Earnings season may turn up some stock market winners after December’s battering
After the market’s December meltdown, earnings season could turn up some winners among the rubble, analysts said. What fourth-quarter results will do for the market’s rebound from December’s trough is tough to say, given other factors, like trade talks, Washington...
Square loses head of payments to Visa
Mary Kay Bowman, head of payments at Square is going to Visa to be new head of seller solutions, reporting to Chief Product Officer Jack Forestell. Visa announced the hire in a blog post Friday. Square’s shares went slightly negative,...
If the shutdown lasts two more weeks, the cost to the economy will exceed price of Trump’s wall
If the government shutdown lasts another two weeks, the total cost to the U.S. economy would exceed the price of building the proposed border wall. According to an estimate by S&P Global Ratings, it will only take another two weeks...
Do Equity Markets Predict Recession?
Highlights On the back of weakening global growth and downgrades to the corporate profit outlook, equity markets are down significantly from 2018 highs. With such a strong swing in market sentiment, discussion has increased on whether the decade long economic...
2020: The year women will take Wall Street
January JPMorgan chief executive Jamie Dimon denies that he signed a contract to become head of Adam Neumann’s family office only days before the implosion of WeWork in late 2019. “I was just playing him along with a series of...
Week Ahead – Brexit Crunch Time as MPs to Vote on May’s Deal; Inflation Data to Dominate
Brexit fatigue looks set to reach a climax next week as UK lawmakers will finally get their say on Theresa May’s deal. But with little chance of the deal passing through Parliament, stormy days lie ahead for sterling. On the...
Weekly Focus – Recession Fears Abating on Softer Fed Talk
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US: Inflation Edges Down in December, as Energy Prices Plunge
Consumer prices fell 0.1% (month-on-month) in December, in line with market expectations. The decline largely reflected a 3.5% drop in energy prices – the largest in almost three years and a 2% falloff in transportation. On a year-on-year basis, inflation...
HSBC: In search of acceptable
The ousting of John Flint as HSBC’s chief executive in August was always likely to presage a more intense focus on the performance of the firm’s global banking and markets division. Noel Quinn And, so it has proved with the...
U.S. December CPI Drops Lower
Highlights: The all items CPI declined an expected 0.1% in the month following no change in November. Declining energy prices over the past two months have put downward pressure on overall consumer inflation. Food prices rose a more robust 0.4%...