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JPM
JPMorgan Chase Earnings Review Solid Quarter
CEO Jamie Dimon and accomplices reported a solid quarter for JP Morgan Chase JPM with an impressive earnings per share of 1 40 a post financial crisis high Both financial performance and position improved Capital is adequate Risk management is always the great uncertainty at the largest of the Wall Street Bankst...
JPM
US Markets Dropped 2 Last Week
MARKET RECAPUS markets were flat on Friday but dropped more than 2 for the week Ongoing worries concerning global growth soured a good earnings report from JP Morgan Chase This was the worst weekly drop since the first week of June The DJIA was up a mere 2 46 points on Friday while the S P 500 lost 4 25 points and t...
JPM
Euro Currency Volatility Index At Lowest Level Since March 2008
Since its launch in August 2008 the CBOE EuroCurrency Volatility Index EVZ though sometimes known simply as the euro VIX which is based on the CurrencyShares Euro Trust ETF FXE has toiled in relative obscurity compared to some of the more famous volatility indices Given all the fears about the European sove...
JPM
The Number One Reason Why Investors Should Rejoice Now
The presidential election is over Or maybe it s not I m writing this on Tuesday as Americans cast their votes And if the final polls are any indication this election s going to be another nail biter The final Rasmussen Reports daily tracking poll shows that 49 of voters support Mitt Romney while 48 support Pres...
MPC
Marathon Petroleum MPC Stock Moves 0 96 What You Should Know
Marathon Petroleum MPC closed at 59 82 in the latest trading session marking a 0 96 move from the prior day This change was narrower than the S P 500 s 1 56 loss on the day Meanwhile the Dow lost 1 19 and the Nasdaq a tech heavy index lost 1 67 Heading into today shares of the refiner had gained 12 73 ...
MPC
Is Marathon Petroleum MPC A Good Pick For Value Investors
Value investing is easily one of the most popular ways to find great stocks in any market environment After all who wouldn t want to find stocks that are either flying under the radar and are compelling buys or offer up tantalizing discounts when compared to fair value One way to find these companies is by looking a...
MPC
Analysts Estimate Marathon Petroleum MPC To Report A Decline In Earnings What To Look Out For
The market expects Marathon Petroleum MPC to deliver a year over year decline in earnings on higher revenues when it reports results for the quarter ended September 2019 This widely known consensus outlook is important in assessing the company s earnings picture but a powerful factor that might influence its near t...
MPC
Things To Know Before Marathon Petroleum s MPC Q3 Earnings
Marathon Petroleum Corporation NYSE MPC is set to release third quarter 2019 results before the opening bell on Thursday Oct 31 The current Zacks Consensus Estimate for the to be reported quarter is a profit of 1 30 on revenues of 31 5 billion The Zacks Consensus Estimate for third quarter earnings has been rev...
MPC
MPLX Gears Up To Report Q3 Earnings What s In The Cards
MPLX LP NYSE MPLX is set to report third quarter 2019 results on Oct 31 before the opening bell Which Way are Estimates Headed Let s take a look at the estimate revision trend to get a clear picture of what analysts feel about the partnership prior to the upcoming earnings release The Zacks Consensus Estimate for ...
MPC
Marathon Petroleum MPC Q3 Earnings Top Estimates
Marathon Petroleum MPC came out with quarterly earnings of 1 63 per share beating the Zacks Consensus Estimate of 1 30 per share This compares to earnings of 1 70 per share a year ago These figures are adjusted for non recurring items This quarterly report represents an earnings surprise of 25 38 A quarter a...
MS
Euro stocks higher shrug off Portugal downgrade DAX up 1 3
Investing com European stock markets were broadly higher on Thursday after a report showed an unexpected improvement in German business confidence and as markets took in stride news that ratings agency Fitch downgraded Portugal s sovereign rating to junk status During European afternoon trade the EURO STOXX 50 jump...
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Copper futures tumble on sustained euro zone debt woes
Investing com Copper futures fell sharply on Wednesday as concerns over the sovereign debt crisis in the euro zone lingered after a meeting of euro zone leaders failed to reassure markets On the Comex division of the New York Mercantile Exchange copper futures for March delivery traded at USD3 326 a pound during Eu...
