(Reuters) – Bank of America Corp forecast that net interest income would rise half as fast this year after reporting first-quarter revenue on Tuesday that fell short of expectations. The bank’s shares initially fell as much as 2.8 percent but recovered to trade up 0.4 percent by mid-afternoon as analysts focused on its success in […]
WASHINGTON (Reuters) – The White House is considering other possible candidates for the board of the Federal Reserve although U.S. President Donald Trump still backs his two potential nominees, Herman Cain and Stephen Moore, White House economic adviser Larry Kudlow said on Tuesday. Kudlow, speaking to reporters at the White House, added that Trump’s picks […]
WASHINGTON, (Reuters) – U.S. manufacturing output was unchanged in March after two straight monthly declines, leading to the largest quarterly decrease in production since 2017. The Federal Reserve said on Tuesday manufacturing production last month was restrained by weak motor vehicle output. Data for February was revised up to show output at factories falling 0.3 […]
(Reuters) – Wall Street was set to open higher on Tuesday, as stellar results from blue-chip companies including UnitedHealth and Johnson & Johnson lifted sentiment. Investors are banking on the ongoing first-quarter earnings to fuel Wall Street’s rally this year from a late-2018 slump. The benchmark S&P index is just about 1% away from its […]
LONDON (Reuters) – Stock markets inched higher on Tuesday as reassuring data about the health of China’s economy helped investors shrug off disappointing bank earnings in the United States, while volatility in European markets took another leg lower. European shares followed their Asian counterparts and opened marginally higher, leaving the Euro STOXX 600 within a […]
The Greek government says is negotiating to repay its debts to the International Monetary Fund (IMF) early, as market borrowing rates have fallen to their lowest level since 2005. Greek government spokesman Dimitris Tzanakopoulos said on Monday that his country is hoping to repay a “significant portion” of its remaining €9.6bn (£8.3bn) owed to the […]
SANTA MONICA, Calif. — After a 20-month absence, “Game of Thrones” stormed back on Sunday night, setting a new ratings record. The season premiere of the show’s eighth — and final — season had 17.4 million viewers, including viewership through its digital channels, HBO said. The previous record for a single episode of the series […]
(Reuters) – Two leading shareholder advisory firms threw their support behind Allergan Plc’s management by recommending that investors vote against billionaire investor David Tepper’s proposal that the Botox maker immediately split the roles of chief executive officer and chairman. The recommendations of Institutional Shareholder Services LP and Glass Lewis & Co against the proposal by […]
(Reuters) – Wall Street’s main indexes fell on Monday, following a rally in the previous session that put the S&P 500 within striking distance of its record high, as underwhelming results from Goldman Sachs and Citigroup pressured financial stocks. The sector fell for the first time in four sessions, down 0.75%, dragged lower by a […]
(Reuters) – Wall Street’s main indexes fell on Monday, pulling back from a rally in the prior session that took the S&P 500 within striking distance of its September record close, as lackluster results from Goldman Sachs and Citigroup pressured financial stocks. Goldman Sachs Group Inc fell 3.2% and Citigroup Inc dipped 0.9% after both […]