You are here
Economy government policy Top News Trump Fed Wall Street 

Trump’s Fed nominee has history of benefiting from bailouts

July 12, 2017 By Olivia Oran and Pete Schroeder (Reuters) – President Donald Trump’s pick to lead bank supervision at the Federal Reserve benefited from the government bailing out or rescuing two banks during the 2008 financial crisis, but that may not prevent his confirmation by a U.S. Senate controlled by a business-friendly Republican party, policy analysts told Reuters in recent days. Randal Quarles, a former Wall Street lawyer and U.S. Treasury official who now runs an investment firm, was part of a team that invested in troubled or failed…

Read More
Business political President Donald Trump U.S. Wall Street 

Asian shares gain ahead of Yellen, shrug off Trump controversy

July 12, 2017 By Hideyuki Sano TOKYO (Reuters) – Asian shares gained on Wednesday after Wall Street managed to weather a fresh twist in the controversy over U.S. President Donald Trump’s alleged connection with Russia, while investors looked ahead to Federal Reserve Chair Janet Yellen’s comments. MSCI’s broadest index of Asia-Pacific shares outside Japan ticked up 0.4 percent. Japan’s yen-sensitive Nikkei slid 0.3 percent on the yen’s gains but MSCI’s dollar-denominated Japan index gained 0.4 percent. U.S. stocks took a brief tumble after emails disclosed Trump’s eldest son welcomed help…

Read More
Business IPO media Morgan Stanley Wall Street 

Giving up the ghost: investors bail on Snap

July 12, 2017 By Anya George Tharakan and Lewis Krauskopf (Reuters) – Here one minute, gone the next. While that is the premise of Snap Inc’s popular messaging platform, investors also saw any gains from its red-hot IPO disappear when shares plunged far below their initial sale price on Tuesday. Morgan Stanley, a lead underwriter on the company’s initial public offering, slapped a price target of $16 on the stock – a buck below its March IPO price. Analyst Brian Nowak wrote in the note that “we have been wrong…

Read More
Business report U.S. US Wall Street 

Dollar, equity markets rise; Amazon boosts U.S. stocks

July 10, 2017 By Herbert Lash NEW YORK (Reuters) – The U.S. dollar climbed to a two-month high against the yen on Monday and global equity markets rallied, lifted by robust economic data from Germany and renewed interest in U.S. technology stocks spurred by an Amazon online sale event. The dollar rose after the Bank of Japan last week offered to buy an unlimited amount of bonds and following an unexpected drop in May in Japanese machinery orders that pressured the yen. Stocks on Wall Street edged higher as gains…

Read More
Business IPO media U.S. Wall Street 

Snap shares fall below $17 IPO price for first time

July 10, 2017 (Reuters) – Snap Inc shares slipped below their initial public offering price of $17 for the first time on Monday, signaling waning investor confidence in the social media company’s growth potential as it faces fierce competition. The stock fell as low as $16.95 in late afternoon trading before closing at $16.99 on the New York Stock Exchange, down 1.1 percent. The Snapchat owner’s March market debut was the hottest U.S. technology listing in years. Earlier on Monday, Credit Suisse analysts cut their price target for Snap to…

Read More
Business report U.S. US Wall Street 

Asian stocks follow Wall Street higher after U.S. jobs data beats forecasts

July 10, 2017 By Nichola Saminather SINGAPORE (Reuters) – Asian stocks rallied on Monday, lifted by Wall Street’s strong performance on Friday, while the U.S. dollar extended gains made after much stronger than expected June employment data. MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.55 percent while Japan’s Nikkei rose 0.7 percent. Australian stocks were up 0.6 percent and South Korea’s KOSPI added 0.4 percent. Hong Kong’s Hang Seng gained 1 percent, though China’s bluechip shares were flat. On Friday, Wall Street closed higher after U.S. jobs growth…

Read More
Business Money Morgan Stanley Silicon Valley Top News Wall Street 

Wall Street banks take on summer school: Investing 101 for rich kids

July 3, 2017 By Elizabeth Dilts NEW YORK (Reuters) – “Time for a prenup?” is not a typical title for a summer school course, but it was one of the most popular at an event Morgan Stanley held last week for the millennial-generation children of its richest clients. Every summer, some of Wall Street’s biggest wealth management firms organize events catering to future heirs of their ultra-wealthy clients, hoping they can teach them a thing or two about money, and plant the seeds for what banks hope will be fruitful…

Read More
Asia Business ECB reform bill Wall Street 

Asia stocks pressured as Wall St. hit by healthcare vote delay

June 28, 2017 TOKYO (Reuters) – Asian shares slumped on Wednesday after Wall Street was knocked hard in the wake of a delay to a U.S. healthcare reform vote, while the euro rallied after European Central Bank President Mario Draghi hinted that the ECB could trim its stimulus this year. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2 percent in early trading, while Japan’s Nikkei share average also slipped 0.2 percent. On Tuesday, the benchmark S&P 500 posted its biggest one-day drop in about six weeks and…

Read More
Economy energy month Thomson Reuters Top News Wall Street 

Oil’s drop could leave a stain on earnings

June 24, 2017 By Caroline Valetkevitch and Rodrigo Campos NEW YORK (Reuters) – Heading into second-quarter earnings season, investors are looking for a continuation of strong U.S. company results to justify high stock valuations, now trading near their loftiest levels since 2004. However, drilling a hole into that hopeful scenario is the current bear market in oil prices and an economy showing signs of growth below the pace expected earlier in the year. “A lot of the expectation for a recovery in earnings is predicated on oil prices being around…

Read More
Business consumer economic growth Heidi Heitkamp Wall Street 

U.S. regulators, lawmakers support Volcker rule revamp at hearing

June 22, 2017 By Pete Schroeder WASHINGTON (Reuters) – U.S. financial regulators and lawmakers who appeared at a congressional hearing on Thursday generally agreed that the Volcker rule, which restricts banks’ ability to make bets with their own money, needs to be reconsidered. The rule should focus only on banks that do a lot of trading, said Federal Reserve Governor Jerome Powell, who leads banking regulation for the central bank. “We believe we have the authority to draw a line between those with the big trading books (and other banks),”…

Read More
Facebook Auto Publish Powered By : XYZScripts.com