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Sugar trims losses on China bank move downside risks remain
Investing com Sugar futures pared losses on Wednesday bouncing off the daily low after China s central bank announced that it will lower reserve requirement ratios for lenders while ongoing concerns over ample global supplies continued to weigh On the ICE Futures U S Exchange sugar futures for March delivery trad...
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Gold futures rise to 2 week high after upbeat U S ISM data
Investing com Gold futures moved higher on Thursday climbing to a two week high as risk sentiment improved following the release of better than expected U S manufacturing data On the Comex division of the New York Mercantile Exchange gold futures for February delivery traded at USD1 755 15 a troy ounce during U S ...
MS
Gold futures extend losses after EFSF downgrade threat
Investing com Gold futures extended losses on Tuesday hovering close to the key support level of USD1 700 an ounce as a Standard Poor s downgrade warning of the European Financial Stability Facility prompted investors to sell profitable gold positions to raise cash On the Comex division of the New York Mercantile ...
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Gold futures inch higher ahead of EU summit ECB
Investing com Gold futures edged higher on Wednesday amid hopes European policymakers will boost efforts to tackle the region s two year old debt crisis at a crucial summit of European Union leaders later this week On the Comex division of the New York Mercantile Exchange gold futures for February delivery traded a...
MS
U S Stocks Follow Europe Lower Dow drops 1 63
Investing com U S stock markets tumbled on the session Thursday as investors fled risk assets due to bearish comments by the European Central Bank President Mario Draghi At sessions close the Dow Jones Industrial Average plunged 1 63 the S P 500 index gave back 2 11 while the Nasdaq Composite index sank 1 99...
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Crude oil futures Weekly outlook December 12 16
Investing com Crude oil futures rallied on Friday rebounding from an eight day low after a summit of European Union leaders concluded with an agreement to introduce tighter fiscal controls across the single currency bloc and amid speculation China will ease monetary policy to support economic growth On the New Yor...
JPM
JPMorgan Altaba s best bet is discounted resale to Alibaba
Altaba s AABA 2 9 best bet for monetizing its 15 stake in Alibaba BABA 3 7 now Altaba s chief reason for existing after Verizon completed its buyout of the rest of Yahoo is for Alibaba to conduct a discounted buyback JPMorgan NYSE JPM says That stake could be worth 76 5B by the end of 2018 the f...
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Wall Street futures slip after China GDP and ahead of U S data
Investing com Wall Street futures pointed to a lower open on Friday after China release first quarter GDP numbers and as investors waited for an array of economic data and first quarter earnings from Citigroup The blue chip Dow futures lost 28 points or 0 16 by 10 44AM GMT or 6 44AM ET the S P 500 futures shed...
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Citigroup reports profit drop sees more pain if oil slips
By Sweta Singh and David Henry Reuters Citigroup Inc s N C quarterly profit plunged 27 percent dragged down by lower revenue from trading and investment banking as well as costs to shrink some businesses and cover bad loans to the energy industry The No 4 U S bank by assets also said on Friday that it could...
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Moody s upgrades Argentina as end to creditor battle nears
By Maximiliano Rizzi and Sarah Marsh BUENOS AIRES Reuters Moody s bumped up Argentina s credit rating one grade to B3 on Friday due to economic policy improvements under a new business friendly government and expectations the country will finally settle a legal battle with creditors The two other major rating...
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In digital push Citi downsizes China branch presence
HONG KONG Reuters Citigroup Inc N C has shrunk its branch network in China and is looking to grow via its digital platform on the back of data which show that 95 percent of its clients transactions are not made via a branch The move highlights intensified competition between traditional financial firms and te...
JPM
No Cigar Yet
I am amazed to see how quickly the sentiment changes from euphoria to doomsday Was it last week when there was talk of SPX 1500 or higher And now the coming doom Part of the reason the Fed has taken out the surprise factor For the last three months the Pavlovian dogs have been drooling about the coming QE and now ...
MPC
Marathon Petroleum MPC Looks Good Stock Adds 8 4 In Session
Marathon Petroleum Corporation NYSE MPC was a big mover last session as the company saw its shares rise more than 8 on the day The move came on solid volume too with far more shares changing hands than in a normal session This continues the recent uptrend for the company as the stock is now up 31 4 in the past...
