Finance

Ben Stansall | AFP | Getty Images The financial offices of banks, including JPMorgan Chase, Citi, HSBC, and other institutions in the financial district of Canary Wharf, are pictured from Greenwich Park in London on January 17, 2017. Pedigrees, some stretching back centuries, are of little use to global banks …

Drew Angerer | Getty Images Traders and financial professionals work ahead of the closing bell on the floor on the New York Stock Exchange (NYSE), October 26, 2018 in New York City.  October has been a jarring month for U.S. stocks. But one strategist is calling a bottom and says …

Paul Marotta | Getty Images Facebook founder and CEO Mark Zuckerberg received an Honorary Doctor of Laws Degree from Harvard University at its 2017 366th Commencement Exercises on May 25, 2017 in Cambridge, Massachusetts. Facebook’s stock jumped before the opening bell Wednesday after the social media giant reported earnings that …

Energy expert John Kilduff sees an unusual phenomenon affecting crude oil and beaten-down stocks. According to the Again Capital founding partner, oil and stocks have embarked on the closest trading relationship since early 2016 and during the financial crisis sell-off. “This has been the highest correlation that I’ve seen in …

Getty Images Federal Reserve Chair Janet Yellen speaks during a news conference December 13, 2017 in Washington, DC. Yellen announced that the Federal Reserve is raising the interest rates by a quarter point to 1.5%. Former Federal Reserve Chair Janet Yellen said Tuesday more interest rate hikes are needed in …

That hard line prompted many countries to scale back purchases quickly, said Richard Nephew, the lead sanctions expert for the U.S. delegation that negotiated the Iran nuclear deal. Nephew had originally expected the sanctions to shrink Iran’s exports by about 600,000 bpd. Nephew says many of the “easy barrels” have …

AFP Contributor | AFP | Getty Images China’s President Xi Jinping (L) and US President Donald Trump attend a welcome ceremony at the Great Hall of the People in Beijing on November 9, 2017.  The United States is preparing new tariffs against all remaining Chinese imports if trade talks between …

Qilai Shen | Bloomberg | Getty Images U.S. 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. Trade tensions have been escalating between the U.S. and China, with each …

Andrew Harrer | Bloomberg | Getty Images Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., Sept. 26, 2018.  The effective Federal Funds rate (the rate set by the Federal Reserve which is what banks …

The “Options Action” traders share three options trading strategies to kick off the week. Mike Khouw and Carter Worth recommend a call spread risk reversal in Apple Dan Nathan recommends a call calendar in Facebook Mike Khouw recommends a put spread in the S&P 500 ETF Trader disclosure: Mike Khouw …