A rally by Alphabet and Amazon powered the S&P 500 to another record intraday high on Friday. Fred Katayama reports.
Read more
Friday, July 29, 2016
S&P hits another high but analyst cautious on outlook
Eric Weigand of U.S. Bank tells Fred Katayama investors need to see solid earnings growth to justify stock valuations.
Read more
Read more
Chevron, Exxon Mobil disappoint on earnings
Chevron posted largest quarterly loss since 2001 and Exxon Mobil profit missed expectations. Fred Katayama reports.
Read more
Read more
Breakingviews: A NetSuite deal
Robert Cyran tells Richard Beales why the biggest winner in Oracle's $9 bln NetSuite deal may be Larry Ellison, the executive chairman of the buyer and biggest shareholder of the target.
Read more
Read more
UK property purchases plunge post-Brexit
London-based estate agent Foxtons is blaming a 42 percent drop in profit on Britain's EU referendum. But as Laura Frykberg explains, the weak pound means luxury properties are still managing to attract interest.
Read more
Read more
U.S. economy grows at 1.2 percent in Q2
Second quarter GDP grew at a lower-than-expected pace of 1.2 percent, despite strong consumer spending. Bobbi Rebell reports.
Read more
Read more
Amazon, Alphabet deliver on earnings; Wall St mixed
Tech titans Amazon and Alphabet reported strong earnings results after the close on Thursday. Stocks were mostly higher in the regular trading session. Bobbi Rebell reports.
Read more
Read more
UK consumer morale lowest for 26 years
Britain sees the biggest fall in consumer confidence since 1990 following the country's decision to leave the EU. Hayley Platt reports on growing worries about the country's economic outlook.
Read more
Read more
Thursday, July 28, 2016
Hennion & Walsh's Mahn: more upside for stocks
Kevin Mahn, Chief Investment Offier and Hennion and Walsh talks with Bobbi Rebell about why he believes stocks could go past recent record highs, and shares his take on Facebook's recent results.
Read more
Read more
Ford calls an end to the great U.S. auto revival
Ford Motor warns the best is over for U.S. auto sales after the No. 2 U.S. automaker missed quarterly profit forecasts.
Read more
Read more
Oracle buys NetSuite in $9.3 bln deal
Oracle buys NetSuite in a deal valued at about $9.3 billion to expand into the fast-growing cloud market. Bobbi Rebell reports.
Read more
Read more
Samsung soars with $7bln dollar earnings
Samsung posts its best profits in over two years, powered by sales of its flagship smartphones the Galaxy S7 and S7 Edge. Ryan Brooks reports.
Read more
Read more
Brexit: euro zone resists Britain's pain
The aftershocks of Britain's Brexit referendum are running through British jobs and consumer confidence. But not in the euro zone, where the economy is proving surprisingly resilient to the UK's decision to leave the EU. Laura Frykberg reports.
Read more
Read more
Ford's profit skids
The automaker now sees sales falling in the U.S. in the second half, noting that the economy was "maturing." Fred Katayama reports.
Read more
Read more
Breakingviews: Wrapping up the DNC
Gina Chon and Rob Cox discuss the last day of the Democratic Party's powwow in Philadelphia and Mike Bloomberg's successful skewering of Donald Trump's business performance.
Read more
Read more
Taiwan's temple factory
A factory in Taiwan could be the answer to a prayer, building ready-made temples which can be delivered to customers in just weeks. Paul Chapman reports.
Read more
Read more
Kevin O'Leary on why he believes the Fed made a mistake
Kevin O'Leary, Chairman of O'Shares Investments talks with Bobbi Rebell about the Fed's decision not to raise interest rates following the central bank's two-day meeting- and what they should have done.
Read more
Read more
Wednesday, July 27, 2016
Fed keeps rates unchanged
The Federal Reserve left interest rates unchanged, but opened the door for hikes later this year. Bobbi Rebell reports.
Read more
Read more
Facebook stellar earnings; Mixed markets after Fed
Facebook impressed Wall Street with much better-than-expected results. U.S. financial markets were mixed after the Fed's two-day meeting. Bobbi Rebell reports.
Read more
Read more
Martha Stewart's insider trading pal returns
Sam Waksal, the former CEO whose insider trading tips helped put Martha Stewart in jail, is behind a biotech IPO that's plunging on its first day.
Read more
Read more
Tesla's mammoth "Gigafactory"
Tesla Motors unveiled its $5 billion battery plan in the desert of Nevada that will support a future of electric cars. Joe White reports.
Read more
Read more
Breakingviews: Spotlight on trade
The third day of the Democratic National Convention in Philadelphia has turned into a competition for who can best bash global trade deals. Our columnists on the ground discuss.
Read more
Read more
More woes for Europe's air industry
Air France-KLM joins other European airlines in warning of the impact of recent militant attacks and political uncertainty, while Airbus takes a 1.4 billion euro hit over its troubled A400M troop plane and A350 jetliner. Laura Frykberg reports on a sector under pressure.
Read more
Read more
UK, euro zone data defies Brexit doom
Better-than-expected UK GDP and upbeat consumer confidence data from Europe could suggest the full impact of Britain's Brexit vote hasn't hit the economy, at least not yet. The latest numbers come as UK PM Theresa May takes her case for a Brexit deal to Italy. David Pollard reports.
