Tag: Featured

September 28, 2020

Crude-oil futures on Monday were edging modestly higher, reversing some earlier weakness that had been sparked by growing concerns about the impact of rising coronavirus cases throughout the globe. Those concerns were amplified after major energy officials said that they […]

September 23, 2020

Nike Inc. rallied in late trading after the world’s largest sportswear maker returned to profit and posted far better revenue than predicted, a sign it’s swiftly bouncing back from the pandemic slump. Revenue amounted to $10.6 billion in its fiscal […]

September 22, 2020

Gold prices on Tuesday saw lackluster moves as the dollar’s recent jump, on the back of concerns about fresh COVID-19 lockdowns implemented in London and other parts of Europe, subsided somewhat. Rising cases in Europe and in the U.S. have […]

September 22, 2020

Federal Reserve Chairman Jerome Powell pledged continued support for an economy that he said has shown substantial improvement but still needs more work. In remarks the central bank leader will deliver Tuesday to the House Financial Services Committee, Powell reiterated […]

September 21, 2020

U.S. Treasury yields fell early Monday as a global stock-market selloff bolstered demand for haven assets such as government bonds, amid renewed worries over the spread of COVID-19. What are Treasurys doing? The 10-year Treasury note yield TMUBMUSD10Y, 0.656% fell […]

September 21, 2020

Financial stocks came under pressure on Monday amid a report that a number of global banks moved allegedly illicit funds over the past two decades despite warnings from U.S. officials. Shares of Deutsche Bank dropped nearly 8%, while JPMorgan fell […]

September 16, 2020

Despite the massive unemployment rate nationwide and the worst economic climate since the Great Depression, holiday retail sales overall are still expected to increase this winter, albeit between a modest 1% and 1.5%, according to Deloitte. Analysts are projecting sales […]

September 15, 2020

The cost of imported goods rose sharply in August for the third straight month, but they still haven’t recovered to pre-pandemic levels and inflation more broadly is still quite low. The import price index advanced 0.9% last month, following increases […]

September 15, 2020

Citigroup will resume slashing its workforce this week, joining some of its rivals including Wells Fargo (WFC) – Get Report that are now reducing headcount in a bid to rein in costs ahead of what is anticipated to be a […]

September 14, 2020

LONDON — Developing countries’ difficulty in containing the spread of the coronavirus pandemic will keep a lid on global oil demand, particularly in India, the OPEC cartel said Monday as it cut its forecasts. OPEC cut its estimates for world […]