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Global stocks up on Fed rate cut hopes, Microsoft results; dollar bounces

2 days ago DieselGasoil Comments Off on Global stocks up on Fed rate cut hopes, Microsoft results; dollar bounces
NEW YORK (Reuters) – A gauge of global stocks climbed on Friday as investors looked for a strongly dovish U.S. Federal Reserve at its next meeting and as early returns on earnings season have come in better than anticipated. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Read More

Earnings Data Deluge

2 days ago DieselGasoil Comments Off on Earnings Data Deluge
Capping off the first week of unofficial earnings season we hear from several companies from a wide range of industries The good news is that most of the Q2 earnings results this morning were solid though like the full week of mostly strong reports marked notably by Netflix s 160 Read More

Fed rate cut bets lift stocks, dollar steadies

2 days ago DieselGasoil Comments Off on Fed rate cut bets lift stocks, dollar steadies
LONDON (Reuters) – Global stocks rose on Friday as investors firmed up bets on a U.S. interest rate cut at the end of July after a speech by a top Federal Reserve official further cemented expectations for one, fuelling appetite for risky assets and capping the dollar. FILE PHOTO: The German share price index DAX Read More

Bangladesh rivers break their banks, forcing 400,000 to flee homes

2 days ago DieselGasoil Comments Off on Bangladesh rivers break their banks, forcing 400,000 to flee homes
DHAKA (Reuters) – Rain-swollen rivers in Bangladesh broke through at least four embankments, submerging dozens of villages and doubling the number of people fleeing their homes overnight to 400,000 in one of the worst floods in recent years, officials said on Friday. People use a makeshift raft to move on a flooded area in Gaibandha, Read More

Wall Street rises as Fed’s Williams cements rate-cut expectations

3 days ago DieselGasoil Comments Off on Wall Street rises as Fed’s Williams cements rate-cut expectations
NEW YORK (Reuters) – U.S. stocks moved higher on Thursday after a slow start as comments from New York Fed President John Williams helped cement expectations for an interest rate cut from the U.S. central bank at the end of the month. Traders work on the floor of the New York Stock Exchange in New Read More

Union Pacific cost cuts sheltered profit amid freight slowdown

3 days ago DieselGasoil Comments Off on Union Pacific cost cuts sheltered profit amid freight slowdown
(Reuters) – Union Pacific Corp (UNP.N) on Thursday reported a quarterly profit that beat Wall Street estimates, as the U.S. railroad operator cut costs and raised rates to overcome disruptions from record floods in the Midwest and ongoing U.S.-China trade tensions. FILE PHOTO: Locomotives at Union Pacific’s Engelwood rail yard wait to return to service Read More

Oil falls nearly 3% as U.S. Gulf production returns

3 days ago DieselGasoil Comments Off on Oil falls nearly 3% as U.S. Gulf production returns
NEW YORK (Reuters) – Oil fell nearly 3% a barrel on Thursday, weighed down by weakness in U.S. equities markets and an expectation that crude output would rise in the Gulf of Mexico following last week’s hurricane in the region. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France March Read More

Oil steadies, shrugging off Iran’s seizure of tanker in Gulf

3 days ago DieselGasoil Comments Off on Oil steadies, shrugging off Iran’s seizure of tanker in Gulf
LONDON (Reuters) – Oil initially rose more than 1% on Thursday after Iran said it had seized a foreign tanker in the Gulf, but prices gradually lost their gains as it emerged that the vessel had only a small cargo and was detained on Sunday for fuel smuggling. FILE PHOTO: The sun sets behind an Read More

Netflix shares sink 11%, analysts still see growth

3 days ago DieselGasoil Comments Off on Netflix shares sink 11%, analysts still see growth
(Reuters) – Wall Street brokerages stuck to a positive outlook on Netflix Inc (NFLX.O) on Thursday, betting that a strong content slate for the rest of 2019 would reverse shock losses in U.S. subscribers in the second quarter that sank its stock price. FILE PHOTO: The Netflix logo is seen on their office in Hollywood, Read More

Global stocks slip as U.S.-China trade war drags on corporate earnings

3 days ago DieselGasoil Comments Off on Global stocks slip as U.S.-China trade war drags on corporate earnings
LONDON (Reuters) – Global shares slipped on Thursday on growing signs that a trade dispute between the United States and China was taking a toll on corporate earnings, with nerves spreading from Wall Street through Asia to European markets. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, Read More