Futures dip, DOJ mulls Google break-up, Rio-Arcadium deal – what's moving markets – Investing.com
Investing.com — Stock futures fell on Wednesday after a tech-led stock rally in premarket trading. The U.S. Department of Justice is considering a possible breakup of search giant Google (NASDAQ:) in a federal court filing. Rio Tinto (NYSE:) has agreed to buy U.S. peer Arcadium Lithium for $6.7 billion, signaling the mining company's drive to […]
Dollar keeps poise ahead of Fed minutes, kiwi falls after big rate cut By Reuters – Investing.com
Written by Brigid Riley TOKYO (Reuters) – The dollar was flat on Wednesday, offering some relief to the yen and other major currencies after surging to seven-week highs last week as investors took a break to assess the outlook for U.S. interest rates. It gave me a feeling. The New Zealand dollar fell to $0.60705, […]
Dollar drifts near 7-week highs as traders consider US rates outlook By Reuters – Investing.com
Written by Uncle Banerjee SINGAPORE (Reuters) – The dollar fell 7.7 points against major currencies on Tuesday as rising tensions in the Middle East soured risk sentiment and investors pondered the outlook for U.S. interest rates after last week's strong jobs report. It hit a weekly high. Traders have drastically reversed their expectations for monetary […]
Morning Bid: Markets mull potential US ‘no landing' By Reuters – Investing.com
Written by Jamie McGeever (Reuters) – Future outlook for the Asian market. Asian trading opens on Monday, with global macro and market conditions suddenly looking very different from what they were on Friday, thanks to a set of US jobs numbers that even the most bullish forecasters weren't expecting. . The September nonfarm jobs report […]
US dividend ETFs bask in investor attention after jumbo Fed rate cut By Reuters – Investing.com
Written by Suzanne McGee (Reuters) – Flows into U.S. exchange-traded funds (ETFs) that invest in high-dividend stocks have surged since the Federal Reserve began its rate-cutting cycle last month, but U.S. Treasury yields have The rise in dividends could slow down the flood of dividends. Investor's funds. The group of 135 U.S. dividend ETFs tracked […]
Dollar on track for hefty weekly gains ahead of payrolls – Investing.com
Investing.com – The U.S. dollar fell slightly on Friday, coming off a six-week high ahead of a key jobs report that could determine sentiment heading into the Federal Reserve's next meeting. At 4:25 a.m. ET (8:25 p.m. Japan time), the dollar index against a basket of six other currencies was trading 0.1% lower at 101.667, […]
Brokerage Charles Schwab's long-time CEO Bettinger to retire By Reuters – Investing.com
Written by Niket Nishant (Reuters) – Charles Schwab said on Tuesday that President Rick Wurster will replace longtime CEO Walt Bettinger, marking a change of guard for the brokerage firm after 16 years. The company said Bettinger, who became CEO at the end of 2008, will retire from his role at the end of this […]
Dollar gains as Powell pushes back on jumbo rate-cut bets By Reuters – Investing.com
Written by Amanda Cooper and Brigid Riley LONDON/TOKYO (Reuters) – The dollar rose broadly on Tuesday after Federal Reserve Chairman Jerome Powell pushed back on expectations of another huge interest rate cut. After two volatile days, the yen has stabilized near the mid-range against the dollar over the past month as traders assess the future […]
Citi warns some employees about misconduct by staff, contractors, memo says By Reuters – Investing.com
NEW YORK (Reuters) – Citigroup warned some employees about fraud and unethical practices and asked them to monitor work done by contractors to ensure accurate billing, according to a memo seen by Reuters on Friday. He said he is considering strengthening monitoring. Citi has struggled to correct weaknesses in its governance and risk management. The […]
Yen steadies, dollar slips as China reaches for stimulus By Reuters – Investing.com
Written by Tom Westbrook SINGAPORE (Reuters) – A sharp rise in the yen stabilized on Monday as Japan's next prime minister suggested monetary policy should remain accommodative, but the dollar remained buoyed by investors' hopes for an improvement in China's economy. The currencies of resource-rich countries fell. Japan's yen soared on Friday after Shigeru Ishiba, […]