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JPM
JPMorgan pulls ads from NBC News
Only two shows in and controversy has already hit Sunday Night with Megyn Kelly JPMorgan NYSE JPM has requested its ads be pulled from NBC News NASDAQ CMCSA programming until after her interview with Alex Jones airs WSJ reports I m repulsed that megynkelly would give a second of airtime to someone who says Sandy...
JPM
Axovant Sciences misses by 0 02
Axovant Sciences NYSE AXON Q4 EPS of 0 53 misses by 0 02 Press ReleaseNow read
JPM
Brazil plea deals could affect banks loan books JPMorgan
By Guillermo Parra Bernal SAO PAULO Reuters Brazilian banks might be unable to lower loan loss provisions as much as expected this year because of a potential wave of plea deals involving corporate borrowers as well as mounting political turmoil JPMorgan NYSE JPM Securities said on Tuesday Analyst Natalia Corfi...
JPM
Credit card losses set to climb industrywide JPMorgan s Smith
By Dan Freed Reuters U S credit card losses are likely to rise at JPMorgan Chase Co N JPM and across the industry Gordon Smith head of the bank s consumer businesses said at a conference on Tuesday Smith said the largest U S bank is being surgical in determining where to tighten credit standards but he ...
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For Israeli bank American makeover means St Patrick s Day party
By Dan Freed NEW YORK Reuters Bank Leumi Le Israel BM has had its U S headquarters on Fifth Avenue overlooking the St Patrick s Day Parade for more than 40 years but this was the first year the U S unit of Israel s second largest lender had a party to celebrate Hosting festivities for a Catholic Saint is just ...
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Struggling U S oil and gas companies eye rare financing deals
By Jessica DiNapoli NEW YORK Reuters Some cash strapped U S oil and gas companies are considering creating an unusual layer of debt as a way of surviving the rout in oil and gas prices according to restructuring advisors Chesapeake Energy Corp N CHK for example is considering the strategy to swap some of its r...
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Driving In The Slow Lane
Following the latest reports on housing starts down 6 8 m m during March and manufacturing output down 0 4 last month the Atlanta Fed s GDPNow model showed an increase of just 0 5 saar in Q1 s real GDP As I noted recently the auto industry is a major soft patch in the economy Sure enough auto output fell ...
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Taxation Of Municipal Bonds
Is there a threat to the municipal bond interest deduction The new administration s focus on tax reform especially as many of us pay our federal and state taxes this week draws our attention to the taxation of interest on municipal bonds I recently heard a presentation by Steve Benjamin mayor of Columbia South Car...
JPM
How Investors Should Think About Europe
The right way to approach macro investment themes depends upon your time frame For traders you need to find the rhythm of the current market What do the active participants expect When do they expect it The problem for investors is much different The investor should hope for wild gyrations and mispricing of ass...
JPM
Italy to Sell Bonds Consumer Sentiment Continues Upwards in US
After a couple of solid Spanish and Italian bond auctions yesterday Italy will attempt to make it two out of two today as the beleaguered country gets ready to sell EUR 3 billion 2 year bonds plus some 6 year bonds The Italian 2 year yield has plunged from a peak of 7 664 percent on November 25 2011 to 4 183 percent ...
JPM
Corzine s Possible Crime Determination And Success The United States Energy Picture Changes And Market Volatility
Press reports from both the NY Times and Wall Street Journal indicate ex Goldman Sachs CEO and former New Jersey Governor Jon Corzine authorized the use of client money to pay back credit owed to JP Morgan Chase So we should be shocked Corzine tried to use other people s money to save his firm when their risky bets we...
MPC
MPLX Makes Final Investment Decision On Whistler Pipeline
MPLX LP NYSE MPLX WhiteWater Midstream and a joint venture between Stonepeak Infrastructure Partners and West Texas Gas recently made a final investment decision FID to move forward with the construction of Whistler Pipeline Substantial commercial commitments from the shippers provided the pipeline operators th...
MPC
Why Is MPLX LP MPLX Up 1 1 Since Last Earnings Report
A month has gone by since the last earnings report for MPLX LP MPLX Shares have added about 1 1 in that time frame outperforming the S P 500 Will the recent positive trend continue leading up to its next earnings release or is MPLX LP due for a pullback Before we dive into how investors and analysts have reacte...
