Tag Archives: Stocks

Corporate America is raking in fat profits. Will it last?

Corporate America is growing practically nonstop thanks to massive tax cuts and a booming economy. Already fat profits at S&P 500 companies are on track to spike by nearly 25% during the second quarter. That would tie the first quarter for the fastest growth since 2010, according to FactSet. The across-the-board success includes everyone from Apple and Amazon to Chevron

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US markets: Turkey’s economic woes continue

Last week’s concerns over the state of Turkey’s economy continue, with markets in both the Asia-Pacific region and Europe showing red across the board Monday. Stocks, too, continue to see red, after Turkey’s financial troubles sparked fear of contagion and the country’s currency took a deep slide. On Friday, the lira temporarily tumbled 20 percent against the U.S. dollar, after

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Americans are spending like crazy. Can the good times last?

1. Shop until you drop: The economy is booming because unemployment is low and people are spending more of their paychecks at Walmart, Macy’s, Home Depot and a bunch of other retailers that report earnings this week. Consumer spending accounts for more than two-thirds of the American economy, and there’s no better indicator for how much people are shopping than

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earnings and data in focus, US-China trade spat intensifies

Richard Drew | AP Traders work on the floor of the New York Stock Exchange, Monday, April 2, 2018. Markets in the Asia-Pacific and European regions were pointing in different directions Thursday, as investors monitored the latest developments in the trade spat between the U.S. and China. On Wednesday, U.S. Treasury yields came under pressure after Beijing announced it would…

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US-China trade tensions and oil in focus

Asia markets were set to open slightly lower on Thursday after the U.S. markets were mostly little changed overnight following the unveiling of new Chinese tariffs on American goods. Australia’s SPI futures traded at 6,207, which was a touch lower than the ASX 200’s last close at 6,268.5. Nikkei futures in Chicago and Osaka traded around 22,570 compared to the…

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