Wall Street

15 hours ago
Move over Jamie Dimon. Wall Street has a new banking king. A leading analyst anointed Morgan Stanley’s chief executive as the new leader of Wall Street on Friday following a gangbusters quarter — calling an end to the longtime reign of Dimon at JPMorgan Chase. “There is simply no CEO in the financial industry better...
nypost.com
15 hours ago
Move over Jamie Dimon. Wall Street has a new banking king. A leading analyst anointed Morgan Stanley’s chief executive as the new leader of Wall Street on Friday following a gangbusters quarter — calling an end to the longtime reign of Dimon at JPMorgan Chase. “There is simply no CEO in the financial industry better...
nypost.com
19 hours ago
The Wall Street Journal found that the Mueller team is pursuing information about Peter Smith. The Wall Street Journal has doggedly pursued a strand of the Russa investigation that has largely flown under the radar as other avenues of investigation such as President Donald Trump's financial ties to Moscow and Paul Manafort's dealings in Ukraine garnered more attention. But a new report from the paper on Friday reveals that it not only the Journal that's been paying attention — Special Counsel Robert Mueller's team has zeroed in on the curious case of GOP operative Peter Smith as well.Smith, who died shortly before the Journal first began reporting on his actions in 2017, was conducting a wide-ranging effort in the run-up to the 2016 presidential election to track down Hillary Clinton's emails. Along the way, he developed a relationship with disgraced Trump campaign aide and former National Security Adviser Michael Flynn. And now, the Journal says there is evidence that could t...
www.alternet.org
19 hours ago
This irate mining honcho is bringing down the hammer on Wall Street. The chief executive of an iron-ore giant — claiming that a Goldman Sachs analyst gave him the shaft with a faulty profit estimate — went on a bizarre tirade in a Friday conference call, warning, “You can run, but you can’t hide.” “You...
nypost.com
19 hours ago
CNBC's Bob Pisani reports on the markets biggest shorts. The FM traders weigh in. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Steve Grasso, Brian Kelly and Dan Nathan.
19 hours ago
The Dow snaps its losing streak. Should investors trade it or fade it? With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Steve Grasso, Brian Kelly and Dan Nathan.
21 hours ago
Central Americans fleeing mortal danger may now be forced into deciding between having their children either incarcerated for years or taken away from them. From the early days of the Trump administration, the White House and Justice Department have obsessively sought to separate asylum-seeking parents from their children at the U.S.-Mexico border. The American people and the courts have mounted fierce resistance to this sadistic practice, but Trump’s men will not be deterred.Separation continues despite having been officially forbidden by the courts. Last week, the White House announced a desire to revive explicit separation, potentially through this policy described by the Washington Post:“One option under consideration is for the government to detain asylum-seeking families together for up to 20 days, then give parents a choice—stay in family detention with their child for months or years as their immigration case proceeds, or allow children to be taken to a government s...
www.alternet.org
21 hours ago
Iron ore producer Cleveland-Cliffs Inc Chief Executive Officer Lourenco Goncalves slammed Wall Street financial analysts on Friday, saying some of them were an "embarrassment" and did not understand his company's business.
www.reuters.com
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21 hours ago
Latin American currency and stock indices were on track to log weekly gains for a fifth straight week, with most currencies firming on Friday, while stock markets trimmed gains as the rally on Wall Street lost some momentum. The MSCI emerging markets Latin American currency index looked set to post a weekly gain of 0.7 percent, while the stock index was on track for a 1.2 percent rise. On the day, however, Brazil's stock in
www.reuters.com
21 hours ago
Don Cheadle, Andrew Rannells and Regina Hall star in Showtime's comedy series, executive produced by Seth Rogen and Evan Goldberg
www.rollingstone.com
22 hours ago
Wall Street Journal editorial board member and Fox News contributor Mary Kissel is expected to join the Trump State Department, according to a source familiar with the matter.It is not known what specific position...
