Business News
Oil rises alongside equities, but weak OPEC outlook caps gains
Oil prices on Friday rebounded from a two-day drop, alongside equities as expectations of further stimulus by central banks helped to ease recession concerns.
Articles by admin
Business News
Dollar firms, stocks soar on ECB rate cut expectations
The dollar strengthened while U.S. and European stocks surged on Friday amid growing expectations the European Central Bank will cut interest rates to stimulate the economy and after China said it plans to boost disposable income to spur consumption.
Business News
Wall Street extends gains on German stimulus hope
U.S. stocks rose on Friday and were on track to end a bruising week on a positive note, bolstered by hopes of more stimulus from central banks to perk up slowing growth.
Trading Ideas
How ETFs Offer “Free Money”
If you invest heavily in mutual funds, your strategy may be costing you a lot more than you think.
Today, Nicholas Vardy explains how to calculate your costs and utilize ETFs to earn what basically amounts to free money.
“A penny saved is a penny earned.”
– Benjamin Franklin
You’ve probably heard this bit of Ben Franklin’s wisdom before. But if you stop to think about it, you’ll realize that Franklin’s insight is not entirely correct.
That’s not his fault. After all, he coined this proverb before the era of personal income taxes. Because of taxes, today, a penny saved is more than a penny …read more […]
Business News
U.S. housing market mired in weakness; consumer sentiment ebbs
U.S. homebuilding fell for a third straight month in July amid a steep decline in the construction of multi-family housing units, but a jump in permits to a seven-month high offered hope for the struggling housing market.
Business News
Deere to slash costs after trade war hits earnings
Deere & Co. on Friday announced a review of costs after quarterly profits yet again missed Wall Street’s estimates, hurt by bad weather and the U.S.-China trade war that have depressed sales of farm machines.
Business News
Germany’s Nextmove cancels Tesla order, citing quality issues
German car rental firm Nextmove has canceled the bulk of a 100-vehicle order from Tesla worth 5 million euros ($5.54 million) over quality problems with the Model 3, it said on Friday.
Business News
Wall Street climbs at end of turbulent week
Hopes of more official stimulus for the economy and the easing of a bond market rally drove a broad rise in U.S. stocks on Friday, as a bruising week for markets drew to a close.
Business News
OPEC sees bearish oil outlook for rest of 2019, points to 2020 surplus
OPEC delivered a downbeat oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges in 2020 as rivals pump more, building a case to keep up an OPEC-led pact to curb supply.
Business News
Technology stocks lift Wall Street at open
U.S. stocks opened higher on Friday in broad-based gains led by technology stocks, on easing bond market rally and China’s plans to boost economic growth.
Business News
Take Five: Fed in a hole
On Wednesday, the U.S. Federal Reserve releases the minutes of its last meeting, revealing what policymakers said about the flattening Treasury yield curve and the strength of support for July’s quarter-point rate cut.
Business News
Oil edges up as recession fears ease but OPEC outlook weighs
Crude oil prices rose on Friday, recovering from two days of declines, after data showing a rise in U.S. retail sales helped to ease recession concerns, although a bearish outlook from OPEC capped gains.
Business News
Wall Street set to bounce after turbulent week
Hopes of more official stimulus for the economy and the easing of a bond market rally put Wall Street on track to open sharply higher on Friday, as a bruising week for markets drew to a close.
Business News
BMW’s CEO urges staff to narrow sales gap with Mercedes
BMW’s new chief executive urged employees to embrace change and to find innovative ways to help the Bavarian carmaker overtake rival Mercedes at a time when demand for luxury cars is waning.
Business News
Deere trims earnings forecast on trade war effects
Deere & Co. on Friday cut its earnings forecast and announced a review of costs after quarterly profits yet again missed Wall Street’s estimates, hurt by bad weather and the U.S.-China trade war that have depressed sales of its farm machines.