newszine

Wall Street set to bounce after turbulent week

1 day ago DieselGasoil Comments Off on Wall Street set to bounce after turbulent week
(Reuters) – Hopes of more official stimulus for the economy and the easing of a bond market rally put Wall Street on track to open sharply higher on Friday, as a bruising week for markets drew to a close. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New Read More

Futures climb on stimulus hopes, Nvidia results

1 day ago DieselGasoil Comments Off on Futures climb on stimulus hopes, Nvidia results
(Reuters) – U.S. stock index futures rose 1% on Friday, as hopes of more stimulus from central banks helped lift some gloom in what has been a turbulent week for markets. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 14, 2019. REUTERS/Eduardo Munoz The Read More

Invesco thrives in China as former executive Ross leads Trump’s trade war

1 day ago DieselGasoil Comments Off on Invesco thrives in China as former executive Ross leads Trump’s trade war
BOSTON (Reuters) – The former investment company of U.S. Commerce Secretary Wilbur Ross has been flourishing in China, even as he marshals billions of dollars’ worth of punishing tariffs in America’s deepening trade war. FILE PHOTO: U.S. Commerce Secretary Wilbur Ross speaks during a 17th Latin American Leadership Forum in Brasilia, Brazil August 1, 2019. Read More

Buffett’s Berkshire boosts Amazon.com bet, attracts Ackman

3 days ago DieselGasoil Comments Off on Buffett’s Berkshire boosts Amazon.com bet, attracts Ackman
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) on Wednesday said it boosted its stake in Amazon.com Inc (AMZN.O) by 11% during the second quarter, increasing its bet on the powerful online retailer even as stocks traded near record highs. FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, plays bridge as part of the Read More

US stocks crash after bond market flashes strong recession warning

3 days ago DieselGasoil Comments Off on US stocks crash after bond market flashes strong recession warning
US markets opened in the red on Wednesday, with the Dow Jones Industrial Average losing more than 400 points, after the US bond market sparked new fears about a looming recession. After Tuesday’s gains on the decision to postpone tariffs on Chinese imports, US stocks saw another huge selloff. The Dow was down around 1.5 Read More

Recession fears hit Wall Street after grim China, German data

3 days ago DieselGasoil Comments Off on Recession fears hit Wall Street after grim China, German data
(Reuters) – Wall Street was set to open lower on Wednesday, as poor economic data from China and Germany put the focus back on the impact of a bruising Sino-U.S. trade war which is pushing some major economies toward the brink of recession. FILE PHOTO: Traders work on the floor at the New York Stock Read More

Fidelity battles IRS in court over coal tax credits

4 days ago DieselGasoil Comments Off on Fidelity battles IRS in court over coal tax credits
FILE PHOTO: A sign marks a Fidelity Investments office in Boston, Massachusetts, U.S. September 21, 2016. REUTERS/Brian Snyder BOSTON (Reuters) – Fidelity Investments’ courtroom battle with the IRS over disallowed tax credits drew to a close on Tuesday when lawyers clashed over whether the mutual fund giant was a bonafide partner in the production of Read More

U.S. regulators to drop accounting test in ‘Volcker’ rewrite: sources

4 days ago DieselGasoil Comments Off on U.S. regulators to drop accounting test in ‘Volcker’ rewrite: sources
WASHINGTON (Reuters) – U.S. regulators have circulated a new draft of the “Volcker Rule” that would further ease its requirements and scrap a proposed new test that had been met with fierce resistance from Wall Street, according to two people with knowledge of the matter. FILE PHOTO: The Federal Reserve Board building on Constitution Avenue Read More

British ‘heroes’ pin down suspect after woman fatally stabbed in Sydney

4 days ago DieselGasoil Comments Off on British ‘heroes’ pin down suspect after woman fatally stabbed in Sydney
Three British men pinned down a knife-wielding man who allegedly attempted to stab several people in Australia. Police confirmed the man, 21, who witnesses say yelled “Allahu akbar” – or “God is great” – during the incident, has been arrested and is being questioned. The body of a 21-year-old woman was found in an apartment Read More

British trio pin down suspect after woman fatally stabbed in Sydney

4 days ago DieselGasoil Comments Off on British trio pin down suspect after woman fatally stabbed in Sydney
A woman has died after a knife-wielding man yelling “Allahu akbar” – or “God is great” – attempted to stab several people in Australia. Police say the man has been arrested and is being questioned following the incident at a busy intersection in Sydney. The woman’s body was found in an apartment building near the Read More