22 hours ago
CLEVELAND (AP) — The CEO of a mining company exploded at Wall Street analysts on Friday, saying they can’t read financial reports and should resign. Lourenco Goncalves told analysts on a conference call that they didn’t understand his company, Cleveland-Cliffs Inc., or even their own businesses. “You guys should resign for your lack of knowledge […]
22 hours ago
Dan Ives of Wedbush Securities initiated coverage of Apple with an outperform rating and a 12-month price target of $310, higher than any other analyst on Wall Street. Chinese demand and services are the "linchpin" to Apple's growth, Ives says.
www.cnbc.com
22 hours ago
The CEO of Cleveland-Cliffs, an iron ore mining company went off the rails on a conference call with Wall Street analysts Friday.
www.cnn.com
23 hours ago
On this day in 1987, the stock market dropped 22.6 percent — the largest single-day loss in Wall Street history.
www.npr.org
1 day ago
* Dow rises 1.6 pct, S&P up 1.6 pct, Nasdaq dips 1.6 pct (Updates to early afternoon)
www.reuters.com
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1 day ago
A handful of beaten-down stocks could be screaming buys, at least if Wall Street forecasters are any indication.  
1 day ago
Cleveland-Cliffs CEO Lourenco Goncalves berates Wall Street analysts during the company's third-quarter earnings conference call on Friday.
1 day ago
Cleveland-Cliffs CEO Lourenco Goncalves berates Wall Street analysts during the company's third-quarter earnings conference call on Friday.
1 day ago
U.S. stocks rose broadly on Friday, driven by the consumer staples sector which was helped by Procter & Gamble results, brushing aside growth risk concerns in Europe and political tensions in Saudi Arabia.
www.reuters.com
1 day ago
U.S. stocks rose broadly on Friday, driven by the consumer staples sector which was helped by Procter & Gamble results, brushing aside growth risk concerns in Europe and political tensions in Saudi Arabia.
www.reuters.com
1 day ago
* Indexes up: Dow 0.4 pct, S&P 0.5 pct, Nasdaq 0.5 pct (Changes comment, adds details, updates prices)
www.reuters.com
1 day ago
After a punishing session on Thursday, Latin American stocks rose on Friday, taking cues from Wall Street's higher open, while currencies firmed as the dollar steadied. A recovery in the euro from two-month lows hit on worries over Rome's draft budget being rejected by the European Union had the dollar retreating from highs hit in the previous session. Wall Street was buoyed by strong earnings from blue chips, encouraging bulls in the regional bourses, with Mexico'
www.reuters.com
1 day ago
"Paul deserved more time in life. He would have made the most of it," Gates wrote in an essay in the Wall Street Journal.
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1 day ago
Apparel maker VF Corp's second-quarter results topped Wall Street expectations and raised its forecast for the year on Friday as demand for its popular Vans sneakers and The North Face outerwear offset losses in its other businesses.
www.reuters.com
1 day ago
U.S. stocks were set to open higher on Friday as a handful of major U.S. companies posted strong results, helping to relieve concerns about political and growth risks in Europe and Saudi Arabia that drove a 1 percent fall a day earlier.
www.reuters.com
1 day ago
U.S. stocks were set to open higher on Friday as a handful of major U.S. companies posted strong results, helping to relieve concerns about political and growth risks in Europe and Saudi Arabia that drove a 1 percent fall a day earlier.
www.reuters.com
1 day ago
"This upcoming product cycle remains a linchpin for Cook & Co. to lay the groundwork for 'steady' iPhone growth for the next few years," longtime tech analyst Dan Ives wrote.
1 day ago
Stocks sank further on the Tokyo Stock Exchange on Friday, with investor sentiment dampened by a Wall Street plunge overnight.The 225-issue Nikkei average slumped 126.08 ...