Read more
Read more
VW clears US buyback hurdle
VW's $15 billion settlement of its U.S. diesel emissions cheating scandal clears another legal hurdle as a federal judge gives the automaker preliminary approval to buy back up to 475,000 vehicles. Hayley Platt reports.
Read more
Read more
Coke's revenue drops
Coca-Cola's revenue fell for the fifth straight quarter, and the beverage giant cut its outlook for organic revenue growth. Fred Katayama reports.
Read more
Read more
Deutsche Bank says deeper cuts possible
Just days before the latest European banking stress test results are published, analysts are on high alert for any signs of impending crisis in the sector as Deutsche Bank publishes its latest earnings. But, as Laura Frykberg reports, markets also warm to Santander's profit figures.
Read more
Read more
iPhone dialling wrong numbers in China?
Apple's revenue falls 33% inChina, meaning the country is no longer its number two market, and Tim Cook's company has a big task ahead if it wants to claw back market share. Ryan Brooks reports.
Read more
Read more
Nintendo $50 million down, but not out
A $50 million loss may take the shine off the launch of Pokemon Go, but it's not all bad for Nintendo. This round of quarterly earnings didn't include any profits from the hit app, and in general, analysts are confident there will be good news to come next time around. Ryan Brooks reports.
Read more
Read more
Apple impresses, Twitter disappoints
U.S. stocks were mixed as Federal Reserve kicked off a two-day interest rate meeting and investors digested earnings. Bobbi Rebell reports.
Read more
Read more
Tuesday, July 26, 2016
Vespula's Jeff Tomasulo on why he's skeptical on the markets
Jeff Tomasulo, CEO of Vespula Capital talks with Bobbi Rebell about why he is concerned about a lack of fear from investors, and what to watch from this week's Fed meeting.
Read more
Read more
Housing on the rise
Americans are buying new homes at the highest rate in eight-and-a-half years. And sales of existing homes reached the highest monthly level since 2007. Bobbi Rebell reports.
Read more
Read more
Breakingviews: Bloomberg's wet kiss
The former New York City mayor will endorse Hillary Clinton for president at the Democratic convention. Rob Cox and Antony Currie discuss if this is a double-edged sword for the candidate.
Read more
Read more
More room for home sales gains
New home sales rose to an 8-and-a-half year high in June. Economist Steve Blitz of M Science tells Reuters' Fred Katayama that it could rise to a 750,000 unit pace.
Read more
Read more
AB InBev raises SABMiller offer
Anheuser-Busch InBev raises its $100 billion-plus bid for rival brewer SABMiller after a slide in the value of the pound following the Brexit vote made the offer less attractive for many investors, threatening to derail the deal. Grace Pascoe reports.
Read more
Read more
McDonald's sales slows
The world's largest restaurant operator said it faced "softening industry growth" in the latest quarter. As Fred Katayama reports, its same store sales widely missed expectations.
Read more
Read more
Brexit rewrites UK budget rules
Britain could borrow nearly £65 billion more than planned in the next couple of years as new finance minister Philip Hammond seeks to 'reset' government budget policy to ease the shock of last month's vote to leave the European Union. Jo Webster reports.
Read more
Read more
UK set to be Amazon drone zone?
Amazon says it has entered into a partnership with the British government to speed up the process for allowing small drones to makes deliveries. Grace Pascoe reports.
Read more
Read more
RBS gives negative rates warning
RBS and NatWest could start charging business customers for holding bank deposits if UK base rates fall below zero, a move that would represent the first time negative interest rates are levied in the UK. As David Pollard reports, the news comes amid expectations of a rate cut at next week's Bank of England policy meeting.
Read more
Read more
Wall St. declines as earnings take center stage
U.S. stocks receded from record highs on Monday as oil weighed on energy shares and investors awaited an avalanche of quarterly reports. Bobbi Rebell reports.
Read more
Read more
Monday, July 25, 2016
Meredian's Corpina on the markets and the Fed
A day ahead of the Fed policy makers meeting, Jonathan Corpina talks with Bobbi Rebell from the NYSE about the U.S. financial markets and investor expectations.
Read more
Read more
Breakingviews: Internet 1.0 redux
Breakingviews columnists explain that telecom giant Verizon's $4.8 bln Yahoo purchase and last year's AOL deal leave it backing also-rans in a market dominated by Google and Facebook.
Read more
Read more
Redbox owner going private
Outerwall, the owner of Redbox video rental kiosks and Coinstar machines, is going private in a $1.6 billion deal. Bobbi Rebell reports.
Read more
Read more
Ericsson ousts CEO Vestberg, shares soar
Sweden's Ericsson is parting company with its chief executive Hans Vestberg, a move led by major shareholders after a series of disappointing results. Grace Pascoe reports.
Read more
Read more
William Hill poker-faced on merger deal
Two's company, three's not necessarily good for us, says William Hill in response to a push by its peers, 888 and Rank for a three-way deal to create a new UK gambling powerhouse. Laura Frykberg reports. British bookmaker William Hill says it's not sure a three-way merger with 888 Holdings and Rank Group is a sure bet. Laura Frykberg reports.
Read more
Read more
Verizon buys Yahoo's web assets
The telecom giant is paying $4.8 billion in cash for the core Internet assets and advertising technology of the beleaguered Internet pioneer. Fred Katayama reports.
