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Financial Services, Industries

Citi 3Q profit fall 34% but tops Wall Street expectations

October 13, 2020

Via: ABC News

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 […]


Finance Tech, Trading

Global shares rise with US stimulus, virus cases in focus

October 12, 2020

Via: ABC News

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 […]


Finance Tech, Liquidity

Short the dollar if Biden wins the White House, Goldman Sachs suggests

October 12, 2020

Via: Fortune

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 […]


Energy, Industries

Oil pulls back, but on track for 10% weekly rise as Hurricane Delta bears down on U.S. Gulf Coast

October 9, 2020

Via: Market Watch

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 […]


Finance Tech, Trading

Traders are confused by the stimulus back-and-forth and have their doubts about the market gains

October 9, 2020

Via: CNBC

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 […]


Finance Tech, Liquidity

Metals Stocks: Gold settles higher on renewed prospects for another round of U.S. stimulus

October 8, 2020

Via: Market Watch

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 […]


Finance Tech, Trading

Stocks making the biggest moves in the premarket: IBM, Eaton Vance, Domino’s Pizza, Coty & more

October 8, 2020

Via: CNBC

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 […]


News

Congress just finished its Big Tech antitrust report — now it’s time to rewrite the laws

October 7, 2020

Via: NBC News

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 […]


Finance Tech, Liquidity

Metals Stocks: Gold futures end lower, retreating from their highest levels in 2 weeks

October 6, 2020

Via: Market Watch

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 […]


News

Stocks making the biggest moves midday: Boeing, SeaWorld, Sonos, Costco and more

October 6, 2020

Via: CNBC

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 […]