Aramco IPO will come soon, Saudi crown prince to decide: energy minister
FILE PHOTO: The Saudi Aramco logo pictured at the company’s oil facility in Abqaiq, Saudi Arabia, October 12, 2019. REUTERS/Maxim…
Weak U.S. retail sales cast shadow over slowing economy
WASHINGTON (Reuters) – U.S. retail sales fell for the first time in seven months in September, suggesting that manufacturing-led weakness…
Stocks flat on data, earnings; pound volatile
NEW YORK (Reuters) – A gauge of world stock markets was flat on Wednesday as U.S. data that raised concerns…
Wall Street slips as weak economic data offsets earnings strength
NEW YORK (Reuters) – Wall Street lost ground on Wednesday as weak U.S. economic data and simmering geopolitical tensions spooked…
BlackRock names Mehta head of human resources: memo
NEW YORK (Reuters) – BlackRock Inc (BLK.N), the world’s largest asset manager has appointed Manish Mehta as global head of…
‘Goldilocks’ jobs data propels Wall St. to best day since August
(Reuters) – Wall Street surged on Friday after moderate jobs growth in September offered relief from a spate of dismal…
Capital spending outlook another worry ahead of earnings
NEW YORK (Reuters) – Investors are preparing for more cautious capital investment outlooks from U.S. companies as worries mount heading…
Instant View: U.S. September payrolls lower than expected, jobless rate drops
(Reuters) – U.S. job growth increased moderately in September, with the unemployment rate dropping to near a 50-year low of…
Saudi Aramco seeks project finance loan of more than $1 billion: sources
DUBAI (Reuters) – Saudi Aramco has asked banks to submit proposals for a project finance loan of more than $1…
Wall Street ticks lower as Trump impeachment threat weighs
(Reuters) – U.S. stock indexes edged lower on Wednesday as a move to launch an impeachment inquiry into President Donald…
Sprint probed over U.S. low-income subsidies; shares slide 3.3%
WASHINGTON (Reuters) – Sprint Corp (S.N) received tens of millions of dollars in government subsidies for 885,000 low-income subscribers who…
Stocks fall as Trump impeachment talk grows; sterling up after Brexit ruling
NEW YORK (Reuters) – A gauge of global stocks fell for a third day on Tuesday as a push by…
Asian shares edge lower as U.S. House readies Trump impeachment inquiry
TOKYO (Reuters) – Asian stocks fell on Wednesday after the U.S. lawmakers called for an impeachment inquiry into President Donald…
WeWork’s Neumann surrenders control, CEO role following investor revolt
(Reuters) – WeWork co-founder Adam Neumann agreed on Tuesday to resign as chief executive and give up majority voting control,…
Wall Street drops; Pelosi says to start formal impeachment inquiry
NEW YORK (Reuters) – U.S. stocks fell in volatile trade on Tuesday, giving the S&P 500 its biggest daily drop…
Nike’s first quarter shines as direct-to-consumer push gains momentum
(Reuters) – Nike Inc’s (NKE.N) quarterly revenue and profit beat market expectations on Tuesday as a push to sell sneakers…
Shares edge up after Fed rate cut, oil prices gain
NEW YORK (Reuters) – A gauge of global equity performance edged higher on Thursday, a day after the Federal Reserve…
Wall Street mixed as Microsoft climbs and Apple dips
(Reuters) – Wall Street ended mixed on Thursday, with a gain in Microsoft offsetting a dip in Apple, a day…
U.S. stock exchange competition to heat up in 2020 with new entrants
NEW YORK (Reuters) – At least three new U.S. stock exchanges are expected in 2020, executives from the companies said…
Shares of Ping Identity jump 25% in U.S. market debut
Ping CEO Andre Durand celebrates the IPO of Ping on the floor of the New York Stock Exchange in New…
Wall Street ends mixed as Microsoft, Apple offset
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 18,…
Microsoft nudges S&P 500 toward record high
(Reuters) – Microsoft and healthcare companies lifted Wall Street on Thursday, a day after the Federal Reserve cut interest rates…
Banker tells German fraud trial he made millions from ‘astronomical’ trades
BONN (Reuters) – A British investment banker at the center of Germany’s biggest fraud trial told judges on Thursday he…
Shares rise after Fed rate cut, oil prices gain
NEW YORK (Reuters) – A gauge of global equity performance rose within 1% of a record high on Thursday, a…
Waning ECB stimulus bets push bond yields higher
LONDON (Reuters) – Global bond yields rose on Monday, amid growing caution over the extent to which the European Central…
Wall St. barely gains after mixed U.S. jobs data
NEW YORK (Reuters) – The S&P 500 and Dow industrials closed slightly higher on Friday as investors digested a mixed…
Wall St. week ahead: Another recent inversion could provide support for stocks
NEW YORK (Reuters) – A decline in interest rates on long-term U.S. government bonds below the average stock dividend yield…
Asia shares rise on trade talks hope, firm U.S. data; safe havens sold
TOKYO (Reuters) – Asian stocks gained on Friday, joining a global trend as investors took heart from firm U.S. economic…
Wall Street buoyed by China data, Hong Kong and Brexit news
FILE PHOTO: A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City,…
Argentine markets split after currency controls stoke uncertainty
