Home   |   Business News   |   Personal Finance   |   World News   |   U.S. News   |   Technology   |   Stock Alert   |   Stock Picks  |   Breaking News  |   Forex  |   Gold
Custom Search

Wall St rises amid robust earnings, GDP data

Traders work on the floor of the NYSEWall Street rose on Friday as robust economic data shone light on the strength of the U.S. economy, while upbeat results from Alphabet and Chevron offset the decline in health stocks and Amazon. The U.S. Commerce Department's first estimate on gross domestic product showed the U.S. economy grew at its fastest pace in two years. While the report supports the case for an interest rate hike, the Federal Reserve is unlikely to make a move at its meeting next week, as it falls just days ahead of the U.S. presidential election.

European markets in lull as strong growth aids Wall Street

Frankfurt, London and Paris diverged slightly with investors waiting on next week's vital central bank interest rate decisionsLondon (AFP) - European markets wobbled Friday while better than expected third-quarter US economic growth brought a measure of cheer to Wall Street ahead of a raft of data and policy decision in the week ahead.

S&P keeps negative outlook on UK sovereign rating

A man walks past the Standard & Poor's building in New York's financial districtRatings agency Standard & Poor's said on Friday it was keeping a negative outlook on Britain's AA sovereign credit rating due to ongoing uncertainty about the country's future outside the EU, after downgrading it in the wake of June's referendum. "In our opinion, Brexit presents a significant risk to the UK's track record of strong economic performance, and to its large financial sector in particular," S&P said. "The Leave result has also led to a less predictable and stable policy framework for the UK," it added.

NY comptroller projects higher Wall Street profits in 2016

ALBANY, N.Y. (AP) ? Wall Street is on track to post higher profits this year and end three straight years of declines, according to a report issued Friday by New York state Comptroller Thomas DiNapoli.

Exxon Mobil profit drops 38 percent but beats estimates

The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New YorkHOUSTON (Reuters) - Exxon Mobil Corp, the world's largest publicly traded oil company, on Friday reported a 38 percent drop in quarterly profit that still beat Wall Street's expectations as cost cuts partly offset declining crude oil prices.

Wall Street broker-dealer profits in 2016 to exceed last year's: watchdog

Bourse traders pour champagne after the last trading day at Frankfurt's stock exchangeSince March, job growth has slowed in the securities industry in New York City. The amount set aside by the member firms of the New York Stock Exchange for compensation in the first half of 2016 was 7 percent less than the same period last year. The securities industry in New York City has shrunk since the financial crisis of 2007-2008.

Coca-Cola European Partners to Webcast Third-Quarter 2016 Earnings Conference Call

LONDON--(BUSINESSWIRE)-- Coca-Cola European Partners plc (CCEP) (ticker symbol: CCE) will release third-quarter 2016 earnings before trading begins on the NYSE on Thursday, 10 November 2016. A conference ...

Hong Kong regulator probes UBS's role as sponsor of certain IPOs

By Denny Thomas and Michelle Price HONG KONG (Reuters) - Swiss bank UBS said Hong Kong's securities regulator is investigating its role as sponsor of certain unnamed stock market listings in the city, with the intention to start unspecified action against the bank and some of its employees. The disclosure by UBS, released with its third-quarter financial results, made it the first major bank to say it was being probed since Hong Kong's Securities and Futures Commission (SFC) introduced tougher rules for listing sponsors. The SFC's scope for action means UBS could face financial penalties, and may even be stripped of its ability to provide corporate finance advisory services in Hong Kong for a period of time.
   S & P 500




   Latest News From CNN Money

My Chipotle nightmare
U.S. economy posts best growth in 2 years
A landmark ruling for Uber drivers
Chicago bars charge $200 and up to watch the Cubs
Self-driving car startup kills its product
   Latest News From The Wall Street Journal
Halloween Lovers Are Gobbling Up Candy Corn Everything---No Matter How It Tastes
  Business News
  Personal Finance
  World News
  U.S. News


                 Copyright 2007-, Invest.