1 day ago
U.S. stock index futures pointed to a slightly higher open Friday as investors shrugged off worries surrounding rising interest rates and the threat of a U.S.-China trade war.
1 day ago
The C.L.O., a cousin of the mortgage-related product that malfunctioned a decade ago, has become one of the hottest investments on Wall Street.
www.nytimes.com
1 day ago
U.S. stock futures pointed to a slightly higher open Friday as investors shrugged off worries surrounding rising interest rates and the threat of a U.S.-China trade war.
1 day ago
Analysts are split on whether higher U.S. interest rates could put the stock market's impressive run in jeopardy.
www.cbc.ca
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1 day ago
Japan's Nikkei ended the week on a sour note on Friday, booking its third straight week of decline after tracking broader overnight losses on Wall Street and Europe.
www.reuters.com
1 day ago
BEIJING (AP) — Asian stock markets were mixed Friday after Wall Street declined on losses for tech and industrial stocks and Chinese economic growth slowed. KEEPING SCORE: Tokyo’s Nikkei 225 index fell 0.8 percent to 22,487.21 and India’s Sensex lost 1.3 percent to 34,338.69. Hong Kong’s Hang Seng picked up 0.5 percent to 25,571.54 and […]
1 day ago
The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
www.reuters.com
1 day ago
Asian stock markets sank Friday after Wall Street declined on losses for tech and industrial stocks and Chinese economic growth slowed.
www.ctvnews.ca
1 day ago
Hold on to your stomachs. Wall Street took a wild ride on Thursday as major stock indexes plunged into the red, hit by a sell-off in tech stocks, rising interest rates and worries about weakening global growth as US tensions with Saudi Arabia increased. The Dow Jones industrial average sank 470 points at its lowest...
nypost.com
1 day ago
Robert Luna of Surevest Wealth Management says investors are "giving up that future possibility of growth" for safe haven plays such as utilities and consumer staples.
1 day ago
The highly secretive Silicon Valley-based data company Palantir is reported to be considering an initial public offering. The firm was founded by Peter Thiel, and is known for ability to analyze extremely large data sets for intelligence agencies and governments worldwide. The U.S. government credits Palantir with help assassinating Osama bin Laden, and disrupting various terror organizations. A Palantir Technologies Inc. IPO could be one of the biggest we've seen this decade, reports Rob Copeland at the Wall Street Journal: Palantir is discussing with investment banks Credit Suisse and Morgan Stanley plans to go public as soon as the second half of 2019, the people said. Some bankers have told the firm it could go public with a valuation of as much as $41 billion—depending in part on the timing—or twice what it was most recently valued by private investors, the people said. People familiar with the plans said they remain in flux, and that Palantir could ultimately decide to stay...
1 day ago
Tony Dwyer of Cannacord Genuity says that a fall in the markets should have been expected since there has been "historically low volatility" and "historically high complacency" lately. However, Dwyer is not deterred by the sell-off.
1 day ago
American Express Co topped Wall Street estimates for third-quarter profit on Thursday and lifted its yearly earnings forecast, as a strengthening U.S. economy powered higher credit card spending.
www.reuters.com
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1 day ago
American Express Co topped Wall Street estimates for third-quarter profit on Thursday and lifted its yearly earnings forecast, as a strengthening U.S. economy powered higher credit card spending.
www.reuters.com
1 day ago
How the party’s economic and immigration policies end up catering to the wealthiest sliver of American society. Globalization presents a fundamental dilemma for the Democratic Party: Do you get to greater economic fairness by more redistribution in a globalized, financialized/IP-dominated economy, thus accepting open borders and innovation-led growth—or by rebuilding the profitable productive economy to increase domestic incomes and wages, thus embracing a robust industrial and trade policy to reshape global supply chains and to build productive enterprises? The problem if the party accepts the latter is that it moves it closer to Trump’s policy turf, with a wide range of mostly negative long-term consequences.John Judis addressed this point starkly in a recent New York Times article:“The bold supranational initiatives of globalization—a system of floating exchange rates in relation to the dollar; the unrestricted flow of capital; free trade (with few tariffs and gover...
www.alternet.org
1 day ago
NEW YORK, Oct 18- U.S. Treasury yields slipped on Thursday as safe-haven demand fueled by more losses on Wall Street mitigated selling tied to worries about further interest rate increases from the Federal Reserve. "While there were no surprises, this was a reaffirmation of the hawkish rhetoric from Fed officials we have been hearing the past several weeks," said...