Read more
Read more
G20 leaders hold first meeting since Brexit vote
Leaders from the world's biggest economies are set to renew their commitments to back global growth amid post-Brexit vote uncertainty.
Read more
Read more
Brexit clouds in Ryanair's blue skies?
Record profits are on the horizon, according to budget carrier Ryanair. But so too could be Brexit storm clouds which, says the airline, could yet mean it will have to revise down its outlook. Hayley Platt reports.
Read more
Read more
Saturday, July 23, 2016
Verizon is a front-runner in Yahoo auction
Yahoo is focusing on Verizon as the potential buyer of its core business. Bobbi Rebell reports.
Read more
Read more
Friday, July 22, 2016
Recon's Kelly on why the stock market is not overvalued
Recon Capital Chief Investment Officer Kevin Kelly talks with Bobbi Rebell about the markets, and where he sees the best returns.
Read more
Read more
Fourth straight week of gains on Wall St.
Stocks finished the week strong with the S&P 500 closing at a new record high, despite earnings reports from GE and Honeywell that disappointed investors. Bobbi Rebell reports.
Read more
Read more
Facebook drone's first test flight
The social media company says its solar-powered drone successfully completed its first test flight. But as Fred Katayama reports, some developing countries have concerns.
Read more
Read more
Trump's ironic non-effect on Wall Street
Donald Trump has said a lot of things that, were he a sitting U.S. president instead of a candidate for the job, could be expected to roil financial markets, so far his rhetoric is not inspiring buying or selling.
Read more
Read more
IMF's Lagarde to stand trial in Tapie case
France's highest appeals court has ruled that International Monetary Fund chief Christine Lagarde must stand trial for her role in a $400 millionstate payout in 2008 to businessman Bernard Tapie. Kate King reports.
Read more
Read more
Verizon wants Yahoo's ad technology says analyst
Sources say Verizon has emerged as the front runner in the auction for Yahoo's core web business. Buckingham's James Ratcliffe says Verizon wants Yahoo's ad platform.
Read more
Read more
Bloc's support for EU membership surges
Support for the European Union has surged to multi-year highs in the bloc’s biggest countries following Britain’s decision to leave the EU, according to an IFOP survey. As Kate King reports it’s a blow to Eurosceptic parties who were hoping to see their own countries follow suit.
Read more
Read more
Breakingviews: Fox News loses its head
Boss Roger Ailes is out after sexual harassment allegations. Antony Currie and Jennifer Saba explain how owner Rupert Murdoch and his sons can turn an ugly situation to their advantage.
Read more
Read more
Pokemon GO goes to Japan
Nintendo's Pokemon GO mobile game has launched in Japan bringing the record-setting global hit to the home of the Pokemon characters. Paul Chapman reports.
Read more
Read more
Murdoch takes over as Fox News chief resigns
Roger Ailes, who built Fox News into a money-making ratings powerhouse, has resigned following allegations of sexual harassment, and his replacement: no one else but his boss Rupert Murdoch.
Read more
Read more
Thursday, July 21, 2016
Stocks break winning streak
Wall Street cooled off on Thursday after some disappointing earnings reports from companies, including Intel. Bobbi Rebell reports.
Read more
Read more
Cirrus Wealth's Joe Heider on election impact on stocks
Joe Heider, President of Cirrus Wealth Management talks with Bobbi Rebell about the financial markets, and how the U.S. election will impact them.
Read more
Read more
U.S. regulators sue to block health insurance mergers
U.S. antitrust watchdog sues to block two separate health insurance mergers Anthem's purchase of Cigna and Aetna's acquisition of Humana. Bobbi Rebel reports.
Read more
Read more
Visa backs refugee athletes in Games
The credit card company became the first corporate sponsor of the Olympics' refugee team. But as Jane Lee reports, using refugees in ads is controversial.
Read more
Read more
Health insurers ready to fight to unblock mergers
The U.S. Justice Department sued to block two health insurance mega mergers between Anthem and Cigna, along with Aetna and Humana, but the companies vowed to fight to complete their combinations.
Read more
Read more
Breakingviews: Parsing Trumponomics
Lanhee Chen, a Hoover Institution fellow and former policy adviser to Mitt Romney, talks to Rob Cox and Gina Chon about trying to find substance on economics at the RNC.
Read more
Read more
Tesla's ambitious "master plan"
Tesla plans to go beyond electric cars by producing electric pickups, commercial trucks and public buses. But CEO Elon Musk didn't reveal financial details. Fred Katayama reports.
Read more
Read more
ECB holds fire - for now
The European Central Bank leaves interest rates unchanged as expected, holding them at record lows as it seeks to revive growth and inflation with cheap credit to the economy. David Pollard reports.
Read more
Read more
Security concerns stall travel stocks
Britain's easyJet says trading prospects are so uncertain it can't give a profits forecast, and Lufthansa cuts its full-year target. As Kate King reports, security concerns, Brexit fears and currency moves could be pushing the travel and tourist sector to stall point.
Read more
Read more
Lynch goes after 'Wolf' producer
Attorney General Loretta Lynch announces a lawsuit to seize over $1 billion illegally siphoned from a Malaysian public fund into assets in the U.S., including the production company that made Leonardo DiCaprio's film 'The Wolf of Wall Street.'
