Tag Archives: Banks

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Equifax Inc

Equifax shares slump on disappointing third-quarter earnings

Equifax shares slump on disappointing third-quarter earnings

Shares of Equifax Inc. EFX, -3.09% skidded in Wednesday’s extended session after the credit reporting agency missed both quarterly profit and revenue targets. Equifax reported its third-quarter earnings sank to $38.4 million, or 32 cents a share, from $96.3 million, or 79 cents a share, a year earlier. On an adjusted basis, the company would

MW-GL317_Turkey_20180621105508_ZH

Turkey’s crisis was not a black swan but it still played havoc with global markets

Turkey’s currency crisis is by no means a black swan event as trouble had been brewing in the country for several months. Still, fears of a spillover effect from the troubles in the world’s 17th largest economy played havoc with the global financial markets Friday as panicked investors ran for cover. Turkey is an emerging-market

U.S. government debt yields fall the most in 5 weeks after inflation report

U.S. government debt yields fell the most in weeks on Thursday, reversing course after a reading on inflation came in weaker than expected, helping to support buying of Treasurys and pushing yields sharply lower. The producer-price index was unchanged in July, the Labor Department reported, with the reading coming in below average analysts’ estimates surveyed

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Bitcoin Today: Prices Surge Past $9,000 Mark as Rally Continues

Bitcoin continued an impressive rally on Tuesday as prices blew past the $9,000 mark overnight. Trading volume surged as high as $8.9 billion for first time since April 12. At the same time, the total market value of all cryptocurrencies surged past the $400 billion mark for the first time since early March. Here are

Currency,Euro,Yen,Pound,U.S. Dollar,Federal Reserve

Treasury yields lead dollar higher, Mexican peso suffers selloff

The U.S. dollar gained ground against its rivals Thursday as the 10-year Treasury yield edged higher, flirting with the psychologically important 3% mark. What are currencies doing? The ICE U.S. Dollar Index DXY, +0.07% which measures the greenback against six developed market currencies, climbed 0.3% to 89.889. The broader WSJ U.S. Dollar Index BUXX, +0.13%

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Dow slumps as IBM’s stock logs worst day in 5 years; energy sector buoys broader market

The Dow industrials ended lower Wednesday as IBM’s shares got walloped; however, gains in shares of energy-related firms helped the broader market post modest gains. Wall Street showed a muted reaction to the release of the Beige Book report, which underscored that economic activity remained at “a modest to moderate pace” in March and early

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European stocks rise to 2-week high

European stocks advanced Monday, extending a two-week rally, helped by what appeared to be a pause in the ongoing trade skirmish between the U.S. and China, the world’s two biggest economies. How markets are moving The Stoxx Europe 600 SXXP, +0.34% added 0.5% to 376.71, building on last week’s gain, which was the equity gauge’s

Banks,Financial Services,ES:SAB,ES:GAS,XX:SXXP

Spain — and investors — on roller-coaster ride after Catalonia’s referendum chaos

Moments of palpable relief, followed by moments of renewed tension, and then back again. That’s been the situation in Spain since the controversial independence referendum last weekend in the region of Catalonia — Catalunya in the local language, Catalan — that has submerged the country into its biggest crisis in decades. Some now predict the

Banks,Financial Services,US:DXY,XX:BUXX,US:EURUSD,US:GBPUSD,US:EURGBP,US:AUDUSD,US:USDCHF,US:USDJPY

Dollar holds gain after jobless claims, British pounds weakens further

The dollar on Thursday extended gains against most European rivals, boosted by a stronger-than-expected report on jobless claims a day ahead of a September employment report that will be watched for signs to the potential for another Federal Reserve rate increase this year. Meanwhile, the British pound saw a significant move, dropping below $1.32 for

Banks,Financial Services,US:BTCUSD,US:GS,US:JPM,US:MS,US:BRK.A

‘Fraud’ or the future? How bitcoin is being described by billionaires and Wall Street CEOs

Cryptocurrencies have become the hottest of hot topics — it seems not a day goes by without some Wall Street VIP or financial luminary proclaiming their stance. Is bitcoin BTCUSD, -0.07%   a “fraud” or the future? Are ICOs just a scam? Depends whom you ask. One thing’s for sure, there’s no shortage of opinions.

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