Category: Trading

October 16, 2019

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 […]

October 15, 2019

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 […]

October 8, 2019

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 […]

October 3, 2019

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 […]

September 23, 2019

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 […]

September 19, 2019

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 […]

September 16, 2019

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 […]

August 15, 2019

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 […]

July 31, 2019

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. […]

July 29, 2019

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 […]