Finance

The dollar slides may intensify. According to Wells Fargo Securities’ Michael Schumacher, the latest Federal Reserve decision on interest rates and its dovish stance supports the greenback’s weakening trend. “The currency market has been very sensitive to this sort of thing while whereas the Treasury market just sits,” the firm’s head of macro strategy told CNBC’s “Trading
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Steven Mnuchin, U.S. Treasury secretary, left, and Mark Meadows, White House chief of staff, speak to members of the media after the Senate Republican policy luncheon on Capitol Hill on Tuesday, July 28, 2020. Stefani Reynolds/Bloomberg via Getty Images “I was surprised at how low that income threshold was in some states,” said Ernie Tedeschi,
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Take a look at some of the biggest movers in the premarket: McDonald’s (MCD) – The restaurant chain reported quarterly profit of 66 cents per share, shy of the 74 cents a share consensus estimate. Revenue came in above Wall Street projections. Comparable-restaurant sales were down 23.9% globally, slightly wider than the 22.8% consensus estimate.
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While lawmakers go back to work on a second coronavirus relief package, Institutional Investor Hall of Famer Richard Bernstein is building strategies to cope with a more contentious market environment. Bernstein, who has spent decades on Wall Street, expects the recovery to be jagged. “Your portfolio has to be a little positioned in terms of matter
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Pedestrians wearing protective masks walk past a Microsoft Technology Center in New York, on Wednesday, July 22, 2020. Jeenah Moon | Bloomberg via Getty Images Check out the companies making headlines after the bell:  Microsoft — Shares of Microsoft dropped 2% in after hours after the company’s fourth-quarter earnings beat estimates. The technology company reported earnings
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Moody’s Analytics’ Mark Zandi is telling clients it’s crucial to get a fresh stimulus package — particularly with coronavirus cases spiking in the Sun Belt. He warned it’ll cost hundreds of billions of dollars more than many lawmakers anticipate to avert a double-dip recession. “It’s got to be probably close to $1.5 trillion in support, at
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The Robinhood investment app is see on a smartphone in this photo illustration on June 24, 2020 in Washington,DC. Jim Watson | AFP | Getty Images Robinhood has postponed the launch of its popular stock-trading app in the U.K. indefinitely. The Menlo Park, California-based fintech firm told people signed up to its U.K. waitlist Tuesday that
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The view from the top of Shanghai’s skyscraper shows Jin Mao Tower (left) and Shanghai World Financial Centre (right) on November 11, 2015 in Shanghai, China. Alexander Kaunas | Kommersant | Getty Images BEIJING — When it comes to betting on a post-coronavirus China, some of the country’s largest property developers are concentrating on a few
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Company: Pearson PLC (PSO) Business: Pearson delivers learning through providing a range of educational products and services to institutions, governments, professional bodies and individual learners. The company operates through three segments, which include North America, core and growth. The company’s North America segment includes assessments and services businesses in the United States and Canada. The
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