Goldman Sachs is not optimistic for the near-term fate of cryptocurrency. In its mid-year economic report, the bank’s investment management group highlighted “cryptocurrency mania” as one of six factors creating an unsteady undertow affecting markets for the remainder of 2018. “We expect further declines in the future given our view that these cryptocurrencies do not
Stock Market
The U.S. upped the ante Wednesday in the trade war with China, at the same time it appears to be making progress on NAFTA, a development that could help soothe a worried stock market. President Donald Trump Wednesday told U.S. Trade Representative Robert Lighthizer to consider bumping the proposed 10 percent tariffs on $200 billion
U.S. interest rates are moving higher because the U.S. government is taking on more longer term debt and global central banks are stepping back from some of the easy policies they adopted in the financial crisis. The benchmark 10-year Treasury yield jumped through 3 percent for the first time since June 13, after languishing in
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Thursday’s session are Lululemon Athletica Inc., Finisar Corp., and Target Corp. Lululemon Athletica LULU, +1.67% is projected to report first-quarter earnings of 32 cents a share, according to a consensus survey by FactSet. “We believe, given the stock’s performance
Check out the companies making headlines before the bell: Pfizer – Pfizer reported adjusted quarterly profit of 81 cents per share, 7 cents a share above estimates. Revenue also beat forecasts. Its results were helped by stronger sales of drugs like its arthritis treatment Xeljanz and pneumonia vaccine Prevnar. Procter & Gamble – The consumer
Bloomberg/file 2012 SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trading in Friday’s session are Intel Corp. and Finisar Corp. After Thursday’s closing bell, Intel INTC, +0.48% said it is raising its second-quarter revenue outlook on improving PC demand. Intel now expects sales for the current quarter at $13.7
Bloomberg /file 2012 Disney is among the stocks worth watching because of its ties to soccer’s World Cup. MADRID (MarketWatch) — Among the companies whose shares are expected to see active trading in Monday’s session are Medtronic Inc. and Covidien PLC , as well as Layne Christensen Co. Medtronic MDT, +0.44% announced a deal on
It is a rough day for growth-technology investors. The so-called FANG stocks are falling Monday after disappointing quarterly results from two of the top companies in the sector. Shares of Facebook, Amazon, Netflix and Alphabet are all in the red to start the trading week. Facebook and Netflix were off by 4 percent. Amazon and
Tech bellwether Apple leads the earnings parade in the week ahead, as market focus also shifts to the Fed’s mid-week meeting and Friday’s jobs report. About a quarter of S&P 500 companies report in what will be the last big week for second-quarter earnings. Earnings are up about 22.6 percent over last year and are
The U.S. and China just can’t seem to bridge their differences on trade, even as the world’s largest economy’s discussions with Europe and its North American neighbors appear to be making progress. This week, President Donald Trump stood side by side with European Commission President Jean-Claude Juncker to announce talks and a truce on tariffs.
The world’s largest cryptocurrency fell sharply after the U.S. Securities and Exchange Commission denied an application for what would have been the first-ever bitcoin ETF. Bitcoin dropped to a low of $7,798.70 Friday morning, about 6 percent below where it was trading before the news Thursday evening, according to data from CoinDesk. The cryptocurrency had
Check out the companies making headlines before the bell: Comcast – The NBCUniversal parent earned an adjusted 65 cents per share for the second quarter, 5 cents a share above consensus estimates. Revenue came in slightly short of Street forecasts. Comcast added 260,000 broadband customers during the quarter, the highest for a second quarter in
Senators Elizabeth Warren (D-Mass) and Bernie Sanders (I-VT) have introduced a new bill that would essentially wipe out tens of billions of dollars of Puerto Rico’s $73 billion in outstanding debt. The proposed legislation entitled the “U.S. Territorial Relief Act of 2018,” which counts Sen. Kirsten Gillibrand (D-NY), Edward J. Markey (D-Mass.), and Kamala Harris
Fintech company Square is boosting its small-business lending with an eBay partnership announced Tuesday morning. Square Capital, the lending arm of the payment start-up, will be available to eBay sellers looking to expand their business operations. Starting in the third quarter, merchants on the site can apply for a loan as small as $500 and
Bitcoin continued its rally Monday, shrugging off regulatory and security worries that have dragged down cryptocurrency prices this year. The world’s largest and most popular digital currency rose 5 percent to a high of $7,770.58, according to data from CoinDesk, and is up roughly 20 percent in the past week. It broke above the $7,000
