EU News Digest Latest News & Updates
Shares of U.S. small-cap companies officially entered bear market territory Monday. The names are the most sensitive to fluctuations in the economy and market sentiment because of their small size, and could signal larger caps would soon join them. “The sell-off comes from the risk-off sentiment. Small caps are riskier …
Read More »‘Incredible’ the Fed is considering hiking interest rates again
Yuri Gripas | Bloomberg | Getty Images U.S. President Donald Trump speaks after signing bill H.R. 390, the Iraq and Syria Genocide Relief and Accountability Act of 2018, in the Oval Office of the White House in Washington, D.C., U.S., on Tuesday, Dec. 11, 2018. President Donald Trump took another shot …
Read More »Goldman shares fall again on ‘1MDB’ fund scandal
Olivia Harris | Reuters Authorities around the world, including the United States, Switzerland and Singapore have looked into anti-money laundering breaches relating to 1MDB. Goldman Sachs shares fell, plumbing new lows for 2018, as the money laundering probe involving Malaysia’s state investment fund “1MDB” took a more serious turn for …
Read More »Stocks broke key level and could aim for the year’s low
Spencer Platt | Getty Images Traders work on the floor of the New York Stock Exchange (NYSE) on November 28, 2018 in New York City. The S&P 500 could be getting ready to test a new range around the lows of the year that it reached in February — a …
Read More »Stocks could struggle after record outflows, history shows
Investors just pulled money out of stocks at a record pace and, if history is any indication, equities could struggle before recovering. Data compiled by the Lipper team at Refinitiv showed investors pulled $46.2 billion from U.S. equity mutual funds and exchange-traded funds between Dec. 5 and Dec. 12. This …
Read More »Strong retail sales push growth forecasts to 3 percent for fourth quarter, even with slowdown scare
Stephanie Keith | Reuters People shop during a Black Friday sales event at Macy’s flagship store on 34th St. in New York City, November 22, 2018. Strong consumer spending is giving a boost to fourth-quarter GDP growth, pushing it up to 3 percent, according to a survey of economists. Economists, …
Read More »JNJ oversold on asbestos fears; legal costs manageable, analyst says
Justin Sullivan | Getty Images In this photo illustration, a container of Johnson’s baby powder made by Johnson and Johnson sits on a table in San Francisco, California. The plunge in Johnson & Johnson’s stock price following a report suggesting the company knew about asbestos in its baby powder is …
Read More »Stocks of planes, trains and package delivery firms getting crushed
Transportation stocks have hit the skids and are looking worse than the broader market, a trend that needs to reverse for stocks to stabilize. The Dow Transports have lost 15 percent since Oct. 1, 6 percentage points worse than the S&P 500, and they show no sign of improving. The …
Read More »Stocks making the biggest moves after hours: Costco, Starbucks and more
Daniel Acker | Bloomberg | Getty Images A woman shops at a Costco Wholesale Corp. store in East Peoria, Illinois. Check out the companies making headlines after the bell: Costco shares fell 3 percent after the market close after reporting disappointing quarterly earnings and revenue. The company reported $34.31 billion …
Read More »Goldman says U.S.-China not likely to reach trade deal by March and more tariffs are coming
Jim Watson | AFP | Getty Images President Donald Trump (L) and Chinese President Xi Jinping walk together at the Mar-a-Lago estate in West Palm Beach, Florida, April 7, 2017. Goldman Sachs economists said it’s more likely than not that U.S.-China trade negotiators will not reach a deal in time …
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