MS
Natural gas futures Weekly outlook November 14 18
Investing com Natural gas futures lost ground for the third consecutive day on Friday slumping to a three week low as mild weather forecasts and concerns about growing U S inventories continued to dominate market sentiment On the New York Mercantile Exchange natural gas futures for delivery in December settled at...
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Natural gas tumbles to 4 week low on warm weather outlook
Investing com Natural gas futures fell sharply on Monday tumbling to a four week low as warmer weather forecasts and lingering concerns about growing U S inventories continued to dominate market sentiment On the New York Mercantile Exchange natural gas futures for December delivery traded at USD3 489 per million ...
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Gold futures steady ahead of Spain France auctions
Investing com Gold futures were steady on Thursday as traders remained cautious ahead of closely watched Spanish and French bond auctions scheduled later in the day On the Comex division of the New York Mercantile Exchange gold futures for December delivery traded at USD1 762 85 a troy ounce during European mornin...
JPM
Bitcoin exchange operator tied to hacks gets five and a half years U S prison
By Jonathan Stempel NEW YORK Reuters A Florida man was sentenced on Tuesday to 5 1 2 years in prison after pleading guilty to operating an illegal bitcoin exchange suspected of laundering money for hackers and linked to a data breach at JPMorgan Chase Co NYSE JPM Anthony Murgio 33 of Tampa pleaded guilty on...
JPM
Altaba 0 9 as JPMorgan launches at Outperform
Altaba NASDAQ AABA is up 0 9 as JPMorgan NYSE JPM initiates coverage at Outperform looking for the Yahoo YHOO leftover to benefit from a narrowing net asset value discount The firm has a price target of 65 implying 20 upside from today s pricing That would imply a NAV discount of about 8 5 vs the current...
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Trump Tax Plan Muni Bond ETFs What Investors Need To Know
Muni bond investing is turning out to be a profitable bet for investors at the current level but may lose luster if the Trump tax plan materializes As we all know municipal bonds are excellent choices for investors seeking a steady stream of tax free income But with President Trump pledging for lower personal income...
JPM
QE3 ECB Or Bust
Well perhaps not literally but it is high time that the Central Banks started following up on their statements with action How many times have we heard We will do whatever it takes to or We have a number of choices to make regarding getting the economy going Can we please do one or two of those things Right...
JPM
Silver Market Sees Anomalies And Devious Efforts
Today s AM fix was USD 1 607 00 EUR 1 298 90 and GBP 1 030 33 per ounce Yesterday s AM fix was USD 1 613 00 EUR 1 300 39 and GBP 1 032 39 per ounce Gold climbed 0 40 or 0 02 in New York yesterday and closed at 1 611 60 oz Silver climbed to 28 21 and dipped again but finished with a gain of 0 68 Gold ini...
JPM
LIBOR Scandal NY AG Takes Center Stage
One might only guess that New York Attorney General Eric Schneiderman and his colleague NY Department of Financial Services superintendent Benjamin Lawsky are not on the distribution list for the Wall Street Washington Incestuous Regulatory Relationship mailings That is a good thing Hopefully other state regulators...
JPM
Bobbys Corner Open Market Aug 17 2012
Good Morning A very quiet overnight session Standard Chartered Bank will probably face a total of 1 billion in fines before it settles all US charges regarding to the illegal Iranian wire transfers that the bank engaged in The LIBOR probe has now come across the pond to NY NY Attorney General Eric Schneiderman has is...
MPC
Marathon Petroleum MPC Down 11 1 Since Last Earnings Report Can It Rebound
A month has gone by since the last earnings report for Marathon Petroleum MPC Shares have lost about 11 1 in that time frame underperforming the S P 500 Will the recent negative trend continue leading up to its next earnings release or is Marathon Petroleum due for a breakout Before we dive into how investors a...
MPC
Oil s Marathon Man
As oil went on its biggest up move in history I had some concerns about the handful of energy related shorts in my portfolio Turns out as I hoped that it wasn t worth wringing my hands over Just because the commodity itself crude oil roars higher in price doesn t necessarily mean great news for the companies tha...
MPC
Marathon Petroleum MPC Stock Moves 0 3 What You Should Know
In the latest trading session Marathon Petroleum MPC closed at 53 92 marking a 0 3 move from the previous day This move outpaced the S P 500 s daily of 0 Elsewhere the Dow lost 0 19 while the tech heavy Nasdaq added 0 07 Prior to today s trading shares of the refiner had gained 13 83 over the past mont...
