August is typically a rough month for stocks and could be again after Fed's blunder
Uncertainty looms after the Fed;'s rate cut, but traders haven't lost optimism.
Uncertainty looms after the Fed;'s rate cut, but traders haven't lost optimism.
London Stock Exchange has agreed to buy financial information provider Refinitiv in a $27 billion deal aimed at offering trading across regions and currencies and establishing the British company as a rival to Bloomberg.
General Motors Co posted a better-than-expected net profit on Thursday as high-margin pickup trucks, SUVs and crossovers helped overcome slowing sales in the United States and China, and reiterated its full-year earnings forecast.
Yum Brands Inc beat analysts' expectations for quarterly profit and sales on Thursday, as the restaurant chain operator benefited from better-than-expected growth at all its restaurant chains, including Pizza Hut, sending its shares up 4%.
The number of Americans filing applications for unemployment benefits increased last week, but the trend in claims remained consistent with tightening labor market conditions.
Goldman Sachs estimates an 80% probability of another rate cut this year to wrap up the Fed's easing cycle.
The Federal Reserve delivered their first rate cut since 2008 but Wall Street economists disagree about what happens next.
Bombardier Inc on Thursday lowered its full-year core earnings and free cash flow forecasts, and reported a quarterly loss, as the Canadian plane and train maker wrestles with challenges in its important rail division.
U.S. stock futures bounced on Thursday, a day after the S&P 500 and Dow saw their worst day since May, as focus shifted from the Federal Reserve's cautious stance on further interest rate cuts to corporate earnings, which have been robust.
The markets could be in for a bumpy ride. If you have a set-it-and-forget-it approach to your portfolio, you may want to reevaluate your positions.
Intercontinental Exchange Inc , which owns the New York Stock Exchange, on Thursday beat analysts' estimates for quarterly profit, helped by growth across its transaction and clearing business and data services unit.
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BMW's Chief Executive on Thursday said the German carmaker can move more production of its Mini to a plant in the Netherlands if Britain fails to strike a trade deal with the European Union after its exit from the common market.
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