Sign up to receive Authers’ Note daily by email here Despite appearances to the contrary, the Trump trade may be moving into reverse as the president’s maiden State of the Union address approaches. The overall level of the stock market is, of course, at fresh records. But the pattern within it is shifting again. The end of the week saw sharp falls for almost all equity markets […]
SEOUL Plans for the first contact between North Korea and the United States after President Donald Trump took office were cancelled after the U.S. State Department denied a visa for the top envoy from Pyongyang, the Wall Street Journal reported on Saturday. The talks, between senior North Korean foreign ministry envoy Choe Son Hui and former U.S. officials, were scheduled to take place on March 1 and […]
By Lewis Krauskopf | NEW YORK NEW YORK U.S. President Donald Trump’s planned economic agenda has fanned the flames for Wall Street’s record-setting run, but some investors worry that his first major address to Congress next week risks dousing it if his plans look slow to execute or are overly vague. The benchmark S&P 500 .SPX has surged 10 percent since Trump’s Nov. 8 election, with optimism […]
The Dow was on track to break its 10-day record-setting streak on Friday, as investors turned cautious after recent comments from Trump administration suggested that pro-growth policies may take longer to be implemented. Wall Street is trading at record levels since the election of Donald Trump as U.S. president, spurred by his promises of tax reforms, reduced regulations and increased infrastructure spending. However, with Trump giving scant […]
TOKYO Asian shares took a breather on Friday, slipping from 1-1/2-year highs as material shares were hit by sudden falls in copper and other commodity prices while investors assessed Washington’s stance on tax and currency policies. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down 0.5 percent, giving back part of this week’s gains, though it is likely to log its fifth straight weekly advance. […]
Since its launch in 2010, Pinterest has established itself as one of the most popular image and idea curation sites, with an incredible 100 million monthly active users. There are plenty of other social-media sites, but for design lovers, Pinterest is still the ultimate source of inspiration, with everything from room makeovers to colour palettes, creative projects and insider tips. Here’s a rundown of some of our […]
Friday 05.00 GMT Overview Asian stocks looked set to end a solid week on a down note, taking their cue from a subdued session on Wall Street as investors looked past some optimistic comments on US tax cuts and failed to catch a boost from higher oil prices. Hot topic Steve Mnuchin, the US Treasury Secretary, said the White House wanted to pass “very significant” tax reform […]
Hewlett-Packard Enterprise is taking a hit after hours after the company revealed first-quarter revenue that’s well below Wall Street estimates. The Internet of Things 10 types of enterprise deployments As businesses continue to experiment with the Internet of Things, interesting use cases are emerging. Here are some of the most common ways IoT is deployed in the enterprise. The company reported first quarter net income of $267 […]
By Lucia Mutikani | WASHINGTON WASHINGTON The number of Americans filing for unemployment benefits rose slightly last week but the four-week average of such claims, considered a better gauge, fell to a 43-1/2-year low in a sign of a strengthening labor market. Other data on Thursday showed house prices increasing solidly in December amid strong demand for housing even as mortgage rates rose. The reports highlighted strength […]
By Yashaswini Swamynathan U.S. stock index futures were little changed on Thursday as investors digested the minutes of the Federal Reserve’s most recent meeting, which pointed to an interest rate hike “fairly soon”. Still, policymakers did not appear to show a sense of urgency in raising rates as inflation remained below the long-term target of 2 percent, effectively taking a rate hike in March off the table. […]
Good morning. Here’s our morning roundup of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. A few months ago Vice founder Shane Smith fronted a superior Vice-HBO documentary, “A House Divided,” that detailed the issues, tactics and rancor that dominated Barack Obama’s relations with a Republican-dominated Congress. Now he sees “a perfect storm” that involves […]
By Nichola Saminather | SINGAPORE SINGAPORE Asian stocks pulled back from a 19-month high on Thursday, while the dollar tried to steady from losses suffered in the wake of the U.S. Federal Reserve minutes indicating a cautious approach to more interest rate increases. MSCI’s broadest index of Asia-Pacific shares outside Japan was fractionally lower. Japan’s Nikkei slid 0.1 percent, while Australian shares retreated 0.3 percent. Overnight on […]
