Reports Q4 2018 Earnings on Wednesday, January 16, before the open Revenue Expectation: $7.78B EPS: $5.61 Scandals rarely pose an existential threat to global financial institutions. But in the short-run they can tarnish reputations and sink stock prices. New York-based Goldman Sachs Group Inc. (NYSE:) is currently embroiled in such a situation....
Investors in airline stocks had a rough ride in 2018. Turbulence was spurred by a variety of industry specific issues including highly volatile prices, capacity expansions—which include adding routes and bolstering hubs, all of which cut into profit margins—as well as slowing demand from lucrative business travelers....
The path of least resistance in is higher. Even oil bears will agree. What remains an enigma is how much further the bull market can go without flipping as Saudi determination to cut supply faces China’s vulnerable economy and its drag on global energy demand. Oil bulls, of...
Global stocks, U.S. futures fall after China's trade data miss Treasuries, yen, gold gain; WTI drops on risk-off shift GBP wavers ahead of key Brexit vote Key Events Global equities and futures on the , and dropped this morning, reinforcing the outlook that Friday's equity slip on Wall Street may...
Data released overnight shows that U.S. President Donald Trump’s tariffs have taken a significant bite out of both China's , which dropped 7.6% in December, and , which fell 4.4%, the worst results for both metrics since 2016, before the U.S. presidential election. Indeed, economic data from the...
US President Donald Trump’s actions with China at the G20 may have just strengthened Saudi Crown Prince Mohammed bin Salman’s resolve on what to do at this week’s OPEC meeting: “Kick the can down the road”, as analysts say, on production cuts. MbS, as the Crown Prince is...
Global stocks are on the rise today. So are US equity futures, including the . The US and China have come to a , at least for the next 90 days. As well, Fed Chief Jerome Powell that rate hikes going into 2019 may slow. We, however, that...
The jury remains out on the direction technology stocks might take going into 2019, after the fourth quarter rout that sent sector share prices tumbling. Some analysts believe it’s just a temporary blip in an environment where the US economy remains strong and there’s no real sign of...
90-day US-Sino tariff hiatus, dovish Fed put stocks back on track But technicals suggest weakness Yields fall below 3% as traders price in a slower path to higher rates Dollar 0.3 percent away from 1.5-year high All major US indices—the , , and —closed higher on Friday, capping the largest weekly...
For equity markets, perhaps nothing is more important right now than a possible breakthrough in the US-China trade dispute, ideally in the coming week. The escalating spat involving tariffs and counter-tariffs that now weighs on half of all trade between the world’s two largest economies has kept stocks...