by Financial Mavrick | Feb 7, 2019 | Financial, Investing, Market Trends
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 slowing global economic growth. U.S. President Donald Trump said he did not plan to meet with...
by Financial Mavrick | Jan 30, 2019 | Investing, Market Trends
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 quarter, suggesting that the slowdown in iPhone sales might lead to meaningful...
by Financial Mavrick | Jan 29, 2019 | Investing, Market Trends
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 be appropriate in 2019. U.S. stocks extended their gains and bond yields fell as markets got...
by Financial Mavrick | Jan 25, 2019 | Investing, Market Trends
(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 consumer finance companies have rallied and...
by Financial Mavrick | Jan 24, 2019 | Investing, Market Trends
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 Hassett a day earlier about “zero” growth for the U.S. if the...
by Financial Mavrick | Jan 22, 2019 | Financial, Investing, Market Trends
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 three major U.S. stock indexes pared losses after White...
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