Category: Finance Tech

October 19, 2018

Tesla shares slipped Friday morning, down 0.94%, after CEO Elon Musk revealed a lower-cost Model 3 sedan was ready for order on the company’s website. They had gained as much as 2.2% in early action. “Just released lower cost, mid-range […]

October 18, 2018

Bank of America Merrill Lynch downgraded homebuilder stocks Toll Brothers, PulteGroup and NVR and lowered its homebuilding estimates for 2018 and 2019. “This morning BofA Merrill Lynch’s US economics team lowered its 2018-2019 housing starts and new home sales forecasts […]

October 15, 2018

U.S. stocks are mixed Monday as technology companies continue to slump and the Commerce Department said retail sales remained sluggish in September. The S&P 500 and other major U.S. indexes are coming off their worst week since late March as […]

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 […]

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 […]

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, […]

October 10, 2018

Gold futures prices slipped Wednesday as elevated bond yields hovered near their steepest since 2011 and the dollar index traded slightly higher. December gold GCZ8, -0.14% was down $1.20, or 0.1%, at $1,190.30 an ounce, nearing a revisit of the […]

October 10, 2018

In the world of Bitcoin, mysterious “whales”—individuals who own large hoards of the digital currency—have long been a source of speculation and anxiety. Now, new research sheds light on the identity of the whales and their impact on the market. […]

October 10, 2018

Global shares were mixed in muted trading Wednesday amid continuing worries about trade tensions and slowing global economic growth. KEEPING SCORE: France’s CAC 40 shed 0.5 percent in early trading to 5,292.91, while Germany’s DAX fell nearly 0.3 percent at […]

October 9, 2018

European and Asian markets are mixed after the International Monetary Fund lowered its outlook for the world economy, citing the impact of rising interest rates and trade tensions. KEEPING SCORE: Germany’s DAX lost 0.1 percent to 11,930.66 while the CAC […]