A figurine of the Nintendo Co. video-game series The Legend of Zelda character Link is displayed inside the Nintendo TOKYO store during a media tour in Tokyo, Japan, on Tuesday, Nov. 19, 2019. Kiyoshi Ota | Bloomberg via Getty Images Shares of Nintendo plummeted on Friday afternoon a day after the company reported operating profit […]
Tag: Markets
Dow positive, coronavirus ‘buy’ signal?, record copper losing streak
The Facebook logo is displayed during the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Justin Sullivan | Getty Images This is a live blog. Check back for updates. 3:05 pm: Dow turns positive as WHO calms coronavirus fears The Dow erased a 200-point drop and turned positive after the World Health […]
Russia closes China border as outbreak tops 7,900
Passengers wear face masks to protect against the spread of the Coronavirus as they arrive on a flight from Asia at Los Angeles International Airport, California, on January 29, 2020. Mark Ralston | AFP | Getty Images All times below are in Eastern time. 8:15 am: Cruise ship hold 6,000 passengers near Italy Costa Cruises […]
Bank of England holds key interest rate steady
Mark Carney, the outgoing Governor of the Bank of England. Matt Dunham | WPA Pool | Getty Images The Bank of England (BOE) on Thursday held interest rates following Governor Mark Carney’s final monetary policy meeting. Sterling jumped 0.5% against the dollar to trade at around $1.3084 after the central bank’s Monetary Policy Committee (MPC) […]
Fourth quarter GDP could show economy entered a slower growth patch at year-end
Economic growth in the final quarter of the year is expected to be on par with the third quarter’s 2.1%, but it is also likely to herald the start of a slower trend that could continue through the first half of this year. Fourth quarter growth is expected to have been 2.1%, according to Dow […]
Powell says he’s not trying to boost stocks, comments on coronavirus
Federal Reserve Board Chairman Jerome Powell speaks during a press conference following the January 28-29 Federal Open Market Committee meeting, in Washington, DC on January 29, 2020. Mandel Ngan | AFP | Getty Images (This is a live blog. Check back for updates.) 3:07 pm: What the trade deals mean for economy “The fact that […]
Here’s how much cash Apple has on hand
Apple CEO Tim Cook greets customers at the grand reopening of Apple’s flagship Apple Fifth Avenue retail store on September 20, 2019 in New York City. Taylor Hill | Getty Images Apple stock is heading into 2020 with a strong rally. Shares are up more than 7% this year and more than 100% since reporting […]
Apple, Starbucks, AMD and more
Customers look at Apple’s new iPhone 11 series smartphones at an Apple retail store at the IFC Mall in Pudong New Area, Shanghai. Alex Tai | SOPA Images | LightRocket | Getty Images Take a look at the companies making headlines after the bell. Apple – Apple stock rose 2.5% after it reported strong fourth-quarter […]
United Airlines cuts some China flights as demand falls amid coronavirus
United Airlines on Tuesday said it is canceling dozens of China flights next month because of a “significant decline in demand” for service to the country as it battles the growing number of coronavirus cases. The Centers for Disease Control and Prevention on Tuesday recommended travelers avoid all nonessential travel to China while the Trump […]
Trump says the Fed should cut rates so the US could then ‘focus on paying off & refinancing debt’
President Donald Trump made another pitch to the Federal Reserve to lower interest rates, this time saying that doing so could help the U.S. pay down its burgeoning national debt. In a tweet Tuesday morning, the president said again that the central bank should cut its key lending rate so it’s more in line with […]
