Tag Archives: Financial Services

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


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


China leads slump in Asian markets amid rising trade fears

Asian stocks continued to decline almost across the board Tuesday, after heightened trade tensions hit U.S. equity markets again overnight. U.S. equity futures were flat during morning Asian trading. Asian markets were largely in the red, led by a 1.8% drop in the Shanghai Composite SHCOMP, -0.61%   and a 1.5% fall for Hong Kong’s


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%


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


Asian markets jump higher as oil prices gain

Asia-Pacific stocks were broadly higher Thursday as oil prices rose to a 3 1/2 -year high. Markets in the Greater China region led the advance. Hong Kong’s China Enterprises Index, made up of Chinese-based firms with listings in Hong Kong, climbed 2.1%, while the benchmark Hang Seng Index HSI, +1.29%  rose 1.3%. Oil-related stocks helped


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


As Bacardi buys Patrón, here’s a stock to bet on the liquor industry’s high-end trend

U.S. investors, especially those who are bon vivants, tend to know all about Diageo, the big British drinks company behind Johnnie Walker scotch, Captain Morgan rum, and other brand-name alcoholic products. But a smaller European spirits seller might also be worth a taste these days. Rémy Cointreau RCO, +2.31% is a good way to play