Read more
Read more
Wednesday, July 20, 2016
DOJ sues to seize assets tied to Malaysian state fund
U.S. Justice Department seeks to recover more than $1 billion worth of assets linked to a conspiracy to launder funds taken from 1Malaysia Development Bhd (1MDB) fund. Bobbi Rebell reports.
Read more
Read more
Nick Colas' warning about misjudging record highs
Nick Colas, chief market strategist at Convergex talks with Bobbi Rebell about the record setting U.S. stock markets, why why common assumptions may be wrong.
Read more
Read more
Microsoft helps Wall St. to another record high
S&P 500 and Dow set fresh records pushed by strong results from Microsoft. Soren Larson reports.
Read more
Read more
Breakingviews: Wall Street and GOP
SkyBridge Capital boss Anthony Scaramucci talks to Jeffrey Goldfarb at the Republican National Convention about what a potential Trump presidency would mean for the economy and markets.
Read more
Read more
Lira falls as Turkey purge deepens
Turkey's currency, the lira, comes under new pressure as markets react to the gathering momentum of President Erdogan's purge: 50,000 soldiers, civil servants and officials suspended or detained since last week's abortive coup. Kate King reports.
Read more
Read more
UK jobless rate falls, insecurity up
UK unemployment was at an eleven-year low in May, according to official readings - but a new survey taken since Britain's Brexit vote shows the outlook among UK householders is tumbling. Kate King reports.
Read more
Read more
Profit drops at Morgan Stanley
Quarterly revenue at the investment bank fell in each of its main businesses. But the results easily beat Wall Street's lowered targets. Fred Katayama reports.
Read more
Read more
Brexit vote hits euro zone consumers too
Along with new data showing German investors at their most anxious in nearly four years, euro zone flash consumer confidence numbers show further signs of Brexit damage to European economic sentiment. David Pollard reports.
Read more
Read more
Tuesday, July 19, 2016
Dow notches eights day of gains; Microsoft beats
The S&P 500 pulled back from record highs, while the Dow edged up for an eighth straight day of gains. Bobbi Rebell reports.
Read more
Read more
Three U.S. states sue Volkswagen
Three U.S. states file civil lawsuits against Volkswagen claiming the company's senior executives covered up evidence in emission cheating scandal. Bobbi Rebell reports.
Read more
Read more
Goldman's profit soars
Quarterly revenue fell, but the investment bank managed to boost its earnings through huge cost cuts. Fred Katayama reports.
Read more
Read more
IMF blame forecast cut on Brexit
The International Monetary Fund cuts its global growth forecasts for the next two years, citing uncertainty over Britain's looming exit from the European Union. Grace Pascoe reports.
Read more
Read more
Wells Fargo's Manley: Focus on financials for value
John Manley, Chief Equity Strategist at Wells Fargo Funds Management talks with Bobbi Rebell about earnings, and why he sees value in financial stocks.
Read more
Read more
Deadlock greets Spain's new parliament
Spain's new parliament convenes after the June 26 general election, but absent from the chamber will be either a parliamentary majority or a working cross-party agreement. As David Pollard reports, the political deadlock raises new questions over a fragile economic recovery.
Read more
Read more
Breakingviews: Goldman axe
A merely modest second quarter could augur more cost cutting for Goldman Sachs. Antony Currie and Jeffrey Goldfarb tick through the bank's results and options.
Read more
Read more
Up and up for global share markets?
European shares slip on earnings updates but the rise of global stocks has appeared unstoppable in recent weeks - the S&P 500 nudging a new record high on Monday. Can it go on? David Pollard reports.
Read more
Read more
Novartis launches big pharma Q2 earnings
The first of the big pharmas reveal Q2 earnings, with Novartis warning its profits may decline as it spends more on marketing. As Hayley Platt reports, pharma has benefitted as a defensive sector post-Brexit but still faces big challenges.
Read more
Read more
New record highs on Wall St.
The Dow and S&P hit new closing highs. Netflix misses subscriber growth expectations. Bobbi Rebell reports.
Read more
Read more
Monday, July 18, 2016
U.S., China labor groups hook up
American and Chinese workers at Wal-Mart are working together in a rare collaboration to fight work schedule changes and low wages, Reuters has learned. Fred Katayama reports.
Read more
Read more
Urban Outfitters says "IDK NOT TRUMP THO"
Urban Outfitters makes political statement with a new slogan "IDK NOT TRUMP THO" on its t-shirts. Bobbi Rebell reports.
Read more
Read more
SoftBank extends hand to ARM
Japanese tech giant Softbank places a $32 billion bet on UK chip designer ARM, with a purchase offer that puts a 43 per cent premium on ARM's last share price. As Grace Pascoe reports, the deal would be Softbank's largest ever.
Read more
Read more
Breakingviews: SoftBank, ARM and a leg
The Japanese tech and telecom titan run by Masayoshi Son is paying $32 bln for UK chipmaker ARM. Rob Cyran and Jeffrey Goldfarb break down the logic and the exorbitant price.
Read more
Read more
France tourism recoils after Nice attack
France - the world's most-visited country - takes stock of the economic damage done by yet another massive blow to its vital tourist sector after last week's truck attack on the French Riviera. David Pollard reports.