1 day ago
Stocks like Western Digital, Micron Technology, Wynn, American Airlines, and Stanley, Black & Decker are trading at big discounts to Wall Street price targets, but are any worth a look? Piper Jaffray’s Craig Johnson and Susquehanna’s Stacey Gilbert investigate.
1 day ago
U.S. stocks sank more than 1 percent on Thursday as weak industrial earnings raised worries about rising expenses and the impact of tariffs, adding to concerns over higher borrowing costs after hawkish commentary in the Federal Reserve's minutes.
www.reuters.com
1 day ago
U.S. stocks sank more than 1 percent on Thursday as weak industrial earnings raised worries about rising expenses and the impact of tariffs, adding to concerns over higher borrowing costs after hawkish commentary in the Federal Reserve's minutes.
www.reuters.com
2 days ago
Blackstone Group LP, the U.S. buyout firm which is relying on Saudi Arabia to provide half the money for its planned $40 billion infrastructure fund, waved off concerns about funding on Thursday even as controversy rages over the disappearance of a Saudi journalist that has frayed relations between Wall Street and the oil-rich kingdom.
www.reuters.com
2 days ago
Blackstone Group LP , the U.S. buyout firm which is relying on Saudi Arabia to provide half the money for its planned $40 billion infrastructure fund, waved off concerns about funding on Thursday even as controversy rages over the disappearance of a Saudi journalist that has frayed relations between Wall Street and the oil-rich kingdom.
www.reuters.com
2 days ago
* Carrefour jumps 9 pct after Q3 sales rise (Updates prices, adds quotes, graphic)
www.reuters.com
2 days ago
Blackstone Group LP, the U.S. buyout firm which is relying on Saudi Arabia to provide half the money for its planned $40 billion infrastructure fund, waved off concerns about funding on Thursday even as controversy rages over the disappearance of a Saudi journalist that has frayed relations between Wall Street and the oil-rich kingdom.
www.reuters.com
2 days ago
U.S. stocks fell on Thursday as weak earnings reports from industrials raised worries about rising expenses and the impact of tariffs, adding to concerns over higher borrowing costs after hawkish commentary in the Federal Reserve's minutes.
www.reuters.com
2 days ago
U.S. stocks fell on Thursday as weak earnings reports from industrials raised worries about rising expenses and the impact of tariffs, adding to concerns over higher borrowing costs after hawkish commentary in the Federal Reserve's minutes.
www.reuters.com
2 days ago
The FTSE 100 followed its global peers into the red on Thursday as a renewed sell off on Wall Street continued to drag on equity markets.
2 days ago
They don't call it "ruthless capitalism" for nothing! Ebay has filed a lawsuit against fellow online retail giant Amazon, reports the Wall Street Journal. The charge? Amazon used EBay's internal messaging system — intended for use between EBay merchants and customers — to poach sellers and bring them over to Amazon.  The scheme occurred both internationally and within the U.S., and the tactics cited in the lawsuit are pretty blatant. Many of the poachers use boilerplate language from one solicitation to another. And they even discuss their activities within the platform itself. EBay seems to have very strong evidence that this was going on. The question is whether it was actually illegal, or just shady behavior. EBay is suing on the grounds of "intentional interference with contractual relations and economic relations," according to the Wall Street Journal report. And, "fraud and violation of the California penal and business and professions codes." Read more...More ab...
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