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News

World economy forecast to slow in 2019 amid trade war with China, rising US interest rates

January 21, 2019

Via: USA TODAY

DAVOS, Switzerland (AP) — The world economy will be more sluggish this year, the International Monetary Fund warned Monday, citing trade disputes that have seen China slow to its weakest pace in 30 years as well as the impact of […]


Finance Tech, Trading

Shares mixed as China says 2018 growth slowest since ’90

January 21, 2019

Via: ABC News

World shares are mixed after China reported that its economy expanded at a 6.6 percent annual pace in 2018, its slowest pace since the slump that followed the crackdown on protests centered on Tiananmen Square in 1989. KEEPING SCORE: Germany’s […]


Industries, Retail & Wholesale

Eddie Lampert’s Winning Bankruptcy Bid Saves Sears—And 50,000 U.S. Jobs

January 16, 2019

Via: Fortune

Sears is saved—for now. The company’s chairman and hedge fund manager Edward Lampert won the U.S. department store chain in a bankruptcy auction with a bid of approximately $5.2 billion, according to Reuters and the Wall Street Journal. Lampert’s winning […]


Capital, Finance Tech

JPMorgan Earnings Fall Shy of Estimates for First Time in Four Years

January 15, 2019

Via: TheStreet

JPMorgan Chase & Co. (JPM – Get Report) , the largest U.S. bank, missed analysts’ profit estimates for the first time in four years, as trading revenue fell short of expectations and costs rose for loan-loss reserves. Net income rose […]


Finance Tech, Trading

Buyer beware: Airline stocks are a ‘value trap,’ warns expert

January 15, 2019

Via: CNBC

Airline stocks can’t seem to catch a break. The NYSE Arca Airline Index, which tracks U.S. and international carriers, lagged the broader market in 2018 — dropping nearly 21 percent compared with the S&P’s decline of more than 6 percent […]


Capital, Finance Tech

Citigroup Beats Fourth-Quarter Profit Estimates After Slashing Costs

January 14, 2019

Via: TheStreet

Citigroup Inc. (C – Get Report) , the third-biggest U.S. bank, posted a fourth-quarter profit that beat analysts’ estimates, with CEO Michael Corbat cutting costs as revenue slid. Net income was $4.3 billion, the New York-based bank said Monday in […]


Finance Tech, Trading

World shares sink after China reports slowdown in exports

January 14, 2019

Via: ABC News

Shares were lower in Europe and Asia on Monday, extending the latest losses on Wall Street after China reported a slowdown in exports. KEEPING SCORE: Germany’s DAX lost 0.9 percent to 10,791.30 and the CAC 40 in France fell 1 […]


News

The government shutdown threatens the US with a credit-rating cut for only the 2nd time in history

January 9, 2019

Via: Business Insider

Fitch, one of the “Big Three” ratings agencies, has warned that the continued government shutdown puts the US at risk of losing its “AAA” credit rating in the near future. Speaking in London Wednesday, James McCormack, Fitch’s global head of […]


Finance Tech, Liquidity

Goldman cuts 10-year Treasury yield target for 2019 to 3%

January 8, 2019

Via: Market Watch

Goldman Sachs has rolled back its call for much higher rates in U.S. government bonds in the U.S., though it still expects a gradual climb from the current muted levels in the Treasury market. In a Tuesday note, Goldman Sachs […]


Industries, Retail & Wholesale

Retail stocks could rally another 10 to 15 percent from here, says technician

January 8, 2019

Via: CNBC

Retail stocks are turning a new leaf in the new year. After ending 2018 with their worst quarter since 2008, the group has rallied more than 6 percent since the first trading day of the year. Craig Johnson, chief market […]