Read more
Read more
Profit drops at Bank of America
Quarterly profit at the U.S.' second largest bank sank as low lending rates pulled down interest income. Fred Katayama reports.
Read more
Read more
Wall Street rally fades
The Dow managed to close at another record high, but disappointing bank earnings helped kill the stocks rally. Fred Katayama reports that stock index futures fell after hours.
Read more
Read more
Turkey: could you, should you invest?
Markets edge back into the Turkish lira as Turkey's President Erdogan tightens his grip on power after Friday's failed coup attempt. But, as Hayley Platt reports, the recent events pose fundamental questions over an already fragile economy.
Read more
Read more
Saturday, July 16, 2016
Yields will remain low so look to dividend stocks.
Anticipated central bank actions will keep yields low, says Kristina Hooper of Allianz Global Investors.
Read more
Read more
Nice attack didn't sink the markets
Investors have become desensitized to horrific events like the attack in Nice, France, says Ken Kamen of Meracadien Asset Management
Read more
Read more
Friday, July 15, 2016
Swiss Swatch winding up investors
Swatch Group says its first-half profit will slide 50-60 percent on dwindling sales in Hong Kong and Europe. Grace Pascoe reports.
Read more
Read more
Profit falls at Citi, Wells Fargo
Quarterly profit fell at two more of the U.S.' biggest banks amid a low interest rate environment. Fred Katayama reports.
Read more
Read more
France attack hits European shares
European stock markets are knocked off balance after an attack in the French city of Nice kills more than 80 people. As David Pollard reports, shares of travel and leisure companies are the hardest hit.
Read more
Read more
Wall Street sets another record
A rally in financial stocks helped lift the Dow and S&P 500 to record highs. JPMorgan Chase's strong earnings spurred financial stocks. Fred Katayama reports.
Read more
Read more
Size the prize for new debut at UK airshow
Two new planes debut at this year's Farnborough Airshow, but they're not your average commercial jetliners. Hayley Platt looks at Bombardier's C-Series CS100 with its wider seats and Russia's Sukhoi's SportsJet - the world's first aircraft designed for professional sports team travel.
Read more
Read more
Thursday, July 14, 2016
Line soars on debut
The Japanese messenger app operator's shares rose as much as 36 percent, valuing the company at more than $9 billion. As Fred Katayama reports, it's the year's top tech IPO.
Read more
Read more
Breakingviews: JPMorgan jump-off
The mega-bank kicked off results season with solid numbers but only earned its cost of capital. Antony Currie and Jeffrey Goldfarb discuss the implications.
Read more
Read more
EU opens third probe against Google
The European Commission says Alphabet's Google is abusing its dominant position and blocking advertisements from rivals. Fred Katayama reports.
Read more
Read more
BoE surprises - with no cut
The Bank of England has kept interest rates unchanged, wrong-footing many investors who expected the first cut in more than seven years to cushion the impact of last month's vote to leave the European Union. But, as David Pollard reports, the Bank also gave a strong signal that monetary easing will come in August.
Read more
Read more
Can UK's Hammond handle the heat?
Britain's new finance minister, Philip Hammond, says he will do whatever is necessary to restore confidence in the economy after the Brexit vote and suggest a softer approach to bringing down the country's budget deficit. Sonia Legg reports.
Read more
Read more
Wednesday, July 13, 2016
Wall Street rally peters out
Stocks couldn't hold onto early gains, but the S&P 500 and Dow managed to end at fresh record highs. Fred Katayama reports.
Read more
Read more
Markets shrug off Brexit blues, UK rate cut looms
Stock markets have traded within sight of their highest levels this year as the prospect of stimulative economic policy across the developed world eased immediate concern over Britain's vote to leave the European Union. David Pollard reports.
Read more
Read more
U.S. bank exodus hurts Belize
Carribean countries get cut off from the international banking system as U.S. banks pull out due to tighter controls and risk aversion. Colette Luke reports.
Read more
Read more
Oil glut threatens crude prices
Huge overhang from the past two years could be dampening oil price recovery, according to the International Energy Agency. Fred Katayama reports.
Read more
Read more
Stocks will face two headwinds: earnings and Trump
Stocks have been staging a Brexit relief rally, but they'll soon face headwinds with corporate earnings and Donald Trump's presidential run, says Ross Gerber of Gerber Kawasaki.
Read more
Read more
Breakingviews: Wall Street cut and thrust
Bank profits improved in the second quarter. But Martin Langfield and Antony Currie explain that lenders need to slash more expenses and harness technology better to earn decent returns.
Read more
Read more
Greeks innovate to survive financial woes
Eight years of a crippling recession and dwindling work prospects has compelled at least some Greeks to reboot, switch professions and innovate to survive. Hayley Platt reports.
Read more
Read more
Fiat Chrysler offers bug bounty
The automaker will pay up to $1500 to ethical hackers who find potential security flaws in its vehicles. Fred Katayama reports.
Read more
Read more
Burberry sees earnings boost from weak pound
Britain's Burberry says the drop in the value of the pound after the Brexit vote could boost its bottom line by 90 million pounds this year. But as Hayley Plat reports its struggling to counter weak demand for luxury goods.
