jan 2019 17:34:00 GMT
The first two job openings referencing Amazon's HQ2 in New York are for Intelligent Cloud Control, a team that helps connect Amazon sites
Sports gamblers are getting valuable data from a former NFL doctor who tweets his injury assessments
Tue, 15 Jan 2019 17:23:00 GMT
Dr. David Chao, a former doctor for the San Diego Chargers, has become famous for assessing NFL injuries in real time.
White House considering former PepsiCo CEO Indra Nooyi to head World Bank: New York Times
Tue, 15 Jan 2019 16:57:00 GMT
Indra Nooyi, the former PepsiCo CEO, is reportedly being considered to become the next head of the World Bank.
The California utility getting crushed this week was a favorite of big-name hedge fund managers
Tue, 15 Jan 2019 16:53:00 GMT
PG&E's stock added to its abysmal three-month slide Tuesday as the former hedge fund favorite prepares for bankruptcy.
Chipotle CEO: Consumer environment still strong despite the 'noise'
Tue, 15 Jan 2019 16:48:00 GMT
Chipotle Mexican Grill CEO Brian Niccol is still optimistic about the consumer despite the partial federal government shutdown and stock market volatility.
Blue Apron shares skyrocket after company says it will be profitable in 2019
Tue, 15 Jan 2019 16:37:00 GMT
Shares of Blue Apron jumped after the company announced that it plans to reaffirm its ability to be profitable in 2019.
Marijuana grower Tilray strikes deal to develop cannabis-infused makeup, foot creams, other products
Tue, 15 Jan 2019 16:34:00 GMT
Tilray agreed to pay Authentic Brands $100 million and up to $250 million in cash and stock to create and distribute consumer cannabis products as the retailer's preferred supplier.
Economist Ed Lazear: The stock market is the best economic indicator and it's signaling caution
Tue, 15 Jan 2019 16:17:00 GMT
"Given the volatility in the market," Lazear argues, "probably a few weeks worth of patience is not a terrible thing at this point" from the Fed on interest rates.
Even a little marijuana may change teen brain, study finds
Tue, 15 Jan 2019 16:12:00 GMT
Researchers say even one or two joints cause changes in areas of the brain involved in emotion-related processing, learning and forming memories, NBC News reports.
Stocks Seeing Volatility But Remain Mostly Positive - U.S. Commentary
Tue, 15 Jan 2019 15:53:10 GMT
Stocks have seen some volatility in morning trading on Tuesday but remain mostly positive after an initial move to the upside. The major averages are all in positive territory, although the tech-heavy Nasdaq is outperforming its counterparts.
Here's who's going to Davos this year
Tue, 15 Jan 2019 15:46:00 GMT
Thousands of business, political and cultural leaders from all over the world will return to the snowy mountains of Davos, Switzerland next week to discuss the latest global issues.
Inside Huawei's new campus, which is designed to look like a group of European cities
Tue, 15 Jan 2019 15:14:00 GMT
Huawei's new campus is located in Dongguan, south China with architecture modeled on various European cities.
Killers Release Song Critical Of Political Climate Under Trump
Tue, 15 Jan 2019 15:09:23 GMT
The Killers have released a song critical of the current political climate in the United States under the Trump administration, including the proposed wall at the Mexican border, gun control laws and the black lives matter movement. The Spike Lee-directed video for the song shows some heart-rending footage of migrants at the US-Mexico border The video for the stand alone anti-Trump track is tit
Trump: Big New Caravan Heading To Southern Border From Honduras
Tue, 15 Jan 2019 15:02:21 GMT
President Donald Trump told the nation Tuesday that "a big new Caravan" is heading up to the U.S. Southern Border from Honduras. He broke the news on Twitter. The timing of the fresh caravan offered new ammunition in Trump's fight with Congress over border wall funding.
Volkswagen, Ford Form Global Alliance
Tue, 15 Jan 2019 14:47:50 GMT
Auto giants Volkswagen AG and Ford Motor Co. announced the launch of a global alliance to jointly develop commercial vans as well as medium-sized pickups for global markets, beginning as early as 2022. The two automakers will also collaborate on electric vehicles. For both the companies, Ford will engineer and build medium-sized pickups, and also commercial vans for European customers.
New York Manufacturing Index Drops To Lowest Level In Over A Year
Tue, 15 Jan 2019 14:38:58 GMT
New York manufacturing activity grew at its slowest pace in over a year in the month of January, according to a report released by the Federal Reserve Bank of New York on Tuesday. The New York Fed said its general business conditions index slumped to 3.9 in January.
New York Manufacturing Index Drops To Lowest Level In Over A Year
Tue, 15 Jan 2019 14:38:58 GMT
New York manufacturing activity grew at its slowest pace in over a year in the month of January, according to a report released by the Federal Reserve Bank of New York on Tuesday. The New York Fed said its general business conditions index slumped to 3.9 in January.
U.S. Producer Prices Edge Down 0.2% In December
Tue, 15 Jan 2019 14:33:35 GMT
A report released by the Labor Department on Tuesday showed a modest decrease in U.S. producer prices in the month of December. The Labor Department said its producer price index for final demand dipped by 0.2 percent in December after inching up by 0.1 percent in November.
U.S. Producer Prices Edge Down 0.2% In December
Tue, 15 Jan 2019 14:33:35 GMT
A report released by the Labor Department on Tuesday showed a modest decrease in U.S. producer prices in the month of December. The Labor Department said its producer price index for final demand dipped by 0.2 percent in December after inching up by 0.1 percent in November.