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Gold futures fall below USD1 800 spot gold extends drop
Investing com Gold futures erased gains on Monday pulling back from a four day high and spot gold prices extended their decline as increased risk appetite dampened the appeal of the precious metal On the Comex division of the New York Mercantile Exchange gold futures for October delivery traded at USD1 789 75 a tro...
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Gold futures rebound on bargain buying Fed minutes awaited
Investing com Gold futures regained strength on Tuesday as the previous day s sharp drop created buying opportunities for investors ahead of the release of minutes from the Federal Reserve s August policy setting meeting On the Comex division of the New York Mercantile Exchange gold futures for October delivery tra...
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GLOBAL MARKETS European shares seen mixed eyes on data
European shares seen opening mixed MSCI Asia ex Japan up 0 7 pct Nikkei up 1 2 pct clears 9 000 for 1st time in two weeks China PMI reassures but Asia s factory activity slowed in Aug By Richard Pullin MELBOURNE Sept 1 Reuters Asian stocks rose to a one month high on Thursday but pared gains late...
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GLOBAL MARKETS World stocks slide on poor Europe data
World stocks fall on poor Europe data Wall Street set for losses Euro slides against dollar By Jeremy Gaunt European Investment Correspondent LONDON Sept 1 Reuters Financial markets kicked off September in a grim mood on Thursday with poor European economic data prompting a regional sell off that ende...
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Nikkei up 2 pct on short term rebound on short covering
By Lisa Twaronite TOKYO Sept 7 Reuters The Nikkei average climbed 2 percent on Wednesday on short covering after three days of losses with market participants calling the move a short term rebound amid fears about the sovereign debt situation in Europe and a U S economic slowdown A regional rally helped...
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GLOBAL MARKETS Stocks euro recover but long term fears linger
Nikkei up 1 6 percent MSCI AP ex Japan up 1 9 percent Euro firms slightly to around 1 4030 German high court decision on Europe bailouts due from 0800 GMT Gold stumbles suddenly in thin liquidity Updates prices throughout By Alex Richardson SINGAPORE Sept 7 Reuters European stocks were poised ...
JPM
Regional banks may keep lagging without Washington lift
By Sinead Carew and Megan Davies NEW YORK Reuters A rough few months for most U S bank stocks has been particularly unkind to regional banks and that s not likely to change soon as hopes dim for higher long term interest rates and timely policy relief from Washington While some investors see bargains in lower va...
JPM
Brexit forever How May s failed election gamble changes Brexit
LONDON Reuters British Prime Minister Theresa May s failed gamble on a snap election throws Brexit and the formal Brexit talks into uncharted waters Voters dealt May a devastating blow in the snap election she had called to strengthen her hand in the Brexit negotiations wiping out her parliamentary majority a...
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Citigroup markets investment banking revenue slow CFO
NEW YORK Reuters Citigroup Inc N C first quarter markets revenue is running 15 percent lower than a year earlier and its investment banking revenue is off by 25 percent Chief Financial Officer John Gerspach said on Tuesday It has been a tough quarter Gerspach said at an investor conference The company exp...
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Exclusive Saudi Arabia seeks 6 8 billion bank loan to shore up state coffers
By Archana Narayanan DUBAI Reuters Saudi Arabia is seeking a bank loan of between 6 billion and 8 billion sources familiar with the matter told Reuters in what would be the first significant foreign borrowing by the kingdom s government for over a decade Riyadh has asked lenders to submit proposals to extend i...
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Citi creates new group focused on serving fund clients
Reuters Senior investment bankers Zubaid Ahmad and Brad Coleman will be leading a new group at Citigroup Inc NYSE C focused on better serving clients that are private equity firms hedge funds and sovereign wealth funds according to a memo seen by Reuters on Wednesday The new Global Asset Management Group wil...
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Deutsche Bank says first quarter challenging for entire sector
FRANKFURT Reuters Deutsche Bank DE DBKGn has warned that volatile financial markets in the first quarter normally a strong season for banks posed a challenge for the entire sector Deutsche Bank is no exception to this Nonetheless in this period of market turbulence Deutsche Bank remains very solid Chie...
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4 Reasons Why Muni Bond ETFs Are Back In Favor
It seems that the difficult days of Muni bond investing are over at least for the coming few days 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 tax rates investors desire for a tax shelter i...