MS
FOREX Euro takes breather as focus turns to US jobs data
Adds detail updates prices Euro flat investors wary of big bets ahead of U S jobs report ECB steps expectations of bank recapitalisation support euro Moody s downgrades UK banks but sterling dollar firm By Anirban Nag LONDON Oct 7 Reuters The euro paused in its climb against the dollar on Frida...
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FOREX Euro surrenders gains after Fitch downgrades
Euro surrenders gains vs dollar Fitch downgrades Spain and Italy credit ratings Moody s downgrades UK banks but sterling dollar firm Recasts updates prices adds details NEW YORK Oct 7 Reuters The euro fell against the dollar on Friday snapping a four day advance after ratings agency Fitch cut Spain ...
MS
Gold futures climb on EU hopes weak dollar
Investing com Gold futures regained strength on Monday as the U S dollar came under pressure after German Chancellor Angela Merkel and French President Nicolas Sarkozy pledged to unveil new steps to tackles the ongoing debt crisis in the euro zone On the Comex division of the New York Mercantile Exchange gold fut...
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FOREX Euro up on hopes of crisis progress ECB bond buying
Euro rises traders say ECB bond buying helps Sentiment upbeat as G20 meets Spain downgrade shrugged off Resistance seen ahead euro vulnerable to falls By Nia Williams LONDON Oct 14 Reuters The euro gained on Friday supported by cautious optimism European leaders are closer to agreeing a plan to tac...
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Crude oil futures rise to 4 week high on hopes for EU plan
Investing com Crude oil futures extended sharp gains from the previous session on Monday climbing to a four week high as sentiment was boosted over a proposed plan to resolve the financial crisis in the single currency bloc following a weekend summit of Group of 20 financial leaders On the New York Mercantile Exchan...
JPM
Crisis era fraud charges haunt Barclays as rivals move on
By Lawrence White LONDON Reuters Criminal charges over Barclays fundraising in the 2008 financial crisis add to the bank s legal battles in key markets just as rivals are leaving their troubles from that period behind Britain s Serious Fraud Office charged Barclays LON BARC Plc and four former executives on ...
JPM
Belden lower as CL King initiates at Neutral
Belden NYSE BDC is off 1 6 following news that CL King launched coverage of the stock at Neutral That makes for a fourth firm at Neutral Hold vs at least four with Buy ratings JPMorgan NYSE JPM initiated coverage at Neutral in February with a 76 price target which would be 3 4 upside from today s price S...
JPM
Markets Digesting An Abundance of News Sell The Canadian Dollar
With the US Supreme Court decision on Obamacare expected to dominate the news cycle major corporations chose yesterday to unload some bad news For JP Morgan Chase NYSE JPM it now appears the London whale s loss will tally up to 9B Some of these derivative trades are like Hotel California you can check out anyt...
JPM
Markets Reverse Early Losses On Positive Banking News
Equity markets reversed losses that were seen earlier in the week on positive stories coming out of China and the US banking sector The positive banking story came mainly with the stronger earnings results that were posted by JP Morgan Chase Co NYSE JPM and this is helping to bring a positive tone to the corpora...
MS
FOREX Euro plagued by Greek debt worries Aussie slides
Adds quote details updates prices Euro hits 9 month low versus dollar 10 yr low versus yen Threat of Greek default spooks investors hits risky FX Dollar index rises to 9 month high Aussie slides By Naomi Tajitsu LONDON Oct 4 Reuters The euro hit a nine month low against the dollar and a 10 yea...
MS
REFILE US STOCKS S P enters bear mkt Greece fears sink Wall St
Fixes typo in headline S P 500 in bear market down 20 pct from 2011 high Goldman cuts 2012 GDP view to 1 3 pct Apple expected to unveil new iPhone version Indexes down Dow 2 2 pct S P 2 1 pct Nasdaq 1 4 pct Updates to early trading By Ryan Vlastelica NEW YORK Oct 4 Reuters U S stocks tumbl...
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GLOBAL MARKETS US stocks enter bear market euro rallies
S P down over 20 pct from high U S crude oil reaches 2011 low as aid to Greece delayed U S dollar falls vs euro Bernanke says Fed ready to act Updates with closing oil prices By Walter Brandimarte NEW YORK Oct 4 Reuters U S stocks slid into bear market territory on Tuesday and prices of U S cr...
