Timothy A. Clary | Getty Images Here are the most important things to know about Tuesday before you hit the door. 1. Bank earnings on deck We’ll get quarterly earnings from the four largest U.S. banks with Goldman Sachs, J.P. Morgan Chase, Citigroup and Wells Fargo all reporting before the bell on Tuesday. Wall Street
Finance
A visual representation of a cryptocurrency coin on display in front of the logos for Facebook and Libra. Chesnot | Getty Images Facebook’s plan to introduce a cryptocurrency will face a key test Monday as the consortium of companies overseeing it gathers in Geneva. The now 22-member Libra Association is meeting in the Swiss city
The U.S. and China appear close to a limited trade deal, leaving more controversial issues for later. The trade talks, which President Donald Trump said were “going really well,” extended into the second day on Friday. A slew of media reports suggested that the world’s two largest economies could agree to a partial agreement on
Bryn Mawr’s Jeffrey Mills believes the market needs more time to break out of its slump. Despite President Donald Trump’s decision to suspend this week’s U.S. tariff increases on $250 billion of Chinese goods, Mills questions whether it’s enough to boost stocks into year-end. “The market has basically been held hostage by the trade negotiations,”
SoftBank Group Corp Chairman and CEO Masayoshi Son attends a news conference in Tokyo, Japan, February 8, 2017. Alessandro Di Ciommo | NurPhoto | Getty Images SoftBank CEO Masayoshi Son is considering changing his Vision Fund investment strategy to concentrate on companies with clearer pathways to profitability and public offerings, according to people familiar with
The “Fast Money” traders shared their first moves for the market open. Brian Kelly was a buyer of Newmont Goldcorp. Karen Finerman was a buyer of Delta. Dan Nathan was a buyer of the 20+ Year Treasury Bond ETF. Guy Adami was a buyer of Robert Half. Disclosure Trader disclosure: Brian Kelly is long GLD. Short
The Federal Reserve will be continuing its overnight funding operations through at least January and will buy Treasury bills through the second quarter of 2020, the central bank announced Friday. The T-bill purchases will be large — $60 billion a month despite Fed officials’ insistence that the operation will be an “organic” move to grow the
The third-quarter earnings season kicks off in the coming week, and it is likely to expose how much the trade war has cost companies’ bottom lines. First out of the gate are major banks and financial companies, with J.P. Morgan, Citigroup, Wells Fargo, BlackRock and Goldman Sachs reporting Tuesday. But by the end of the
US President Donald Trump shows a letter from Chinese President Xi Jinping as he announces and initial deal with China while meeting the special Envoy and Vice Premier of the People’s Republic of China Liu He Special Envoy and Vice Premier of the People’s Republic of China Liu He at the Oval Office of the
President Donald Trump speaks during a ceremonial swearing-in for Labor Secretary Eugene Scalia at the White House in Washington, U.S., September 30, 2019. Leah Millis | Reuters President Donald Trump said Friday the Federal Reserve should still lower interest rates even though China and the U.S. agreed to the first part of a trade deal.
Check out the companies making headlines before the bell: Walmart – Walmart U.S. stores chief Greg Foran will leave the retailer on Jan. 31 to become chief executive officer of Air New Zealand. He will be replaced by John Furner, who runs Walmart’s Sam’s Club warehouse chain. Slack Technologies – Slack said it had more
A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company’s IPO at the Nasdaq Market in New York, U.S., September 28, 2017. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Roku shares climbed more than 4% after news broke Thursday
Dow Jones Industrial Average rises 150 points The Dow climbed 150.66 points, or 0.57% to close at 26,496.67. The S&P 500 gained 0.64% to end at 2,938.13. The Nasdaq Composite advanced 0.60% to 7,950.78. Equities got a boost after a tweet from President Donald Trump increased optimism on the U.S.-China trade front. Trump to meet
Dow Jones Industrial Average jumps 181 points The Dow climbed 181.97 points, or 0.70% to close at 26,346.01. The S&P 500 gained 0.91% to end the day at 2,919.40. The Nasdaq Composite advanced 1.02% to 7,903.74. Stocks got a jolt from a report that stoked hopes for the U.S.-China trade talks. Trade hopes rise heading
Shoppers exit a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines after the bell: Bed Bath & Beyond shares surged as much as 22% during extended trade after the company announced that Mark Tritton will take the helm as president and CEO
Chinese President Xi Jinping chats with President Donald Trump during a welcome ceremony in Beijing on Nov. 9, 2017. AP Photo | Andy Wong Here are the most important things to know about Thursday before you hit the door. 1. Showdown begins The make-or-break U.S.-China trade talks are set to resume on Thursday. Somewhat positive
XIAOSHAN AIRPORT, HANGZHOU, ZHEJIANG PROVINCE, CHINA: An outbound tourist group is waiting for check-in in front of the counter of China Customs. Chinese nationals have become the largest number of foreign tourists visiting other countries in 2015 as the number of outbound visitors crossed 120 million, registering an 11 million increase from last year. Zhang
A damaged pipeline is seen at Saudi Aramco oil facility in Khurais, Saudi Arabia, September 20, 2019. Hamad Mohammed | Reuters Saudi Aramco, the world’s biggest oil producer, is expected to file its IPO prospectus by the end of the month, people familiar with the matter told the Wall Street Journal. The prospectus will reportedly
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during the NABE annual meeting in Denver, Colorado, U.S., on Tuesday, Oct. 8, 2019. Daniel Brenner | Bloomberg | Getty Images The Federal Reserve will soon start growing its balance sheet again, a response in part to the jolt to overnight lending markets in September, Chairman
Dow Jones Industrial Average falls 95 points The Dow fell 95.70 points, or 0.36% to close at 26,478.02. The S&P 500 slipped 0.45% to close at 2,938.79. The Nasdaq Composite pulled back 0.33% to end the day at 7,956.29. Stocks traded in a tight range for most of the session as investors awaited trade talks