Spanish Utility Iberdrola Uses Blockchain To Track Renewable Energy
Tue, 15 Jan 2019 14:30:05 GMT
Spanish energy utility Iberdrola is using blockchain technology to track renewable energy to provide a guarantee to its consumers that the energy it supplies is 100 percent renewable. The use of this technology also contributes to accelerating the decarbonisation process. This first experiment to guarantee the renewable origin of the energy supplied was done with Iberdrola consumer Kutxabank.
Cruiser Capital vows to fight on at Ashland even after board deal
Tue, 15 Jan 2019 14:23:21 GMT
Hedge fund Cruiser Capital said it plans to press on with its proxy fight at Ashland Global Holdings even after the specialty chemicals business struck a deal to refresh its board with another large...
Mixed Earnings News May Lead To Choppy Trading On Wall Street
Tue, 15 Jan 2019 14:01:28 GMT
The major U.S. index futures are pointing to a mixed opening on Tuesday following the weakness seen in the previous session.
Stocks May Show A Lack Of Direction On Mixed Earnings News - U.S. Commentary
Tue, 15 Jan 2019 13:57:42 GMT
After ending the previous session mostly lower, stocks may show a lack of direction in early trading on Tuesday. The major index futures are currently pointing to a mixed open for the markets, with the Dow futures down by 21 points but the Nasdaq futures up by 25 points.
New York Manufacturing Index Indicates Notably Slower Growth In January
Tue, 15 Jan 2019 13:45:05 GMT
New York manufacturing activity grew at its slowest pace in over a year in the month of January, according to a report released by the Federal Reserve Bank of New York on Tuesday.
U.S. Producer Prices Show Modest Decrease In December
Tue, 15 Jan 2019 13:37:41 GMT
A report released by the Labor Department on Tuesday showed a modest decrease in U.S. producer prices in the month of December.
The White House thinks the shutdown will be twice as bad for the economy as expected
Tue, 15 Jan 2019 13:32:00 GMT
The original estimate that the partial shutdown would subtract 0.1 percentage point from growth every two weeks has now been doubled.
HSBC Settled $250 Bln Worth Forex Trades On Blockchain Last Year
Tue, 15 Jan 2019 13:31:59 GMT
Asia-focused lender HSBC said it settled $250 billion worth of forex trades using blockchain in the last year. Since February, HSBC has settled over 3 million forex trades and made over 150,000 payments using the distributed ledger technology. The bank used its FX Everywhere platform to co-ordinate payments across its internal balance sheets, in dozens of countries.
German Growth At 5-year Low In 2018, Economy Likely Skirted Recession In Q4
Tue, 15 Jan 2019 13:24:17 GMT
Germany's economy grew for a ninth year in 2018 at the slowest pace in five years, largely driven by domestic demand, and likely avoided slipping into a technical recession in the third quarter. Gross domestic product rose a price-adjusted and chain-linked 1.5 percent from 2017, when it expanded 2.2 percent, preliminary data from the Federal Statistical Office showed on Tuesday.
German Growth At 5-year Low In 2018, Economy Likely Skirted Recession In Q4
Tue, 15 Jan 2019 13:24:17 GMT
Germany's economy grew for a ninth year in 2018 at the slowest pace in five years, largely driven by domestic demand, and likely avoided slipping into a technical recession in the third quarter. Gross domestic product rose a price-adjusted and chain-linked 1.5 percent from 2017, when it expanded 2.2 percent, preliminary data from the Federal Statistical Office showed on Tuesday.
Mixed Opening Seen For Wall Street
Tue, 15 Jan 2019 13:20:24 GMT
U.S. stocks are likely to open on a mixed note on Tuesday, with investors tracking quarterly earnings reports from big banks and the developments on the Brexit front.
Danish Tax Agency Authorized To Collect User Data From Crypto Exchanges
Tue, 15 Jan 2019 13:15:36 GMT
Denmark's tax authority has been has been authorized to gather trader information from the country's cryptocurrency exchanges to verify if they are paying their dues. Skattestyrelsen, the Danish Tax Agency, announced it has been authorized by the country's Tax Council, Skatterådet, to collect data including identification information such as names, addresses and CPR numbers. Three Danish crypto
JPMorgan Q4 Profit Rises, But Revenues Miss Estimates; Stock Down
Tue, 15 Jan 2019 12:56:37 GMT
JPMorgan Chase & Co. (JPM) reported Tuesday a profit for the fourth-quarter that grew 67 percent from last year. It took a one-time charge, as a result of the U.S. tax reform in the prior year. Net revenue for the quarter rose 7 percent from the previous year. Revenue for the quarter missed analysts' expectations.
Malaysia Implements Cryptocurrency And ICO Regulation
Tue, 15 Jan 2019 12:32:17 GMT
Malaysia's Finance Minister YB Tuan Lim Guan Eng announced that cryptocurrencies and initial coin offerings have come under regulation on Tuesday. As per the Capital Markets and Services (Prescription of Securities) (Digital Currency and Digital Token) Order 2019, crypto currency service providers and exchanges are required to obtain authorization from the country's Securities Commission, which w
Living the tech dream, thanks to a novel apprenticeship program
Tue, 15 Jan 2019 12:23:54 GMT
While growing up in Seattle, Enrique Rico's mom cleaned the posh homes of Microsoft employees. When Rico tagged along on sick days from school, he dreamed of having the life of a technology worker.