JPM
Gold Settles 22 00 Lower 1725 20
Today s December Gold Futures contract traded a 41 00 range as news that MF Globalfiled chapter 11 Bankruptcy protection and leaving behind over 2 Billion Dollars in debt to some of Wall Street s largest institutions including JP Morgan Chase and Deutsche Bank Bad investments linked to the European Union s financial ...
JPM
The Metals Report
GOLD SETTLES 22 00 LOWER 1725 20 Today s December Gold Futures contract traded a 41 00 range as news that MF Global filed chapter 11 Bankruptcy protection and leaving behind over 2 Billion Dollars in debt to some of Wall Street s largest institutions including JP Morgan Chase and Deutsche Bank Bad investments lin...
JPM
At the Cato Institute s 29th Annual Monetary Conference VI
PANEL 4 A PROGRAM FOR MONETARY FREEDOMModerator Alan Reynolds Senior Fellow Cato InstituteStimulus money away from productive uses and toward the goverment and other unproductive bits of malinvestment like autos and homes James GrantEditor Grant s Interest Rate ObserverThe cumulative effect of historyProblem in ba...
MPC
Key Factors To Watch Out For Ahead Of MPLX s Q1 Earnings
MPLX LP NYSE MPLX is scheduled to release first quarter 2019 results before the opening bell on May 8 In the preceding three month period the Findlay OH based energy midstream service provider missed the Zacks Consensus Estimate by 23 5 As far as earnings surprises are concerned the oil and gas logistics opera...
MPC
Marathon Petroleum MPC Swings To Q1 Loss Revenues Miss
Independent oil refiner and marketer Marathon Petroleum Corporation NYSE MPC reported weak first quarter results on declining crude discounts The company reported adjusted loss per share of 9 cents The Zacks Consensus Estimate was for a profit of a penny while in the year ago period the company earned 8 cents per...
MPC
Marathon Petroleum MPC Reports Q1 Loss Lags Revenue Estimates
Marathon Petroleum MPC came out with a quarterly loss of 0 09 per share versus the Zacks Consensus Estimate of 0 01 This compares to earnings of 0 08 per share a year ago These figures are adjusted for non recurring items This quarterly report represents an earnings surprise of 1 000 A quarter ago it was ex...
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European shares in biggest fall since March 2009
FTSEurofirst 300 closes 4 8 percent lower on growth worries German index underperforms Automobile banks among top sector fallers By Brian Gorman LONDON Aug 18 Reuters European equities suffered their biggest daily fall in two and a half years on Thursday as a slew of downbeat U S data cast further ...
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GLOBAL MARKETS Stocks sink gold at highs as fear sweeps market
Spot gold touches new record high on recession fears Safe haven dollar rises as risk appetite evaporates Global equities tumble after U S data sours investors Oil slides as slower global growth prospects dim demand Updates prices By Herbert Lash NEW YORK Aug 18 Reuters Renewed jitters over Europe ...
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GLOBAL MARKETS Gold soars stocks sink as data roils markets
Spot gold touches new record high on recession fears Global equities tumble after U S data sours investors Safe haven debt dollar gain as risk appetite evaporates Oil slides as slower global growth prospects dim demand Updates prices By Herbert Lash NEW YORK Aug 18 Reuters Renewed jitters over...
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GLOBAL MARKETS Gold soars stocks slide as data roils markets
Spot gold touches new record high on recession fears Global equities tumble after U S data sours investors Safe haven debt dollar gain as risk appetite evaporates Oil slides as slower global growth prospects dim demand Updates with close of U S markets By Herbert Lash NEW YORK Aug 18 Reuters ...
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US STOCKS Wall St rallies after four weeks of losses
Investors look ahead to Bernanke speech Verizon unions to resume talks Libyan rebels sweep into Tripoli Brent drops Indexes up Dow 1 6 pct S P 1 8 pct Nasdaq 2 pct For up to the minute market news see STXNEWS US Updates to open By Ryan Vlastelica NEW YORK Aug 22 Reuters U S stocks surge...
