Dollar and Yen Staying Near Term Bullish Against Euro, With Weaker Momentum
The forex markets are basically staying in recent trends, but with weaker momentum. Dollar extended the rally against Euro and Swiss Franc, but it’s kept in tight range against Sterling, Aussie and Loonie for the momentum. Yen, is broadly higher...
China says its trade surplus with the US expanded by nearly $7 billion last month
Last month saw major growth in China trade. China’s April imports jumped 21.5 percent and its exports grew 12.9 percent against the prior year-ago period. Both of those figures, denominated in U.S. dollars, topped analysts expectations: A Reuters poll had...
After-hours buzz: HTZ, ZG, SNAP & more
Check out the companies making headlines after the bell: Hertz Global shares slumped 8 percent in after-hours trade. The car rental company’s revenue surpassed expectations but it reported a substantially larger loss per share than expected. Zillow stock sank more...
Activist investor ValueAct takes $1.2 billion stake in Citigroup: WSJ
ValueAct Capital Partners has built a $1.2 billion stake in Citigroup in a wager that the U.S. bank’s businesses serving corporations will help it rebound. ValueAct has built the position over the past four to five months and is growing...
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