BUENOS AIRES/LONDON (Reuters) – Argentina’s international dollar and euro-denominated bonds fell to record lows on Monday and the official peso…
Wall Street stalls to end weak August as China tariffs loom ahead of U.S. holiday
NEW YORK (Reuters) – Wall Street ended the week with a lackluster session on Friday as investors were cautious ahead…
Trump says trade meeting with China set for September is still on
FILE PHOTO: U.S. President Donald Trump speaks with reporters on the South Lawn of the White House in Washington, U.S.,…
Stocks edge higher but post monthly loss; yuan weakens as tariffs loom
NEW YORK (Reuters) – Hopes for a thaw in the U.S.-China trade war helped a gauge of global stocks rise…
Trump says euro dropping ‘like crazy’ against dollar, blames Fed
U.S. President Donald Trump waves as he walks from the Oval Office of the White House in Washington, U.S., before…
Wall Street Weekahead: Retailers in spotlight as tariffs on consumer products kick in
SAN FRANCISCO (Reuters) – U.S. retailers will be front and center on Wall Street next week as the United States…
SEC fines Texas-based firm for offering illegal tokens, unregistered exchange
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Thursday it fined and settled charges against a Texas-based…
Wall Street rallies after China trade comments
NEW YORK (Reuters) – U.S. stocks rallied more than 1% on Thursday, buoyed by gains in the trade-sensitive technology and…
Wall Street rises on China trade hopes, lead by tech, industrials
FILE PHOTO: A trader works on the floor of the New York Stock Exchange shortly after the closing bell in…
Shares rally, bond yields rise as China fuels trade deal hopes
NEW YORK (Reuters) – U.S. and European shares advanced on Thursday as China struck a hopeful tone on trade relations…
Three U.S. bond kings wield same strategy, get same result: lag their peers
NEW YORK (Reuters) – Three names dominate the U.S. world of bond investing – Jeffrey Gundlach, Dan Ivascyn and Scott…
Kudlow does not expect China to retaliate against latest U.S. tariffs
FILE PHOTO: White House chief economic adviser Larry Kudlow talks with reporters on the driveway outside the West Wing of…
No ready spark seen for lagging U.S. energy shares
NEW YORK (Reuters) – There may be little relief on the horizon for investors in U.S. energy companies, whose shares…
Trump regrets not raising tariffs on China higher, White House says
BIARRITZ, France (Reuters) – President Donald Trump wishes he had raised tariffs on Chinese goods even higher last week, the…
Wall Street Weekahead: Investors look at dollar stores as U.S. recession fears increase
NEW YORK (Reuters) – More investors are watching the shares of discount retailers like Dollar General Corp (DG.N) and Dollar…
Trump heaps another 5% tariff on Chinese goods in latest tit-for-tat escalation
WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump on Friday lashed back at a new round of Chinese tariffs by heaping…
Trump says he had to ‘take China on,’ regardless of short-term impact on U.S. economy
WASHINGTON (Reuters) – President Donald Trump on Tuesday said he had to confront China over trade even if it caused…
Wall St. slips after three days of gains; Home Depot rises
(Reuters) – Wall Street’s main indexes edged lower on Tuesday after three sessions of gains, as lower Treasury yields weighed…
White House says no recession in sight, pushes China trade talks
WASHINGTON (Reuters) – White House officials pushed back on Sunday against concerns that economic growth may be faltering, saying they…
Last orders: Rise of closing auctions stirs worries in European stock markets
LONDON (Reuters) – The final five minutes of trading have become the busiest time of day for stock market traders…
White House says ‘no recession in sight’ despite market turmoil
WASHINGTON (Reuters) – White House officials pushed back on Sunday against concerns that economic growth may be faltering, saying they…
Dollar firms, global stocks soar on ECB rate cut expectations
NEW YORK (Reuters) – U.S. and European stocks surged on Friday on expectations the European Central Bank will cut interest…
Wall Street Week Ahead: Lower rates could boost housing stocks, but risks remain
NEW YORK (Reuters) – Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries…
Take Five: Fed in a hole
(Reuters) – FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah…
Lower rates could boost housing stocks, but risks remain
NEW YORK (Reuters) – Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries…
Wall Street ends sharply higher on German stimulus optimism
NEW YORK (Reuters) – U.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic…
DoubleLine CEO Jeffrey Gundlach warns Fed rate cuts will not stop U.S. recession
(Reuters) – Jeffrey Gundlach, chief executive of DoubleLine Capital, warned on Wednesday that rate cuts by the U.S. Federal Reserve…
Stocks, oil tank on growing signs of global slowdown
NEW YORK (Reuters) – Equity markets tanked and oil prices fell sharply on Wednesday after a closely watched bond indicator…
U.S. import prices rebound, but trend remains subdued
WASHINGTON (Reuters) – U.S. import prices unexpectedly rose in July, but the underlying trend continued to be weak, pointing to…