Investors unnerved by company debt, shunning Europe, UK: BAML survey
Tue, 15 Jan 2019 12:22:12 GMT
Investors' concerns about company leverage hit a ten-year high as they continued to position against the risk of a global trade war, Tuesday's Bank of America Merrill Lynch's January fund manager...
ETC Labs Forms Team To Oversee Development Of Ethereum Classic Projects
Tue, 15 Jan 2019 12:16:26 GMT
Ethereum Classic (ETC) Labs launched a new dedicated core team called ETC Labs Core to oversee the development of Ethereum Classic projects, ETC blockchain and support for these. Its aim is to take forward the ETC mission of improving immutability, decentralization, and backward compatibility.
Eurozone Trade Surplus Falls In November
Tue, 15 Jan 2019 12:09:34 GMT
Eurozone's merchandise trade surplus decreased strongly in November, as the growth in imports outpaced that of exports. The trade surplus fell to EUR 19 billion from EUR 23.4 billion in the same month last year, figures from the euro area statistical office Eurostat showed on Tuesday. Exports increased 1.9 percent year-on-year and imports rose 4.7 percent.
Eurozone Trade Surplus Falls In November
Tue, 15 Jan 2019 12:09:34 GMT
Eurozone's merchandise trade surplus decreased strongly in November, as the growth in imports outpaced that of exports. The trade surplus fell to EUR 19 billion from EUR 23.4 billion in the same month last year, figures from the euro area statistical office Eurostat showed on Tuesday. Exports increased 1.9 percent year-on-year and imports rose 4.7 percent.
German 2018 Growth Weakest In 5 Years
Tue, 15 Jan 2019 10:40:33 GMT
Germany's economy grew for a ninth year in 2018, but at the slowest pace in five years, largely driven by domestic demand, preliminary data from the Federal Statistical Office showed on Tuesday.
European Shares Advance Ahead Of Brexit Vote
Tue, 15 Jan 2019 10:18:28 GMT
European stocks rose on Tuesday after Chinese finance ministry said that it would implement larger tax and fee cuts to help reduce burdens for small firms and manufacturers.
UK likely to have general election if Brexit vote fails: Lawmaker
Tue, 15 Jan 2019 09:02:00 GMT
U.K. Conservative Party Member of Parliament Peter Bone discusses the range of outcomes that could happen following today's Brexit vote.
Finland Retail Sales Growth Slows Slightly In November
Tue, 15 Jan 2019 08:43:03 GMT
Finland retail turnover growth eased slightly in November, yet the pace remained robust, latest data from Statistics Finland showed on Tuesday.
Asian Shares Rise On Chinese Stimulus Hopes
Tue, 15 Jan 2019 08:40:04 GMT
Asian stocks finished broadly higher on Tuesday after the U.S. earnings season began on a positive note and China signaled more supportive measures in the near term to counter slowing growth.
Finland Economic Growth At 4-month Low In November
Tue, 15 Jan 2019 08:30:25 GMT
Finland's national economic output grew at the slowest pace in four months in November, preliminary data from Statistics Finland showed on Tuesday.
Positive on emerging market debt in 2019, analyst says
Tue, 15 Jan 2019 08:23:00 GMT
Christian Kopf, CIO, fixed income and FX at Union Investment, discusses global markets.
Conservative MP defends decision to vote against May's Brexit deal
Tue, 15 Jan 2019 08:23:00 GMT
U.K. Conservative Party Member of Parliament Peter Bone explains why he'll be voting against his own party on Brexit later today.
Dutch Export Growth Sharply Slows In November
Tue, 15 Jan 2019 07:21:10 GMT
The Netherlands' export growth eased sharply in November to its weakest pace in five months, figures from the Central Bureau of Statistics showed on Tuesday.
Dutch Retail Sales Growth At 7-Month High
Tue, 15 Jan 2019 07:11:59 GMT
Dutch retail sales grew the most in seven months during November, mainly driven by non-food sales, figures from the Central Bureau of Statistics showed on Tuesday.
First Device For Congenital Heart Defect, AIMT & US Shutdown, ASLN On Watch
Tue, 15 Jan 2019 06:38:34 GMT
Today's Daily Dose brings you news about the approval of the world's first device for treatment of premature babies and newborns with an opening in their hearts; the impact of the U.S. government shutdown on Aimmune Therapeutics; Array's BEACON CRC trial results; and Exelixis' expanded FDA approval for Cabometyx tablets.
Record Number Of FDA's New Drug Approvals
Tue, 15 Jan 2019 06:37:05 GMT
2018 marked a record year for new drug approvals, with 59 new molecular entities, or NMEs, getting the FDA's stamp of approval. The only other time the number of new drug approvals crossed 50 was in 1996 when the tally was 53.
European Shares Seen Up As China Pledges Support For Economy
Tue, 15 Jan 2019 06:31:23 GMT
European stocks look set to open higher on Tuesday after Beijing said it would cut taxes "on a larger scale" to stabilize a slowing economy amid ongoing U.S.-China trade war.
Brexit deal will be defeated in UK parliament, economist says
Tue, 15 Jan 2019 06:21:00 GMT
Christian Schulz, director in the economics team at Citi Research, discusses the upcoming parliament vote on the U.K. government’s Brexit deal.
UK parliament expected to vote down May's Brexit deal
Tue, 15 Jan 2019 06:05:00 GMT
CNBC's Steve Sedgwick reports on the latest Brexit developments from Westminster.
