Friday 21:00 GMT Overview US stocks and industrial commodities were riding high and the dollar forged ahead at the end of a week in which an outbreak of worries over forthcoming European elections was replaced by renewed bullishness about the policies of Donald Trump, US president. The more confident mood was also driven by optimism about corporate earnings and evidence of strong trade growth in China. Hot […]
Hundreds of millions of Indians are not in the habit of using toilets, partly due to a lack of latrines. This shortfall in basic infrastructure means that people use the great outdoors to relieve themselves. Thatleads to child deaths, stunting and various diseases which is why Prime Minister Narendra Modi has made it one of his many missions to make more of India what New Delhi is […]
Every time I take a spin through my Facebook or Twitter feeds, I’m reminded that there’s only one big story right now: Trump, Trump, Trump. For news organizations that wrestle with what coverage their community is most likely to consume, this is one of those rare moments when the mystery is solved. Give ‘em Trump. Love him or loathe him, they can’t get enough. But if the […]
By Chuck Mikolajczak | NEW YORK NEW YORK U.S. stocks climbed on Friday, with the S&P 500 closing just short of a record high, boosted by gains in financial shares as President Donald Trump moved ahead with deregulation action and by a strong payrolls report. The S&P financial sector .SPSY jumped 2 percent to score its best day since mid-November after Trump signed an executive order to […]
The $16tn US retirement savings industry faces renewed uncertainty after the Trump administration said it would review a “fiduciary rule” that forces retail brokers to put their clients’ interests first. The decision prompted dismay from backers of the rule, including Jack Bogle, the founder of Vanguard, who criticised the administration for having Gary Cohn, the former Goldman Sachs president, front the rollout of the new policy. It […]
By Lucia Mutikani | WASHINGTON WASHINGTON U.S. job growth surged more than expected in January as construction firms and retailers ramped up hiring, but wages barely rose, handing the Trump administration both a head start and a challenge as it seeks to boost the economy. Nonfarm payrolls increased by 227,000 jobs, the largest gain in four months, the Labor Department said on Friday. The unemployment rate, however, […]
Amazon.com Inc’s (AMZN.O) shares fell as much as 4.2 percent on Friday after the company missed Wall Street targets for its closely watched cloud computing business. Shares fell to $804 in early trading, a day after the company reported lower-than-expected fourth-quarter revenue and said it would continue to spend heavily this year, as it looks to take control of its delivery chain and expand its video service […]
Employees select and dispatch items in the huge Amazon ‘fulfilment centre’ warehouse.Image: Getty Images/oli scarff By Patrick Kulp2017-02-03 04:33:17 UTC Amazon just had its best holiday season ever, pulling in the highest quarterly sales in the company’s history and capping off a year in which it tripled profits from the previous one. Wall Street greeted this news with a definitive “meh.” The online shopping behemoth’s stock fell […]
Friday 02.15 GMT Overview Asian markets retreated following another cautious session on Wall Street overnight. Investors have headed to the sidelines as they digest the Federal Reserve’s most recent policy meeting and await the closely watched US jobs report due later on Friday. Hot topic Central banks have been in focus this week. The Bank of Japan, Federal Reserve and Bank of England have all kept monetary […]
Tableau published fourth quarter and end of year results after the bell on Thursday. The Seattle-based data visualization firm reported a net loss of $21.1 million, or 28 cents per share. Non-GAAP earnings were 26 cents per share on top of $250.7 million in revenue, up 24 percent year over year. Wall Street was expecting just 13 cents per share with revenue of $230.3 million. Tableau’s shares […]
It’s here! Snap — which confidentially filed for its IPO late last year — has released its public filing through the Securities and Exchange Commission. This is another incremental step in the process of going public, but it’s probably the most important because we’re finally getting our first glimpse at the financial guts of the company. Snapchat has gone from a zeitgeist-y app among a younger audience to […]
The Cohort is Poynter’s bi-monthly newsletter about women kicking ass in digital media. Earlier this week, I wrote a piece about whether journalists should participate in political demonstrations and online conversations. While the guidance has always been fairly straightforward (simply put: no), the events of the past few weeks and number of political protests have reignited the debate in newsrooms. More often than not, the answer is […]
