Wall Street slides on renewed U.S.-China trade fears
NEW YORK (Reuters) - Wall Street stocks sank on Thursday as worries that the United States and China would not be able to reach a trade deal increased concerns about
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Market Trends
Apple revenue should continue to shrink, so why is the stock up?
Apple Inc. posted a sharp decline in revenue for its holiday quarter. That wasn’t a surprise. What follows might be. The company issued a weaker-than-expected sales forecast for the current
Stocks surge on Fed pledge to pause, dollar slips
The Fed held interest rates steady at the end of a two-day meeting in which it struck language in a December policy statement that projected “some further” rate hikes would
As government shutdown drags on, shares of subprime lenders rally
(Reuters) - Payday lenders’ stocks have emerged as big winners during the record-long U.S. government shutdown, though the updraft could prove short-lived. Shares of pawn brokers, payday lenders and other subprime
Why Goldman’s commodities chief thinks oil will rise 10% plus this year
Investors are proving a fairly patient lot these days, considering the big questions marks around the global economy and the U.S. government itself. Comments from top White House economic adviser Kevin
Wall Street drops as economic outlook, corporate forecasts sour
NEW YORK (Reuters) - U.S. stocks ended lower on Tuesday, snapping a four-session rally, as a gloomy global economic growth outlook, trade concerns and disappointing company forecasts dampened sentiment. All
Existing-Home Sales Slide to a 3-Year Low as Housing Market Stumbles
The numbers: Existing-home sales ran at a seasonally adjusted annual rate of 4.99 million in December, the National Association of Realtors said Tuesday. That was the lowest since November 2015. Sales were
Why mortgage lending at Wells Fargo, Chase and Citi plunged
How low can they go? With earnings from three of the four biggest banks in, one metric stands in sharp relief. Mortgage lending just keeps plunging. In the fourth quarter, mortgage originations
JPMorgan Chase earnings take hit, fall again in mortgage sector
In the fourth quarter of 2018, JPMorgan Chase saw a decline in its earnings from the previous quarter, but still saw an increase from the previous year despite weakening in the mortgage banking