wall street

FRANKFURT, Germany | Deutsche Bank ‘on track’ for 1st full-year profit since 2014

FRANKFURT, Germany  — Deutsche Bank’s net profit fell 65 percent in the third quarter but CEO Christian Sewing said the bank made progress cutting costs and would show its first full-year profit since 2014. Profit decreased to 229 million euros ($262 million) from 649 million euros in the same quarter a year ago, as income … Continue reading FRANKFURT, Germany | Deutsche Bank ‘on track’ for 1st full-year profit since 2014

FRANKFURT, Germany  | Deutsche Bank net profit falls 65 pct., to 229 million euros

FRANKFURT, Germany  — Deutsche Bank saw net profit fall 65 percent in the third quarter to 229 million euros ($262 million)as revenue from trading stocks and bonds fell. But CEO Christian Sewing said the bank made progress cutting costs and would be profitable for the full year for the first time since 2014. Net income … Continue reading FRANKFURT, Germany  | Deutsche Bank net profit falls 65 pct., to 229 million euros

NEW YORK | Markets Right Now: Stocks fall sharply on Wall Street

NEW YORK  — The latest on developments in financial markets (all times local): 11:45 a.m. Stocks are falling sharply on Wall Street, sending the Dow Jones Industrial Average down 400 points and extending the market’s recent string of losses. The latest wave of selling came as investors grew unsettled by slowing economic growth in China … Continue reading NEW YORK | Markets Right Now: Stocks fall sharply on Wall Street

SINGAPORE  | World stocks push past growth worries in China, Italy

SINGAPORE  — World markets rose on Monday, brushing off lagging Chinese growth and a downgrade in Italy’s credit rating after its lawmakers approved a budget plan with room for a higher deficit. KEEPING SCORE: Germany’s DAX added 0.5 percent to 11,612.90 and France’s CAC-40 was 0.2 percent higher at 5,096.74. Britain’s FTSE 100 gained 0.4 … Continue reading SINGAPORE  | World stocks push past growth worries in China, Italy

SINGAPORE | Asian shares gain, but inflation drags on Chinese benchmarks

SINGAPORE  — Asian markets were mostly higher on Tuesday, though Chinese benchmarks fell after the government reported inflation rose for a fourth straight month. Hopes that President Donald Trump may meet his Chinese counterpart Xi Jinping at the Group of 20 summit in November lifted sentiment. KEEPING SCORE: Japan’s benchmark Nikkei 225 jumped 1.3 percent … Continue reading SINGAPORE | Asian shares gain, but inflation drags on Chinese benchmarks

Stock market experts say this is a stumble, not a plunge

Woah, what was that? After months of relative calm, Wall Street has been jolted by a sudden run of turbulent trading. The swoon wiped more than 1,300 points from the Dow Jones Industrial Average over two days and dragged the benchmark S&P 500 index down more than 5 percent. The VIX index, which measures how … Continue reading Stock market experts say this is a stumble, not a plunge

NEW YORK | Markets Right Now: Stock open sharply higher on Wall Street

NEW YORK — The latest on developments in financial markets (all times local): 9:35 a.m. Stocks are opening sharply higher on Wall Street following a two-day rout that shattered a long period of calm on the market. Big technology and consumer-focused companies, which took some of the worst losses earlier this week, were solidly higher … Continue reading NEW YORK | Markets Right Now: Stock open sharply higher on Wall Street

LOS ANGELES | High-flying tech stocks at forefront of Wall Street’s slump

LOS ANGELES — Technology and internet stocks have led the way for much of Wall Street’s bull market run, propelling the stocks of big names like Apple, Amazon and Google’s parent company sharply higher along the way. Now those high-flying stocks are at the forefront of a wave of selling as investors fret about the … Continue reading LOS ANGELES | High-flying tech stocks at forefront of Wall Street’s slump

TOKYO | Global shares mixed in muted trading amid growth fears

TOKYO — Global shares were mixed in muted trading Wednesday amid continuing worries about trade tensions and slowing global economic growth. KEEPING SCORE: France’s CAC 40 shed 0.5 percent in early trading to 5,292.91, while Germany‘s DAX fell nearly 0.3 percent at 11,943.71. Britain’s FTSE 100 edged down nearly 0.2 percent to 7,224.29. U.S. shares … Continue reading TOKYO | Global shares mixed in muted trading amid growth fears

