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U.S. banks' earnings in the July-September period jumped nearly 13 per cent from a year earlier as continued growth in lending fueled interest income. The data issued Tuesday by the Federal Deposit Insurance Corp. showed strength in the banking industry more than eight years after the financial crisis struck.
UNIVERSITY OF CALIFORNIA, BERKELEY'S HAAS SCHOOL OF BUSINESS-The three magic musts for a stock market rally? It must be a major macroeconomic news day, a pre-election day, and there must be a Democrat president in the White House, according to new research. When the country experiences these three conditions simultaneously, the U.S. stock market surges an average of 17 basis points.
U.S. equities opened higher on Tuesday, hitting new all-time highs, as investors awaited housing data and kept an eye on President-elect Donald Trump's policy agenda. The Dow Jones industrial average broke above 19,000 for the first time ever shortly after the open, with Boeing contributing the most gains.
Phoenix-based mining conglomerate Freeport-McMoRan Inc. hit a 52-week high Monday trading at $14.54 per share before closing at $14.51, according to Google Finance.
Major U.S. stock indexes slipped Friday as drug companies dragged the market lower. Small-company stocks bucked the downward trend and continued to climb, and bond yields rose to their highest level in a year.
On the morning of November 9 I was as stunned as the rest of the world at the result of the US election. Society around the globe reacted as predicted, with shock, awe and in some cases, protest.
TORONTO, Nov 16 Canada's main stock index fell on Wednesday as the financials and materials groups lost ground, while some losses for energy shares were pared as oil turned higher. At 11:02 a.m. EDT , the Toronto Stock Exchange's S&P/TSX composite index fell 55.59 points, or 0.38 percent, to 14,700.51.
Sebastian Mallaby is a Post contributor and Paul A. Volcker Senior Fellow for International Economics at the Council on Foreign Relations. He is the author of "The Man Who Knew: The Life and Times of Alan Greenspan."
The stock market's post-election bifurcation sharpened Monday as technology shares extended their worst performance since the start of the bull market on speculation Donald Trump's trade and immigration policies will translate into lower earnings. Apple Inc., Facebook Inc. and Alphabet Inc. led the S&P 500 Information Technology Index down 1.7 percent for the biggest retreat since September.
Newspapers headlining the US President-elect Donald Trump's victory over Hillary Clinton hang from a wall outside a Democratic party office in downtown Rome, Thursday, Nov. 10, 2016. Headline reads in Italian "And the world woke up with Trump nightmare".
The election's over, but for equity investors it's the same old bull market, one the new president might prefer die a quick death. Donald Trump inherits a 2,826-day-old rally in U.S. stocks that has defied history, overcoming anemic economic growth and a 15-month earnings recession that pushed valuations to a seven-year high.
The Australian dollar has been bashed amid market concerns about the potential impact of US President-elect Donald Trump's policies on the Australian economy. At 0700 AEDT on Monday, the local unit was trading at 75.30 US cents, down sharply from 76.26 cents on Friday.
He's called the spiraling federal debt a disaster, leads a party of avowed fiscal hawks and has promised to balance the budget. But if you expect Donald Trump to act as a model of fiscal rectitude as president, the bond market has a message for you, and a very Trumpian one at that: Investors have been yanking money out of bonds around the world since Trump's victory became apparent early Wednesday, sending prices tumbling and wiping out several months of gains.
Mortgage industry observers are still sorting out the election results to determine what, if any, adjustments are needed to expectations for 2017 origination volume. Rising interest rates will trigger a downturn in refinance activity in 2017, while purchase originations will rise, the Mortgage Bankers Association said in its most recent industry forecast.
New York: US financial markets witnessed wild swings after Republican Donald Trump won the country's presidential election, but then stabilised and regained momentum as the Wall Street further digested information about the results. "It is not quite a mandate, not with a popular vote loss, but it is a far different outcome than was expected 12 hours ago," said Chris Low, chief economist at FTN Financial on Wednesday.
As Donald Trump celebrated his surprise election win over Hillary Clinton and equity futures swooned in response, billionaire investor and Trump supporter Carl Icahn headed home to start trading. Mr. Icahn, 80, left President-elect Trump's victory party in the early hours of the morning to bet about $1 billion on U.S. equities, he said Wednesday in a telephone interview on Bloomberg TV.
Asian shares rallied Thursday, extending a surprising global recovery as Donald Trump's conciliatory acceptance speech comments helped soothe world financial markets spooked by his unexpected U.S. election victory. The rebound in Asia took its lead from Wall Street, where stocks initially wavered before advancing the rest of the day.
NEW YORK, Nov 9 U.S. stocks futures pointed to a sharply lower open for Wall Street on Wednesday, as a market that had been projecting an election victory by Democrat Hillary Clinton scrambled to recalibrate to an upset win by Republican Donald Trump. S&P 500 futures pared losses by more than half of their overnight drop, however, as Trump struck a conciliatory tone when he took the stage at his Manhattan headquarters in the wake of the victory.
LAGOS, Nov 9 Royal Dutch Shell has shut down its Escravos flow station in Nigeria's Niger Delta due to a protest by locals in the southern region, the oil firm said on Wednesday.
One reason stock markets have rallied off earlier lows is an anticipated boost from U.S. fiscal policy when President-elect Donald Trump enters the White House in January. Trump and Congressional Republicans, who won both the House of Representatives and the Senate, have indicated a desire to push through large tax cuts, enact corporate tax reforms and spend on infrastructure projects.