EU News Digest Latest News & Updates
Qilai Shen | Bloomberg | Getty Images President Donald Trump, left, and Xi Jinping, China’s president, shake hands during a news conference at the Great Hall of the People in Beijing, China, on Thursday, Nov. 9, 2017. President Donald Trump could push for a compromise on trade with China at …
Read More »SEC wants key upgrades in crypto markets before approving bitcoin ETF
Zach Gibson | Bloomberg | Getty Images Jay Clayton, chairman of U.S. Securities and Exchange Commission Cryptocurrency enthusiasts have been eagerly awaiting the approval of what would be the first-ever bitcoin exchange-traded fund, or ETF. But the man largely behind greenlighting one — Securities and Exchange Commission Chairman Jay Clayton …
Read More »Deutsche Bank reportedly considers ousting two senior managers
Kai Pfaffenbach | Reuters Christian Sewing, CEO of Germany’s Deutsche Bank, addresses the audience during the bank’s annual meeting in Frankfurt, Germany, May 24, 2018. Deutsche Bank, the troubled German financial institution, is mulling the ouster of a pair of key executives, according to Dow Jones. Sylvie Matherat, the bank’s …
Read More »Trump, GOP have ‘completely neglected’ banking oversight
David A. Grogan | CNBC Congresswoman Maxine Waters speaking at the CNBC Capital Exchange event in Washington, D.C. on July 25th, 2018. Republicans and President Donald Trump have failed to scrutinize the financial services industry, and that needs to change, said Rep. Maxine Waters, D-Calif. “For the last two years, …
Read More »Stocks usually bounce from Thanksgiving to Christmas
Stocks have been getting pummeled lately but they could recover some of those losses over the next month, if market history is any indication. The Dow Jones Industrial Average, S&P 500, Nasdaq 100 and Russell 2000 indexes all typically climb between Thanksgiving and Christmas Eve, according to data from Kensho. …
Read More »Treasury yields higher as Wall Street volatility fades
Drew Angerer | Getty Images Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the opening bell, October 25, 2018 in New York City. Investors will likely turn attention to political news this week, as the G20 summit kicks off in Argentina and …
Read More »LA Dodgers linked to $20 billion plan to stabilize big insurers: WSJ
Damian Dovarganes New owners of the Los Angeles Dodgers, from left, Robert Patton, Stan Kasten, Mark Walter, Earvin “Magic’ Johnson,” Peter Guber, and Todd Boehly pose for a photo at Dodger Stadium in Los Angeles on Wednesday, May 2, 2012. The $2 billion sale of the team to Guggenheim Baseball …
Read More »Trump’s quest to drive down oil prices turns the screw on American drillers
President Donald Trump is rooting for oil prices to fall even further after a stunning plunge over the last seven weeks. The U.S. oil and gas industry, a pillar of Trump’s political base, is likely less enthusiastic. This year’s oil prices rally has swiftly collapsed as fears of potential oil …
Read More »Hedge funds are in a ‘vicious downward cycle’ as their favorite stocks trail
Drew Angerer | Getty Images Information about Facebook stock shares is displayed on a monitor as traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) at the closing bell, November 19, 2018 in New York City. A collection of hedge funds’ favorite stock picks …
Read More »Foot Locker, Autodesk and more
Patrick T. Fallon | Bloomberg | Getty Images Customers walk with Foot Locker shopping bags on the Third Street Promenade in Santa Monica, California. Check out the companies making headlines after the bell: Shares of Autodesk rose over 9 percent during the extended session Tuesday. The software design company reported …
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