Here’s how much damage has been done to the stock market during a powerful rout

October 12, 2018

Nearly 1,400 points and more than 5.2%: That is the degree to which the Dow Jones Industrial Average has gotten wrecked since Oct. 9, underscoring a punishing plunge for the broader stock market that appears to be the on verge […]

U.S. consumers feel financially confident as holiday season approaches

October 2, 2018

As the 2018 holiday shopping season approaches, most Americans are feeling pretty good about their finances. The majority of consumers believe the U.S. economy has improved since last year, and 75 percent expect that trend will continue in 2019, according […]

Why a Fed rate hike is unlikely to reignite the dollar rally

September 25, 2018

Investors are wondering whether a highly anticipated rate increase by the Federal Reserve this week will reignite a dollar rally. Some analysts are skeptical that fully anticipated monetary tightening will do the trick. “The dollar has been weakening since mid-August […]

Capital, Finance Tech

JP Morgan Chase third-quarter earnings top Wall Street estimates

October 12, 2018


J. P. Morgan Chase topped analysts’ expectations for third quarter earnings as better-than-expected retail banking results offset weakness in bond trading. The bank beat expectations for earnings and revenue: J.P. Morgan reported revenue of $27.8 billion, versus the $27.5 billion […]

Financial Services, Industries

PayPal Rises on New Partnership With Walmart

October 11, 2018

Via: TheStreet

PayPal Holdings Inc. (PYPL) is going brick-and-mortar. The digital payment service announced a partnership with Walmart Inc. (WMT) that will allow customers to withdraw and deposit funds to and from their accounts at Walmart stores. PayPal shares were up 1.7% […]

Finance Tech, Trading

Europe stocks slump to their lowest level in 20 months as Wall Street sell-off grips global markets

October 11, 2018


European markets were sharply lower Thursday morning, following steep losses in the U.S. overnight amid fears over rapidly rising interest rates and an expected slowdown in global growth. The pan-European Stoxx 600 was down by 1.8 percent during mid-morning deals, […]