Tag: Wall Street

• Monday, July 8th 2019 - 08:39 UTC

  Deutsche Bank plans to cut one in five jobs, some 18.000 employees

  

  Deutsche Bank plans to cut 18,000 jobs in a sweeping, €7.4 billion overhaul designed to turn around Germany's struggling flagship lender The plan represents a major retreat from trading by Deutsche Bank, which for years had tried to compete as a major force on Wall Street.

• Wednesday, May 8th 2019 - 09:25 UTC

  China opening its mutual fund business to a foreign majority stake: JPMorgan could be the first

  

  JPMorgan could become the first foreign company to own a majority stake in its Chinese mutual fund business, after its joint venture partner put a crucial 2% of the business up for sale that analysts expect the Wall Street bank to lap up.

• Saturday, April 27th 2019 - 10:13 UTC

  Microsoft hit this week trillion-dollar value mark for the first time

  

  Microsoft hit the trillion-dollar value mark on Thursday for the first time, becoming the third technology giant to reach the milestone. Shares in Microsoft rallied some 5% in early Wall Street trade after a robust earnings report a day earlier to lift the value briefly above US$1 trillion

• Saturday, March 23rd 2019 - 09:09 UTC

  UK and US markets tumble on fears of a global slowdown

  

  Markets in the UK and US have tumbled with analysts attributing the drop to growing fears of a global slowdown. The FTSE 100 saw its worst day of trading this year, closing 2% lower. In the US, the three main indexes ended between 1.9% and 2.5% lower.

• Wednesday, February 20th 2019 - 08:55 UTC

  Senator Sanders launches his second bid for the White House calling Trump a “racist and pathological liar”

  

  Senator Bernie Sanders launched his second bid for the White House on Tuesday taking direct aim at Donald Trump in an announcement that called the incumbent a “racist” and a “pathological liar.” Sanders, 77, joins an already crowded field of candidates vying for the Democratic nomination to run against Trump in 2020.

• Sunday, February 3rd 2019 - 10:36 UTC

  Latin American markets reacted positively to Fed' message of “wait and see”

  

  Most Latin American stocks rose on Friday after U.S. economic data pointed to the possibility that the Federal Reserve could keep interest rates unchanged. Shares extended their rally after U.S. employment and manufacturing data underscored a strong economy with little wage inflation.

• Thursday, January 31st 2019 - 09:38 UTC

  US private payrolls increased in January, but the housing market is down

  

  United States private payrolls increased solidly in January, pointing to sustained labor market strength despite a recent easing in consumer and business confidence that has suggested a loss of momentum in the economy. The strong hiring shown in the ADP National Employment Report on Wednesday also suggested there had been minimal impact on the labor market from the just-ended 35-day partial shutdown of the federal government.

• Thursday, December 27th 2018 - 08:42 UTC

  Strong 5% rebound of Wall Street markets on pledge the Fed chief will not be ousted

  

  Wall Street marked its best day in 10 years as stocks rallied back on Wednesday, giving some post-Christmas hope to a market that has otherwise been battered this December. The Dow Jones Industrial Average jumped more than 1,000 points — its biggest point-gain ever — rising nearly 5% as investors returned from a holiday break. The benchmark S&P 500 index also gained 5% and the technology heavy Nasdaq rose 5.8%.

• Friday, October 12th 2018 - 08:54 UTC

  Volatile session in US markets with indexes continuing the several sessions slide

  

  Wall Street indexes continued their slide in Thursday’s volatile session as investors worried about rising interest rates and braced for a trade war hit to corporate earnings a day ahead of the quarterly reporting season kickoff.

• Thursday, October 11th 2018 - 09:08 UTC

  US markets suffer their sharpest one-day fall: fears of interest rates, inflation and trade tensions

  

  United States share markets suffered on Wednesday their sharpest one-day falls in months, as fears about rising interest rates, inflation, trade tensions intensified. The tech-heavy Nasdaq led the declines, sliding 4%, or 315.9 points, to 7,422. The Dow Jones and S&P 500 also fell by more than 3%, with losses accelerating towards the end of the day. Netflix fell 8%, while Amazon slid 6%.