Markets U.S. futures are flying higher following Donald Trump’s first address to Congress. The President pledged to overhaul the immigration system, improve jobs and wages for Americans, and promised “massive” tax relief to the middle class and tax cuts for … Continue reading
Markets Saudi Arabia wants crude prices to rise to around $60 a barrel this year, according to oil industry sources. That’s the level the OPEC heavyweight and its Gulf allies believe would encourage investment in new fields but not lead … Continue reading
Markets In Asia, Japan -0.9%. Hong Kong -0.2%. China -0.8%. India -0.3%. In Europe, at midday, London +0.2%. Paris -0.1%. Frankfurt +0.1%. Futures at 6:20, Dow flat. S&P flat. Nasdaq -0.1%. Crude +0.6% to $54.32. Gold -0.1% to $1256.90. Ten-year … Continue reading
Markets Nothing’s gonna stop us now? The Dow finished with a more than 30-point gain on Thursday, hitting its tenth record closing high in a row and matching the best streak of consecutive records since 1987. Futures are heading lower … Continue reading
Markets While it wasn’t a blowout quarter by any stretch – earnings growth is tracking about 7.5%, according to Thomson Reuters, only a below-average 1.5% improvement on the estimate at the start of Q4. But along with 5% revenue growth, … Continue reading
Markets More rate hike clues? The Federal Reserve will publish the minutes of its Jan. 31 – Feb. 1 meeting at 2 p.m. ET. Janet Yellen indicated in testimony before Congress last week that a rate increase at the central … Continue reading
Markets In Asia, Japan +0.7%. Hong Kong -0.8%. China +0.4%. India +0.4%. In Europe, at midday, London flat. Paris +0.3%. Frankfurt +0.5%. Futures at 6:20, Dow +0.3%. S&P +0.2%. Nasdaq +0.3%. Crude +1.6% to $54.66. Gold -0.7% to $1230.80. Ten-year … Continue reading
Markets In Asia, Japan -0.6%. Hong Kong -0.3%. China -0.9%. India +0.6%. In Europe, at midday, London +0.2%. Paris -0.8%. Frankfurt -0.2%. Futures at 6:20, Dow -0.2%. S&P -0.2%. Nasdaq -0.1%. Crude -0.5% to $53.49. Gold flat at $1241.10. Ten-year … Continue reading
Markets Two days of testimony from a more hawkish Janet Yellen has cemented the idea that the U.S. central bank will raise interest rates by midyear if not sooner. Yellen also said she opposes an intrusion on the Fed’s independence … Continue reading
Markets Two of today’s key reports – retail sales and the Consumer Price Index – may provide more clues than Janet Yellen about how soon the Fed could raise interest rates. The Chair testifies for a second day, this time … Continue reading