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Nikkei slips as Moody s downgrade spurs profit taking
Futures traders place sell orders above 8 800 trader Bernanke speech awaited for U S easing clues By Lisa Twaronite TOKYO Aug 24 Reuters The Nikkei stock average inched down on Wednesday as investors digested the long term implications of Moody s Investors Service s downgrade of Japan s sovereign debt ra...
JPM
JPMorgan to purchase new debt for struggling Chicago schools
CHICAGO Reuters The Chicago Public Schools CPS said it tapped JPMorgan as the winning bidder for an up to 396 5 million note deal aimed at keeping the cash strapped district afloat The award of the notes purchase to JPMorgan Chase Co NYSE JPM is subject to final negotiation according to a CPS statement on ...
JPM
Oramed Pharma to list shares on Tel Aviv Stock Exchange shares ahead 3
The board of Oramed Pharmaceuticals ORMP 2 9 has authorized the company to apply for listing on the Tel Aviv Stock Exchange TASE It expects trading to commence in Q4 It current listing on Nasdaq will be unaffected Now read
JPM
U S services data suggests upward revision to first quarter GDP
WASHINGTON Reuters The U S economy was probably not as weak in the first quarter as has been reported with data on Thursday showing modestly stronger consumer spending than previously estimated The Commerce Department s quarterly services survey or QSS showed consumption including healthcare spending increas...
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Citigroup to exit retail banking in Brazil Argentina
Reuters Citigroup Inc N C said it plans to exit its retail banking and credit card operations in Brazil Argentina and Colombia as part of efforts to aggressively cut costs and boost profitability Shares of the bank which has operated in both Argentina and Brazil for more than 100 years were nearly flat in p...
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Verizon to buy XO Communications fiber optic business
Reuters Verizon Communications Inc N VZ the No 1 U S wireless service provider said it would buy Carl Icahn owned XO Communications fiber optic network business for about 1 8 billion Verizon said the deal will include XO s fiber based Internet protocol and Ethernet networks that will help serve its enterp...
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Time Inc explores bid for Yahoo s core business source
By Jessica Toonkel and Sai Sachin R Reuters Time Inc N TIME the publisher of Sports Illustrated People and Time magazines has been exploring a bid to acquire the core internet business of Yahoo Inc O YHOO for several weeks a source familiar with the situation told Reuters on Tuesday Time Inc has been r...
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U S authorities question Citigroup about transactions in FIFA corruption probe
NEW YORK Reuters Citigroup Inc N C said it has received questions from U S federal authorities investigating the role of financial institutions in alleged corruption and money laundering involving FIFA In an annual filing with securities regulators on Friday Citigroup said it had received a subpoena from the...
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Insight Wall Street vets battle BP in fallout over Canada refinery
By Jarrett Renshaw and Jessica Resnick Ault NEW YORK Reuters A legal battle between a team of former Wall Street oil traders and behemoth producer BP plc L BP over a remote Canadian refinery sheds rare light on the murky world of crude trading The first salvo in the previously unreported dispute was fired by B...
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Is Help On The Way
The odds were never good that this struggling market would reverse course on the Thursday before a three day weekend Volume has been very low and stocks continue to struggle with uncertainties here at home and overseas So the major indices were down three days in this shortened four day week and ended Thursday at ...
MPC
Earnings Preview Marathon Petroleum MPC Q1 Earnings Expected To Decline
Wall Street expects a year over year decline in earnings on higher revenues when Marathon Petroleum MPC reports results for the quarter ended March 2019 While this widely known consensus outlook is important in gauging the company s earnings picture a powerful factor that could impact its near term stock price is h...
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UPDATE 12 Brent oil drops nearly 4 as recession fears grow
Investors sell off oil commodities equities U S crude down 14 percent so far in August U S bans imports of Syrian oil Fed scrutinizing European banks U S units report Updates prices adds details By Matthew Robinson and David Sheppard NEW YORK Aug 18 Reuters Brent crude oil fell nearly 4 a b...
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GLOBAL MARKETS Growth worries hobble stocks Swiss franc falls
European stocks follow Asian markets lower Morgan Stanley adds to growth fears cuts global GDP forecasts Swiss franc falls as central bank intervenes in currency market Flight to quality sends German Bunds to record highs Adds detail more quotes background By Emelia Sithole Matarise LONDON Aug 18...
