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Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
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Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Chinese President Xi Jinping will travel to North Korea this week for a two-day visit, ahead of a possible meeting between Xi and President Donald Trump at next week's G-20...Politicsread more
The Pentagon said that the crew of one of the tankers, the Japanese Kokuka Courageous, found an unexploded limpet mine on its hull following an initial explosion.Politicsread more
Despite the popularity of companies like Beyond Meat and Impossible Foods, meat consumption around the world continues to rise.Food & Beverageread more
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Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.Bitcoinread more
In a 7-2 ruling, over dissents from Justices Ruth Bader Ginsburg and Neil Gorsuch, the justices affirmed the so-called "dual sovereignty" exception to the Constitution's...Politicsread more
Eleven banks that lend to shipping lines announced Monday that climate impact will be integrated into the criteria that determines how much shipping companies can borrow, an...Transportationread more
J.P. Morgan closed over 1 percent lower, while Wells Fargo closed over 3 percent lower. Shares of Citigroup were down almost 1 percent at Thursday's close.
Barclays managing director and senior equity analyst Jason Goldberg said on CNBC's Power Lunch Thursday that J.P. Morgan and Citi shares were negative because sentiment in the financial sector has started to run out of steam.
"The agenda that the administration laid out that the group ran up on is just taking time to come to fruition," Goldberg said.
Coupled with the slow political action, Goldberg said the interest rate environment is holding investors back, but "the rate hikes we've seen should actually be a bigger benefit in the next three quarters."
If the Trump administration's deregulation and tax reform policies never get through, Goldberg said: "As long as the U.S. economy continues to expand we think [shareholder] downside is fairly limited."