Tag: Wall Street

• Wednesday, April 22nd 2020 - 07:36 UTC

  Booming sales for hand soaps and detergents boost Proctor & Gamble profits

  

  Procter & Gamble Co beat Wall Street expectations for quarterly profit on Friday as it reported its best U.S. sales growth in decades thanks to consumers stockpiling cleaning essentials in lockdowns against the coronavirus.

• Tuesday, April 7th 2020 - 07:53 UTC

  US markets bullish response to Trump's “Light at the end of the tunnel”

  

  Hopes that the economy-crushing coronavirus pandemic might be easing sent Wall Street climbing sharply on Monday with all three main indices higher at the close of trading.

• Wednesday, April 1st 2020 - 07:45 UTC

  Wall Street markets tumbled on Tuesday: Dow with its biggest quarterly decline since 1987

  

  Wall Street’s three major indexes tumbled on Tuesday, with the Dow registering its biggest quarterly decline since 1987 and the S&P 500 suffering its deepest quarterly drop since the financial crisis on growing evidence of massive economic damage from the coronavirus pandemic.

• Friday, March 13th 2020 - 08:20 UTC

  Wall Street financial firms have most of its staff working from home

  

  Working from home went from optional to mandatory across Wall Street this week as financial firms reported their first confirmed cases of coronavirus and the outbreak triggered a state of emergency in New York City.

• Saturday, January 18th 2020 - 08:43 UTC

  Wall Street at record highs on housing data and hopes of a global rebound

  

  Wall Street climbed to record highs on Friday, with major indexes turning in their strongest weekly gains since August, after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth.

• Friday, January 17th 2020 - 10:29 UTC

  Wall Street stocks at fresh records after approval of North American trade pact

  

  Wall Street stocks surged to fresh records on Thursday after the US Senate approved a new North American trade pact, adding to the momentum from the US-China trade deal. All three major indices finished at all-time highs, with the Dow Jones Industrial Average up 267.42 points (0.92%) at 29,297.64.

• Tuesday, December 24th 2019 - 08:53 UTC

  Wall Street stocks Xmas records: Dow Jones Industrial Average reached 28,551.53

  

  Wall Street stocks finished at records again on Monday, with an executive shakeup at Boeing lifting the Dow, as a holiday-shortened week opened with a flourish. The Dow Jones Industrial Average climbed 96.44 points (0.34 percent) to finish the last full session before Christmas at 28,551.53.

• Tuesday, August 6th 2019 - 09:15 UTC

  World stock markets plunge as Beijing lets its currency to devalue and halts purchase of US farm produce

  

  World stock markets plunged on Monday as Beijing parried US President Donald Trump's latest tariff announcements by moving to let China's Yuan currency devalue and halting purchases of US agricultural products.

• 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.