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Global growth woes hit FTSE in choppy summer trade
FTSE 100 down 2 3 pct Miners fall on China tightening fears By Tricia Wright LONDON Aug 18 Reuters Britain s top shares fell on Thursday in choppy summer trading as concerns over the global economic outlook heaped pressure on miners while banks dropped as uncertainty over the euro zone debt situation un...
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Gold soars to record high of USD1 818 25 ahead of U S CPI data
Investing com Gold futures extended gains on Thursday soaring to a fresh record high as increased demand for safe haven assets boosted the precious metal ahead of a flurry of key U S economic data On the Comex division of the New York Mercantile Exchange gold futures for October delivery traded at USD1 814 85 a tr...
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GLOBAL MARKETS Growth worries hit stocks Swiss franc falls
European stocks fall 2 5 percent follow Asia down Cuts in global GDP forecasts UK retail data fan growth concerns Swiss franc falls as central bank intervenes in currency market Flight to quality buoys German Bunds to record highs Gold rises back above 1 800 oz closing in on all time peaks Adds fre...
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Crude oil plunges more than 4 on U S data growth fears
Investing com Crude oil futures extended sharp losses on Thursday dropping to a one week low after official data showed that U S first time jobless claims rose more than expected last week adding to ongoing fears over the global economic outlook On the New York Mercantile Exchange light sweet crude futures for d...
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US STOCKS Wall St tumbles on renewed bank worries
Jobless claims top view CPI rises faster than forecast Fed worried euro zone crisis may affect US banks report Indexes off Dow 2 8 pct S P 3 1 pct Nasdaq 3 7 pct For up to the minute market news see STXNEWS US Updates to early morning trading adds byline By Rodrigo Campos NEW YORK Aug 18 Reute...
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European shares tumble on global growth worries
FTSEurofirst 300 falls 4 percent on growth worries German index loses most Automobile banks among top sector fallers By Brian Gorman LONDON Aug 18 Reuters European equities fell heavily on Thursday as a bigger than expected rise in U S weekly jobless claims added to worries about the strength of rec...
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Dollar tops majors amid gloomy economic news
The U S Dollar rose against majors this morning on concerns that the economic recovery could be derailed especially after Morgan Stanley slashed its forecasts for global growth and speculation that lenders could be using insufficient policy response to tackle Europe s swelling sovereign debt crisis which all in all...
JPM
Snap shares down 2 6 as JPMorgan cuts price target
JPMorgan NYSE JPM reduces Snap s NYSE SNAP price target from 20 to 18 citing concerns about the company s ability to monetize and scale its ad business and Snap s lack of profit Other Snap concerns include competition from the likes of Facebook NASDAQ FB and the company s ability to continue adding new users ...
JPM
FT Bunge hires advisers in takeover defense
Bunge BG 0 3 which recently rejected overtures from Glencore LON GLEN OTCPK GLCNF OTCPK GLNCY has hired JPMorgan Chase NYSE JPM and Shearman Sterling to help it defend against takeovers Financial Times reports BG is now focused on remaining independent after being caught off guard by Glencore s unexp...
JPM
Emerging markets debt ETF got a whopping investment on Friday
via Bloomberg s Lisa AbramowiczThe iShares JPMorgan NYSE JPM USA Emerging Markets Bond ETF NYSEARCA EMB saw a net inflow of 310 9M on Friday by a wide margin the largest inflow this year Emerging markets and their debt have been a popular spot this year EMB is ahead 5 the total return is nicely higher thanks...
JPM
Exclusive Brazil orders Caixa to halt loans to J F sources
By Aluisio Alves and Lisandra Paraguassu SAO PAULO BRASILIA Reuters The Brazilian government has ordered state controlled lender Caixa Econ mica Federal to stop providing financing to a family of billionaires who accused President Michel Temer of working to obstruct a corruption probe people familiar with the deci...
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Gold prices dip in Asia as investors book profits await Yellen
Investing com Gold prices fell in Asia Tuesday on profit taking as investors looked look ahead to views on U S interest rates this week Investors await an appearance by Federal Reserve chair Janet Yellen before the House Financial Services Committee on Wednesday for further indications on the pace of tightening ove...
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U S UK likely to charge multiple banks in Libor rigging WSJ
WASHINGTON Reuters American and British regulators are likely to charge several banks with rigging interest rates including Citigroup N C the third largest U S bank and London based HSBC Holdings L HSBA the Wall Street Journal reported on Friday The U S Commodity Futures Trading Commission and the U ...