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US STOCKS Buyers rush in as Wall St toys with bear market
Late rally boosted by reports EU preparing bank rescues S P 500 briefly trades down 20 percent from 2011 high Dow up 1 4 pct S P up 2 3 pct Nasdaq up 3 pct Recasts changes comment updates volume By Rodrigo Campos NEW YORK Oct 4 Reuters Investors rushed in to buy technology and other beaten down se...
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FOREX Euro steady on hope for bank sector investors wary
Recasts adds quote updates prices Euro flat at 1 3350 helped by EU pledge on banking sector Euro also helped as IMF says may buy Spanish Italian debt Some see more euro losses ECB policy risks ahead By Neal Armstrong LONDON Oct 5 Reuters The euro steadied on Wednesday as a pledge by policymak...
JPM
Sell siders bullish on Clovis
Today s release of positive results from a Phase 3 clinical trial demonstrating the effectiveness of Clovis Oncology s CLVS 48 2 Rubraca rucaparib for the maintenance treatment of certain ovarian cancer patients is the big driver behind recent upgrades from the sell siders JPMorgan NYSE JPM Leerink Credit ...
JPM
France s Orange to cut stake in BT Group
PARIS Reuters French telecoms company Orange plans to reduce its stake in British rival BT Group LON BT from 4 percent to as little as 1 33 percent it said on Monday Shares in BT Britain s biggest telecoms operator have underperformed those of its European peers of late falling by about 21 percent since the...
JPM
Former JPMorgan trader Iksil links CEO Dimon to London Whale losses
Reuters Bruno Iksil the former JPMorgan Chase Co N JPM trader at the center of the London Whale trading scandal has accused the Wall Street bank s Chief Executive James Dimon of laying the ground for the 6 2 billion loss In an account on his website Iksil a French national who traded credit derivatives ...
JPM
Peru finance minister vows to resign if Congress votes against him
LIMA Reuters Peru s finance minister vowed on Monday to resign immediately if the opposition controlled Congress did not renew its confidence in him in a vote he has formally requested a pledge that opened the door to a more conciliatory departure of one of the president s closest cabinet members Opposition lawma...
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Top 5 Things to Know In the Market on Wednesday
Here are the top five things you need to know in financial markets on Wednesday March 30 1 Global stocks bounce on dovish comments from Fed chair Yellen With the exception of Nikkei 225 global stocks followed Wall Street higher on dovish comments from Federal Reserve Fed chief Janet Yellen who directly opposed a ...
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Snap Shares Climb 6 As Analyst Sentiment Remains Strong
Shares of Snap Inc NYSE SNAP surged on Friday afternoon climbing more than 6 5 as analysts and investors alike look to be getting over the app maker s disappointing first earnings report Earlier this week Snap lost more than 20 of its value following a weak report that saw the company post a loss of 2 31 per...
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Here s Why Snap Stock Soared Again Today
Shares of Snap Inc NYSE SNAP continued their post earnings rebound on Monday gaining more than 8 after new filings revealed several Wall Street juggernauts own the stock Giant investment firms Fidelity and BlackRock BLK reported owning Snap shares at the end of March while notable hedge funds like Daniel Loe...
JPM
The Dog That Didn t Bark Obama On JPMorgan
The dog that didn t bark this week let alone bite was the President s response to JP Morgan Chase s JPM bombshell admission of losing more than 2 billion in risky derivative trades that should never have been made JP Morgan is one of the best managed banks there is Jamie Dimon the head of it is one of the smar...
JPM
Fitch Downgrades Japan Markets Bounce Back
Things that can move U S Asia strong Japan 1 1 China 1 25 SoKo 1 65 Aust 1 16 Conference board China leading index 232 4 vs 230 5 March 228 7 FebOECD says Japan must raise taxes to counter 220 debt to GDP ratioFitch cuts Japan rating to A outlook negativeEurope firm Eurostoxx 54 Dax 58 FTSE ...
JPM
Risk Is Still A Four Letter Word In Energy Markets
The convergence of forces creating profound changes in domestic energy production is being driven by technology globalization demographic changes and by economies turning things upside down But only recently and only in selected places across the energy value chain has it hit critical mass One of them is reflected ...
