Markets

Published July 19, 2019 Wall Street FOXBusiness Facebook Twitter Comments Print video Market setting itself up for a let down by Fed? Altium Wealth Portfolio Manager Michael Lee on the Federal Reserve and the outlook for Netflix and Microsoft. Wall Street opened with gains on Friday as new indications the Federal Reserve will cut interest rates and strong Microsoft earnings overshadow ongoing concerns over the fate of U.S.-China trade talks. Continue Reading Below In a speech on Thursday, Federal Reserve President John Williams urged the central bank to “act quickly” amid a slowdown in U.S. economic growth. The comments, which investors interpreted as a nod to the expected rate reductions at the end of July, took markets into positive territory after declines for much of the day. MORE FROM FOXBUSINESS.COM... BOEING ANNOUNCES $4.9 BILLION CHARGE RELATED TO 737 MAX JETS GROUNDING MOVERS & SHAKERS: JULY 18, 2019 A … [Read more...] about Wall Street opens higher as rate cut expectations grow

By Ken Martin Published July 19, 2019 Mergers and Acquisitions FOXBusiness Facebook Twitter Comments Print video CBS-Viacom merger decision could be announced next month: Charlie Gasparino FOX Business’ Charlie Gasparino on the potential CBS and Viacom merger. There may soon be another move toward consolidation in the newspaper industry. Continue Reading Below Two of the country's largest newspaper companies are in "advanced talks" according to a Wall Street Journal report. The Journal says that Gannett Co., the owner of USA Today, and GateHouse Media, the owner of the Austin American-Statesman, Palm Beach Post and many papers in small- and mid-sized towns, are nearing a deal that would have GateHouse or its parent buy Gannett. MORE FROM FOXBUSINESS.COM CORVETTE A STAPLE FOR GM DESPITE MAJOR LINEUP OVERHAUL MICROSOFT CLOUD GROWTH BEATS EXPECTATIONS, LIFTS SHARES MINIMUM WAGE HIKE FIGHT CONTINUES AFTER SEATTLE FIRM FILES … [Read more...] about Newspaper chains Gannett, GateHouse in merger talks: Report

Published July 19, 2019 Wall Street FOXBusiness Facebook Twitter Comments Print video Market setting itself up for a let down by Fed? Altium Wealth Portfolio Manager Michael Lee on the Federal Reserve and the outlook for Netflix and Microsoft. Wall Street is poised for small gains on Friday as new indications the Federal Reserve will cut interest rates overshadow ongoing concerns over the fate of U.S.-China trade talks. Continue Reading Below In a speech on Thursday, Federal Reserve President John Williams urged the central bank to “act quickly” amid a slowdown in U.S. economic growth. The comments, which investors interpreted as a nod to the expected rate reductions at the end of July, took markets into positive territory after declines for much of the day. MORE FROM FOXBUSINESS.COM... BOEING ANNOUNCES $4.9 BILLION CHARGE RELATED TO 737 MAX JETS GROUNDING MOVERS & SHAKERS: JULY 18, 2019 A Fed spokesperson, … [Read more...] about Wall Street positioned for gains as rate cut expectations grow

Published July 19, 2019 Markets FOXBusiness Facebook Twitter Comments Print video Trump: I’m getting tremendous complaints about Pentagon cloud contract President Trump on concerns over the cloud-computing contract that is poised to go to either Amazon or Microsoft. Wall Street poised for Friday gains after a busy week of second-quarter earnings despite renewed pessimism over U.S-China trade talks. The top three equity benchmarks are expected to open with slight gains, helped by Microsoft, which is nearing a record after solid quarterly results. Also, Fed Vice Chair Richard Clarida signaled to FOX Business an interest rate cut may come as soon as this month, he joined NY Fed President John Williams who also made dovish comments on Thursday. The combo sent markets higher and cut losses earlier in the day spurred by a drop in Netflix shares after a disappointing earnings report. Continue Reading Below … [Read more...] about Movers & Shakers: July 19, 2019

Published July 18, 2019 Markets FOXBusiness Facebook Twitter Comments Print video Trump: China’s economy has had the worst year in 27 years President Trump talks about China’s economic struggles during a rally in North Carolina. Wall Street expected to open flat as Netflix and trade pessimism drag down markets. The top three equity benchmarks were largely unchanged in futures trading on Thursday as global stocks fell. Netflix, which reported a rare drop in U.S. subscribers and slower-than-expected international growth on Tuesday evening, was a key drag on the Nasdaq. Shares of the streaming site were down double-digits in pre-market activity. Continue Reading Below President Trump takes a fresh dig at China as hopes for a trade agreement dwindle. Trump touted the U.S economy at a rally on Wednesday while highlighting an economic slowdown in China. The continued criticism, which follows a … [Read more...] about Movers & Shakers: July 18, 2019