European markets open higher ahead of crucial Brexit voteq
Tue, 15 Jan 2019 06:05:00 GMT
European stocks open higher Tuesday morning, with market participants braced for a showdown in Westminster over the U.K. government’s Brexit plan.
Fed rate hiking cycle isn't over, Goldman Sachs economist says
Tue, 15 Jan 2019 06:05:00 GMT
Jari Stehn, senior global economist and head of European research at Goldman Sachs, discusses Brexit and U.S. monetary policy.
Sterling will benefit from any kind of Brexit deal, Goldman Sachs says
Tue, 15 Jan 2019 06:05:00 GMT
Peter Oppenheimer, chief global equity strategist at Goldman Sachs, discusses the forthcoming parliamentary Brexit vote.
2019 earnings outlook most important thing for investors, analyst says
Tue, 15 Jan 2019 06:05:00 GMT
Henning Gebhardt, head of wealth and asset management at Berenberg, discusses his 2019 outlook for equity markets.
Parliamentary Brexit vote primarily about the political class, analyst says
Tue, 15 Jan 2019 06:05:00 GMT
Eric Lonergan, macro fund manager at M&G, discusses the upcoming vote in parliament on Theresa May's Brexit agreement.
Asian Markets Higher Ahead Of Brexit Vote
Tue, 15 Jan 2019 03:19:50 GMT
Asian stock markets are mostly higher on Tuesday despite the weak cues overnight from Wall Street amid lingering worries about a global economic slowdown. Investors now look ahead to the vote on British Prime Minister Theresa May's Brexit deal later in the day. It is widely expected that May's Brexit proposal will face a certain defeat in parliament.
5 Top Losers In Healthcare Sector (VRNA, NBY, STRO...)
Tue, 15 Jan 2019 03:04:55 GMT
The following are some of the pharma/biotech stocks that posted the biggest percentage decline today.
5 Top Gainers In Healthcare Sector (MBOT, VVUS, RNN...)
Tue, 15 Jan 2019 01:02:43 GMT
The following are some of today's top gainers in the pharma/biotech sector.
Japan M2 Money Stock Climbs 2.4% On Year In December
Tue, 15 Jan 2019 00:15:08 GMT
The M2 money stock in Japan was up 2.4 percent on year in December, the Bank of Japan said on Tuesday - coming in at 1,014.2 trillion yen.
New Zealand December Food Prices Rise Seasonally Adjusted 0.5%
Mon, 14 Jan 2019 22:30:08 GMT
Food prices in New Zealand advanced a seasonally adjusted 0.5 percent on month in December, Statistics New Zealand said on Tuesday.
New Zealand Food Prices Climb Seasonally Adjusted 0.5% In December
Mon, 14 Jan 2019 22:00:08 GMT
Food prices in New Zealand were up a seasonally adjusted 0.5 percent on month in December, Statistics New Zealand said on Tuesday.
Japan Money Stock Data Due On Tuesday
Mon, 14 Jan 2019 21:30:08 GMT
Japan will on Tuesday release December data for money stock, highlighting a modest day for Asia-Pacific economic activity.
Stocks Climb Off Worst Levels But Close Mostly Lower - U.S. Commentary
Mon, 14 Jan 2019 21:10:50 GMT
After coming under pressure early in the session, stocks regained ground over the course of the trading day on Monday but remained mostly negative. With the drop on the day, the major averages partly offset the strong gains posted last week.
Attorney General Nominee Pledges To Allow Mueller To Complete Investigation
Mon, 14 Jan 2019 20:10:33 GMT
Prepared testimony from Attorney General nominee William Barr suggests the lawyer will not attempt to interfere in special counsel Robert Mueller's investigation of Russian meddling in the 2016 presidential election if he is confirmed.
Stocks Remain Mostly Negative In Mid-Day Trading - U.S. Commentary
Mon, 14 Jan 2019 17:33:25 GMT
Stocks have climbed off their worst levels of the day but remain mostly negative in mid-day trading on Monday. The pullback on the day came after the major averages showed strong moves to the upside last week.
'Not your grandmother's economy' — Cantor CEO Howard Lutnick says growth still has 2 years to run
Mon, 14 Jan 2019 16:48:00 GMT
The U.S. economy "feels good" and shows no sign of a recession in the next 12 months, says Lutnick, also CEO of Cantor spinoff BGC Partners.
Gundlach's warning on 'ocean of debt' adds to worries over corporate bonds
Mon, 14 Jan 2019 16:26:00 GMT
Investor Jeffrey Gundlach warns that the debt load is about to become a bigger problem.
Poll Finds Trump More Responsible For Government Shutdown
Mon, 14 Jan 2019 16:07:11 GMT
With the ongoing government shutdown now the longest in U.S. history, the results of a new CNN poll showed a majority of Americans think President Donald Trump is more responsible for the shutdown than Democratic lawmakers.
Stocks Regain Ground After Initial Move To The Downside - U.S. Commentary
Mon, 14 Jan 2019 15:39:50 GMT
After moving sharply lower early in the session, stocks have regained some ground over the course of morning trading on Monday. The major averages have climbed well off their lows of the session but remain firmly in negative territory.
Proxy advisory firm ISS backs two dissident nominees in Luby's fight
Mon, 14 Jan 2019 15:39:13 GMT
Proxy advisory firm Institutional Shareholder Services is recommending that shareholders elect two dissident nominees at Luby's Inc after the current board oversaw "alarming underperformance" at the...
