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Wall St Week Ahead: Slashed profit expectations may set stage for gains

NEW YORK, Jan 13 — There could well be a silver lining in all the caution around the stock market as the earnings season approaches: Shares do way better when profit expectations have fallen, and lately, they’ve been falling like a rock. By at…


Qatar Investment Authority aims to reach US$45b in US investments, says CEO

DOHA, Jan 13 — Qatar Investment Authority aims to raise investments in the United States to US$45 billion (RM184.2 billion) in the next two years as it rebalances its portfolio of assets away from Europe, its chief executive said today. The…


Slashed profit expectations may set stage for gains

NEW YORK, Jan 12— There could well be a silver lining in all the caution around the stock market as the earnings season approaches: Shares do way better when profit expectations have fallen, and lately, they’ve been falling like a rock. By at…


Defensive stocks top 2019 playbooks

NEW YORK: Perceived safe havens like utilities and consumer staples, often an afterthought in Wall Street’s cascade of year-ahead investment recommendations each December, are emerging as top picks as stocks limp into 2019. Growth-oriented sectors like tech or communications services have typically dominated year-end roundups of investment ideas. But an uncertain economic outlook and concerns […]


Wall St week ahead: Defensive stocks top 2019 playbooks

NEW YORK, Dec 30 — Perceived safe havens like utilities and consumer staples, often an afterthought in Wall Street's cascade of year-ahead investment recommendations each December, are emerging as top picks as stocks limp into 2019….


Report: Uber filed paperwork for IPO

WASHINGTON, Dec 8 — Ride-share company Uber quietly filed paperwork this week for its initial public offering, the Wall Street Journal reported late yesterday. The move comes one day after rival Lyft launched the process to take the company public…


Oil helps FTSE 100 end turbulent week firmer, but Brexit weighs

LONDON, Dec 8 — Britain’s top stock index rose yesterday after a tumultuous week, supported by a rally in oil stocks after Opec and Russia agreed to cut output, but investors also fretted about next Tuesday’s key parliamentary vote on Brexit….


Ride-hailing firm Lyft Inc files for IPO

NEW YORK, Dec 6 — Ride-hailing company Lyft Inc today filed with the US Securities and Exchange Commission for an initial public offering, ending months of speculation about the timing of its much-awaited market debut. The company, which was last…


Wall Street rallies as Cyber Monday shoppers log on

NEW YORK, Nov 27 — Wall Street bounced back yesterday as bargain hunters returned in force after last week's sell-off and expectations of a flurry of holiday cyber-spending drove up shares of retailers. The S&P 500 and the Dow Jones Industrial…


Wall Street rises on gains in retailers as Cyber Monday begins

NEW YORK, Nov 26 — US stocks gained today, helped by shares of retailers on expectations of blockbuster sales on the largest online shopping day of the year, and as technology shares rose after taking a beating last week. Shoppers who missed out…