BANGKOK | Asian shares turn lower after strong day on Wall Street

BANGKOK  — Shares fell Thursday in Asia despite a strong day on Wall Street that was spurred by encouraging signs on U.S. hiring and growth in the service sector. KEEPING SCORE: Hong Kong‘s Hang Seng index sank 1.8 percent to 26,612.23 and Japan’s Nikkei 225 index lost 0.7 percent to 23,941.51. The Kospi in South … Continue reading BANGKOK | Asian shares turn lower after strong day on Wall Street

NEW YORK | Stocks jump on Wall Street after US, Canada seal trade deal

NEW YORK — U.S. manufacturers, basic materials makers and car companies are rising Monday after the U.S. and Canada agreed to a new trade deal that also includes Mexico. General Electric is surging after it replaced CEO John Flannery, who held that title for a little more than a year. Tesla is jumping after company … Continue reading NEW YORK | Stocks jump on Wall Street after US, Canada seal trade deal

TOKYO | Asian trading mixed amid lingering trade tension worries

TOKYO — Asian stocks were mixed Monday after U.S. markets wrapped up their best quarter in almost five years, but sentiment was clouded by lingering worries over global trade tensions. KEEPING SCORE: Japan’s benchmark Nikkei 225 added 0.6 percent in morning trading to 24,277.51. Australia’s S&P/ASX 200 lost nearly 0.6 percent to 6,169.00. South Korea’s … Continue reading TOKYO | Asian trading mixed amid lingering trade tension worries

NEW YORK | It’s high times for soaring marijuana stocks on Wall Street

NEW YORK — Reefer Madness has gripped Wall Street. Investors are craving marijuana stocks as Canada prepares to legalize pot next month, leading to giant gains for Canada-based companies listed on U.S. exchanges. Some experts are concerned that the ending will be a buzzkill. Billions of dollars have poured into the stocks in the last … Continue reading NEW YORK | It’s high times for soaring marijuana stocks on Wall Street

NEW YORK | The Latest: US markets shrug at US-China trade war

NEW YORK— The Latest on the U.S.-China trade war (all times local): 10:40 a.m. Wall Street, which has anticipated rising trade tensions between the U.S. and China, took the latest volley of tariffs in stride. Gains in technology, energy and consumer-focused companies outweighed losses in utilities and elsewhere. Apple, which has an exemption to the … Continue reading NEW YORK | The Latest: US markets shrug at US-China trade war

ALBANY, N.Y. | Wall Street salaries highest since 2008 crisis, report finds

ALBANY, N.Y. — Salaries on Wall Street rose last year to their highest level since the 2008 financial crisis, according to a report issued Monday by New York state Comptroller Thomas DiNapoli. The report puts the average salary in New York City’s securities industry in 2017 at $422,500, a 13 percent increase over the year … Continue reading ALBANY, N.Y. | Wall Street salaries highest since 2008 crisis, report finds

SINGAPORE | Asian stocks fall as China reacts to US tariffs

SINGAPORE  — Asian shares fell on Wednesday as China delayed issuing licenses to American businesses hoping to operate in the country, as the threat of more trade tariffs from Washington loomed. The approach of Hurricane Florence on the East Coast and upcoming sanctions on Iran’s energy industry lifted oil prices. Benchmark U.S crude surged past … Continue reading SINGAPORE | Asian stocks fall as China reacts to US tariffs

BEIJING | Global stocks mostly lower as investors await US tariff hike

BEIJING — Major global stock markets were mostly lower Tuesday after Wall Street‘s gains as investors waited for a new U.S. tariff hike in a trade battle with China. KEEPING SCORE: In early trading, Germany’s DAX lost 0.1 percent to 11,971.94 and London’s FTSE 100 fell 0.3 percent to 7,258.47. France’s CAC 40 was little-changed … Continue reading BEIJING | Global stocks mostly lower as investors await US tariff hike

NEW YORK | With the fall of a kingmaker, CBS is punished on Wall Street

NEW YORK — Sizing up a future of a network without its kingmaker, Wall Street sent shares of CBS down sharply Monday, the first day of trading since the departure of Les Moonves. CBS said late Sunday, as more allegations of sexual abuse surfaced, that Moonves would be replaced and that the company was shaking … Continue reading NEW YORK | With the fall of a kingmaker, CBS is punished on Wall Street

SEATTLE | ‘Broken’ economics for preschool workers, child care sector

SEATTLE — A dire child care workforce crisis amid a booming U.S. economy is compelling many industry players to turn to business tactics more closely resembling Wall Street than “Sesame Street” — including noncompete clauses for child care workers and client families, college tuition incentives for the workers and non-refundable wait list fees for desperate … Continue reading SEATTLE | ‘Broken’ economics for preschool workers, child care sector

