Shares of Caterpillar fell on Friday after reporting a revenue miss in the fourth quarter, citing “global economic uncertainty.” Industrial giant’s quarterly earnings came in at $2.63 per share adjusted, compared to an estimate of $2.37 per Refinitiv. However, its revenue fell 8% year-over year to $13.144 billion, below the estimate of $13.412 billion. CEO […]
Tag: Breaking News: Markets
Dow positive, coronavirus ‘buy’ signal?, record copper losing streak
The Facebook logo is displayed during the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Justin Sullivan | Getty Images This is a live blog. Check back for updates. 3:05 pm: Dow turns positive as WHO calms coronavirus fears The Dow erased a 200-point drop and turned positive after the World Health […]
Bank of England holds key interest rate steady
Mark Carney, the outgoing Governor of the Bank of England. Matt Dunham | WPA Pool | Getty Images The Bank of England (BOE) on Thursday held interest rates following Governor Mark Carney’s final monetary policy meeting. Sterling jumped 0.5% against the dollar to trade at around $1.3084 after the central bank’s Monetary Policy Committee (MPC) […]
Powell says he’s not trying to boost stocks, comments on coronavirus
Federal Reserve Board Chairman Jerome Powell speaks during a press conference following the January 28-29 Federal Open Market Committee meeting, in Washington, DC on January 29, 2020. Mandel Ngan | AFP | Getty Images (This is a live blog. Check back for updates.) 3:07 pm: What the trade deals mean for economy “The fact that […]
Trump says the Fed should cut rates so the US could then ‘focus on paying off & refinancing debt’
President Donald Trump made another pitch to the Federal Reserve to lower interest rates, this time saying that doing so could help the U.S. pay down its burgeoning national debt. In a tweet Tuesday morning, the president said again that the central bank should cut its key lending rate so it’s more in line with […]
Third US case of coronavirus confirmed in California: health officials
The third U.S. case of the brand new coronavirus has been confirmed in Orange County, California, the OC Health Care Agency’s Communicable Disease Control Division introduced in a press launch Sunday. “The OC Health Care Agency’s (HCA) Communicable Disease Control Division obtained affirmation from the Centers for Disease Control and Prevention (CDC) this night […]
Hong Kong leader declares citywide virus emergency over coronavirus
Lam introduced a package deal of measures aimed toward limiting the Asian monetary hub’s connections to mainland China. Flights and excessive velocity prepare journeys between Hong Kong and the Chinese metropolis of Wuhan shall be halted, and annual official Lunar New Year celebrations for town have been scrapped. Hong Kong well being authorities have confirmed […]
Intel, American Express, Disney, Broadcom & more
Intel (INTC) – Intel reported quarterly revenue of $1.52 per share, beating the consensus estimate of $1.25. The chipmaker’s income additionally exceeded Wall Street forecasts, helped by an enchancment in private laptop and knowledge middle demand. Intel additionally gave an upbeat current-quarter outlook, in addition to asserting a 5% dividend enhance. Walt Disney […]
US futures point to slightly higher open on Wall Street
Global equities have been subdued not too long ago by fears of the China coronavirus spreading, with the dying toll rising to 26 and the variety of confirmed instances growing to 830. The virus originated in China, however instances have additionally been reported within the U.S., Japan, and South Korea. The World Health Organization […]
Airbus, Nasdaq to create derivative trading for airline tickets
Just like airline corporations use oil futures to hedge towards the volatility in gas prices, they are going to quickly have the ability to do the identical with the swings in ticket fares, which fluctuate drastically throughout holidays, occasions and totally different climate. The London-based platform Skytra will allow airways to handle its […]
