NEW YORK (Reuters) – The biggest U.S. banks are expected to kick off the earnings season on a sour note next week due to falling interest rates, which may have pressured net interest margins enough to cause the sector’s first year-over-year earnings per share decline in three years. FILE PHOTO: Continue Reading
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Tech stocks lift Wall Street as reports brighten hopes of trade deal
(Reuters) – Wall Street rose for the first time in three sessions on Wednesday with technology stocks providing a boost, as a report that China was open to a partial trade deal soothed investor nerves ahead of high-level talks on Thursday. FILE PHOTO: Traders work on the floor at the Continue Reading
Wall Street tumbles as factory activity hits 10-year low
(Reuters) – The S&P 500 and Dow suffered their worst tumbles in over a month on Tuesday after data showed U.S. factory activity shrank in September to its weakest in over a decade, ratcheting up fears that the U.S.-China trade war is hobbling the world’s largest economy. FILE PHOTO: Traders Continue Reading
Google Q1 revenues $36.3 billion but miss Wall Street expectations
Google parent Alphabet reported its Q1 earnings Monday, with shares at $11.90. While shares exceeded analyst expectations, revenue fell short. The company reported overall revenue at $36.34 billion, which was shy of the $37.33 billion expected by Wall Street. Shares are down roughly 5 percent in after-hours trading. Mobile and Continue Reading
Wall Street drops on paltry jobs growth, global slowdown worries
(Reuters) – Wall Street declined on Friday after data showed U.S. job growth almost stalled in February, adding to concerns of a slowdown in global growth sparked by weak China export data and a prolonged slowdown in eurozone. FILE PHOTO: Traders work on the floor of the New York Stock Continue Reading