These are the stocks posting the largest moves before the bell.Market Insiderread more
But the bank's net interest margin, a key metric of bank profitability, falls short of expectations.Financeread more
Citi Research has an 18-item checklist to identify whether global markets are entering into a "bear period."Investingread more
The CEO of railroad operator CSX is sounding alarm on the U.S. economy, calling it "unusual" and "puzzling" as it weighs on the company's shipping volumes.Marketsread more
Ascending triangle patterns have been appearing across the stock market, and they tend to be precursors to higher prices, says Miller Tabak's Matt Maley.Trading Nationread more
"Here's what I think is true: Google refused to work for the Pentagon on artificial intelligence" and it works on AI in China, says Richard Clarke.Technologyread more
Buying stocks when they are this expensive has historically led to lower returns, data compiled by Ned Davis Research shows.Marketsread more
Hedge fund manager Kyle Bass reportedly thinks that U.S. interest rates will plummet toward zero in 2020 as the economy heads for recession.Hedge Fundsread more
If the S&P 500 climbs another 4%, it will have doubled the peak reached in the previous bull market, Michael Santoli notes.Trading Nationread more
Here are the biggest calls on Wall Street on WednesdayInvestingread more
The EU opened a formal antitrust investigation into Amazon on Wednesday centered on how the e-commerce giant uses merchants' data.Technologyread more
BERLIN, Feb 19 (Reuters) - Germany's current account surplus shrank but remained by far the world's largest last year due to strong exports, according to data from the Ifo institute on Tuesday that is likely to renew criticism of Chancellor Angela Merkel's fiscal policies.
The International Monetary Fund and the European Commission have urged Germany for years to do more to lift domestic demand as a way to boost imports, stimulate growth elsewhere and reduce global economic imbalances. Since he took office, U.S. President Donald Trump has also criticised Germany's export strength.
Germany's current account surplus, which measures the flow of goods, services and investments, was the world's largest for the third year running in 2018 at $294 billion, followed by Japan with $173 billion, the Ifo figures showed. Russia came in third with a surplus of $116 billion.
When measured in relation to economic output, Germany's current account surplus shrank for the third year in a row, however, falling to 7.4 percent in 2018 from 7.9 percent the previous year, according to the Ifo figures.
Since 2011, Germany's current account balance has been consistently above the European Commission's indicative threshold of 6 percent of gross domestic product and the surplus reached a record high of 8.9 percent in 2015.
The European Commission formally identified a macro-economic imbalance in Germany for the first time in 2014 and has confirmed this criticism every year since.
In its recommendations, the Commission says Germany should make use of its budget surplus to boost public investment and create favourable conditions for stronger real wage growth. The IMF has made similar recommendations.
German government officials have repeatedly said that Berlin's fiscal and economic policies are not primarily designed to influence the current account balance.
They say the trade surplus is a result of market-based supply and demand decisions by companies and consumers around the world and that it is also shaped by other factors such as oil prices and exchange rates that are hard to influence.
Nonetheless, the government has decided to spend a large part of its budget surplus in the coming three years to increase childcare benefits, lower taxes and reduce contributions to the public health system, measures that are expected to support household spending. (Writing by Michael Nienaber Editing by Frances Kerry)