The Wall Street Journal’s South Asia deputy bureau chief, Eric Bellman, and reporter Newley Purnell joined readers for a discussion about India’s budget on Thursday. Click above to watch the Facebook Live video. (via WSJ)
The banking caucus Economic stability and improved bank safety haven’t stopped supporters of the Choice Act from moving forward with tearing down Dodd-Frank. The bill was introduced in September by Rep. Jeb Hensarling, a Texas Republican who is a deregulation crusader and friend of Vice President Mike Pence; Pence represented Indiana in the House from 2001 to 2013 and was a critic of Dodd-Frank when the law […]
TOKYO Asian shares inched up to four-month highs while the dollar was finding its feet on Thursday after the U.S. Federal Reserve stuck to its mildly upbeat economic view but gave no hint of accelerating rate hikes. While strong economic data from the United States and elsewhere have underpinned risk assets, uncertainty and concerns over U.S. President Donald Trump’s policies have markets on edge. “With many of […]
Reckitt Benckiser, the maker of household goods including Cillit Bang and Dettol, is in advanced talks to acquire Mead Johnson in a deal that could value the maker of infant formula at about $16.7bn. The British-based company said on Wednesday evening it had offered to pay $90 per share in cash to acquire the US nutritional products maker, a near 30 per cent premium on Mead Johnson’s […]
Blackstone-backed Invitation Homes began trading on Wednesday above its $20 a share initial public offering, as investors latched on to positive signals in the property rental market. The Dallas-based real estate investment trust, which allows investors to buy and sell shares in a company that owns single-family rental properties, raised $1.54bn from its IPO on Tuesday, the largest public offering since mid-2015, according to Bloomberg data. However, […]
India’s government on Wednesday announced its budget which laid out its strategy to boost economic growth following its move in November to void 86% of high-value bank notes. The Wall Street Journal’s South Asia Deputy Bureau Chief Eric Bellman and reporter Newley Purnell will be live on Facebook on Thursday at 10 a.m. India time (11:30 p.m ET) in New Delhi to discuss the budget. Send us […]
Indian Finance Minister Arun Jaitley outlined the country’s budget for the coming fiscal year in a presentation to Parliament on Wednesday. His speech— which The Wall Street Journal live blogged — went for more than two-hours and 30 pages. The full budget document is much longer but there are easier-to-absorb shortcuts to the budget basics on his website: indiabudget.gov.in The website has the full speech with annexes as well as a 15-page “Key Features […]
Apple Chief Executive Tim Cook says India’s move to replace its largest-denomination bank notes with newly designed ones has presented a challenge in India, but the tech giant is still bullish on sales growth in the South Asian nation. Speaking on a call with analysts Tuesday after Apple announced last quarter results, Mr. Cook said “despite the demonetization move in India that created lots of economic pressure there last […]
Wednesday 06:00 GMT Overview Stock markets across Asia were mixed after disappointing earnings and weak US data pushed Wall Street lower overnight. European bourses are expected to open higher, with spreadbetters predicting the UK’s FTSE 100 will add 34 points to 7,133 and Germany’s Dax to gain 70 points to 11,605. The rebound comes after Wall Street climbed sharply off its session lows on Tuesday, and index […]
The words “Muslim-majority country” are permitted in the Wall Street Journal, Editor-in-Chief Gerry Baker told his staff Tuesday, hours after being quoted telling editors to remove the phrase. “There is no ban on the phrase ‘Muslim-majority country,’” Baker said. “But we should always be careful that this term is not offered as the only description of the countries covered under the ban.” Baker was responding to an […]
Apple returned to increasing revenue in the holiday quarter and said the growth rate could accelerate in the coming months, as iPhone sales rebounded strongly in North America, western Europe and Japan. However, despite forecasting revenues to grow as much as 6 per cent in the current quarter, its outlook fell just short of Wall Street’s estimates amid continuing sales declines in China and foreign currency headwinds. […]
Advanced Micro Devices (AMD) posted fourth quarter financial results on Tuesday, reporting higher-than-expected revenues and a net loss in line with expectations. The chipmaker reported a non-GAAP loss of 1 cent per share on revenue of $1.11 billion. Wall Street was expecting a non-GAAP loss of 2 cents a share on revenue of $1.07 billion. For the full fiscal year 2016, the company reported a non-GAAP loss […]
