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’...
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...
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...
Wall Street’s bets against the tech sector reach their highest level in a year
Wall Street is growing less confident in the technology sector and continues to be negative on retailers, according to the latest data on short selling. Across the 11 S&P 500 sectors, five saw increases in the amount of available shares...
Cryptocurrency eos leaps past litecoin into fifth place by market cap
A cryptocurrency with ties to former hedge-fund manager Michael Novogratz has surged past litecoin into fifth place by market capitalization. CoinMarketCap data showed eos climbed more than 30 percent over the last 24 hours for a market capitalization of nearly...
Iran’s currency crisis could bring it one step closer to economic collapse
Iran’s currency, the rial, has plummeted to a record low amid growing economic and political uncertainty, causing a rush to the banks as Iranians desperately try to acquire U.S. dollars with exchanges forced to shut their doors to prevent long...
US import prices unchanged on weak petroleum
U.S. import prices were unexpectedly flat in March as a drop in the cost of petroleum products was offset by increases in the prices of food and a range of other goods. The Labor Department said on Thursday last month’s...
US weekly jobless claims continue to fall as labor market tightens
New applications for U.S. unemployment benefits fell last week, pointing to sustained labor market strength despite a sharp slowdown in job growth in March. Initial claims for state unemployment benefits dropped 9,000 to a seasonally adjusted 233,000 for the week...
Signal2forex.com - Best Forex robots and signals




