The biggest US banks are expected to kick off the earnings season on a sour note next week due to falling interest rates, which may have pressured net interest margins enough to cause the sector’s first year-over-year earnings per share decline in three years.
US crude futures were last up 11% at $61.10 a barrel, coming off highs on expectations other global oil suppliers would step in to lift output. Brent crude soared 13% at $68.06 after earlier rising to $71.95.
HP Inc said on Thursday Chief Executive Officer (CEO), Dion Weisler, is stepping down after nearly four years in the role and forecast fourth quarter profit below Wall Street estimates, sending its shares down 6% in late trade.
Deere & Co.’s third-quarter earnings on Friday missed Wall Street estimates, hurt by the US-China trade war that has dented the demand for its farm machines…
The designation by the US Treasury Secretary starts a formal process of bilateral negotiations between the world’s two largest economies, and fulfils a promise made by US President Donald Trump.