Mike Bloomberg has proposed hiking taxes on wealthy investors, imposing a levy on financial transactions, and toughening financial regulations. It is a fine list. The problem: It is the polar opposite of his past positions. …read more […]
Shares of the Cincinnati, Ohio-based retailer were roughly flat in morning trading after jumping as much as 7%. Macy’s reported a small decline in holiday same-store sales in January, surprising investors who were bracing for a sharper drop after a profit warning citing weak international tourism and sluggish mall traffic. “We had a solid holiday season … our customers responded well to our gifting assortment and marketing strategies, especially in the 10 days before Christmas, when we saw a significant uptick in sales,” Chief Executive Officer Jeff Gennette said on a post-earnings conference call. …read more […]
(Bloomberg) — Three key Republicans on the Senate Banking Committee said Monday that they remain undecided on President Donald Trump’s nomination of Judy Shelton to the Federal Reserve Board.“She doesn’t have my vote yet,” Alabama Senator Richard Shelby said as lawmakers returned to Washington from a break.Republican Senator John Kennedy of Louisiana said he’s still reviewing Shelton’s work, trying to determine where she stands on policy issues regarding the Fed.“I’m just trying to understand what her position is,” he said. “It’s changed pretty dramatically.”Senator Pat Toomey, a Pennsylvania Republican and another member of the Banking Committee, is also undecided, according …read more […]
Walt Disney Co’s theme parks, resorts and cruise line will serve Impossible Foods’ plant-based meat burgers, the companies said on Tuesday, a new win for the vegan patty maker that is broadening its reach across fast-food chains.
U.S. consumer confidence edged up in February, suggesting a steady pace of consumer spending that could support the economy despite growing fears over the impact of the fast spreading coronavirus, which have roiled financial markets.
Mastercard, Shake Shack and Amazon are the companies to watch …read more […]
U.S. stock indexes ticked slightly higher on Tuesday as investors dipped their toes in the water a day after worries about the worldwide spread of the coronavirus sent the S&P 500 and the Dow Industrials to their biggest daily declines in two years.
Eight candidates have applied to head Norway’s sovereign wealth fund, the country’s central bank said on Tuesday, as its board prepares to decide who should steer the global portfolio of assets worth $1.1 trillion through a time of transition.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like… …read more […]
JPMorgan Chase & Co largely maintained its key profit goals for the medium term on Tuesday, signaling steady but slower growth, and raised its financial commitment for clean-energy initiatives after years of pressure from environmental activists.
Yahoo Finance’s Brian Sozzi and Alexis Christoforous break down the market action for HP and Xerox. …read more […]
Oil slipped towards $56 a barrel on Tuesday, falling for a third day, as concerns about the spread of the coronavirus and its impact on oil demand outweighed OPEC output cuts and Libyan supply losses.
(Bloomberg) — Improving markets gave Bank of Nova Scotia and Bank of Montreal a first-quarter profit boost, with the two Canadian financial giants reporting higher earnings in capital markets and wealth management.Scotiabank’s capital-markets division posted a turnaround quarter, while earnings from global wealth management climbed as well. They were the Toronto-based company’s best-performing units in the three months through Jan. 31. Bank of Montreal benefited as well, with a 39% surge in BMO Capital Markets earnings, helping counter a profit decline at the lender’s U.S. retail-banking unit.The two companies join Royal Bank of Canada in posting first-quarter results Tuesday that …read more […]
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