All News Results

  • Stocks grab another round of records as Wall Street parses trade news

    Stocks finished slightly higher on Monday, carving out record closes for all three major equity benchmarks, as investors tried to gauge the progress on a phase one trade deal between U.S. and China. The S&P 500 was up 2 points, or less than 0.1%, to finish at 3,122. The Dow Jones Industrial Average picked up 31 points, or 0.1%, to end around 28,036, based on preliminary numbers. The Nasdaq Composite rose 9 points, or 0.1%, to end near 8,550. Investors were tugged by news reports that both...

  • Oil futures finish lower after posting 2 consecutive weekly gains

    Oil futures fell on Monday, pulling back after posting gains in each of the last two weeks as traders monitored developments tied to a potential U.S.-China trade deal. Monthly data from the Energy Information Administration Monday showed expectations for a continued rise in U.S. shale oil production. It's forecast to climb by 49,000 barrels a day in December from November to 9.133 million barrels a day, the EIA said.

  • Oil ends lower amid lack of China trade progress trade; Natural-gas prices skid to November nadir

    By Myra P. Saefong and William Watts, MarketWatch. Natural-gas futures fall by more than 4%. Oil futures settled lower on Monday, after posting back-to-back weekly gains on rising hope for a so-called phase-one U.S.-China trade deal.

  • Stocks drift higher even as Wall Street weighs lack of progress on trade pact

    By Chris Matthews and William Watts, MarketWatch, Andrea Riquier. Dow ended last week with push above 28,000 milestone. Stocks pushed slightly higher Monday afternoon after spending the early part of the session bouncing between flat and slightly lower, as investors gauged a round of recent all-time highs records against the prospect of a so-called phase- one U.S.-China trade agreement.

  • *Oil futures settle lower following 2 consecutive weekly gains

    (END) Dow Jones Newswires 11-18-19 1437 ET Copyright (c) 2019 Dow Jones& Company, Inc..

  • Fed's Mester says she didn't want to cut rates but is now content to watch and wait

    'We're in a good spot' to see how economy evolves, Cleveland Fed President says. Cleveland Federal Reserve President Loretta Mester said Monday she didn't support the central bank's recent series of three quarter-point rate cuts, but said she's content to watch and wait to see how the economy develops from here. "I would have preferred that we just hold the interest rate where it was and wait for more signs the economy was slowing down more than anticipated," Mester said, in a talk with...

  • Gold ends higher as Treasury yields and the dollar weaken

    By Myra P. Saefong and William Watts, MarketWatch. Investors continue to gauge U.S.-China trade prospects. Gold futures ended higher on Monday, getting a boost as Treasury yields fell and the dollar weakened-- lifting investor demand for the haven metal.

  • Trump suggests he'll testify in impeachment probe and meets with Powell on economy

    President responds to Pelosi as poll shows 70% of Americans say his Ukraine actions were wrong. President Donald Trump on Monday met with Federal Reserve Chairman Jerome Powell on the economy, and suggested he'll testify in writing as House Democrats press on with their impeachment probe. Powell met with Trump at the president's request, but the Fed said Powell gave no hints or promises about what the central bank will do next.

  • For municipal defaults, booms are just as dangerous as busts

    Local governments see new residents needing services now, while future generations who must service the debt are far- off. Over the past several years, the longstanding idea that municipal bonds are risk-free has been sorely challenged. Bondholders have taken haircuts in bankruptcies from Stockton, California, to Jefferson County, Alabama.

  • The Fed is buying billions of mortgage bonds -- here's why it matters

    Fed's goal is to eventually shed its MBS holdings. The Federal Reserve has dramatically picked up the pace of its mortgage bond purchases in recent months as it seeks to keep the housing finance market on an even keel as borrowers race to refinance. But while the central bank has scaled up its purchase plans through the Federal Reserve Bank of New York, which can be tracked here, that doesn't mean it has been loading up its balance sheet.

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