Romania Industrial Production Grows In November
Mon, 14 Jan 2019 15:22:33 GMT
Romania's industrial production grew in November, led by manufacturing, figures from the National Institute of Statistics showed on Monday.
Romania Inflation Eases For Fourth Month
Mon, 14 Jan 2019 15:04:32 GMT
Romania consumer price inflation eased for a fourth consecutive month in December, figures from the National Institute of Statistics showed on Monday.
Sweden Inflation Remains Steady In December
Mon, 14 Jan 2019 14:55:10 GMT
Sweden's consumer price inflation held steady in December, data survey from Statistics Sweden showed on Monday.
Turkey Industrial Production Fall For Third Straight Month
Mon, 14 Jan 2019 14:41:35 GMT
Turkey's industrial production fell for a third straight month and at a faster than expected pace, data from the Turkish Statistical Institute showed on Monday.
Germany Wholesale Price Inflation Slows In December
Mon, 14 Jan 2019 14:32:44 GMT
Germany's wholesale prices rose at a slower pace in December, data from Destatis revealed on Monday.
Yellen says economic uncertainty has prompted some retailers to put plans on hold
Mon, 14 Jan 2019 14:12:00 GMT
Janet Yellen, former chair of the Federal Reserve, made the comments Monday during the National Retail Federation's annual Big Show in New York.
OppenheimerFunds CIO: There won't be an economic recession for at least 5 years
Mon, 14 Jan 2019 14:09:00 GMT
Growing positive sentiment between the U.S. and China recently bodes well for stocks, says OppenheimerFunds' Krishna Memani.
Disappointing Chinese Trade Data May Weigh On Wall Street
Mon, 14 Jan 2019 13:57:19 GMT
The major U.S. index futures are pointing to a lower opening on Monday, with stocks likely to come under pressure following the strong upward move seen last week.
Finland Inflation Slows In December
Mon, 14 Jan 2019 12:51:04 GMT
Finland consumer price inflation slowed for a second straight month in December, data from Statistics Finland showed on Monday.
Eurozone Industrial Production Declines More Than Expected
Mon, 14 Jan 2019 11:10:50 GMT
Eurozone's industrial production decreased at a faster-than-expected pace in November, preliminary data from the statistical office Eurostat showed on Monday.
Your Money: How Dry January is changing finances
Mon, 14 Jan 2019 11:04:13 GMT
(The writer is a Reuters contributor. The opinions expressed are his own.)
Ireland Construction Growth At 4-Month High
Mon, 14 Jan 2019 09:36:08 GMT
Ireland's construction growth improved for a second straight month and was the fastest in four months in December, led by new order gains and increased job creation, data from IHS Markit showed on Monday.
China December Exports Fall Most Since 2016
Mon, 14 Jan 2019 08:40:06 GMT
China's exports and imports in December declined at the worst rates in two years, adding to evidence of a rapid slowdown in the economy amid the trade war with the US and weakening global activity. Exports dropped 4.4 percent year-on-year in December, figures from the General Administration of Customs showed on Monday. That was in contrast to the 3 percent gain economists had predicted.
Cautious on markets but ‘not apocalyptic,’ analyst says
Mon, 14 Jan 2019 07:59:00 GMT
Richard Urwin, chair of investment committee at Saranac Partners, discusses investment strategy.
Former UK PM Gordon Brown: There will be another Brexit vote
Mon, 14 Jan 2019 06:28:00 GMT
Gordon Brown said the U.K. has become more fractured following the 2016 Brexit referendum.
European stocks open lower after China’s export slump rattles markets
Mon, 14 Jan 2019 06:28:00 GMT
European markets opened lower Monday morning, after a shock contraction in Chinese exports heightened fears of a slowdown in the world’s second-largest economy.
Market volatility not helpful for US banks, analyst says
Mon, 14 Jan 2019 06:28:00 GMT
Filippo Alloatti, senior credit analyst at Hermes Investment Management, discusses upcoming earnings reports from U.S. banking giants.
Theresa May to say no Brexit more likely than no-deal divorce
Mon, 14 Jan 2019 06:28:00 GMT
CNBC's Willem Marx reports on the latest developments around Brexit.
Almost impossible to make money out of the pound, strategist says
Mon, 14 Jan 2019 06:28:00 GMT
Philippe Gijsels, chief strategist at BNP Paribas Fortis Group, discusses the impact of Brexit on investor sentiment around U.K. assets.
Finastra CEO: US and European banks differ when it comes to innovation
Mon, 14 Jan 2019 06:28:00 GMT
Simon Paris discusses earnings, fintech, misdemeanor in the financial services and whether Finastra will seek an IPO.
US government shutdown could have global impact, academic says
Mon, 14 Jan 2019 06:28:00 GMT
James D Boys, professor of international political studies at Richmond, the American International University in London, discusses the U.S. government shutdown.
No-deal Brexit would be ‘best thing’ for the UK, economist says
Mon, 14 Jan 2019 06:28:00 GMT
Roger Bootle, founder and chairman of Capital Economics, said the U.K. can continue trading with European countries without a Brexit deal.
China Trade Dara On Tap For Monday
Sun, 13 Jan 2019 22:00:26 GMT
China will on Monday release December figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity.
Saudi energy minister: Hope we can bring volatility under control
Sun, 13 Jan 2019 07:32:00 GMT
Khalid al-Falih, Saudi Arabia's energy minister, said "time will tell" about potential future market volatility, but his country will remain vigilant.
