3:58 a.m. Today3:58 a.m. July 20, 2019
- By Philip van Doorn
Big banks’ earnings reports point to near-term pain and long-term opportunity Valuations are low as investors worry about declining interest ratesValuations are low as investors worry about declining interest rates.
7:09 p.m. July 19, 2019
Stock Market Gauges Barely Budge as Fed Decision Looms
But there’s plenty of action in individual names as earnings-reporting season ramps up.
4:00 p.m. July 19, 2019
Investment Newsletter Views on Consumer Spending, Tech, the Fed
Ed Yardeni, Paul Nolte, Jack Ablin and other market strategists discuss their views
2:11 p.m. July 19, 2019
Jim Grant: The Big Flaw in Ph.D-conomics
Faith in the power of prediction is at the core of modern economic policy. Too bad no one can consistently make accurate forecasts.
1:52 p.m. July 19, 2019
- By Greg Robb
Fed’s Rosengren says interest-rate cut not needed Second-quarter GDP data, to be released next Friday, might change his mind, Boston Fed president saysBoston Fed President Eric Rosengren said Friday the current economic environment doesn’t justify an interest-rate cut.
12:41 p.m. July 19, 2019
Fight the Fed With These Three Regional Bank Stocks
The possibility of interest-rate cuts by the Federal Reserve is pressuring regional bank stocks—some unfairly so, if you know what to look for.
11:59 a.m. July 19, 2019
- By Sunny Oh
Short-term Treasury yields jump after Fed signals 25 basis point rate-cutShort-term Treasury yields climb Friday, trimming a week long decline, after senior Federal Reserve officials dampened expectations for a 50 basis point rate cut this month.
11:19 a.m. July 19, 2019
The New York Fed President Raised Hopes for Interest-Rate Cuts. Here’s Exactly What He Said.
John Williams’s speech Thursday was a familiar summary of his research on inflation and interest rates. Some traders took that to mean a half-point rate cut later this month instead of a quarter-point.
7:49 a.m. July 19, 2019
- By Greg Robb
Trump piles on Fed after Williams slip-up President says he agreed with initial remarks of New York Fed president and didn’t care for the walk-backPresident Donald Trump on Friday highlighted a Fed communication slip-up, and pushed the central bank to again cut interest rates.
5:12 a.m. July 19, 2019
- By Nouriel Roubini
Crypto is an unregulated casino, where criminality runs riot Policy makers and law enforcement are asleep at the wheelIt is no surprise that the unregulated cryptocurrencies market would become the playground of con artists, criminals, and snake-oil salesmen, writes Nouriel Roubini.
4:09 a.m. July 19, 2019
The Dow Is Rising Because Markets Are Thinking About the Fed, Again
The Dow Jones Industrial Average appears set for a higher open amid mixed signals from the Federal Reserve about a possible interest-rate cut. Microsoft stock was up premarket after a strong report.
12:07 a.m. July 19, 2019
- By Greg Robb
Fed’s wisest strategy is to cut interest rates at first sign of economic distress, Williams says New York Fed spokesman later says comment was theoreticalNew York Fed President John Williams said Thursday that acting quickly to lower interest rates at first sign of distress is the best strategy, seemingly endorsing a plan to ease monetary policy at the central bank’s next policy meeting on July 30-31.
3:15 p.m. July 18, 2019
- By Greg Robb
New York Fed downplays Williams's speech, calling it 'academic' and not about July policy meetingThe New York Fed on Thursday played down the importance of President John Williams' speech earlier in the day that was interpreted by the market as an endorsement of a half-point interest rate cut at the end of the month. "This was an academic speech on 20 years of research. It was not about potential policy actions at the upcoming FOMC meeting," a New York Fed spokesman said. In his remarks, Williams said his research showed that, when interest rates are near zero, a central bank should "act quickly to lower rates at the first sign of economic distress." After his remarks, traders priced in a slightly greater than 50% chance of a half-point rate cut on July 31, up from 34% one day ago.
1:24 p.m. July 18, 2019
The Dow Ended Flat Because a Potential Rate Cut Looms Over Earnings
All three major U.S. stock indexes closed with minor gains on Thursday after data published by the Philadelphia Fed showed that manufacturing activity rebounded strongly this month.