Read more
Read more
Philippines stock market shines despite tensions
The Philippines stock market is outshining most other emerging markets this year, despite the country's weak economic status and involvement at the heart of the South China Sea dispute. As Tara Joseph reports, the country's tough talking new president is boosting hopes for reform.
Read more
Read more
Dow surges to record high
Investors embraced risk, pushing the Dow to a record closing high and the Nasdaq into positive territory for the first time this year. Fred Katayama reports.
Read more
Read more
Philippines stock market shines despite tension
The Philippines stock market is outshining most other emerging markets this year, despite the country's weak economic status and involvement at the heart of the South China Sea dispute. As Tara Joseph reports, the country's tough talking new president is boosting hopes for reform.
Read more
Read more
Tuesday, July 12, 2016
Economic defensive stocks drive Wall Street to record
The U.S. blue chip Dow Jones average closed in record territory along with the S&P 500, driven by gains in non-economically sensitive sectors such as utilities, consumer staples and telecoms.
Read more
Read more
Starbucks hikes prices
Coffee and espresso prices at Sturbucks go up a day after the company increased wages. Fred Katayama reports.
Read more
Read more
Risk is "bottled up" after Brexit
Volatility will enter a new regime, and risk is bottled up after Brexit, says Matthias Kuhlmey of HighTower.
Read more
Read more
Tough path ahead for UK's new leader
Markets have welcomed the stability of a new prime minister in Britain but can Theresa May be good for business with the huge challenge of Brexit negotiations ahead? David Pollard reports.
Read more
Read more
AMC to buy Odeon & UCI Cinemas
The $1.2 billion purchase will make AMC the world's largest operator of movie theaters. But as Fred Katayama reports, it comes as its other deal with Carmike Cinemas faces resistance.
Read more
Read more
'De-banking' poses risks for Caribbean economies
Reuters Correspondent Yeganeh Torbati investigates the trend of major U.S. banks cutting financial ties with small Caribbean nations like Belize, posing potentially disastrous results for their economies.
Read more
Read more
Hague rules against China in South China Sea case
Judges at an arbitration court in The Hague rule against Chinese claims of economic and historical ownership over the resource rich waters of the South China Sea. Julie Noce reports.
Read more
Read more
BoE's Carney hints again at more stimulus
Bank of England Governor Mark Carney hints at more stimulus following last month's decision by voters to leave the European Union as he addresses UK lawmakers. (ROUGH CUT ONLY - NO REPORTER NARRATION)
Read more
Read more
EU demands Brexit clarity, cuts growth
The European Commission has revised down its forecasts for growth in the euro zone and in Britain after the British vote to leave the EU. As David Pollard reports, that's a worry for finance ministers meeting in Brussels.
Read more
Read more
Planemakers shrug off economy clouds
Airbus and Boeing have raised their long-term forecasts for new aircraft demand, betting that rising wealth in Asia would continue to boost air travel and offset any short-term hits to the global economy. As Ivor Bennett reports, the world's two biggest planemakers also announced a flurry of multi-billion dollar jet deals at the biennial Farnborough Airshow in England.
Read more
Read more
Monday, July 11, 2016
S&P 500 hits record intraday high but look for volatility
With earnings expected to contract for a fourth straight quarter, the markets could be in for volatility, says S&P Global's Erin Gibbs.
Read more
Read more
Record close for S&P 500
The S&P 500 broke the record high as upbeat economic data and low bond yields funneled investors into U.S. stocks. Fred Katayama reports.
Read more
Read more
Wall Street hits record high
Investors who are feeling better about the prospects for the global economy pushed the benchmark S&P 500 index to its first record high since last year.
Read more
Read more
Pokemon adds $7.5 bln to Nintendo market value
Nintendo shares soared again in Japan on Monday, bringing market-value gains to $7.5 billion in just two days. Graham Mackay reports.
Read more
Read more
UK markets cheer selection of new PM
The emergence of a sole candidate to succeed David Cameron as British prime minister reduced political uncertainty and gave markets a boost. As Sonia Legg reports, UK shares and, briefly, sterling gained after interior minister Theresa May's only rival withdrew.
Read more
Read more
Wal-Mart steps up its game against Amazon
Wal-Mart is offering free shipping with no minimum on all online orders to compete with Amazon's "Prime Day." Fred Katayama reports.
Read more
Read more
Brexit vote dampens UK spending
British consumer spending fell last month, the business outlook darkened by the most in four years and economic activity in London slowed sharply, according to three reports which showed the vote to leave the European Union starting to take a toll. Hayley Platt reports
Read more
Read more
It's not just banks hurting Italy's economy
Italian industrial production fell more than expected in May from the month before, national statistics bureau ISTAT has reported, as the country's weak economic growth continues to stutter. As Sonia Legg reports, the health of Italy's banks is also a worry.
Read more
Read more
Friday, July 8, 2016
Chipotle's new video will lure back customers
The burrito chain released a short film Wednesday that criticizes fast food. Crisis PR expert Richard Levick tells Reuters' Fred Katayama the video shows that Chipotle has re-emerged from its food safety crisis.
Read more
Read more
Stocks end near record high on sharp hiring rebound
U.S. stocks erased all of their Brexit-induced losses and the S&P 500 is now flirting with a record high after the strongest job creation all year.
