For stock performance under Trump, don’t look to prior transitions For stock performance under Trump, don’t look to prior transitions:- As he is sworn in as the 45th U.S. president on Friday, Donald Trump will mark one of the best performances for the American stock market for any presidential transition […]
Business
Business
Asian stocks, dollar drop as Trump caution outweighs China GDP Asian stocks, dollar drop as Trump caution outweighs China GDP:- Caution prevailed in financial markets on Friday ahead of U.S. President-elect Donald Trump’s inauguration, even as China’s economic growth beat expectations and Federal Reserve Chair Janet Yellen toned down her […]
U.S. judge delays Texas plan to cut Planned Parenthood funding U.S. judge delays Texas plan to cut Planned Parenthood funding:- A U.S. judge issued a temporary restraining on Thursday halting Texas’ plan to cut Medicaid funding for Planned Parenthood to give him more time to consider thousands of pages of […]
Asian shares down, dollar firms on Yellen’s rate hike signal Asian shares down, dollar firms on Yellen’s rate hike signal:- Asian shares slipped on Thursday and the dollar rebounded after Federal Reserve Chair Janet Yellen signaled that the U.S. central bank is poised to pursue a path of steady interest […]
U.S. lobby says China protectionism fueling foreign business pessimism U.S. lobby says China protectionism fueling foreign business pessimism:- More than 80 percent of members of a U.S. business lobby in China say foreign companies are less welcome than in the past, a survey released on Wednesday showed, with most saying […]
Oil price slides on prospect of rising U.S. production Oil price slides on prospect of rising U.S. production:- Oil prices fell on Wednesday on expectations that U.S. producers would boost output. Brent crude futures, the international benchmark for oil prices, were down 82 cents $54.65 a barrel at 1008 GMT. […]
Deutsche Bank CEO looks to future after mortgages settlement Deutsche Bank CEO looks to future after mortgages settlement:- Deutsche Bank (DBKGn.DE) will be free to focus on a new growth strategy instead of devoting most of its energy to cleaning up past mistakes, Chief Executive John Cryan said after settling […]
Fed’s Williams calls for further gradual U.S. rate hikes Fed’s Williams calls for further gradual U.S. rate hikes:- San Francisco Federal Reserve Bank President John Williams on Tuesday called for gradual U.S. interest-rate hikes over the next few years to keep the economy from overheating and ultimately falling into recession. […]
Morgan Stanley profit doubles on bond-trading surge Morgan Stanley profit doubles on bond-trading surge:- Morgan Stanley’s profit doubled in the fourth quarter as trading activity surged across Wall Street, and the bank said it was on track to reach a number of financial goals set out by Chief Executive James […]
Brainard joins Fed chorus warning about fiscal stimulus risks Brainard joins Fed chorus warning about fiscal stimulus risks:- A leading Federal Reserve proponent of low interest rates said on Tuesday the U.S. central bank might hike rates more aggressively if deficit spending under the Trump administration produced a quick economic […]