JPM
Keeping Banks Not Greece From Failing Is The Real Eurozone Crisis
Over the last several weeks JP Morgan Chase Co JPM has remained in the headlines after suffering trading losses tied to the bank s now infamous London Whale with losses at more or less yes maybe more With tangible assets at 125 billion and annual gross revenue around 90 billion 7 billion may be poc...
JPM
Why Pundit Ignorance about Politics Costs You Money The Dimon Hearing
Making fun of Congress is a long standing American tradition for comedians A fool and his money are soon elected Ancient Rome declined because it had a Senate now what s going to happen to us with both a House and a Senate How much do you think Senators make They now make 154 700 a year But they say it...
MPC
Tighter Gasoline Supplies To Aid Oil Gas Refining Marketing Industry
The Zacks industry consists of companies that are involved in selling refined petroleum products including heating oil gasoline residual oil etc and a plethora of non energy materials like asphalt road salt clay and gypsum Some of the companies also operate refined products terminals storage facilities an...
MPC
Earnings Preview Marathon Petroleum MPC Q2 Earnings Expected To Decline
Marathon Petroleum MPC is expected to deliver a year over year decline in earnings on higher revenues when it reports results for the quarter ended June 2019 This widely known consensus outlook gives a good sense of the company s earnings picture but how the actual results compare to these estimates is a powerful f...
MPC
Marathon Petroleum MPC Surpasses Q2 Earnings And Revenue Estimates
Marathon Petroleum MPC came out with quarterly earnings of 1 73 per share beating the Zacks Consensus Estimate of 1 33 per share This compares to earnings of 2 27 per share a year ago These figures are adjusted for non recurring items This quarterly report represents an earnings surprise of 30 08 A quarter a...
MS
Crude oil higher in early Asian trade
Investing com Crude oil futures moved higher in Asian trade Friday lifted by a German parliamentary vote to approve expansion of the European rescue fund as well as better than expected labor numbers in the U S On the New York Mercantile Exchange light sweet crude futures for November delivery traded at USD82 97 a...
MS
Brent crude oil rises above 104 set for quarterly drop
Brent rises above 104 climbs for a second day Oil set for second month of decline OPEC output to increase in September Reuters survey U S jobless benefits claims fell By Jane Lee SINGAPORE Sept 30 Reuters Brent crude rose above 104 a barrel on Friday on positive economic news but prices this ...
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UPDATE 2 Brent crude oil above 104 set for quarterly drop
Brent rises above 104 climbs for a second day Oil set for second month of decline China Sept PMI steady firmer than flash estimate HSBC OPEC output to increase in September Reuters survey Coming Up U S personal income Aug 2011 1230 GMT Updates prices By Jane Lee SINGAPORE Sept 30 Reuters...
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Nikkei drops 2 pct on European debt fears
Financials follow U S counterparts lower BOJ tankan shows Japan firms turn optimistic Consumer lenders up on news SMFG to buy all Promise By Lisa Twaronite TOKYO Oct 3 Reuters The Nikkei average dropped 2 percent on Monday as fears of slowing global growth and the spreading impact of Europe s credit ...
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Crude oil futures trade below USD78 as global outlook weighs
Investing com Crude oil futures were down sharply for a second day on Monday dropping to a one week low as lingering concerns over the sovereign debt crisis in the euro zone and a firm U S dollar reduced the appeal of commodities On the New York Mercantile Exchange light sweet crude futures for delivery in Novemb...
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US STOCKS Futures dip on concerns about Greece Yahoo rallies
Yahoo rises after Alibaba CEO says interest in buying Wall St coming off worst quarter since financial crisis ISM manufacturing on tap seen little changed vs Aug Futures down Dow 31 pts S P 1 4 pts Nasdaq 11 25 pts For up to the minute market news see STXNEWS US Updates prices adds analyst comme...
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US STOCKS Wall Street down early on Greece concerns
Yahoo rises as Alibaba expresses interest in deal ISM manufacturing on tap seen little changed vs Aug Indexes off Dow S P both 0 8 pct Nasdaq 1 1 pct For up to the minute market news see STXNEWS US Updates to after the open By Ryan Vlastelica NEW YORK Oct 3 Reuters U S stock fell on Monday ...
