(Reuters) – U.S. stocks rose sharply on Thursday, with the benchmark S&P 500 topping a key technical level for the second straight day, after tepid inflation data eased worries of faster interest rate hikes this year.
Democrats are struggling to come up with an economic plan challenging the Trump tax cuts. …read more […]
BOSTON (Reuters) – Wells Fargo & Co on Thursday said a cap on the bank’s growth imposed by regulators after sales practices scandals would hurt earnings less than it thought this year, and forecast 2019 expenses below Wall Street expectations.
The NYSE FANG index of firms from Apple Inc. to Netflix Inc. has rallied for 10 out of 11 trading sessions to reach 2,753, less than 1 percent away from a record 2,770 reached in mid-March. Whether that record gets broken sooner than later may hinge on Nvidia Corp., which reports after the close. Santa Clara-based Nvidia is expected to forecast fiscal second quarter revenue of $2.95 billion, up 32 percent from the same time a year ago, according to an average of analyst estimates compiled by Bloomberg. …read more […]
NEW YORK (Reuters) – Crude prices slipped on Thursday, giving up early gains as investors took profit on a rally triggered by potential disruption to oil flows from major exporter Iran in the face of U.S. sanctions.
Younger Chinese consumers don’t appear to see products from Europe and the US to be superior to domestic brands the way that their parents did. The shift in perception has led to increased dominance of the Chinese smartphone market by domestic companies, rather than Apple. William Li, founder of electric car startup Nio, believes the same trend will play out between his company and Tesla in the Chinese automobile market. …read more […]
(Reuters) – The Dow Jones Industrial Average was on track for sixth day of gains and the S&P 500 edged past a key technical level after tepid inflation data cooled worries of faster interest rate hikes.
NEW YORK (Reuters) – The U.S. dollar slid and U.S. government debt yields fell on Thursday as a modest rise in consumer prices in April damped expectations that faster inflation could lead the Federal Reserve to boost interest rates more than expected in 2018.
(Reuters) – Goldman Sachs and Apple Inc are preparing to launch a joint credit card as early as next year, the Wall Street Journal reported https://www.wsj.com/articles/goldman-sachs-apple-team-up-on-new-credit-card-1525965387 on Thursday.
“… People will make mistakes. Some will alter their system or jump from system to system as each one has a losing period. Others will be unable to resist second-guessing the trading signals. Whenever I go to a money management conference and sit down with a group to have some drinks at night, I always hear the same story. ‘My system worked great, but I just didn’t take the gold trade, and that would have been my biggest winner.'”
– Larry Hite, hedge fund manager
For many years, I taught a two-hour intensive workshop titled “How to Manage Your Money Like …read more […]
Today, Democrats in the House of Representatives released over 3,500 Facebook …read more […]
BOSTON (Reuters) – Wells Fargo & Co on Thursday said a cap on asset growth imposed by regulators after various sales practices scandals would hurt earnings less that it expected this year, and forecast 2019 expenses below Wall Street expectations.
LONDON (Reuters) – Crude oil fell on Thursday, giving up earlier gains as investors took profit on a rally triggered by potential disruption to oil flows from major exporter Iran in the face of U.S. sanctions.
(Reuters) – Wall Street was higher on Thursday after U.S. consumer prices increased modestly in April, cooling worries of accelerating inflation that would have made a case for faster interest rate hikes.
BOSTON (Reuters) – Wells Fargo & Co on Thursday said the aftertax impact on net income of a regulatory cap on its assets will be less than $100 million in 2018, and gave an outlook for 2019 expenses that was slightly lower than analyst expectations.
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