12:39 p.m. July 18, 2019
- By William Watts
Dollar index falls below 200-day moving average as Fed officials argue for quick action on signs of distress ECB reportedly weighs revamping inflation targetThe U.S. dollar wasn’t immune to remarks by New York Federal Reserve President John Williams, with a closely watched index testing its 200-day moving average after he argued the Fed’s limited capacity for easing means it should cut rates at the first sign of trouble.
12:37 p.m. July 18, 2019
- By Clive McKeef
Stocks snap 2-day skid as Fed’s Williams says central bank should act swiftly to quash slowdown signs UnitedHealth’s 2.3% stock drop weighs on the DowU.S. stocks close higher Thursday, recovering from early losses, after New York Federal Reserve President John Williams said the central bank’s wisest strategy is to cut interest rates at the first sign of economic distress when interest rates are already low.
12:11 p.m. July 18, 2019
- By Mark DeCambre
Stocks snap losing skid as Fed official hints that central bank may lower rates aggressivelyU.S. equity benchmarks finished the session mostly higher Thursday after Federal Reserve Bank of New York President John Williams said the central bank needs to act quickly to quash signs of economic weakness. His comments, made late in the afternoon at a research conference in New York, helped to deliver a jolt to equity markets and drive bond yields and the dollar firmly lower. The Dow Jones Industrial Average , however lagged behind its peers, weighed by declines in UnitedHealth Group Inc. and Boeing Co. . The blue-chip index closed virtually unchanged on the day at 27,222, while the S&P 500 index climbed 0.4% to end at 2,995, and the Nasdaq Composite Index closed 0.3% higher at 8,207.
in a world where interest rates are lower than they have been historically, central banks must confront any sign of weakness quickly and aggressively.
12:09 p.m. July 18, 2019
- By Chris Matthews
Should investors prepare for a ‘shock and awe’ campaign from the Fed? Traders now estimate a more than 70% chance of a half-point rate cut in JulyMarket participants are preparing for a wide range of outcomes in Fed policy over the coming months.
11:34 a.m. July 18, 2019
- By Sunny Oh
Two-year Treasury yield tumbles after Fed’s Williams lays out case for insurance rate cuts New York Fed President John Williams indicates support for preemptive rate cuts Short-term Treasury yields fall sharply on Thursday after a senior Federal Reserve official suggests the U.S. central bank should act early and decisively to signs of economic weakness.
7:56 p.m. July 17, 2019
- By Marketwatch
Asian markets fall on economic red flags as trade-war standoff persists South Korea surprises with rate cut; Nikkei slidesAs talks to resume U.S.-China trade negotiations stall, South Korea cuts its interest rate while Japan and Australia post disappointing economic data.
12:06 p.m. July 17, 2019
- By William Watts
Currency intervention: Here’s how the U.S. could move to weaken the dollar Trump’s complaints about dollar’s relative strength have investors contemplating the possible return of FX interventionPresident Donald Trump’s grumbles about the relative strength of the U.S. dollar has analysts pondering the potential return of currency intervention. Here’s a look at how the process works.
1:01 a.m. July 17, 2019
- By Sean Pyles
Struggling with car payments? Take these steps before you get into trouble Here’s how to turn it aroundIf it consumes too much of your budget, your ticket to ride could turn into real problems.
1:38 p.m. July 15, 2019
- By Joy Wiltermuth
U.K. and U.S. regulators see promise in bond market adoption of Libor alternatives Regulators warn market participants not to add to Libor ‘hole’Bond markets, not always a hotbed of innovation, pave way for alternative benchmarks
12:26 p.m. July 15, 2019
- By Chris Matthews
Stocks eke out another round of records as investors brace for 2nd-quarter earnings Citigroup earnings kick off a week of earnings reportsStocks eke out a modest round of gains Monday, building on record finishes from last week, as a wave of second-quarter earnings are set to kick off.
11:47 a.m. July 15, 2019
- By Michael S. Derby
Fed’s Williams calls for urgent replacement of Libor Williams’ comments are part an effort for Fed and the financial industry to create a new, more reliable system of reference interest ratesWilliams’ comments are part an effort for Fed and the financial industry to create a new, more reliable system of reference interest rates.
10:44 a.m. July 15, 2019
Citigroup, Johnson & Johnson, IBM, and More Stocks to Watch This Week
We’ll see earnings reports from lots of banks, as well as other companies, and economic data on retail, housing, and consumer sentiment.