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US STOCKS Wall Street slides on Greek contagion fears
ISM factory construction spending data top forecasts Banks lead Wall St lower on Europe fears Indexes off Dow 1 9 pct S P 500 2 2 pct Nasdaq 2 6 For up to the minute market news see STXNEWS US Recasts updates to afternoon changes byline By Rodrigo Campos NEW YORK Oct 3 Reuters U S stocks ...
JPM
U S jobs market tightens inflation pressures cooling
By Lucia Mutikani WASHINGTON Reuters The number of Americans filing for unemployment benefits fell more than expected last week pointing to shrinking labor market slack that could allow the Federal Reserve to raise interest rates again this year despite moderate inflation growth Inflation could remain sluggish f...
JPM
Madoff fund moves closer to payouts after criticism of delays
By Jonathan Stempel NEW YORK Reuters The overseer of a 4 billion U S government fund to compensate victims of Bernard Madoff s Ponzi scheme expects to start distributing money this year following criticism of the lack of payouts in the nearly four years since the fund s creation Money would go to 35 508 victims...
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European stocks drop on U S rate hike talk Dax down 0 77
Investing com European stocks opened lower on Thursday as speculation over a potential U S rate hike as soon as next month weighed on global equities and as security concerns following this week s Brussels terrorist attacks also persisted During European morning trade the EURO STOXX 50 dropped 0 86 France s CAC...
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Wall St closes flat five week rally ends
By Laila Kearney NEW YORK Reuters U S stocks broke a five week winning streak on Thursday with a strengthening dollar weighing on commodity related shares The three major indexes closed mostly flat on the day paring losses by the session s end After the run that we ve had I think it s natural for folks to ...
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IMF chief to reappoint David Lipton as principal deputy
WASHINGTON Reuters International Monetary Fund Managing Director Christine Lagarde on Monday announced her intention to reappoint David Lipton as the Fund s first deputy managing director to a new five year term starting Sept 1 The decision is subject to approval by the IMF s executive board Lipton an American ...
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U S stocks mixed in quiet thinly traded Post Holiday session
Investing com U S stocks were mixed on Monday on a choppy volatile day of trading as investors reacted to a soft batch of U S economic data which could exacerbate fears of a looming recession in the coming months if the economy continues to trend downward On Monday morning the U S Department of Commerce s Bu...
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Iranian expats hard to woo as Western firms seek foothold in Iran
By Pamela Barbaglia LONDON Reuters International firms are hunting for Western educated Iranians to take on executive jobs in the Islamic Republic after the removal of most sanctions but are finding it hard to win them over Interviews with Western companies and headhunters as well as more than 20 Iranians living ...
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Japan 2016 budget clears parliament more fiscal stimulus eyed
By Tetsushi Kajimoto TOKYO Reuters Japan s parliament approved a record 96 72 trillion yen 851 5 billion state budget for fiscal 2016 on Tuesday paving the way for a fully fledged debate on additional stimulus spending to spur the flagging economy Prime Minister Shinzo Abe wants to front load spending in the a...
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Hop On A Citibike And Ride The Stock Higher Bonus Idea
Here is your Bonus Idea with links to the full Top Ten Citigroup NYSE C had a great idea several years ago when they started bicycle sharing in New York City There I said something nice about the company Other than that the company s best strategy has been that it is not Well s Fargo the past year The stock pri...
JPM
Lower Chinese GDP Weighs On High Yielders April 15 2012
Markets are trading mostly sideways with safe haven assets seeing a slightly bid tone after disappointing GDP data out of China first quarter figures brought another round of risk aversion After the recent rallies seen in equity markets are looking particularly to any suggestion that the slowdown in global growth i...
JPM
When Something Goes Wrong The Case Of JP Morgan Chase
Managing your investments would be easy if you just bought stocks and watched them move higher In your dreams In the real world even the best managers must deal with adversity Our choices no matter how carefully chosen do not perform as expected Something goes wrong Dealing with adversity is crucial to in...
JPM
JP Morgan Chase Too Big To Exist
The news of the day last Thursday was that JP Morgan Chase JPM held in esteem by many as the pre eminent mega bank had sorely miscalculated and lost a couple of billion dollars or so on what was characterized as a hedge These guys were reputed to be the best and the brightest If this was a hedge where are the...
