Stocks rallied into the close, ending just shy of session highs, as optimism over progress on U.S.-China trade talks appeared to overshadow concerns about a slowing economic expansion, while investors embraced the market debut of ride-hailing company Lyft Inc., shares of which closed 8.7% higher than where they priced ThursdayRead More →
London’s markets climbed on Monday, with investor optimism driven by reports a trade deal between China and the U.S. could be reached soon. How are markets performing? The FTSE 100 UKX, +0.66% rose by 0.7% to 7,156.87, after finishing the week down 1% on Friday. The pound GBPUSD, +0.0454% climbedRead More →
There’s plenty of cheer being passed around for a Friday, and we can thank China for a chunk of that. Thursday’s better-than-expected U.S. growth data from the world’s second biggest economy was reinforced by an upbeat manufacturing survey, cooling some concerns about a global economic collapse, at least for now.Read More →
Getty Images China’s President Xi Jinping and President Donald Trump at a G-20 meeting in 2017. The failed summit between President Donald Trump and North Korean leader Kim Jong Un has “injected an element of uncertainty” to the outlook of a U.S.-China trade deal, said Derek Scissors, an economist atRead More →
Crude-oil futures marked their lowest settlement in more than a week on Monday as President Donald Trump blamed OPEC for a recent resurgence in prices, calling for moderation. “Oil prices getting too high. OPEC, please relax and take it easy. World cannot take a price hike – fragile!” Trump tweeted.Read More →
U.S. stocks fought back from early losses Thursday that were sparked by weak retail sales numbers and rising jobless claims. The consumer staples sector was the biggest loser, declining 0.9%, followed by financial stocks, down 0.8%. How are equity markets faring? The Dow Jones Industrial Average DJIA, -0.22% trimmed lossesRead More →
Optimism over a potential trade deal between the two largest economies in the world is helping to support markets on both sides of the Pacific Ocean with stocks in China rallying along with their peers in the U.S. The Shanghai Composite SHCOMP, +1.84% gained for a third session Wednesday andRead More →
Shares of Microchip Technology Corp. shot up to a six-month high Wednesday, after the semiconductor maker provided a downbeat provided outlook for the current quarter, but Chief Executive Steve Sanghi said he believes that will mark the bottom for the company. And he’s been spot on before. Microchip MCHP, +7.62%Read More →
Getty Images The best-performing basket of stocks this year are S&P 500 companies that derive most of their revenue from Western Europe. An escalating trade war, decelerating growth in Europe and China and an increasing dovish Fed were all factors that were supposed to make the United States a relativeRead More →
When markets tumble, Larry Kudlow is there to break the fall. That is the impression some investors and analysts have formed in recent weeks, as negotiations over U.S.-China trade policy continue, and as the Trump administration’s March 1 deadline for completing an agreement draws near. These market participants lament notRead More →
U.S. stock futures indicated losses for Wall Street on Tuesday, as fresh concerns over the state of the global economy and grade were set to greet investors returning from the long holiday weekend. Earnings will also swing into focus, with a busy week ahead. How are the benchmarks trading? DowRead More →
Shares in Asia rose Monday, extending gains on Wall Street last week. Buying enthusiasm has been spurred by renewed hopes for progress on resolving the trade standoff between the U.S. and China. Shares rose in Shanghai and Hong Kong early Monday despite news that China’s economy grew at its lowestRead More →
Where there’s smoke, there’s fire. At least that’s the hope after a WSJ report on Thursday said the U.S. may ease China tariffs to facilitate a trade deal. “Although, the Treasury didn’t confirm this…the market has bought this for now and if this turns out to be a junk, theRead More →
U.S. stock futures rose Friday, pointing to the fourth-straight win for equities, as investors hung on to optimism over a report that Washington might ease trade tariffs on Beijing. Equity markets will be closed on Monday in observance of Martin Luther King Jr. Day. How are benchmarks faring? Dow JonesRead More →
Oil futures moved higher on Friday, after a report that the U.S. could be ready to ease tariffs on China inspired investors to pick up perceived riskier assets such as commodities. West Texas Intermediate crude for February delivery CLG9, +0.98% rose 66 cents, or 1.3%, to $52.73 a barrel, afterRead More →
Apple Inc.’s warning of massively lower revenue for its holiday quarter is an ominous indicator of global economic trends that have already taken a huge bite out of Wall Street, but it shouldn’t be a surprise. Apple AAPL, +0.11% Chief Executive Tim Cook pointedly placed the blame for cutting expectationsRead More →