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Citigroup plans to exit retail banking in Argentina Brazil Bloomberg
Reuters Citigroup Inc N C plans to exit retail banking in Argentina and Brazil Bloomberg reported citing a person familiar with the matter The plan to exit the businesses will probably be announced in coming weeks Bloomberg reported citing the source Citigroup was not immediately available for comment...
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Citi raises CEO Corbat s pay by 27 percent in 2015
Reuters Citigroup Inc N C raised Chief Executive Michael Corbat s pay by an estimated 27 percent in 2015 a year in which the bank s profit more than doubled Corbat earned an estimated 16 5 million in 2015 including deferred shares worth about 4 5 million He earned 13 million in 2014 Deferred stock make...
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The Three Things You Need To Know Today
The three things you need to know before having your morning coffee 1 US Military Strike With a weapon known as the mother of all bombs the US destroyed an Isis State base in Afghanistan on Thursday evening according to Afghan defence ministry No civilians were harmed by the insistent 2 Trump s Strong Dollar ...
MPC
Marathon Petroleum MPC Down 9 7 Since Last Earnings Report Can It Rebound
It has been about a month since the last earnings report for Marathon Petroleum MPC Shares have lost about 9 7 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 invest...
MPC
Marathon Petroleum MPC Dips More Than Broader Markets What You Should Know
Marathon Petroleum MPC closed at 62 03 in the latest trading session marking a 0 08 move from the prior day This move lagged the S P 500 s daily loss of 0 01 At the same time the Dow lost 0 1 and the tech heavy Nasdaq gained 0 12 Heading into today shares of the refiner had lost 4 71 over the past month...
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GLOBAL MARKETS Greek deal lifts euro stocks outlook cloudy
Further euro gains may be difficult MSCI APXJ up 1 2 pct set for fourth day of gains Hope of a break in U S debt deadlock also boosts optimism Precious metals slip on reduced safe haven demand By Saikat Chatterjee HONG KONG July 22 Reuters Asian stocks rose and the euro climbed to a two week high ...
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Gold futures rally to fresh record high on U S debt worries
Investing com Gold futures rallied to a new record high on Wednesday as a lack of progress over raising the U S debt ceiling before a looming deadline raised fears over a possible U S sovereign debt default boosting the safe haven appeal of the precious metal On the Comex division of the New York Mercantile Excha...
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Crude oil futures drop amid concerns over demand outlook
Investing com Crude oil futures were down on Thursday slumping to a two day low as lingering concerns over the global economic outlook weighed on future oil demand expectations while a stronger U S dollar also weighed On the New York Mercantile Exchange light sweet crude futures for delivery in October traded at...
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European stocks plunge on growth fears DAX tumbles 3 5
Investing com European stock markets were sharply lower on Thursday as lingering concerns over the euro zone s sovereign debt crisis and mounting fears over the global economic outlook prompted investors to shun riskier assets During European morning trade the EURO STOXX 50 sank 3 France s CAC 40 dropped 2 5 wh...
JPM
Political turmoil prompts South African pensions to offload government debt
By Mfuneko Toyana JOHANNESBURG Reuters South African pension funds have cut their holdings in local government bonds to the lowest level in nearly 4 1 2 years because of political turbulence in the country but yield hungry foreign investors are proving less hesitant Domestic pension funds have historically been t...
JPM
U S factory activity edges up private payrolls surge
By Lucia Mutikani WASHINGTON Reuters U S factory activity ticked up in May after slowing for two straight months and private employers stepped up hiring suggesting the economy is regaining speed after struggling at the start of the year The signs of renewed vigor in the economy and labor market tightness could e...
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EUR USD extends gains amid massive equity bond rout on both continents
Investing com EUR USD rose considerably on Monday extending sharp gains from last week as bond yields in the euro zone fell deeper into negative territory amid continued declines in oil prices and a major sell off in financial stocks on both continents The currency pair traded in a broad range between 1 1086 and 1...
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Geopolitical Tensions Affect The Markets
Geopolitical tensions are what is driving the markets at the moment which started after the US attacked Syria after the chemical gas attack last week This has led to a deteriorating relationship between the US and Russia which was confirmed during the meeting yesterday between both foreign ministers North Korea is ...
