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Tag Archives: Wall Street

Bruised US banks expected to report third quarter earnings decline

13 October 2019, 11:47 AM

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.

Passersby are reflected on a stock quotation board outside a brokerage in Tokyo, Japan.

Oil surges, stock futures slip after attack on Saudi facility

16 September 2019, 6:13 AM

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 CEO steps down, flags quarterly profit below Wall Street view

23 August 2019, 7:36 AM

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 trims earnings forecast on trade war woes

16 August 2019, 3:01 PM

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…

A U.S. dollar banknote featuring American founding father Benjamin Franklin and a China's yuan banknote featuring late Chinese chairman Mao Zedong are seen among U.S. and Chinese flags in this illustration.

US designates China a currency manipulator, escalating trade war

6 August 2019, 5:53 AM

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.

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