1/ROAD TO NO. Sterling has sunk to its lowest in 27 months as the two candidates tried to outdo each other with hard Brexit rhetoric, including pledges to leave the EU with or without a transition trade deal, come the Oct. 31 deadline. There is a view that once in power, the new prime minister will tone down the rhetoric and begin renegotiating an arrangement with Brussels.
--Most Asian stocks down; European shares waver. --Brent crude oil price gains 2.2%. China's new market for technology groups opened with a rally on Monday.
KeyCorp (KEY), Signature
Bank (SBNY) and U.S. Bancorp (USB) are among the regional banks "expected to be better positioned for a Fed rate cut, thanks in part to a lower percentage of variable-rate loans," according to a Barron's analysis. Source link: https://bit.ly/2Yjs2g7.
An expected interest rate cut by the Federal Reserve later this month is pushing yield-oriented U.S. fund managers further afield in search of income at attractive prices.
When New York Fed President John Williams talked about the need to "vaccinate the economy" on Thursday, markets listened. In fact, as the U.S. central bank nears what is expected to be its first rate cut in a decade, global markets are hanging on to every clue about the upcoming decision to an unusual degree. One reason for investor confusion stands out.
The biggest technology companies are propelling major U.S. indexes' record run, highlighting investor enthusiasm for the hottest stock sector as economic growth softens. Together, Microsoft Corp. (MSFT), Apple Inc., Amazon.com Inc. (AMZN) and Facebook Inc. have accounted for 19% of the S&P 500' s total return this year, according to S&P Dow Jones Indices data through Thursday. That rate is roughly in line with the contributions made by the biggest tech stocks in 2017 and much of last year, before a...
The U.S. sports betting market is on the cusp of a nationwide boom. Industry heavyweights have been clamoring to make the most of the huge opportunity ahead after a year ago last month the Supreme Court relaxed a federal law banning sports betting. The ruling opened the door for the estimated $400 billion black market to morph itself into the mainstream.
An expected interest rate cut by the Federal Reserve later this month is pushing yield-oriented U.S. fund managers further afield in search of income at attractive prices.
Major stock indexes ended lower this past week as investors weighed signals of an interest-rate cut and mixed earnings results from some of America's biggest companies. Strong consumer businesses drove some banks' quarterly profits higher; Netflix Inc. (NFLX) says its number of U.S. subscribers declined for the first time in nearly a decade; and Gannett Co. (GCI) soared after The Wall Street Journal reported that the newspaper publisher is nearing a deal to combine with rival GateHouse...
The Nikkei 225 closed the week down 1%. "Stocks End Week Lower as Fed Signals Small Rate Cut" at 4:58 p.m. ET, incorrectly stated the index rose 1% for the week in the last paragraph. (END) Dow Jones Newswires 07-19-19 1847 ET Copyright (c) 2019 Dow Jones& Company, Inc..
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