US stock futures edged down to start the week, while European stocks ticked higher, as investors continued to assess the odds of a global economic slowdown. Futures tied to the S&P 500 and Dow Jones Industrial Average both slipped 0.4% while contracts on the tech-heavy Nasdaq-100 fell 0.5%. .
Text size Bank of America says lenders with large loan books will be affected as the economy worsens. Dreamstime US financial institutions are trading at bargain-basement prices and continue to present a solid buying opportunity despite near-term market volatility, Oppenheimer said on Friday. In a research note on Friday, analyst Christ Kotowski said he expected … Read more
US stock futures fell as investors rebalanced portfolios ahead of the end of a grueling first half and awaited a gauge of inflation that Federal Reserve officials consider their preferred measure of rising prices. Futures tied to the S&P 500 dropped 1.4%, a day after indices finished slightly changed. Dow Jones Industrial Average futures fell … Read more
Text size Fed chair Jerome Powell will deliver remarks at a central bank summit. Olivier Douliery / AFP via Getty Images Stocks slipped on Wednesday ahead of a summit of top central bankers where investors will closely watch for clues about how high the Federal Reserve will raise interest rates. Futures for the Dow Jones … Read more
UPS CEO Carol Tome. Photo by JIM WATSON / AFP via Getty Images Text size Until recently, United Parcel Service operated a little like the New York Yankees. But the company has changed in ways that are positive for the stock. Investors, along with baseball fans, may know that the Bronx Bombers have maintained an … Read more
Societe Generale has accused Clifford Chance of negligence over its work for the bank in a dispute over £ 384m-worth of gold bullion. SocGen engaged the Magic Circle law firm in 2008 to pursue Turkish jewelery maker Goldas. The bank claimed Goldas had failed to pay for 15,725 metric tonnes of gold bullion. The bank … Read more