MPC
Marathon Petroleum MPC Reports Next Week Wall Street Expects Earnings Growth
The market expects Marathon Petroleum MPC to deliver a year over year increase in earnings on higher revenues when it reports results for the quarter ended December 2018 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
Murphy USA s MUSA Q4 Earnings Beat On High Retail Margins
Murphy USA Inc NYSE MUSA reported better than expected results in the fourth quarter of 2018 on the back of higher retail margins The company s adjusted net income per share came in at 2 38 topping the Zacks Consensus Estimate of 2 30 Further the bottom line improved from the year ago figure of 1 03 per sha...
MPC
Marathon Petroleum MPC Q4 Earnings Beat Revenues Miss
Independent oil refiner and marketer Marathon Petroleum Corporation NYSE MPC reported strong fourth quarter earnings on favorable crude differentials growing throughput volumes and higher fuel margin The company s adjusted earnings per share came in at 2 41 well ahead of the Zacks Consensus Estimate of 1 98 and...
MPC
Marathon Petroleum MPC Q4 Earnings Top Estimates
Marathon Petroleum MPC came out with quarterly earnings of 2 41 per share beating the Zacks Consensus Estimate of 1 98 per share This compares to earnings of 1 05 per share a year ago These figures are adjusted for non recurring items This quarterly report represents an earnings surprise of 21 72 A quarter a...
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European shares up on hopes of more U S stimulus
FTSEurofirst 300 turns positive up 0 7 pct Shares gain on Bernanke s comments Auto shares among top gainers By Atul Prakash LONDON July 13 Reuters European shares turned positive in afternoon trade on Wednesday after U S Federal Reserve Chairman Ben Bernanke said the central bank is ready to ease mon...
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European stocks lower as EU summit eyed DAX down 0 75
Investing com European stock markets were broadly lower on Thursday as investors awaited the outcome of a summit meeting of European leaders later in the day while shares in Ericsson tumbled after reporting weaker than expected earnings During European morning trade the EURO STOXX 50 edged 0 2 lower France s CA...
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European shares hit 2 wk closing high on euro zone plan
FTSEurofirst 300 closes 1 1 pct higher Banks lead gainers Italy s Intesa SanPaolo UniCredit soar Ericsson slunps after profit misses forecast By Brian Gorman LONDON July 21 Reuters European shares closed at their highest in nearly two weeks on Thursday on investor optimism about a plan for a wide ran...
JPM
Brazil expected to continue reforms despite political crisis CEOs
SAO PAULO Reuters Financial markets are betting that the Brazilian government s pro business economic agenda will move ahead even if embattled President Michel Temer is ousted top banking executives said on Tuesday Investors believe the reform agenda will go forward no matter the outcome of the political crisi...
JPM
JPMorgan second quarter market revenue down 15 percent vs year earlier CFO
NEW YORK Reuters Markets revenue at JPMorgan Chase Co N JPM has been down about 15 percent so far in the second quarter from a year earlier Chief Financial Officer Marianne Lake said on Wednesday Speaking at an investor conference Lake said the decline stemmed from lower volatility compared with a year ago w...
JPM
U S pending home sales fall housing market recovery intact
By Lucia Mutikani WASHINGTON Reuters Contracts to buy previously owned U S homes fell for a second straight month in April amid a supply squeeze but the housing market recovery remains supported by a strong labor market The National Association of Realtors said on Wednesday its Pending Home Sales Index based on...
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JPMorgan strikes confident tone after better than expected results
By Sweta Singh Reuters JPMorgan Chase Co N JPM the biggest U S bank by assets ended the year with a better than expected quarterly profit and expressed confidence about its businesses in 2016 despite a grim start for stocks and energy prices The bank the first big lender to report results since the Federa...
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Wells Fargo profit slips amid concerns about sour energy loans
By Sruthi Shankar and Richa Naidu Reuters Wells Fargo N WFC Co the biggest U S residential mortgage lender and a major lender to the energy industry reported a slight dip in quarterly profit on Friday as it set aside more money to cover bad loans to oil and gas companies Walls Fargo whose latest balance...
