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Category: Trading


Activity, Trading

Bank of America shares rise after lender posts better-than-expected profit on retail operations

October 16, 2019

Via: CNBC

Bank of America beat analysts’ estimates for third-quarter profit and revenue as its consumer and advisory businesses offset a slump in trading. The bank said Wednesday that net income excluding an impairment charge rose 4% to $7.5 billion, or an […]


Activity, Trading

Citigroup earnings beat on better-than-expected trading results

October 15, 2019

Via: CNBC

Citigroup on Tuesday reported third-quarter earnings and revenue that topped projections as stronger-than-expected trading results made up for weaker lending margins. Here’s how the bank fared compared to Wall Street expectations: Earnings: $1.97 per share vs $1.95 per share expected […]


Activity, Trading

Trade war could cost global economy $700 billion by 2020, new IMF chief says

October 8, 2019

Via: Market Watch

The trade war between the U.S. and China could mean the loss of around $700 billion for the global economy by 2020, the new head of the International Monetary Fund said Tuesday. “Everyone loses in a trade war,” said Kristalina […]


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Dow tumbles another 250 points after data show slowing U.S. services sector

October 3, 2019

Via: Market Watch

U.S. stocks fell sharply Thursday morning after a report on the U.S. services sector showed it growing at a slower pace than at any point since 2016, following a report on manufacturing earlier this week that showed it contracting for […]


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The trade war is weighing ‘like a big, dark cloud’ on the global economy, says Christine Lagarde

September 23, 2019

Via: CNBC

For incoming European Central Bank President Christine Lagarde, the U.S.-China trade war is the biggest threat to the global economy. Lagarde, who has run the International Monetary Fund since 2011 and was selected in July to replace Mario Draghi from […]


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U.S. stock-index futures drift higher as Wall Street weighs Fed’s monetary policy path

September 19, 2019

Via: Market Watch

U.S. stock futures on Thursday were bouncing around as Wall Street digests the second successive rate cut of 2019 by the Federal Reserve that is intended to forestall sluggish global growth and harmful trade clashes. However, the central bank failed […]


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Airlines, retail and cruise shares fall, refiners surge as spiking crude will lift fuel costs

September 16, 2019

Via: CNBC

Shares of industries with high fuel costs like airlines and cruise lines dropped Monday as crude oil and gasoline futures spiked following the weekend attack on Saudi oil installations. Shares of retailers fell on fears that higher gasoline costs will […]


Activity, Trading

Trump tariff delay is a nod to the U.S. consumer — the only engine powering the global economy

August 15, 2019

Via: Market Watch

The Trump Administration gave markets an early Christmas present, when it announced Tuesday that it will delay planned tariffs on a subset of the $300 billion in imports that had been announced Aug 1. While the news caused stock markets […]


Activity, Trading

U.S. stocks set to drift modestly higher at the open ahead of Fed decision

July 31, 2019

Via: Market Watch

U.S. stock index were poised to rise Wednesday, in the final trading day of the month, ahead of a crucial Federal Reserve policy decision that is widely expected to result in the first interest-rate cut in more than a decade. […]


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US companies are increasingly interested in China’s big import event despite trade war

July 29, 2019

Via: CNBC

BEIJING — American companies remain keen on tapping business opportunities in China, despite the trade tensions between the two countries. More U.S. companies than last year plan to participate in this November’s China International Import Expo, Ren Hongbin, assistant minister […]