Tesla is likely to turn to Wall Street for another big cash infusion as it gears up to launch its first mass-market electric vehicle later this year, chief executive Elon Musk indicated on Wednesday. His comments came as the US electric carmaker disclosed that chief financial officer Jason Wheeler would leave the company after little more than a year. Mr Musk said only that Mr Wheeler was […]
Goldman Sachs, the last bank on Wall Street to handle significant physical volumes of oil and gas, has pushed back against a planned crackdown on combining finance with commodities trading. The institution warned the Federal Reserve to carefully weigh the effects on markets and companies as it sought to levy steep capital charges against a bank’s holdings of bulk materials. In its letter to the Fed dated […]
By Yashaswini Swamynathan U.S. stocks looked set to open little changed on Wednesday as investors awaited the minutes of the Federal Reserve’s most recent policy meeting for clues on the timing of the next interest rate hike. The Fed will release the minutes of its Jan. 31-Feb. 1 meeting at 2:00 p.m. ET (1900 GMT). Policymakers, including Fed Chair Janet Yellen, have been hinting at the possibility […]
Wednesday 12:45 GMT Overview US equity futures suggest Wall Street will dip from record levels that were reached amid a positive outlook for economic growth. Political concerns leave the euro carrying the wooden spoon in the forex markets, while the rush for supposed havens pushes short term German bond yields to their lowest ever. Hot topic The FTSE All-World equity index is at another record, up 0.1 […]
Over the past year we’ve frequently written about the alarming homicide rates in Chicago (see “Chicago Violence Worst In 20 Years: ‘Not Seen This Level Of Disrespect For Police Ever’“). But, the Wall Street Journal recently conducted an analysis of homicide data since 1985, for the 35 largest cities in the United States, and found that Chicago isn’t the only place where violent crime is surging. As […]
Why Bariloche? San Carlos de Bariloche – or just Bariloche – is in northern Patagonia, in what’s known as Argentina’s Lake District. The area, close to the Andes, is ideal for outdoor enthusiasts and offers a wealth of summer and winter activities. It also acts as an ideal starting point for hikers looking to head farther south to El Chaltén, El Calafate and Torres del Paine. The […]
Oil company Saudi Aramco [IPO-ARMO.SE] has selected JPMorgan Chase & Co, Morgan Stanley, and HSBC Holdings Plc as lead underwriters for its planned initial public share offering, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The listing of Aramco is expected to be the world’s biggest initial public offering and could raise up to $100 billion. The IPO is the centerpiece of […]
By Shinichi Saoshiro | TOKYO TOKYO Asian stocks edged up on Wednesday, joining a record-setting night for world markets as investors cheered upbeat factory activity in Europe and solid earnings on Wall Street. The dollar was steady after hawkish comments from top Federal Reserve officials bolstered expectations the world’s no. 1 economy was strong enough to keep policymakers on course to further raise rates this year. MSCI’s […]
U.S. stocks rose to fresh record highs on Tuesday, boosted by strong earnings reports from Wal-Mart and Home Depot and continued optimism about the economic agenda of President Donald Trump. Wal-Mart’s (WMT.N) shares were the top gainer in the Dow Jones Industrial Average, rising 3 percent after the world’s largest retailer reported higher-than-expected U.S. sales. Home Depot (HD.N) shares gained 1.4 percent after the home improvement retailer […]
Saudi Arabia is favouring New York to list state oil giant Saudi Aramco IPO, while also considering London and Toronto for the prospect of floating the firm, the Wall Street Journal reported on Monday. Saudi officials also talked to exchanges in Singapore, Hong Kong, Tokyo and Shanghai but are unlikely to pursue listing in those places, the newspaper said, citing people familiar with the matter. The listing […]
Tuesday 08:45 GMT Overview European stocks are easing back after a mixed Asia session as Wall Street looks to re-enter the fray at record levels. The dollar is stronger and Treasury yields are moving up as expectations build of tighter US monetary policy, a scenario that is hurting gold. Hot topic European government bond markets remain a focal point for investors after an opinion poll showed Marine […]
With US stocks in record territory and the S&P 500 index the most richly valued in more than a decade, some investors see dark clouds gathering on the horizon. The S&P 500, a broad measure of the stock prices of America’s largest companies, ended last week at a record high and has risen almost 10 per cent since the election of Donald Trump as president in November. […]
