Wells Fargo shares fall on fears strong first quarter profit may be reduced by regulatory settlement
Wells Fargo’s earnings beat expectations Friday, but the bank emphasized that the results could be revised depending on the outcome of talks with regulators over a possible $1 billion settlement. The bank reported a 5.5 percent gain in first-quarter profit....
White House reportedly to threaten China with tech investment ban
The Trump administration is planning to increase trade pressure on China by threatening to block Chinese technology investment in the United States, The Wall Street Journal reported, citing officials familiar with the matter. The Journal also said the U.S. may...
Starbucks downgraded on concerns about craft coffee competition, customer loyalty
Craft coffee competition and questionable customer loyalty are likely to hamper Starbucks sales over the next two years, according to one Wall Street analyst. “We find competitive growth critical to monitor, as we believe this is largely responsible for Starbucks’...
Obituary: Russell Julius, 1960-2018
It was the hair you noticed first, as jumbled as a thicket and as untameable. He liked to say it gave him something of the Medusa. Then the voice, excitedly gabbling about deals or bankers – it was usually one...
JP Morgan shares rise as first-quarter profit easily tops expectations
J.P. Morgan Chase on Friday reported first-quarter earnings that beat on both the top and bottom line, although trading revenue growth remained light. Here’s what the company reported versus expectations: — Earnings of $2.37 a share vs. an estimated $2.28...
3 Things I Wish I Knew When I Started Trading Forex
Trading forex – what I learned Trading forex is not a shortcut to instant wealth. Excessive leverage can turn winning strategies into losing ones. Retail sentiment can act as a powerful trading filter. Everyone comes to the forex market for...
Australian Dollar Higher after China Data, EUR/AUD in Focus
Australian dollar strengthens broadly in Asia session as lifted mildly by China’s trade data. The Aussie is also among the strongest ones for the week, together with Canadian Dollar and New Zealand Dollar. Euro suffered some selloff overnight, in particular...
Singapore’s central bank tightens monetary policy for first time in six years
Singapore’s central bank tightened monetary policy for the first time in six years on Friday, saying the city-state’s economy should remain on a steady expansion path in 2018, even as it acknowledged risks from a possible escalation of U.S.-China trade...
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