Read more
Read more
New newspaper for Brexit 'Remain' voters
At a time when it's more common for newspapers to shut down than start up, a newspaper has been launched targetting the 48% of British voters who wanted to remain in the EU. Jacob Greaves reports.
Read more
Read more
Breakingviews: Kit Kat can spoil a Hershey bid
Mondelez wants to acquire Hershey, which is playing hard-to-get. But as Breakingviews columnists discuss, there's a third player in the mix.
Read more
Read more
U.S. hiring snaps back to life
U.S. hiring rebounded in June with 287,000 new jobs created, erasing fears of an economic slowdown.
Read more
Read more
German export plunge raises new doubts
A sharp and unexpected plunge in German exports gives a further signal that weak demand is dragging on Europe's largest economy. And, as David Pollard reports, the latest ECB minutes talk of the risk of a 'significant' impact on the euro zone from Britain's Brexit vote.
Read more
Read more
UK consumer morale takes Brexit dive
A post-referendum survey shows British consumer morale suffered its biggest drop in more than five years after last month's decision to leave the European Union. But, as Laura Frykberg reports, the hunt for new bilateral trade deals is getting underway - with a visit by UK business secretary Sajid Javid to India.
Read more
Read more
Stocks brace for jobs report
Stocks had a split session a day ahead of the monthly jobs report. Oil fell dragging down energy shares. Bobbi Rebell reports.
Read more
Read more
Thursday, July 7, 2016
Russell Investments' Stephen Wood talks markets, jobs
Stephen Wood, Chief Market Strategist at Russell Investments talks with Bobbi Rebell about today's jobs data, what to expect from Friday's jobs report, and how investors' best opportunities.
Read more
Read more
Chipotle video bashes fast food
The burrito chain slammed by disease outbreaks reminds customers of its use of fresh ingredients in a new video put out this week. Fred Katayama reports.
Read more
Read more
Breakingviews: Danone milks it
The French dairy group's agreed acquisition of soy and almond milk maker WhiteWave for $12.5 bln looks rich. Kevin Allison and Jeffrey Goldfarb chew over the deal math.
Read more
Read more
Healthier menu lifts PepsiCo's profit
PepsiCo reported a better-than-expected profit for the second quarter lifted by higher demand for healthier drinks and snacks. Bobbi Rebell reports.
Read more
Read more
Profit and protection for S.Korea's pets
South Korea aims to regulate the increasingly common ownership of pets. As Hayley Platt reports, it's a bid to to crack down on animal abuse and promote an unsupervised sector that the government sees as economic growth opportunity.
Read more
Read more
German industry disappoints (but not UK)
German industrial output plunged unexpectedly in May, posting its steepest monthly drop since August 2014. As Sonia Legg reports, the data suggests Europe's largest economy lost steam in the second quarter after its surprisingly strong start to the year.
Read more
Read more
Russia's tech drive not yet in fast lane
A Russian start-up has high hopes for its new holographic navigation system. But, as Sonia Legg reports, its struggles show Russia's aim to boost its tech sector and end its reliance on commodities is easier said than done.
Read more
Read more
UK property funds take more Brexit hits
Aberdeen Asset Management has become the 7th property investment fund to effectively suspend payouts after the Brexit vote in Britain. As David Pollard reports, there are fears more funds could follow with big implications.
Read more
Read more
Wall Street up on cautious Fed
Stocks rose on Wednesday after minutes from the Fed's most recent meeting indicated they would hold back on raising rates soon. Bobbi Rebell reports.
Read more
Read more
Wednesday, July 6, 2016
Rick Pitcairn on the markets, and the Fed's June minutes
Rick Pitcairn, Chief Investment Officer at Pitcairn talks with Bobbi Rebell about the Fed's most recent meeting's minutes as well as his market outlook and recommendations for investors.
Read more
Read more
Queen Mary 2 sails again
Iconic Queen Mary 2 goes back to service after a $132 million makeover. Bobbi Rebell reports.
Read more
Read more
France says 'bonjour' to UK bank jobs
As the British government scrambles to find a business plan in the wake of last month's Brexit vote, France has outlined new measures to attract finance jobs from London. David Pollard reports.
Read more
Read more
Scripts boost Walgreens' sales
Pharmacy sales at the U.S.' largest drug store chain rose almost 6 percent, helping lift overall revenue. As Fred Katayama reports, Walgreens was optimistic about its outlook.
Read more
Read more
Breakingviews: Sanofi's contingency plan
The French drugmaker is including a special security as part of its sweetened $10 bln offer to buy Medivation. Rob Cyran and Jeffrey Goldfarb discuss the pitfalls of this so-called CVR.
Read more
Read more
Euro zone factories get summertime blues
Strong demand from euro zone countries for German industrial goods helped to cushion a drop in domestic orders in May, but the overall lacklustre data suggested that growth in Europe's largest economy would slow in the second quarter. As David Pollard reports, there was also disappointing data from Spain.
Read more
Read more
What does Brexit mean for Africa?
Economist Jeffery Sachs says the uncertainty around Britain's decision to leave the European Union will impact development aid and investment in Africa if the exit does not take place quickly. Ivor Bennett reports
Read more
Read more
Could Italy's bank crisis be contagious?
Italy's bank shares have been plunging, shaking the financial foundations of the euro zone's third-largest economy and threatening contagion to other EU nations. As Hayley Platt reports, the crisis could also push Italy back into recession.
