Stock futures edge higher as banks kick off earnings season

Stock-index futures point to a slightly higher start for Wall Street Tuesday as the corporate earnings reporting season gets fully under way for the third quarter and investors weigh the implications of a partial U.S.-China trade deal Futures on the Dow Jones Industrial Average YMZ19, +0.31% rose 67 points, or 0.3%, to 26,813, while S&P 500 futures ESZ19, +0.32% gained 10.25 points, […]

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‘Something has to give:’ How long can the American consumer shoulder the global economy?

If the U.S. economy is headed for a significant slowdown, nobody told the American consumer. Even as economic growth abates and business investment and confidence has faltered in the face of an ongoing U.S.-China trade dispute, the U.S. consumer has continued to spend money and reflect confidence in sentiment surveys. The latest evidence is the University of Michigan’s consumer sentiment […]

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Eroding profit margins will push U.S. into recession in 2020, leading forecaster says

Stephen Gallagher stands out among Wall Street economists because he’s one of the few willing to go on the record to forecast a recession in 2020. Also because he’s not blaming it on tweets, Trump or tariffs. The chief U.S. economist for Societe Generale also stands out because he’s just won MarketWatch’s Forecaster of the Month contest, which we designed […]

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Asian markets rise on relief over partial U.S.-China trade deal

Asian markets gained in early trading Monday as investors were heartened by Friday’s announcement of a partial trade deal between the U.S. and China. President Donald Trump in Friday announced a “very substantial phase one deal” that included intellectual-property protections and the Chinese purchase of U.S. agricultural products. There were also reports that tariff hikes against $250 billion of Chinese […]

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These early retirees bought their ‘disgusting’ house in Montana with cash and budget less than $1 a pound for food

Some may say Jillian Johnsrud has a frugal lifestyle, but, if you ask her, she’d say she’s living the dream. Johnsrud, who lives in Kalispell, Mont., with her husband and five children, has always been consistent in how she spends money: It only goes toward what she and her family value, and nothing more. The rest is invested. “When we […]

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Fed plan to buy T-Bills may open door to more stimulus

Investors have interpreted the Federal Reserve’s plan, announced Friday, to soon bolster overnight borrowing through U.S Treasury debt purchases as sending a clear message that the central bank is standing at the ready if markets go haywire. The U.S. central bank said Friday it will purchase $60 billion of short-term Treasury debt each month in an effort to ward off […]

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Fastenal’s stock rockets toward best day in 19 years after earnings beat

Shares of Fastenal Co. soared toward a record high Friday, as the industrials company managed to fend off a continued slowing in economic activity and a mysterious weakening in its local construction business to produce a third-quarter profit and sales that rose above Wall Street forecasts. The stockFAST, +16.34% shot up 15.7% in active afternoon trading, putting them on track for […]

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Dow futures jump 250 points as China No. 2 set to meet Trump in final day of trade talks

U.S. stock benchmarks Friday morning were on pace to gain for a third session in a row — which would represent the longest string of gains in October — as investors drew optimism from President Donald Trump’s offer to meet China’s top trade negotiator later in the day, lifting hopes for progress for some form of resolution in the longstanding […]

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Fed eases Dodd-Frank banking restrictions on capital requirements, ‘living wills’

WASHINGTON — The Federal Reserve is easing restrictions imposed on banks following the 2008 financial crisis, giving a victory to the banking industry and President Donald Trump. The Fed on Thursday approved a set of rule changes that implement legislation passed by Congress last year to loosen restrictions, particularly for smaller community banks, imposed by the Dodd-Frank Act passed in […]

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Fed grew more worried about economy at September meeting, minutes show

Federal Reserve officials were more worried about the U.S. economy by the time they met in mid-September, according to minutes of the central bank’s meeting released Wednesday. “Participants generally judged that downside risks to the outlook for economic activity had increased somewhat since their July meeting, particularly those stemming from trade policy uncertainty and conditions abroad,” the minutes said. There […]

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