The latest on developments in financial markets (All times local): 11:45 a.m. Stocks are slipping in midday trading on Wall Street as the market gives back some of the big gain it made a day earlier. The ...
"In the near term ... the poor trading momentum is likely to act as a continued drag on the stock until there is more evidence of a pick-up in sales growth," analysts at Patronus Partners said in a note. The drop in WPP followed a big fall by Provident Financial (PFG.L) in the previous session, tanking 66 percent after it issued a profit warning, saw its CEO quit, suspended its dividend and disclosed a regulatory probe.
Roughly a year after recalling its Galaxy Note7 following a series of battery fires, Samsung is unveiling the Note8. The Note8 is a close sibling of the Samsung S8 and S8+ phones that the company...
U.S. crude oil stocks last week fell for an eighth consecutive week to their lowest since January 2016, while gasoline stocks declined more than anticipated, the Energy Information Administration said on Wednesday. Overall U.S. crude stocks fell to 463.2 million barrels, a 14-percent drop from the peak of 535.5 million barrels at the end of March. U.S. crude futures, which were rallying in the hours leading to the data, were up 21 cents to $48.06 a barrel as of 10:49 a.m. EDT (1449 GMT), while Brent futures gained 35 cents to $52.22 a barrel.
Banks in Britain are set to close a record 762 branches this year, depriving more customers of access to in-person financial services as lenders cut costs by pushing business online. The number of branches shut or earmarked for closure so far this year is more than the 583 closed in 2016 and is the most on record, according to a Reuters analysis of bank announcements, academic studies and government data. Banks and building societies in Britain have been shutting branches at a rate of around 300 per year since 1989, a trend which has accelerated in recent years as lenders respond to pressure on profits by slashing costly brick-and-mortar outlets.
Lawmakers face a late-September deadline to raise the debt ceiling or risk a default, and Trump's comments on Tuesday evening came hours after a lawmaker said there was "zero chance" of the ceiling not being raised. "Trump saying he would be willing to shut down the government over the wall obviously doesn't really inspire much confidence in anyone," said Michael O'Rourke, chief market strategist at JonesTrading in Greenwich, Connecticut.
The Toronto-based bank said it had earnings of $1.38 per share. Earnings, adjusted for amortization costs and non-recurring costs, were $1.41 per share. The results fell short of Wall Street expectations. ...