On the surface, the tit-for-tat trade war between the U.S. and China appears to be turning into a currency war. President Donald Trump called out China and Europe Thursday and again on Friday for manipulating their currencies and keeping them low against the dollar. Hours after Trump’s comments were first aired on CNBC Thursday, the
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Wednesday’s session are FedEx Corp., Jabil Circuit Inc., and Red Hat Inc. FedEx FDX, +0.38% is projected to post fourth-quarter earnings of $2.36 a share, according to a consensus survey by FactSet. Analysts at Nomura said they will look
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Thursday’s session are BlackBerry Ltd., Oracle Corp., and Kroger Co. BlackBerry US:BBRY BB, -1.35% is projected to report a loss of 27 cents a share in the first quarter, according to a consensus survey by FactSet. The Canadian smartphone
Earnings are expected from a third of S&P 500 companies in the week ahead, and there will also be an important report card on the economy, with second-quarter GDP expected to be the strongest in four years. President Donald Trump made plenty of headlines in the past week, and fallout from some of those could
Check out the companies making headlines before the bell: General Electric – GE reported adjusted second quarter profit of 19 cents per share, 2 cents a share above estimates. Revenue also came in above consensus. GE said it saw particular strength in its aviation and health-care businesses during the quarter. Honeywell – The industrial conglomerate
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Friday’s session are Oracle Corp., Smith & Wesson Holding Corp., and Family Dollar Stores Inc. After Thursday’s closing bell, Oracle ORCL, -0.76% said its fiscal fourth-quarter profit fell to $3.65 billion from $3.81 billion a year earlier. Per-share earnings
Check out the companies making headlines before the bell: Travelers – The insurance company posted quarterly profit of $1.81 per share, well below the consensus estimate of $2.42 a share. Revenue was above forecasts, but the results were heavily impact by significant catastrophe losses, much of it weather-related. IBM – IBM reported adjusted quarterly profit
NEW YORK (MarketWatch) — A spurt of acquisition announcements or talk of deals involving Wisconsin Energy Corp., Oracle Corp., and General Electric Co. may set those shares up for active trading in Monday’s session. Wisconsin Energy Corp. WEC, -0.18% said it would buy Integrys Energy Group Inc. US:TEG in a cash-and-stock purchase valued at $9.1
Check out the companies making headlines before the bell: Morgan Stanley – Morgan Stanley reported second quarter profit of $1.30 per share, beating the consensus estimate of $1.11 a share. Revenue beat forecasts, as Morgan Stanley reported strong investment banking and wealth-management results. Morgan Stanley also raised its quarterly dividend to 30 cents per share
An earlier version of this story included companies that are scheduled to report earnings on Thursday, not Wednesday. The errors have been corrected. SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Wednesday’s session are Google Inc., and Barnes and Noble Inc. Google GOOG, +1.35% GOOGL, +1.49% will
Check out the companies making headlines before the bell: Netflix – Netflix shares are under pressure, after its membership growth numbers came in well below analysts’ forecasts. The video streaming service reported quarterly profit of 85 cents a share, beating the consensus estimate of 79 cents a share. Revenue was below Street forecasts. UnitedHealth –
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Thursday’s session are Bed Bath & Beyond Inc., GoPro Inc., and Nike Inc. After Wednesday’s closing bell, Bed Bath & Beyond BBBY, -2.92% reported quarterly earnings that fell short of analysts’ estimate. Shares fell 5.7% in after hours. GoPro
SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Friday’s session are DuPont, Nike Inc., and KB Home. DuPont US:DD : The chemical company late Thursday cut its second-quarter and full year profit outlook due to worse-than-expected performance of its agriculture unit. Shares fell 1.9% in extended trading.
Check out which companies are making headlines before the bell: BlackRock – The asset management firm reported adjusted quarterly profit of $6.66 per share, 11 cents above estimates. Revenue also came in above forecasts. BlackRock’s overall profits were up more than 25 percent from a year ago, helped by increased fee revenue, larger profit margins,
The U.S. economy is more vibrant than it has been in years, yet the bond market insists a recession could be on the horizon. Some market pros say that warning from the Treasury yield curve, which has long been viewed as reliable, is not as relevant as it once was because of the long years