Fed’s Rosengren is optimistic on the economy but wary of trade risks
The Federal Reserve will probably need to raise interest rates at least three more times this year in the face of a robust U.S. economy, even while possible trade disruptions pose risks, a top Fed policymaker said on Friday. Boston...
Consumer sentiment slips more than expected in April after hitting 14-year high
Consumer sentiment slipped in April, after recording its highest level since 2004 in March, amid concerns about President Donald Trump’s trade policies on the U.S. economy. The University of Michigan’s mid-month report on consumer attitudes about the economy inched down...
Yen Selling Intensified, Dollar Supported by Hawkish Fed Rosengren
Yen continues to be the weakest one today as selloff intensifies in European session. Relieves from immediate risks are still as the major reason driving the Japanese currency down. Australian Dollar continues to be the strongest one with AUD/USD and...
Hardly anyone is paying taxes on their bitcoin gains as filing deadline nears
With just a few days to the U.S. tax filing deadline, still only a tiny fraction of Americans have reported their cryptocurrency holdings, according to Credit Karma. Of the most recent 250,000 filers on the Credit Karma Tax platform, fewer...
Your first trade for Friday, April 13
The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of United Continental. Steve Grasso was a buyer of Avis Budget Group. Dan Nathan was a buyer of Microsoft. Guy Adami was a...
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...
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