8:42 a.m. July 15, 2019
Citigroup profit and revenue tops estimatesStrong U.S. consumer banking gave Citigroup Inc. a boost in the second quarter. Citigroup said Monday its second-quarter net income rose 7% from a year ago. Quarterly profit was $4.8 billion, up from $4.5 billion. Per-share earnings were $1.95. Analysts had expected $1.81 a share. Revenue at the bank was $18.76 billion, up 2% from $18.47 billion a year ago.
4:45 a.m. July 15, 2019
Citigroup profit and revenue tops estimatesCitigroup Inc. said Monday its second-quarter income rose 7% from a year ago. Quarterly profit was $4.8 billion, up from $4.49 billion a year ago. Per-share earnings were $1.95. Analysts had expected $1.81 a share. Revenue at the bank was $18.76 billion, up 2% from $18.47 billion a year ago. Analysts polled by Refintiv had expected $18.5 billion.
1:21 p.m. July 14, 2019
- By Quentin Fottrell
After a decade-long economic expansion, Americans are finding reasons to lose sleep A strong U.S. economy and record-low unemployment are not enough for many people to get a good night’s sleepA strong U.S. economy and record-low unemployment are not enough for many people to get a good night’s sleep.
4:31 p.m. July 12, 2019
The Fed Is Spiking the Punch Bowl. It May Not End Pretty.
The Federal Reserve used to be the adult at the markets’ party. Now it’s keeping the fun going by moving to cut interest rates.
4:00 p.m. July 12, 2019
HBO Max Joins Growing Mob of Streaming Services Chasing Netflix
HBO is making a big bet charging a premium price for its content, particularly as streaming grows larger, but more fragmented. How important is Friends?
9:22 a.m. July 11, 2019
Morgan Stanley’s Shalett: Recession, 10% Dip Likely
The Morgan Stanley Wealth Management CIO says the bond market has priced in the risks ahead, while the stock market has not.
9:13 p.m. July 10, 2019
- By Associated Press
Asian shares rise after Fed signals U.S. rate cut likelyShares rose Thursday in Asia, tracking gains on Wall Street after Federal Reserve Chairman Jerome Powell suggested the U.S. central bank is ready to cut interest rates for the first time in a decade.
11:16 a.m. July 10, 2019
- By Myra P. Saefong
Oil settles at highest since May, as U.S. crude supplies drop a fourth week and a storm threatens Gulf of Mexico output Gulf of Mexico storm prompts evacuations, with nearly 32% of Gulf oil output shut inOil prices rally Wednesday to highest since May, buoyed by data showing a fourth consecutive weekly decline in U.S. crude inventories and a weaker dollar after dovish comments from Federal Reserve Chairman Jerome Powell. A storm in the Gulf of Mexico has also raised expectations for disruptions to oil and gas production.
1:30 a.m. July 10, 2019
The Federal Reserve Makes a Case for Lowering Rates Back to Zero
A “price-level rule” would require the central bank to make up for past misses on the inflation target.
11:08 a.m. July 9, 2019
- By Myra P. Saefong
U.S. oil prices tally a fourth straight session gain Persistent Iran tensions, this week’s testimony from Fed’s Powell color oil-trading sentimentOil futures tally a fourth straight session gain on Tuesday, buoyed by tensions with Iran and expectations for a weekly decline in U.S. crude supplies, though concerns about energy demand remain
5:41 a.m. July 9, 2019
- By Barbara Kollmeyer
Here’s why investors should keep the faith in U.S. stocks: BlackRock Critical information for the U.S. trading dayOur call of the day comes from BlackRock, one of the world’s biggest money managers, whose midyear outlook comes with a warning for investors to get slightly more defensive against an uncertain global backdrop and raise some cash.
4:01 a.m. July 9, 2019
- By Greg Robb
Could the Fed surprise the stock market by skipping a July rate cut? It’s not out of the question Communication from central bankers this week is seen as a key preview for the late-month policy meetingCould the Federal Reserve decide not to cut interest rates at all when it convenes at the end of the month? There’s a growing camp that thinks so.
7:12 a.m. July 8, 2019
- By Nicole Lyn Pesce
This guy racked up $16,000 in credit-card debt — 7 ways he found financial freedom Financial experts share tips to climbing out of debt.Financial experts share tips to climbing out of debt.
4:32 p.m. July 5, 2019
What Barron’s Said About Chrysler Chairman Lee Iacocca in 1985
In 1985, Chrysler Chairman and CEO Lee Iacocca was on top of the business world. But in an editorial commentary that year, Barron’s had a more skeptical take on Iacocca, who has died at 94.