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Lower legal bill boosts Citi profit but core revenue weak
By Sweta Singh and David Henry Reuters Citigroup Inc N C reported a massive jump in quarterly profit as a sharp drop in legal costs and gains from the disposal of unwanted assets masked weak revenue from its core business Shares of Citi which was displaced by Wells Fargo Co N WFC as the No 3 U S bank b...
MPC
Marathon Petroleum MPC Stock Moves 1 46 What You Should Know
In the latest trading session Marathon Petroleum MPC closed at 58 77 marking a 1 46 move from the previous day This change was narrower than the S P 500 s daily loss of 2 48 Meanwhile the Dow lost 2 83 and the Nasdaq a tech heavy index lost 3 04 Coming into today shares of the refiner had lost 5 84 i...
MPC
Why Marathon Petroleum MPC Could Beat Earnings Estimates Again
Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report Marathon Petroleum MPC which belongs to the Zacks Oil and Gas Refining and Marketing industry could be a great candidate to consider This refiner has an es...
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US STOCKS Wall St consolidates rally more choppiness seen
Factory orders rise but miss estimate Energy Transfer sweetens offer for Southern Union Dow up 0 1 pct S P off 0 1 pct Nasdaq up 0 2 pct For up to the minute market news see STXNEWS US Updates to midday By Edward Krudy NEW YORK July 5 Reuters Wall Street consolidated on Tuesday after its best we...
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US STOCKS Wall St ends quiet day flat Netflix boosts Nasdaq
Moody s downgrades Portugal s debt rating to junk Netflix at all time high lifts Nasdaq Barclays comments lift crude oil energy shares Dow off 0 1 pct S P off 0 1 pct Nasdaq up 0 4 pct For up to the minute market news see STXNEWS US Updates to close By Ryan Vlastelica NEW YORK July 5 Reuters ...
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European shares retreat on concerns over Portugal
FTSEurofirst 300 down 0 3 percent Portugese shares slip after Moody s downgrade Financial shares feature among top decliners LONDON July 6 Reuters European equities retreated on Wednesday as banking stocks slipped after Moody s cut Portugal s credit rating to junk and said the highly indebted country m...
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PRECIOUS Gold rises holds near 1 530 oz ahead of U S jobs
Volume light as most players await US June jobs data US companies hire 4 times more workers in June than May Euro up as Trichet says ECB to help Portugal Coming up US June nonfarm payrolls at 1230 GMT Friday Updates prices adds comments U S jobs graphics By Carole Vaporean and Jan Harvey NEW YORK LO...
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Brent crude falls below 118 ahead of key U S jobs report
Market eyeing key U S jobs data later on Friday U S crude stocks fell 889 000 bbls less than expected Coming Up U S non farm payrolls June 1230 GMT By Francis Kan SINGAPORE July 8 Reuters Brent crude dipped below 118 on Friday after sharp gains a day earlier as the market awaited a U S jobs r...
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UPDATE 2 Brent crude falls ahead of U S jobs data
Market eyeing key U S jobs data later on Friday U S crude stocks fell 889 000 bbls less than expected Coming Up U S non farm payrolls June 1230 GMT Updates prices adds PBOC governor comments By Francis Kan SINGAPORE July 8 Reuters Brent crude fell on Friday after sharp gains a day earlier p...
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UPDATE 11 Oil dips on jobs data Brent US spread at 22
U S June jobs report disappoints weighs on oil North Sea supply worry limits Brent losses Brent premium to U S crude above 22 barrel intraday Coming up API oil stocks data 4 30 p m EDT Tuesday Recasts updates prices market activity to Brent settlement By Robert Gibbons NEW YORK July 8 Reuters...
JPM
Bunge shares touch 22 month high as consolidation talk swirls
By Karl Plume CHICAGO Reuters Shares of Bunge Ltd scaled to a 22 month peak on Wednesday after merger overtures by Glencore LON GLEN Plc s agriculture unit whetted investors appetite for consolidation in the commodities sector But Bunge s lukewarm response to a possible consensual business combination sugge...
JPM
JPMorgan upgrades UK stocks cuts view on European autos
LONDON Reuters JPMorgan NYSE JPM global equity strategists said on Tuesday they expect UK stocks to claw back some of their underperformance against euro zone and global peers and recommended investors buy into bluechip dividend paying exporters that stand to benefit the most from a weak sterling A broad UK ind...