Charles Schwab: Dollar likely to continue to weaken

2020-08-14

  Economists at Charles Schwab believe the dollar is in for a long decline for the following reasons: the Federal Reserve has shifted to a zero interest rate policy, U.S. economic growth will likely underperform other major economies due to the coronary virus, political uncertainty is rising, and the growingRead More →

Hey, maybe the economy isn’t so weak after all

2019-12-07

Getty Images Consumers are in a better position to spend this holiday season than last year. The holiday season appears primed to deliver a gift to the economy at year’s end. A surge in hiring, rising wages and record stock market gains have boosted the confidence of consumers, putting themRead More →

Slack shares plunge 15% on weak earnings guidance

2019-09-04

Slack Technologies Inc.’s first earnings report as a public company landed with a thud on Wednesday, pushing its already-depressed shares down 15% in after-hours trading. The workplace-communications company reported second-quarter results that exceeded Wall Street estimates but forecast a slightly larger-than-expected loss for its current quarter, renewing concerns about itsRead More →

Asian markets mixed on weak Japan manufacturing data

2019-08-21

Asian markets were mixed in early trading Thursday, following a day of gains on Wall Street. Preliminary data Wednesday showed Japan’s manufacturing activity shrank for a fourth consecutive month, according to Reuters. The Jibun Bank Flash Japan Manufacturing Purchasing Managers’ Index rose to a seasonally adjusted 49.5 in August fromRead More →

Salesforce Shares Stumble on Weak Guidance By Investing.com

2019-03-04

© Reuters. Investing.com – Salesforce.com (NYSE:) reported fourth-quarter that beat analysts’ expectations on Monday and revenue that topped forecasts, but shares fell on soft guidance. The company reported earnings per share of 70 cents a share on revenue of $3.6 billion. Analysts polled by Investing.com forecast EPS of 55 centsRead More →