Saudi energy minister: Sticking to Aramco IPO 2021 timeline
Sun, 13 Jan 2019 05:08:00 GMT
Saudi Energy Minister Khalid al-Falih said his country will work with any producers who will help bring "stability to the market
We like business in North America, Mubadala Petroleum CEO says
Sat, 12 Jan 2019 13:53:00 GMT
Musabbeh al-Kaabi discusses the company's focus on markets in North America, as well as Egypt.
Growth in China is one of the key engines, Mubadala Petroleum CEO says
Sat, 12 Jan 2019 13:43:00 GMT
We are adjusting our view on China based on what is happening in that part of the world, says Musabbeh al-Kaabi, CEO of Mubadala Petroleum.
Congress has a desire to distance from Saudi Arabia, Atlantic Council says
Sat, 12 Jan 2019 11:56:00 GMT
One needs to find a way to protect that relationship with Saudi Arabia, says Fred Kempe, Atlantic Council CEO.
Atlantic Council CEO: US needs to make a choice on Saudi Arabia nuclear energy
Sat, 12 Jan 2019 11:55:00 GMT
Fred Kempe predicts that the next few months will be "very interesting," as the U.S. and Saudi Arabia relations shape up.
Oman oil minister: President Trump has been unfair sometimes
Sat, 12 Jan 2019 11:41:00 GMT
I’m sure he has good intentions, but I wish we could sit together and exchange ideas, says Mohammed al-Rumhi, Oman's oil minister.
Oman oil minister: We are the most peace-oriented country in the world
Sat, 12 Jan 2019 11:32:00 GMT
Enhanced security is good if the intention is peaceful, says Mohammed al-Rumhi, Oman's oil minister.
Our mission has not changed in Syria, US representative says
Sat, 12 Jan 2019 11:21:00 GMT
Brian Hook, U.S. Special Representative on Iran, Special Advisor to Secretary of State discusses the country's foreign policy stance in countries such as Syria, Iran and the Saudi Arabia.
We’d like to renew our relations with Iran, US representative says
Sat, 12 Jan 2019 11:12:00 GMT
Brian Hook, U.S. Special Representative on Iran, Special Advisor to Secretary of State says it is up to Iran whether they can change and re-establish the relationship with the U.S.
Citigroup allows hedge fund ValueAct more access
Fri, 11 Jan 2019 19:57:45 GMT
Citigroup Inc will give ValueAct Capital more access to its books and board of directors, signaling that the bank and the activist hedge fund are deepening their relationship roughly a year after...
Investor Schonfeld opens London office, aims to boost foreign bets
Fri, 11 Jan 2019 19:36:04 GMT
Multibillion-dollar U.S. hedge fund investor Schonfeld Strategic Advisors opened an office in London and hired two portfolio managers as the firm seeks to make more investments outside of the United...
Are age-based funds protecting U.S. investors close to retirement?
Fri, 11 Jan 2019 18:19:12 GMT
(The opinions expressed here are those of the author, a columnist for Reuters.)
Money woes? More companies help workers build emergency funds
Fri, 11 Jan 2019 17:07:33 GMT
At the Springdale Ice Cream and Beverage factory in Cincinnati, workers were coming to the human resources department with money troubles, wanting cash advances on their pay.
If the shutdown lasts two more weeks, the cost to the economy will exceed price of Trump's wall
Fri, 11 Jan 2019 16:37:00 GMT
It will only take another two weeks to cost the economy more than the $5.7 billion Trump demanded for the border wall.
Profit Taking May Lead To Another Early Pullback On Wall Street
Fri, 11 Jan 2019 14:01:08 GMT
The major U.S. index futures are currently pointing to a lower opening on Friday following the upward move seen for five consecutive sessions.
US consumer prices drop for the first time in nine months
Fri, 11 Jan 2019 13:30:00 GMT
U.S. consumer prices fell for the first time in nine months in December amid a plunge in the cost of gasoline.
Trump could take billions from disaster areas to fund border wall
Fri, 11 Jan 2019 12:38:00 GMT
Under the proposal, Trump could dip into money set aside to fund civil works projects all over the country including storm-damaged areas of Puerto Rico.
California Gov. Gavin Newsom pledges unemployment benefits to furloughed federal workers
Fri, 11 Jan 2019 12:27:00 GMT
California Gov. Gavin Newsom pledges the state will provide unemployment insurance benefits for furloughed workers impacted by the partial federal government shutdown.
Here's how lost furloughed federal worker paychecks could weigh on the US economy
Fri, 11 Jan 2019 11:00:00 GMT
Furloughed workers will lose over $2.2 billion in missed paychecks as the government shutdown enters day 21. The unemployment rate could jump a few tenths of a percent in January due to the impact of the shutdown.
Investors plow billions into stocks, bonds and EM assets as risk appetite returns: BAML
Fri, 11 Jan 2019 10:53:21 GMT
Global investors plowed money back into stocks and bonds this week as they regained their appetite for risk, boosted by dovish comments from Federal Reserve Chairman Jerome Powell.
Market rebound likely won’t last, strategist says
Fri, 11 Jan 2019 08:09:00 GMT
Lilian Chovin, multi asset strategist at Coutts, discusses investment strategy.
Investment bank Perella Weinberg plans to name Peter Weinberg as CEO: source
Fri, 11 Jan 2019 01:51:07 GMT
Investment bank Perella Weinberg Partners plans to name Peter Weinberg as its chief executive officer with current CEO Robert Steel set to become the company's chairman, a person familiar with the...