JPM
Has European Weekend Brought Hope Of A Better Week
At long last the EUR USD took out the support at the 1 30 area and worked down to a low of 1 2905 Last Friday the pair was trading at 1 2933 with hours until forex markets close for the weekend in New York The bullish euro traders have been wounded by the market but it has not totally collapsed For the bears i...
JPM
Bloomberg Bombshells Regarding JP Morgan s 2B Loss
Bloomberg just reported a couple of bombshells which when digested strike right at the integrity and veracity of JP Morgan CEO Jamie Dimon s comments a month ago What did Bloomberg report 1 The JP Morgan Chase JPM traders managing the risk within this portfolio were known to execute trades over the course of...
JPM
Can We Please Get Serious
Boy oh boy it has been one heck of a week So lets do some commentary on the state of affairs shall we Last week President Obama announced his support of legalized marriage for gay citizens Let s think about what the United States currently is facing as far as its financial situation is concerned We have 50 tri...
MPC
Marathon Petroleum MPC Down 9 2 Since Last Earnings Report Can It Rebound
A month has gone by since the last earnings report for Marathon Petroleum MPC Shares have lost about 9 2 in that time frame underperforming the S P 500 Will the recent negative trend continue leading up to its next earnings release or is Marathon Petroleum due for a breakout Before we dive into how investors an...
MPC
Marathon Petroleum MPC Gains As Market Dips What You Should Know
Marathon Petroleum MPC closed at 47 77 in the latest trading session marking a 0 19 move from the prior day The stock outpaced the S P 500 s daily loss of 0 04 Elsewhere the Dow lost 0 05 while the tech heavy Nasdaq lost 0 01 Prior to today s trading shares of the refiner had lost 5 99 over the past mon...
MPC
Marathon Petroleum MPC Stock Moves 0 41 What You Should Know
Marathon Petroleum MPC closed the most recent trading day at 51 39 moving 0 41 from the previous trading session This move was narrower than the S P 500 s daily loss of 0 95 At the same time the Dow lost 0 67 and the tech heavy Nasdaq lost 1 51 Heading into today shares of the refiner had gained 2 6 ove...
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Gold futures pare gains EU debt fears support
Investing com Gold futures pared gains on Tuesday pulling back from a daily high in volatile trade as markets continued to focus on the euro zone s sovereign debt crisis On the Comex division of the New York Mercantile Exchange gold futures for October delivery traded at USD1 814 05 a troy ounce during U S morning...
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Gold futures lifted in early Asian trade
Investing com Gold futures moved higher in Asian trade Wednesday in a market focused on European debt and buoyed by a rise in global equities On the Comex division of the New York Mercantile Exchange gold futures for October delivery traded at USD1 836 75 a troy ounce during early Asian trade up 0 14 after hitt...
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Gold futures rise in early Asian trade
Investing com Gold futures moved higher in Asian trade Thursday as European leaders met to discuss the region s debt crisis and ushered investors toward riskier assets On the Comex division of the New York Mercantile Exchange gold futures for October delivery traded at USD1 824 75 a troy ounce during early Asian t...
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Nikkei up more than 1 pct on Europe hopes Elpida soars
France Germany reassure on Greece s euro zone status Elpida jumps on move to be more competitive Valuations for Tokyo shares still attractive Foreign institutions still not active buyers Steel shares gain after bullish Credit Suisse report By Ayai Tomisawa TOKYO Sept 15 Reuters The Nikkei averag...
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Gold futures rebound from 3 day rout on bargain buying
Investing com Gold futures regained strength on Tuesday as the biggest three day drop since the 2008 financial crisis created buying opportunities for investors while silver futures also posted strong gains On the Comex division of the New York Mercantile Exchange gold futures for October delivery traded at USD1 ...
MS
Corn futures climb to 3 day high on U S crop concerns
Investing com Corn futures were up for a second day on Tuesday climbing to a three day high after a government report showed that U S corn crop conditions deteriorated last week adding to concerns over tightening U S supplies On the Chicago Mercantile Exchange corn futures for December delivery traded at USD6 5...
MS
Gold futures extend gains silver futures soar 11
Investing com Gold and silver futures extended strong gains on Tuesday as the U S dollar weakened amid hopes that euro zone policy makers will act to provide a solution to the region s ongoing debt crisis while some bargain buying also lent support On the Comex division of the New York Mercantile Exchange gold fu...