Markets The global stock selloff has extended into Friday trading as crude oil holds near one-month lows and investors shun riskier assets ahead of next week’s election. “One thing markets are not particularly good at pricing is political risks,” said … Continue reading
Markets S&P 500 has fallen in seven straight sessions through Wednesday, the first time the large-cap index has done that since 2011. Yet even amid all of the declines, the S&P has fallen less than 2.5% in the past seven … Continue reading
Markets With voters set to choose a new president and Congress in five days, the Fed will likely keep a low profile when it winds down its two-day meeting today amid a tumultuous U.S. election campaign. While no action is … Continue reading
Markets U.S. futures are heading higher despite nervous sentiment in the market that saw stocks finish yesterday on a flat note. Many investors switched into caution mode amid new U.S. political uncertainties and ahead of a week filled with earnings … Continue reading
Markets Banking on a recovery in crude prices, General Electric (NYSE:GE) is merging its oil and gas business with Baker Hughes (NYSE:BHI), creating a large, listed player, that could compete with rivals like Schlumberger (NYSE:SLB). GE will own 62.5% of … Continue reading
Markets Crude futures are largely unchanged at almost $50 a barrel ahead of an OPEC technical meeting which starts in Vienna today. But oil prices are set for their biggest weekly loss since mid-September on concerns that member nations won’t … Continue reading
Markets The British economy grew by a much better-than-expected 0.5% in the third quarter, the first time impacts from the Brexit vote could fully be analyzed. The dominant services industry, which accounts for almost 80% of the economy, was once … Continue reading
Markets Apple’s soggy post-earnings performance, a flood of other earnings news and weaker oil prices are weighing on equities, with U.S. stock index futures swimming in the red. Of the 150 S&P companies that have reported so far, 75.3% have … Continue reading
Markets The largest S&P 500 stock by market capitalization – Apple (NASDAQ:AAPL) – is the highlight of today’s earnings reports. The Q4 results will offer the first peek into sales of the new iPhone 7 and the extra business the … Continue reading
Markets Markit’s manufacturing PMI for the eurozone rose to a 30-month high of 53.3, topping estimates of 52.6. Germany’s print of 55.1 was a 33-month high, and France’s of 51.3 was the strongest in 10 months. Meanwhile in Spain, the … Continue reading