October 13, 2020

Citigroup says profit fell 34% in the third quarter due to weakness in its consumer banking division, as the pandemic continues to make it tough for millions of Americans and businesses to pay their bills. The New York-based bank said […]

October 12, 2020

Stocks are starting higher on Wall Street as investors brace for the beginning of quarterly earnings reports from US companies, which get underway this week. The S&P 500 is up 0.7% in the first few minutes of trading Monday, while […]

October 12, 2020

The dollar may tumble to its lows of 2018 on the rising likelihood of Joe Biden winning the U.S. election and progress on a coronavirus vaccine, according to Goldman Sachs Group Inc. “The risks are skewed toward dollar weakness, and […]

October 9, 2020

Oil futures lost ground early Friday, but the U.S. benchmark remains on track for a 10% weekly advance as Hurricane Delta nears landfall on the U.S. Gulf Coast and a strike curtails a large chunk of Norway’s crude output. Oil […]

October 9, 2020

Some are calling it “a la carte stimulus,” with aid for airlines in Column A, PPP aid in Column B. Whatever it is, hopes for stimulus — preelection, postelection, comprehensive package, stand-alone deal, whatever and whenever — is supporting breakouts […]

October 8, 2020

Gold rose Thursday to stage a partial rebound from a more than one-week low a day earlier, buoyed by optimism over the renewed prospects for some sort of U.S fiscal stimulus. Prices held onto their gains after data on Thursday […]

October 8, 2020

IBM (IBM) – IBM said it would spin off the managed infrastructure services unit of its global technology services division into a separate public company, to allow it to focus on its hybrid cloud growth strategy. The spin-off will be […]

October 7, 2020

House Democrats unveiled their nearly 450-page antitrust report Tuesday finding Amazon, Apple, Facebook and Google each hold monopoly power and, in some cases, should have parts of their businesses effectively broken up. Now, the real work begins. Lawmakers are charged […]

October 6, 2020

Gold futures finished lower on Tuesday, a day after settling at their highest in just over two weeks on the heels of a weaker U.S. dollar. Investors continued to keep an eye on the moves in the dollar, as well […]

October 6, 2020

SeaWorld Entertainment — SeaWorld shares popped more than 7% after a Credit Suisse analyst upgraded them to outperform from neutral. The analyst also hiked his price target on the stock to $30 per share from $13 per share, implying a […]