January 2, 2019

U.S. fund investors yank most cash from stocks since February: ICI

U.S. fund investors anguished over economic growth and policies pulled the most cash from stocks in any weekly period since last February, Investment Company Institute data […]
January 2, 2019

Wall Street ekes out gains, Apple cuts revenue forecast after the bell

Wall Street edged nominally higher on Wednesday after stumbling out of the starting gate on the first trading day of the new year, as fears of […]
January 2, 2019

S&P 500 futures fall sharply after Apple cuts guidance

S&P 500 futures fell 1.5 percent as trading resumed late on Wednesday after Apple cut its forecast for the holiday quarter. Powered by WPeMatico
January 2, 2019

GM sold 200,000 electric vehicles in U.S. by 2018, triggering tax-credit phaseout: source

General Motors Co hit 200,000 total electric vehicles sold in the United States by the end of 2018, reaching a threshold that triggers a phase-out of […]
January 2, 2019

Netflix poaches Activision’s Neumann for CFO role

Netflix Inc said on Wednesday it had appointed media finance veteran Spencer Neumann from Activision Blizzard as its chief financial officer. Powered by WPeMatico
January 2, 2019

Prosecutor drops insider trading case against former Deutsche Boerse CEO

The Frankfurt prosecutor’s office has dropped an insider trading case against former Deutsche Boerse Chief Executive Carsten Kengeter in exchange for payments of almost 5 million […]
January 2, 2019

Global growth worries, higher oil flatten yield curve

The Treasury yield curve flattened on Wednesday afternoon as shorter-dated yields rose on higher oil prices, while at the long end, the benchmark 10-year U.S. government […]
January 2, 2019

Oil volatile, ends up 2 percent but demand concerns still weigh

Oil prices rose about 2 percent in choppy trading on Wednesday, supported by a slight recovery on Wall Street, even as concerns remained about weakening global […]
January 2, 2019

Stocks pare losses but economic concerns linger

Stocks recovered much of their losses on Wednesday as investors took advantage of cheaper shares to ring in the new year, but lingering economic concerns from […]
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