Tag: Featured

January 21, 2019

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 […]

January 21, 2019

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 […]

January 16, 2019

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 […]

January 15, 2019

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 […]

January 15, 2019

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 […]

January 14, 2019

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 […]

January 14, 2019

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 […]

January 9, 2019

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 […]

January 8, 2019

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 […]

January 8, 2019

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 […]