Markets
Fed’s Jerome Powell to give testimony
U.S. stock index futures were lower on Tuesday morning, as traders waited to hear from Federal Reserve Chairman Jerome Powell. At around 03:35 a.m. ET, Dow futures slipped 93 points, indicating a negative open of more than 100 points. Futures on the S&P and Nasdaq were also lower. Wall Street closed lower on Monday on …
Pico to acquire Corvil, creating the new benchmark for technology services in financial markets
NEW YORK, LONDON, DUBLIN, July 09, 2019 (GLOBE NEWSWIRE) — Pico, a leading provider of technology services for the global financial markets community, today announced it has signed a definitive agreement to acquire Corvil, a market leader in real-time analytics and machine intelligence products for financial markets infrastructure performance and operations. The acquisition brings together …
Spotify Lite is now officially out for 36 markets around the world
The lite app is pretty, well, light on features, though it will still give users a way to search for artists and songs, save and share them, discover new music and enjoy playlists. They’ll be able to use it with either a free or a Premium account, and they can use it alongside the main …
Read Deutsche Bank CEO Christian Sewing’s email to staff about job cuts
Deutsche Bank CEO Christian Sewing, in an email to colleagues, said he “greatly regrets” the impact these job cuts will have on employees, adding that it is in the “long-term interests” of the bank. Deutsche Bank announced Sunday that it will pull out of global equities sales and trading, scale back investment banking and slash …
S&P 500, US-China trade, oil and currencies in focus
Stocks in Asia were mixed in Tuesday morning trade. Meanwhile, the S&P 500 touched a record high overnight on Wall Street on the back of a recent pause in tariff escalation between the U.S. and China. The Nikkei 225 in Japan added 0.12% in early trade, while the Topix rose 0.13%. In South Korea, however, …
Trump and Xi agree to talks, but offer no clear path to end the trade war
U.S. President Donald Trump attends a bilateral meeting with China’s President Xi Jinping during the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lamarque | Reuters The United States and China have been here before. After threatening to impose potentially devastating tariffs, President Donald Trump pulled back in the wake of talks with …
World markets cautious as eyes turn to Trump-Xi meeting
SINGAPORE (AP) — World stock markets were subdued Thursday ahead of a planned meeting between U.S. President Donald Trump and Chinese leader Xi Jinping at the G-20 summit in Japan this week. In Europe, France’s CAC 40 edged 0.2% lower to 5,489 and Germany’s DAX picked up 0.2% to 12,272. Britain’s FTSE 100 shed 0.3% …
Watch Falcon Heavy launch complex Air Force mission
[The stream is slated to start at about 11 p.m. ET. Please refresh the page if you do not see a player above at that time.] SpaceX is launching its massive Falcon Heavy rocket for the second time this year on Monday night in an experimental mission for the U.S. Air Force. The rocket is …
Dow Ends Lower; Stocks Cap Record Week With Down Day
The Dow Jones Industrial Average ended down Friday, but held onto most of the week’s gains following reports that President Donald Trump ordered, but then rescinded, an airstrike on military installations in Iran. Shares of Canopy Growth (CGC – Get Report) tumbled after the company posted a wider loss on better-than expected revenue. Canopy Growth is Real …
S&P 500 Sets Record High as Fed Signals Interest Rate Cuts, Oil Prices Surge
The S&P 500 set an intraday record high Thursday as investors were spurred on by signals of lower interest rates from the Federal Reserve. Oracle (ORCL – Get Report) rose after the enterprise software company topped analysts’ earnings and revenue expectations for its fiscal fourth quarter, and said first-quarter profit likely would top forecasts. Oracle …
