Stocks making the biggest moves after hours: CSCO, NTAP & more
Check out the companies making headlines after the bell on Wednesday: Cisco surged more than 6 percent in after-hours trading after the company reported quarterly revenue and earnings that beat Wall Street expectations. Total revenue for the company rose to...
Homebuilder and construction stocks enter bear market
Stocks of major home construction companies fell on Wednesday, beleaguered by a slump in U.S. equity trading and a decline in homebuilder sentiment. Declines in Lumber Liquidators and American Woodmark pushed the Home Construction exchange-traded fund (ITB) into bear market...
Trump might get his slowdown in rate hikes, but for the wrong reason
Among the unintended consequences from President Donald Trump’s trade war is that it could cause the Federal Reserve to slow the pace of its interest rate hikes. While Trump has spoken out against the central bank’s policy tightening and...
DAX in Red as investors Seeing Blue
The DAX index continues to trade in red territory. The pair has posted sharp losses in the Wednesday session and is trading at 12,234, down 1.00% on the day. There are no major events on the schedule. On Thursday, Germany...
US: Retail Sales Indicated Solid Start to Q3 Consumer Spending
Despite worries about spending fatigue after a strong Q2 and hand-wringing about auto sales, the July retail sales report was solid in most areas. Still, rising prices are a headwind, evident in gas sales’ outsized gains. No Signs of Third...
Dollar Surges on Strong Retail Sales, But Yen Even Stronger on Risk Aversion
Dollar jumps higher in early US session as supported by strong retail sales data. But the greenback is once again outshone by Yen on risk aversion. At the time of writing, DAX is down -1.22%, CAC is down -1.19% and...
Cryptocurrency investor robbed via his cellphone sues AT&T for $224 million over loss
A U.S. investor filed a $224 million lawsuit against AT&T Wednesday accusing the telecommunications giant of negligence that allegedly caused the California resident to lose roughly $24 million in cryptocurrency. In a 69-page complaint filed with the U.S. District Court...
US industrial output rises modestly, powered by factories
U.S. industrial production edged higher in July, boosted by higher manufacturing output in a positive sign for economic growth. The Federal Reserve said on Wednesday industrial production rose 0.1 percent last month after an upwardly revised 1.0 percent increase in...
US retail sales increase strongly in July
U.S. retail sales rose more than expected in July as households boosted purchases of motor vehicles and clothing, suggesting the economy remained strong early in the third quarter. The Commerce Department said on Wednesday retail sales increased 0.5 percent last...
Trump trade war with China leads to ‘off the charts’ rush of imports at nation’s busiest port
The escalating trade war with China is leading U.S. retailers to speed up the import of goods from Asia’s largest economy to avoid new tariffs and ensure they have adequate supplies for the winter holidays. Executives say nervous importers pushed...
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