SINGAPORE | Asian stocks rise, gripped by optimism on Wall Street

SINGAPORE  — Asian stocks rose on Monday as a dovish speech by U.S. Federal Reserve Chairman Jerome Powell and all-time highs on Wall Street gave markets a breather from trade tensions. KEEPING SCORE: Japan’s benchmark Nikkei 225 index added 0.7 percent to 22,759.53 and South Korea’s Kospi rose less than 0.1 percent to 2,293.67.  Hong … Continue reading SINGAPORE | Asian stocks rise, gripped by optimism on Wall Street

BANGKOK | Asian shares track Wall St weakness as eyes on Fed comment

BANGKOK  — Asian shares were mixed Friday following a listless session on Wall Street, where a slide in banks and industrial companies offset solid gains for the technology sector. A lack of progress in trade talks between the U.S. and China was weighing on sentiment. KEEPING SCORE: Japan’s Nikkei 225 stock index jumped 0.6 percent … Continue reading BANGKOK | Asian shares track Wall St weakness as eyes on Fed comment

BEIJING | Asian stock markets mixed ahead of US-China tariff hikes

BEIJING — Asian stock markets were mixed Thursday after U.S. and Chinese officials held talks on their deepening trade dispute ahead of a new round of tariff hikes. KEEPING SCORE: Tokyo’s Nikkei 225 rose 0.2 percent to 22,403.90 while Hong Kong’s Hang Seng lost 0.8 percent to 27,704.60. The Shanghai Composite Index gave up 1.7 … Continue reading BEIJING | Asian stock markets mixed ahead of US-China tariff hikes

TOKYO | Asian shares mixed after S&P 500 touches all-time high

TOKYO — Asian shares were mixed Wednesday, as some markets were cheered by bullish sentiments on Wall Street despite concerns about an ongoing trade dispute with China. KEEPING SCORE: Japan’s benchmark Nikkei 225 gained 0.3 percent in morning trading to 22,279.89. Australia’s S&P/ASX 200 lost 0.5 percent to 6,252.80. South Korea’s Kospi was up 0.3 … Continue reading TOKYO | Asian shares mixed after S&P 500 touches all-time high

MENOMONEE FALLS, Wis | Kohl’s puts up big 2Q numbers, and gets punished

MENOMONEE FALLS, Wis — Kohl’s breezed past profit and revenue expectations for the second quarter and raised its outlook for the year, only to be punished by investors before the opening bell Tuesday. The reaction on Wall Street was similar last week when Macy’s topped almost all expectations and raised its expectations for the year, … Continue reading MENOMONEE FALLS, Wis | Kohl’s puts up big 2Q numbers, and gets punished

TOKYO | Asian shares mixed on doubt of resolving US-China trade spat

TOKYO — Asian shares were mixed Tuesday amid doubts on the prospects for resolving the trade dispute between the U.S. and China. KEEPING SCORE: Japan’s benchmark Nikkei 225 slipped nearly 0.2 percent in morning trading to 22,158.35, while Australia’s S&P/ASX 200 lost 0.9 percent to 6,290.00. But South Korea’s Kospi added 0.4 percent to 2,255.65. … Continue reading TOKYO | Asian shares mixed on doubt of resolving US-China trade spat

Home Depot roars back in the second quarter

ATLANTA/ August 15, 2018 (STL.News)— Home Depot handily beat expectations during the second quarter, bouncing back from a slow start to the year when terrible weather cooled construction projects. The world’s biggest home improvement retailer boosted its full-year profit and revenue forecasts Tuesday. Higher mortgage rates combined with steadily rising real estate prices have dampened … Continue reading Home Depot roars back in the second quarter

NEW YORK | Actress Sean Young wanted for questioning in burglary

NEW YORK — Police say actress Sean Young is wanted for questioning after she was caught on surveillance video stealing laptops and video production software from a store in New York City. Police say employees at a store in Queens reported a burglary Thursday. They say surveillance video showed Young and a male companion breaking … Continue reading NEW YORK | Actress Sean Young wanted for questioning in burglary

SEOUL, South Korea | Global stocks mixed; Chinese markets rally

SEOUL, South Korea— Global stock markets were mixed Thursday with European stocks trading lower after Chinese markets finished with sharp gains. Traders focused on the latest developments in the trade dispute between the United States and China, as oil prices resumed their decline. KEEPING SCORE: Britain’s FTSE 100 fell 0.6 percent in early trading to … Continue reading SEOUL, South Korea | Global stocks mixed; Chinese markets rally