wall street

 
 

Wall Street wary of progressive Democrats on the House finance committee

WASHINGTON: Wall Street is bunkering down for a wave of intense scrutiny as a group of progressive Democrats, including social media star Alexandria Ocasio-Cortez, have joined a powerful House of Representatives committee overseeing banking activities. “It’s a huge victory,” said Ocasio-Cortez, at 29 the youngest member of Congress and a self-described socialist – a word […]


Trade talk hopes poise dollar for first positive week this year

NEW YORK, Jan 19 — The dollar held firm against its rivals yesterday and was poised for its first weekly gain in five weeks, boosted by optimism about trade talks between China and the United States. US Treasury Secretary Steven Mnuchin discussed…


China offers to ramp up US imports, Bloomberg reports

NEW YORK, Jan 19 — China has offered to go on a six-year buying spree to ramp up imports from the United States in order to reconfigure the relation between the two countries, Bloomberg reported yesterday, citing people familiar with the matter….


Stocks rally on trade hopes, dollar has first weekly gain of 2019

NEW YORK, Jan 19 — World stock indexes jumped on Friday, with Wall Street posting a fourth straight week of gains, and the dollar had its first positive week since mid-December as optimism increased that an end is in sight to the US-China trade…


US chipmakers may give clues on China hazard

SAN FRANCISCO, Jan 19 — Intel Corp operates mostly outside the Apple-sphere, and that is exactly why whatever it says next week about business in its vital Chinese market matters so much for investors. Apple rattled global markets this month when…


Bad bets on oil and gas spark wave of energy-fund closures

NEW YORK/HOUSTON: Energy fund managers took heavy losses last year with wrong-way bets on the prices of oil and natural gas, leading to a wave of closures in the volatile fund sector. The number of active energy-focused funds fell to just 738 in 2018 through September from about 836 in 2016, according to the latest […]


US stocks rise again on hopes of trade deal

NEW YORK, Jan 18 — Wall Street stocks pushed higher today as optimism over a potential US-China trade agreement offset mixed earnings reports from Netflix and others. About 35 minutes into trading, the Dow Jones Industrial Average was up 0.5 per…


Stock markets surge on China-US trade breakthrough hopes

LONDON, Jan 18 — Stock markets across the globe powered higher today, buoyed by hopes of a breakthrough in the US-China trade war. European and Asian indices bounced back strongly after the Wall Street Journal (WSJ) reported that the US was…


Positive sentiment lifts Bursa Malaysia

KUALA LUMPUR, Jan 18 — Persistent buying momentum in index-linked counters helped push Bursa Malaysia to close firmer today in tandem with the rally in global equities, boosted by positive market sentiment amid optimism over the US-China trade…


Asian markets end week on a high as China-US trade hopes rise

HONG KONG, Jan 18 — Asian markets rallied today as another broadly positive week drew to a close, with investors cheered by a report that the US was considering lifting tariffs on China as officials look to hammer out a trade deal. Optimism that…