Weak Morgan Stanley results, trade worries to pull Wall St. lower at open

(Reuters) – Wall Street’s main indexes were set to retreat from one-month highs on Thursday, hit by Morgan Stanley’s weak results and renewed concerns over the progress of Sino-U.S. trade talks. Shares of the Wall Street investment bank (MS.N) tumbled 4.3 percent after reporting a lower-than-expected quarterly profit as increased volatility at the end of the fourth quarter hurt its […]

Read more

Gains in Goldman, BofA drive Wall Street to four-week high

(Reuters) – Bank stocks drove Wall Street to a one-month high on Wednesday after strong earnings from Bank of America and Goldman Sachs, with a multi-billion dollar deal in the fintech sector adding to the boost. Goldman Sachs (GS.N) climbed 5.1 percent after topping quarterly revenue estimates on strength in equity trading, while Bank of America Corp (BAC.N) jumped 5.4 […]

Read more

Netflix boosts Wall Street higher; bank earnings disappoint

(Reuters) – U.S. stocks rose on Tuesday, as hopes of more stimulus for China’s slowing economy and a jump in Netflix shares helped investors look past disappointing earnings from JPMorgan and Wells Fargo. Netflix Inc (NFLX.O) jumped 6.12 percent after the video streaming service pioneer said it was raising prices for its U.S. subscribers. The price increases, ahead of the […]

Read more

Morgan Stanley Names 145 Managing Directors, Its Top Rank

Morgan Stanley named 145 additional managing directors in an annual wave of promotions to the firm’s highest rank, according to a person with knowledge of the matter. The latest class includes 39 women, roughly in line with their share in last year’s group, which included 153 people. Regionally, 61 percent of those promoted are in the Americas, with 26 percent […]

Read more

China worries weigh on Wall Street, earnings expectations fall

NEW YORK (Reuters) – U.S. stocks declined on Monday as an unexpected drop in China’s exports reignited worries of a global economic slowdown and prompted caution among investors as the corporate earnings season kicked off. Data showed that China’s exports unexpectedly fell the most in two years in December and imports also contracted. The drop pointed to further weakening of […]

Read more

Wall Street drops after China data, Citi results

(Reuters) – U.S. stocks slipped on Monday, dragged down by technology shares, after an unexpected drop in China’s exports in December fanned worries of a slowdown in global economic growth. The China trade data reinforced concerns that U.S. tariffs on Chinese goods were taking a toll on the world’s second-largest economy, prompting companies such as Apple Inc (AAPL.O) to issue […]

Read more

Wall Street set to open lower after China data, Citi results

(Reuters) – Wall Street was set to open lower on Monday, after Citigroup kicked off the earnings season on a dour note, adding to worries over a slowdown in global economic growth that resurfaced after data showed an unexpected drop in China’s trade. Citigroup Inc (C.N) fell 0.7 percent in premarket trading after reporting a surprise drop in quarterly revenue, […]

Read more
1 2 3 24