Wall Street main indexes rose 1% on Monday following their worst week in at least four months as Amazon and Nike gained and U.S. factory activity showed a surprise rebound.
U.S. factory activity unexpectedly rebounded in January after contracting for five straight months amid a surge in new orders, offering hope that a prolonged slump in business investment has probably bottomed out.
The European Union and Britain clashed over a post-Brexit trade deal on Monday, with the two sides setting out very different visions of a future relationship that could result in the most distant of ties.
(Bloomberg) — Aside from F-Series pickups hauling in gobs of profit, Ford Motor Co.’s automotive business isn’t carrying much weight lately.Thank goodness for the finance guys.Ford Credit, the lending arm that’s become accustomed to propping up the company in good times and bad, now generates about half the automaker’s profit, up from 15% to 20% in the past.Ford Credit is designed to perform a relatively simple task: make loans to the dealers stocking vehicles, then the consumers who buy them. Now, Ford is relying on its finance unit to help fund multibillion-dollar outlays on electric and self-driving cars while it …read more […]
The “significant reputational hit” suffered by Boeing’s grounded 737 MAX airliner will have to be reflected in the compensation the planemaker pays Ryanair , the CEO of Europe’s biggest budget airline said on Monday.
Goldman Sachs Group is in advanced talks with Amazon.com Inc to offer small business loans in the United States on the e-commerce giant’s lending platform, the Financial Times reported on Monday.
U.S. factory activity unexpectedly rebounded in January after contracting for five straight months amid a surge in new orders, offering hope that a prolonged slump in business investment has probably bottomed out.
U.S. construction spending unexpectedly fell in December, posting its first drop since June, as investment in both private and public projects declined.
The Sherwin-Williams Company (NYSE:SHW) shares fell 4.7% to US$557 in the week since its latest yearly results… …read more […]
Foxconn could see a “big” production impact and shipments to customers including Apple face disruption if a Chinese factory halt due to the coronavirus outbreak extends into a second week, a person with direct knowledge of the matter said.
Invesco Chief Global Market Strategist Kristina Hooper and FBB Capital Partners Director of Research Mike Bailey join Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Jared Blikre to discuss the latest market action on The First Trade. …read more […]
Investors clearly remain obsessed with big-cap tech companies. …read more […]
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.The pound headed for the biggest slump in seven weeks as clashing statements from the U.K. and the European Union fueled fears that talks between the two sides on a future trade deal will be fraught.Sterling fell more than 1% to lead losses among Group-of-10 currencies, wiping out last week’s advance. EU chief negotiator Michel Barnier said in Brussels that a “highly ambitious” trade deal is on offer for the U.K. — but only if London agrees to its rules. Speaking minutes …read more […]
Wall Street’s main indexes rose at the open on Monday, following their worst week in at least four months due to growth concerns stemming from the coronavirus epidemic.
It is not uncommon to see companies perform well in the years after insiders buy shares. On the other hand, we’d be… …read more […]
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