Read more
Read more
Chevron leads a $37 bln oil expansion
A group of oil companies led by Chevron and Kazakhstan plan a $36.8 billion plan to boost production in the Central Asian country. Bobbi Rebell reports.
Read more
Read more
Sterling sinks to new depths on Brexit anxiety
Sterling has carved out a fresh 31-year trough while the safe-haven yen soared on heightening fears of the broader impact of Britain's vote last month to exit the European Union. Tara Joseph reports
Read more
Read more
Tuesday, July 5, 2016
Stocks break winning streak
Stocks fell on Wall Street despite turning in their best weekly performance of the year last week. Bobbi Rebell reports.
Read more
Read more
Wells Fargo's Patel on the best bets in U.S. equitiies
Margie Patel, Senior Portfolio Manager at Wells Fargo Asset Management talks with Bobbi Rebell about why U.S. stocks are attractive and where the biggest gains will likely be this summer.
Read more
Read more
As Britain turns inward firms looks to Europe
Britain and the European Union are likely to take years to rewrite the rules that govern their business ties after the UK voted to leave the bloc. As Rosanna Philpott reports, one company which makes crash-test dummies can't wait that long.
Read more
Read more
Hostess to go public
The maker of Twinkies and Ding Dongs is selling a majority stake of itself, and its new owner plans to take the sugary bakery public. Fred Katayama reports.
Read more
Read more
McDonald's fries challenger in trademark case
McDonald's has won a trademark dispute with a Singapore rival as Europe's second highest court backed its claim to have exclusive rights to the use of 'Mc' or 'Mac' in trademark names for foodstuffs and beverages. Sonia Legg reports
Read more
Read more
Kyrgyzstan pins hopes on tourism
Kyrgyz officials step up efforts to raise the central Asian country's profile as a holiday destination amid a regional economic slump. Laura Frykberg reports.
Read more
Read more
Monday, July 4, 2016
European shares end post-Brexit rally
The post-Brexit recovery across European markets has stalled with major share indexes mixed and safe-haven demand for precious metals helping the price of silver surge to a near-two year high. But, as Sonia Legg reports, trading volumes were light becasue of the July 4 public holiday in the United States.
Read more
Read more
Bangladesh fears for garment industry
Japan's Fast Retailing Co, owner of Uniqlo, will suspend all but critical travel to Banglasdesh. As Hayley Platt reports, other companies are also wondering whether to pull out of the country where security concerns have escalated after an attack in the capital Dhaka.
Read more
Read more
Sunday, July 3, 2016
Candidates to lead Britain make their case
Two Conservative candidates, in contest to lead Britain after Prime Minister David Cameron leaves the office, face tough questioning by a morning TV show host. Rough Cut (no reporter narration)
Read more
Read more
Protesters demand FedEx to stop shipping shark fins
Environmental protesters in Hong Kong stage a protest calling on courier FedEx to stop transporting shark fins. Yiming Woo reports.
Read more
Read more
Stocks stage fourth day of comeback rally
Stocks moved higher on Friday racking up weekly gains of more than three percent for the major indexes. Bobbi Rebell reports.
Read more
Read more
Friday, July 1, 2016
U.S. govt investigates Tesla autopilot crash
The National Highway Traffic Safety Administration investigates a fatal accident of a Tesla Motors Model S car operating in autopilot mode. Bobbi Rebbel reports.
Read more
Read more
Moody's Hampton: PROMESA won't prevent Puerto Rico default
Moody's Investors' Service Senior Credit Officer Ted Hampton talks with Bobbi Rebell about Puerto Rico's $2 billion debt payment due Friday, and new legislation to help the island's financial crisis.
Read more
Read more
British bankers get Brexit blues
For British bankers the shock of Brexit has passed. Now the anxiety is setting in. As Julian Satterthwaite reports, city insiders say the sector is suffering from an information vacuum
Read more
Read more
Waldorf Astoria turning into condos
China's Anbang Insurance Group plans to convert as much as three-quarters of the rooms at New York's landmark Waldorf Astoria hotel into apartments. Bobbi Rebell reports.
Read more
Read more
Britain's start-up scene gets set for 'techxit'
Britain's tech start-up scene was having a bumper year. And then voters decided to leave the European Union. Now fears over immigration laws, funding and a brain drain abound. But there could also be some positives, as Reuters' Mia Reakes reports
Read more
Read more
Brexit: easyJet says no decision on HQ
EasyJet says it will not decide whether to relocate its legal headquarters until Britain's new relationship with the European Union is clear. As Grace Pascoe reports, this follows a report which said its CEO had signalled a move from the UK was almost inevitable.
Read more
Read more
Hope for markets after Brexit turmoil?
The prospect of further cuts in interest rates and bond-buying to support a fractured global economy kept stock markets on the up in Europe and Asia and drove U.S. and European government bond yields to their lowest in years. As Grace Pascoe reports, it follows signs the world's big central banks will go even easier on monetary conditions.
Read more
Read more
Breakingviews: Skullcandy investors miss a beat
A bidding war for the headphones maker won't match its 2011 IPO hype. Samantha Acriche and Kate Duguid explain why down-tempo revenue means shareholders will be singing the buyout blues.
Read more
Read more
Subscribe to:
Posts (Atom)