Consumers have feasted on discounts this holiday season, but it means thinner profit margins for retailers.» Read More
NEW YORK, July 16- So much for higher interest rates taking a bite out of the stock market. Expectations that the Federal Reserve will soon start to pare its $85 billion a month bond purchasing program boosted the U.S. 10- year Treasury yield as high as 2.75 last week, climbing more than 110 basis points since May 1.
*Goldman Sachs profit doubles, helped by bond trading. Energy and material shares ranked among the day's worst performers, with Marathon Petroleum falling 5.2 percent to $69.32 and Alcoa sliding 1.1 percent to $8.08. Financial stocks, which started the day as outperformers, also dropped despite strong earnings from Goldman Sachs.
TOKYO, July 16- Japanese government debt prices edged lower on Tuesday, ahead of an auction of five-year bonds in the next session, even though the Bank of Japan offered to buy 560 billion yen of bonds as part of its monetary easing policy to revive the economy.
TOKYO, July 16- Japanese government bond prices edged lower on Tuesday ahead of an auction of 2.7 trillion yen worth of five-year bonds in the following session. We should see some concession into the five-year auction tomorrow but after that the yield should stay around this level, "said Tomohisa Fujiki, interest rate strategist at BNP Paribas.
TORONTO, July 15- The bid by Canada's largest grocer for its largest pharmacy chain is just the latest move by the Weston family, Canada's second-richest clan, to expand a food and clothing empire that began 131 years ago with a Toronto bread factory.
*Citigroup shares climb after earnings. NEW YORK, July 15- U.S. stocks edged up on Monday, putting the S&P 500 on track for an eighth day of gains, as upbeat results from Citigroup offset mixed U.S. economic data. Shares of Citigroup shot up 1.9 percent to $51.80 after the third-largest U.S. bank by assets reported a 26 percent increase in adjusted quarterly profit.
*Citigroup shares climb after earnings. NEW YORK, July 15- U.S. stocks edged up on Monday after hitting record highs in the previous session, as better-than-expected earnings from Citigroup were offset by mixed U.S. economic data.
*Citigroup shares jump after earnings. NEW YORK, July 15- U.S. stocks were little changed at the open on Monday after hitting record highs in the previous session, as better-than-expected earnings from Citigroup were offset by mixed U.S. economic data.
*Citigroup shares jump after earnings. NEW YORK, July 15- Wall Street was set to open little changed on Monday as U.S. economic data painted a mixed picture, but Citigroup reported a better-than-expected increase in profit.
*Singapore, Hong Kong already pursuing their own reforms. *United States and UK disagree over future of Libor. But the Madrid- based International Organisation of Securities Commissions has no power to enforce its recommendations and with Hong Kong and Singapore already forging ahead with their own proposals, the signs are that implementation will be patchy.
*Boeing's stock falls after Dreamliner fire at Heathrow Airport. NEW YORK, July 12- U.S. stocks advanced on Friday, supported by banks' strong earnings, but Boeing limited the Dow's gain after an airplane fire in London.
*Worries about Portugal, Chinese growth fed early bid. This recent 20- basis-point drop in over the past week came when a lot of people were too much on one side of the boat, "said Jonathan Garber, macroanalyst at Briefing.com in Chicago." An interview with Philadelphia Federal Reserve President Charles Plosser on Bloomberg television encouraged some selling.
NEW YORK, July 12- The dollar bounced back from a steep sell-off on Friday while world stock indexes were mostly steady as equities markets took a break from their recent rally and investors focused on mixed U.S. corporate earnings.
*Boeing plunges on news of Dreamliner fire at Heathrow Airport. NEW YORK, July 12- U.S. stocks were little changed on Friday as the market took a breather after ending at record highs, and as investors digested strong earnings reports from JPMorgan Chase and Wells Fargo but a lowered profit outlook from United Parcel Service.
NEW YORK, July 12- The dollar bounced back from a steep selloff on Friday while world stock indexes were nearly flat as investors' focus shifted to mixed U.S. corporate earnings. Gold dipped as the dollar rebounded and investors booked profits after four days of gains, but was on track for its biggest weekly advance in nearly two years.
*Boeing plunges on news of plane fire at Heathrow Airport. NEW YORK, July 12- U.S. stocks were mostly flat in afternoon trading on Friday, helped by strong earnings from JPMorgan Chase and Wells Fargo, while shares of Boeing slumped after an airplane fire in London.
NEW YORK, July 12- The dollar bounced back from a steep selloff on Friday while world stock indexes edged lower as investors' focus shifted to mixed U.S. corporate earnings. Gold fell as the dollar rebounded and investors booked profits after four days of gains, but was on track for its biggest weekly advance since April.
*Portugal worries add safe-haven bids for Treasuries. There are still a lot of Treasuries traders who are looking to sell, "said Lou Brien, market strategist at DRW Trading in Chicago.
WASHINGTON, July 12- Worries about rising interest rates and falling stock prices dinged U.S. consumer sentiment in early July, while other data showed a firm rise in wholesale prices, which could make the Federal Reserve more comfortable reducing its monetary stimulus.
*JPMorgan stock rises after quarterly profit jumps. NEW YORK, July 12- The broad U.S. stock market took a break on Friday after a six-day climb, although bank stocks gained slightly after strong earnings from big lenders JPMorgan Chase and Wells Fargo.