wall street

WASHINGTON | Trump’s teasing jobs report tweet raises questions

WASHINGTON (AP) — With a tantalizing tweet, President Donald Trump seemed to tease a positive jobs report on Friday, a protocol-defying step that moved markets and raised questions about the appropriateness of the president publicly hinting at information that could make or lose fortunes. Treasury yields jumped and the value of the dollar increased within … Continue reading WASHINGTON | Trump’s teasing jobs report tweet raises questions

WASHINGTON | Banks would be freer to trade for profit under Fed proposal

WASHINGTON (AP) — The largest U.S. banks would have leeway to take riskier trading bets for their own profit under proposed changes the Federal Reserve unveiled Wednesday. The changes would loosen rules that since the 2008 financial meltdown have barred big banks from using depositors’ money to make sizable bets on stocks and bonds. The … Continue reading WASHINGTON | Banks would be freer to trade for profit under Fed proposal

WASHINGTON | Fed proposes easing rule that limits risky bank trading

WASHINGTON (AP) — The Federal Reserve is proposing to ease a rule aimed at defusing the kind of risk-taking on Wall Street that helped trigger the 2008 financial meltdown. The Fed under new leadership on Wednesday unveiled proposed changes to the Volcker Rule, which bars banks’ risky trading bets for their own profit with depositors’ … Continue reading WASHINGTON | Fed proposes easing rule that limits risky bank trading

WASHINGTON  | Fed looks to ease rule that limits risky bank trading

WASHINGTON  — The Federal Reserve is preparing to ease a rule aimed at defusing the kind of risk-taking on Wall Street that helped trigger the 2008 financial meltdown. The Volcker Rule, crafted by regulators 4 1/2 years ago, changed the way the biggest U.S. banks do business. It bars banks’ risky trading bets for their … Continue reading WASHINGTON  | Fed looks to ease rule that limits risky bank trading

Asian stocks mixed as investors digest US, Japan data

SEOUL, South Korea/May 17, 2018 (AP)(STLRealEstate.News) — Asian stocks were mixed on Thursday after strong factory data from the U.S. helped spur gains overnight on Wall Street. KEEPING SCORE: Investors shrugged off a report Thursday of weak machinery orders in Japan a day after growth data came in lower than expected, with the Nikkei 225 … Continue reading Asian stocks mixed as investors digest US, Japan data

PLANO, Texas  | JC Penney outlook spooks Wall Street

PLANO, Texas  —J.C. Penney cut its outlook for the year as it trims costs to help offset declining revenue. The company’s first-quarter loss is along the lines of what analysts had expected, and revenue topped expectations. But its outlook for the year is short of most projections. Shares slid 11 percent early Thursday. The quarterly … Continue reading PLANO, Texas  | JC Penney outlook spooks Wall Street

HONG KONG | Asian markets rise, tracking Wall Street gains on job report

HONG KONG (AP) — Most Asian stock markets started the week higher on Monday following strong gains on Wall Street after the U.S. jobless rate hit an 18-year low, helping investors overlook unresolved trade tensions between Washington and Beijing. KEEPING SCORE: Japan’s benchmark Nikkei 225 index slid 0.4 percent to 22,381.95 but Hong Kong’s Hang … Continue reading HONG KONG | Asian markets rise, tracking Wall Street gains on job report

SEOUL, South Korea | Asia follows US markets lower as investors watch trade talks

SEOUL, South Korea — Asian stock markets were lower on Friday after Wall Street finished with losses overnight as investors watched the outcome of trade talks between the United States and China. KEEPING SCORE: South Korea’s Kospi fell 0.7 percent to 2,470.24 while Hong Kong’s Hang Seng index lost 0.7 percent to 30,111.88. Shanghai Composite … Continue reading SEOUL, South Korea | Asia follows US markets lower as investors watch trade talks