With the country entering its third week of protests over social and racial justice, the spotlight has been cast again on the state of blacks in the workforce — in particular, the glacial progress of diversity in tech. It’s a topic that has flickered for decades, with fitful attempts atRead More →
As was the case Wednesday, when the highly anticipated launch from the Kennedy Space Center of a SpaceX rocket in cooperation with NASA was scrubbed, the weather forecast for Saturday on central Florida’s Atlantic coast makes the rescheduled launch a 50-50 proposition. The launch is set for Saturday at 3:22Read More →
Ready or not, here comes earnings season. Wall Street anticipates a 2% year-over-year decline in fourth-quarter S&P 500 earnings, versus the 2.5% gain predicted at the start of that quarter, according to FactSet estimates. Financials, though, are expected to be a bright spot in that mix, and JPMorgan Chase hasRead More →
© Reuters. FX Manipulator No More, Spiraling Debt, Hong Kong Hope: Eco Day (Bloomberg) — Welcome to Tuesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started: President Donald Trump’s administration plans to lift its designation of China as a currency manipulator, removingRead More →
Economists had harbored some faint hope that if the U.S. economy started to rapidly slow Congress might come to the rescue with some form of fiscal stimulus. Such hopes are now dashed in the wake of the decision by House Democrats to launch a formal impeachment inquiry into President DonaldRead More →
© Reuters. Model showing property project “Yulinyuanzhu” developed by Shanghai Red Star Macalline Real Estate Group is seen at a showroom in Xishuangbanna, Yunnan By Lusha Zhang and Ryan Woo XISHUANGBANNA, China (Reuters) – A bus came to a halt amid a tropical rainforest not far from China’s border withRead More →
BEIJING (AP) — Asian stocks tumbled Monday after relatively strong U.S. employment data tempered hopes the Federal Reserve might cut interest rates. Benchmarks in Shanghai, Tokyo, Seoul and Hong Kong all declined. Fed leaders have said they are ready to cut rates to support economic growth amid a tariff warRead More →
Stocks on Wednesday were poised to extend a potent advance after Federal Reserve Chairman Jerome Powell implied that the central bank would cut borrowing costs if financial conditions showed signs of weakening from tariff tensions. How are benchmarks faring? Futures for the Dow Jones Industrial Average YMM19, +0.60% were upRead More →
There goes the “hope” premium. Stock-market investors spent the first four months of 2019 penciling in an easy resolution to a U.S.-China trade tiff. Things have changed. “While we, like most investors, are hopeful that a trade deal gets done sooner rather than later, we don’t think hoping for theRead More →
Advanced Micro Devices Inc. shares rallied in the extended session Tuesday after the chip maker’s full-year outlook held out some promise, while its revenue and first-quarter outlook missed Wall Street estimates and earnings were in-line. AMD shares AMD, -4.61% rallied 9% after hours and held steady during a callRead 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 →