Third time may be a charm as Jeff Vinik relaunches hedge fund
Thu, 10 Jan 2019 18:37:17 GMT
Prominent investor Jeffrey Vinik is ready to manage money for outside clients again and plans to relaunch his hedge fund firm Vinik Asset Management after sitting out the last six years.
Hedge fund Tiger Global ended 2018 with a 13.6 percent gain
Thu, 10 Jan 2019 18:19:25 GMT
Investment firm Tiger Global Management, which oversees $23 billion in assets, told investors its hedge fund gained 13.6 percent last year.
Fed chief Jerome Powell says an extended government shutdown could start to show in economic data
Thu, 10 Jan 2019 18:00:00 GMT
A prolonged government shutdown could have a negative impact on the U.S. economy, Federal Reserve Chairman Jerome Powell says.
Watch Fed Chair Jerome Powell address the Economic Club of Washington, D.C.
Thu, 10 Jan 2019 17:25:00 GMT
To investors cheering the Fed's sudden pivot on rate hikes: Be careful what you wish for
Thu, 10 Jan 2019 17:00:00 GMT
Investors looking for an easier Federal Reserve should be careful what they wish for, as such cycles can portend bad news down the road.
Probability of a recession rises to the highest in 7 years: WSJ Survey
Thu, 10 Jan 2019 16:55:00 GMT
The odds of a recession have grown to the highest level in seven years, according to a monthly poll by The Wall Street Journal.
Your Money: Do not let home equity sink your college aid package
Thu, 10 Jan 2019 15:58:09 GMT
How U.S. schools calculate financial aid is so confusing that there is an entire industry devoted to unlocking its secrets with books, consultants and websites.
Lack Of Breakthrough In Trade Talks May Lead To Pullback On Wall Street
Thu, 10 Jan 2019 14:07:07 GMT
The major U.S. index futures are pointing to a lower opening on Thursday, with stocks likely to give back ground following four consecutive sessions of gains.
US weekly jobless claims fall more than expected
Thu, 10 Jan 2019 13:30:00 GMT
The number of Americans filing applications for jobless benefits fell more than expected last week, pointing to a strengthening labor market that could further ease concerns about the economy's health.
Beijing says latest US-China trade talks were extensive, made progress on forced tech transfers
Thu, 10 Jan 2019 00:15:00 GMT
China's Commerce Ministry said the latest round of trade talks with the U.S. established a foundation for the resolution of each others' concerns.
Cash can beat stocks in returns and happiness
Wed, 09 Jan 2019 21:29:23 GMT
How bad was 2018 for investors? They pulled a record amount of money from stock and bond funds late in 2018 and tucked it into safe havens such as CDs, money market funds or U.S. Treasuries that...
Pimco's Fels says higher probability of U.S. recession over next 12 months
Wed, 09 Jan 2019 18:01:23 GMT
Recession models are suggesting a higher probability of a U.S. recession over the next 12 months and "flashing orange," said Joachim Fels, managing director and global economic advisor at bond giant...
Traders Clinging To Optimism About U.S.-China Trade Talks
Wed, 09 Jan 2019 14:06:28 GMT
The major U.S. index futures are pointing to a higher opening on Wednesday, with stocks likely to extend the upward move see over the past few sessions.
Trump is probably going to get his way with the Federal Reserve this year
Wed, 09 Jan 2019 11:46:00 GMT
As President Trump jawbones the Federal Reserve, the likelihood that he's going get what he wants this year from the central bank grows.
Fitch warns of possible cut to US triple-A rating if shutdown continues
Wed, 09 Jan 2019 10:39:00 GMT
Fitch warned the ongoing U.S. government shutdown could soon start to negatively impact the debt ceiling.
Saba Capital's Tail Hedge Master Fund gains 25 percent in 2018
Tue, 08 Jan 2019 19:52:09 GMT
Saba Capital's Tail Hedge Master Fund, which promises a sort of doomsday insurance through bets that perform well when markets spiral, ended 2018 with a 25 percent gain, a person familiar with the...
Job openings on the decline but still outpace available workers by more than 800,000
Tue, 08 Jan 2019 15:31:00 GMT
Job openings edged lower in November but there were still 800,000 more vacancies than there were workers to fill them.
Gold-backed ETFs gained globally in 2018, even with North America outflows
Tue, 08 Jan 2019 15:28:37 GMT
Gold-backed exchange-traded funds ended 2018 with new inflows globally as uncertainty about Britain's exit from the EU drove investors to the perceived safety of European-backed ETFs, more than...
US-China negotiators reportedly narrow differences on trade
Tue, 08 Jan 2019 14:42:00 GMT
Trade negotiators from China and the U.S. have narrowed some of their differences, according to a report from Dow Jones.
Optimism About Trade Talks May Generate Continued Buying Interest
Tue, 08 Jan 2019 13:54:22 GMT
The major U.S. index futures are pointing to a higher opening on Tuesday, with stocks likely to extend the strong upward move seen over the two previous sessions.
More US regions see job openings outnumbering the number of people seeking jobs
Tue, 08 Jan 2019 12:06:00 GMT
Job openings are outnumbering unemployed workers across increasingly wide swaths of the U.S.
Cruiser Capital targets Ashland directors, including chairman
Mon, 07 Jan 2019 16:26:12 GMT
Cruiser Capital Advisors said on Monday it wants to replace four directors at chemical company Ashland Global Holdings, including the board chairman.
