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Wall St slips, turns risk averse on strong dollar, trade worries

2 days ago DieselGasoil Comments Off on Wall St slips, turns risk averse on strong dollar, trade worries
(Reuters) – U.S. stock indexes slid on Wednesday in a broad decline over concerns of a strengthening dollar, Turkey’s currency crisis and United States’ trade relations with its partners. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 18, 2018. REUTERS/Brendan McDermid Seven of the 11 major Read More

Brazil may probe Google over its cell phone system: report

2 days ago DieselGasoil Comments Off on Brazil may probe Google over its cell phone system: report
RIO DE JANEIRO (Reuters) – Brazil’s antitrust watchdog Cade is considering opening an investigation into Google over alleged abuses in its cell phone operating system, the president of the agency said in an interview published on Wednesday in newspaper Valor Economico. The brand logo of Alphabet Inc’s Google is seen outside its office in Beijing, Read More

U.S. hedge funds bet on retail, tech in second-quarter as economy sizzled

3 days ago DieselGasoil Comments Off on U.S. hedge funds bet on retail, tech in second-quarter as economy sizzled
NEW YORK (Reuters) – Prominent hedge fund managers appeared to make big second-quarter bets that the U.S. economy would continue to expand despite increasing concerns about a broadening trade dispute between the U.S. and China, regulatory filings showed Tuesday. Third Point added new positions in payment companies PayPal Holding Inc (PYPL.O) and Visa Inc (V.N), Read More

Wall St. set for higher open on healthy earnings, lira rebound

3 days ago DieselGasoil Comments Off on Wall St. set for higher open on healthy earnings, lira rebound
(Reuters) – U.S. stocks were set to open higher on Tuesday on the back of healthy earnings reports and a recovery in Turkish currency, which snapped its free fall after three weeks of slide. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 24, 2018. REUTERS/Brendan McDermid Read More

Futures rise as Turkish lira rebounds, tech stocks gain

3 days ago DieselGasoil Comments Off on Futures rise as Turkish lira rebounds, tech stocks gain
(Reuters) – U.S. stock index futures inched higher on Tuesday as global markets bounced back from concerns of weakness in Turkish currency, with gains in technology stocks lifting sentiment. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 24, 2018. REUTERS/Brendan McDermid After three weeks of losses, Read More

Tech still all the rage while bears prowl emerging markets: BAML survey

3 days ago DieselGasoil Comments Off on Tech still all the rage while bears prowl emerging markets: BAML survey
LONDON (Reuters) – Global investors remain overwhelmingly bullish on U.S. and Chinese tech shares, while short positions on emerging equities are growing increasingly popular, Bank of America Merrill Lynch’s latest monthly fund manager survey showed on Tuesday. Traders on the floor of the New York Stock Exchange in New York, U.S., April 3, 2018. REUTERS/Lucas Read More

Wall St. slips as Turkey's currency worries hurt bank stocks

4 days ago DieselGasoil Comments Off on Wall St. slips as Turkey's currency worries hurt bank stocks
(Reuters) – U.S. stock indexes fell on Monday as a plummeting Turkish lira weighed on shares of big U.S. lenders, but losses on the Nasdaq were limited by high-flying companies such as Apple and Amazon that hit record highs. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., Read More

Look out Apple! Amazon may soon be worth $1 trillion too

4 days ago DieselGasoil Comments Off on Look out Apple! Amazon may soon be worth $1 trillion too
Apple is now worth $1 trillion Apple may soon have some company in the trillion dollar club. Amazon is worth about $940 billion. Shares of Amazon popped 2% Monday to hit a new all-time high. The stock only needs to go up another 7% for the Jeff Bezos-led company to top a trillion dollar market Read More

World equities slip on Turkey currency woes

4 days ago DieselGasoil Comments Off on World equities slip on Turkey currency woes
NEW YORK – Turkey’s worsening currency crisis sent world equities lower and emerging market currencies under selling pressure on Monday, while gains in large U.S. technology companies kept benchmark indexes slightly higher. German bond prices, meanwhile, were boosted by investors seeking stable assets. The MSCI world equity index, which tracks shares in 47 countries, was Read More