RSS
 

Wall Street slides at open on earnings, data

27 Jan

A street sign for Wall Street hangs in front of the New York Stock ExchangeNEW YORK (Reuters) – U.S. stocks opened sharply lower on Tuesday, with Microsoft and Caterpillar shares tumbling after both posted earnings, while an unexpected decline in durable goods orders also weighed on sentiment.

Powered by WPeMatico

 
Comments Off

Posted in Entrepreneur

 

Commodities rout slows Caterpillar

27 Jan

File photo of Caterpillar construction machines in Hammond, IndianaCHICAGO (Reuters) – Caterpillar Inc on Tuesday reported lower quarterly net profit that missed expectations as lower prices for copper, coal and iron ore hurt mining equipment orders, and warned the recent fall in oil prices would make for a difficult year in 2015. The report sent the company’s shares down nearly 6 percent in premarket trading. The world’s largest maker of construction and mining equipment said it expects only a modest improvement in the global economy in 2015 and gave an earnings outlook for the year below Wall Street estimates. …

Powered by WPeMatico

 
Comments Off

Posted in Entrepreneur

 

Wall Street opens flat after Greek elections

26 Jan

A trader works on the floor of the New York Stock ExchangeNEW YORK (Reuters) – U.S. stocks opened flat on Monday after a decisive Greek election victory by the Syriza party spurred concern over fresh instability in the euro zone, though the possibility of Greece leaving the bloc was considered remote.

Powered by WPeMatico

 
Comments Off

Posted in Entrepreneur

 

Eyes on Fed after ECB, other bank stimulus moves

24 Jan

The United States Federal Reserve Board building is shown in WashingtonBy Caroline Valetkevitch NEW YORK (Reuters) – The Federal Reserve could be key for Wall Street next week as investors get to hear from the U.S. central bank for the first time since a series of moves by its global peers, including the European Central Bank’s massive stimulus plan. Thursday’s larger-than-expected stimulus package from the ECB lifted U.S. stocks, helping indexes post gains for the week after three straight weeks of losses.

Powered by WPeMatico

 
Comments Off

Posted in Entrepreneur

 

U.S. existing home sales rise in December

23 Jan

A sign marks a house for sale by the owner in the Capitol Hill neighborhood in WashingtonU.S. home resales rose slightly in December, a hopeful sign as the housing market recovery looks to pick up pace in 2015. The National Association of Realtors said on Friday existing home sales increased 2.4 percent to an annual rate of 5.04 million units last month. For all of 2014, existing home sales fell 3.1 percent to 4.93 million. The housing market has struggled to maintain momentum since stagnating in the second half of 2013 following a run-up in mortgage rates.

Powered by WPeMatico

 
Comments Off

Posted in Entrepreneur

 

Wall Street opens flat on soft earnings

23 Jan

Trader is reflected in a screen as he works on the floor of the NYSE in New YorkNEW YORK (Reuters) – U.S. stock opened little changed on Friday, as some weak corporate earnings took the steam out of a four-session winning streak.

Powered by WPeMatico

 
Comments Off

Posted in Entrepreneur

 

ECB launches last-ditch program to revive euro economy

22 Jan

The new European Central Bank (ECB) headquarters is pictured in FrankfurtBy Paul Carrel and John O’Donnell FRANKFURT (Reuters) – The European Central Bank took the ultimate policy leap on Thursday, launching a government bond-buying programme which will pump hundreds of billions of new money into a sagging euro zone economy. The ECB said it would buy government bonds from this March until the end of September 2016 despite opposition from Germany’s Bundesbank and concerns in Berlin that it could allow spendthrift countries to slacken economic reforms. Together with existing schemes to buy private debt and funnel hundreds of billions of euros in cheap loans to banks, the new quantitative easing programme will pump 60 billion euros a month into the economy, ECB President Mario Draghi said. “They are intended to be carried out until end-September 2016 and will in any case be conducted until we see a sustained adjustment in the path of inflation.” Bonds will be bought on the secondary market in proportion to the ECB’s capital key, meaning the largest economies from Germany down will see more of their debt purchased by the ECB than smaller peers.

Powered by WPeMatico

 
Comments Off

Posted in Entrepreneur

 

U.S. stocks fall after IBM weakness, ahead of ECB meeting

21 Jan

Traders work on the floor of the New York Stock Exchange(Reuters) – U.S. stocks opened lower on Wednesday after a disappointing outlook from IBM and as investors reduced their exposure ahead of an upcoming European Central Bank (ECB) meeting that could result in new stimulus.

Powered by WPeMatico

 
Comments Off

Posted in Entrepreneur

 

Wall St. opens up on hopes for central bank action

20 Jan

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) – U.S. stocks opened higher on Tuesday as lower growth forecasts from the International Monetary Fund spurred hopes that central banks would take more aggressive policy stances to accelerate economic improvement.

Powered by WPeMatico

 
Comments Off

Posted in Entrepreneur

 

Oil prices slip on Chinese data, record Iraq output

19 Jan

A man fills up his car at a petrol station in RomeBy Himanshu Ojha LONDON (Reuters) – Brent crude oil prices fell below $50 a barrel on Monday after the global economic outlook darkened and Iraq announced record oil production. The world’s biggest energy consumer, China, faces significant downward pressure on its economy, its premier Li Keqiang was quoted by state radio as saying on Monday. China is expected this week to report growth slowing to 7.2 percent from a year ago, the weakest since the depths of the last global economic crisis. Data from China’s National Bureau of Statistics showed on Sunday house prices fell for a fourth straight month.

Powered by WPeMatico

 
Comments Off

Posted in Entrepreneur