Former Fed Chair Alan Greenspan thinks the Ocasio-Cortez 70% tax plan is 'a terrible idea'
Mon, 07 Jan 2019 16:18:00 GMT
Raising the marginal tax rate on the richest Americans to 70 percent would be a "terrible idea," former Fed Chairman Alan Greenspan said.
US services sector grows at slowest pace since July
Mon, 07 Jan 2019 15:00:00 GMT
The U.S. services sector expanded at a slower-than-expected pace in December, according to data released Monday.
Caution Likely To Prevail Amid Focus On U.S.-China Trade Talks
Mon, 07 Jan 2019 14:02:29 GMT
The major U.S. index futures are pointing to a roughly flat opening on Monday following the roller coaster ride seen over the past few sessions.
Powell says Fed 'wouldn't hesitate' to tweak balance sheet reduction if it was causing problems
Fri, 04 Jan 2019 15:27:00 GMT
Fed Chair Powell said that the central bank "wouldn't hesitate" to adjust the pace at which it reduces its balance sheet if market problems arise.
Manufacturing industry posts biggest annual job gain in 20 years
Fri, 04 Jan 2019 15:09:00 GMT
The net changes by industry for December jobs based on Friday's jobs report; the health-care and education sector saw the largest gain.
Futures Remain Firmly Positive Following Strong Jobs Data
Fri, 04 Jan 2019 13:58:40 GMT
The major U.S. index futures are currently pointing to a sharply higher opening on Friday, with stocks likely to move back to the upside following the sharp pullback seen in the previous session.
Job growth surges by 312,000 in December
Fri, 04 Jan 2019 13:30:00 GMT
Job creation ended 2018 on a powerful note, with nonfarm payrolls surging by 312,000 in December though the unemployment rate rose to 3.9 percent.
Cleveland Fed President Loretta Mester says if inflation doesn't rise, Fed could stop hikes
Fri, 04 Jan 2019 13:10:00 GMT
The U.S. economy is "in a really good spot," Mester says in an interview with CNBC.
The president of the Dallas Fed says central bank should pause rate hikes amid turmoil in markets
Thu, 03 Jan 2019 16:35:00 GMT
The Federal Reserve ought to stop raising interest rates until it gets a clearer picture of where the economy is headed, Robert Kaplan, president of the central bank's Dallas district, said in an interview Thursday.
Key reading of the manufacturing sector falls to lowest level in more than 2 years
Thu, 03 Jan 2019 15:00:00 GMT
Activity in the U.S. manufacturing sector expanded at a much slower pace than expected last month, according to the Institute for Supply Management.
Lower Apple Guidance Likely To Weigh On Wall Street
Thu, 03 Jan 2019 13:52:30 GMT
The major U.S. index futures are pointing to a significantly lower opening on Thursday, with stocks likely to move back to the downside following the recovery seen over the course of the previous session.
New Year But Same Global Economic Concerns
Wed, 02 Jan 2019 14:00:06 GMT
The major U.S. index futures are pointing to a sharply lower opening on the first trading day of 2019 on Wednesday, with stocks likely to add to the steep losses posted last year.
Futures Pointing To Initial Strength But Volatility May Prevail
Fri, 28 Dec 2018 14:04:28 GMT
The major U.S. index futures are currently pointing to a higher opening on Friday following the roller-coaster ride seen in recent sessions.
Profit Taking May Contribute To Pullback On Wall Street
Thu, 27 Dec 2018 13:58:31 GMT
The major U.S. index futures are pointing to a lower opening on Thursday, with stocks likely to give back ground after moving sharply higher over the course of the previous session.
Stocks May Regain Ground Following Recent Sell-Off
Wed, 26 Dec 2018 14:00:06 GMT
The major U.S. index futures are pointing to a higher opening on Wednesday, with stocks likely to regain ground following the sell-off seen in recent sessions.
Recent Downward Likely To Weigh On Wall Street
Mon, 24 Dec 2018 13:56:07 GMT
The major U.S. index futures are pointing to a lower opening on Monday, with stocks likely to see further downside following the sell-off in recent sessions.
Looming Government Shutdown In Focus On Wall Street
Fri, 21 Dec 2018 14:06:05 GMT
The major U.S. index futures are currently pointing to a roughly flat opening on Friday after stocks moved sharply lower over the past several sessions.
Futures Pointing To Roughly Flat Open On Wall Street
Thu, 20 Dec 2018 13:59:56 GMT
The major U.S. index futures are pointing to a roughly flat opening on Thursday, with stocks likely to show a lack of direction following the sell-off seen after the Federal Reserve announcement on Wednesday.
Optimism About More Dovish Fed May Generate Buying Interest
Wed, 19 Dec 2018 13:54:52 GMT
The major U.S. index futures are pointing to a higher opening on Wednesday, with stocks likely to add to the gains posted in yesterday's volatile session.
Bargain Hunting May Contribute To Rebound On Wall Street
Tue, 18 Dec 2018 13:58:12 GMT
The major U.S. index futures are pointing to a higher opening on Tuesday following the sell-off seen over the course of the two previous sessions.
Downward Momentum Persists Amid Lingering Concerns About Economy, Trade
Mon, 17 Dec 2018 13:54:58 GMT
The major U.S. index futures are pointing to a lower opening on Monday, with stocks likely to see further downside following the sell-off seen last Friday.
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