Bank earnings give big bullish signal to investors, showing consumer is flush and spending

Whether it is better loan growth, credit-card signups, or economic indicators like unemployment, banks are back in expansion mode. Source link

The first bitcoin futures ETF in the U.S. is set to begin trading next week

The bitcoin futures ETF from ProShares will begin trading next week, an amended filing from the company indicated late Friday, marking a milestone moment in the development of the crypto industry in the United States. The Securities and Exchange Commission had not formally approved the creation of bitcoin futures ETF as of Friday afternoon and … Read more

Michael Burry of ‘The Big Short’ asked about shorting crypto days before bitcoin hit $60,000

Andrew Toth | FilmMagic | Getty Images “The Big Short” investor Michael Burry inquired about ways to bet against bitcoin just before the world’s largest cryptocurrency hit a six-month high to breach the $60,000 level. “Ok, I haven’t done this before, how do you short a cryptocurrency,” Burry said in a Wednesday tweet. “Do you have … Read more

Stock futures are flat after S&P has best day since March on strong earnings

U.S. stock index futures were little changed during overnight trading on Thursday, after the S&P 500 posted its best day since March on stronger-than-expected earnings. Futures contracts tied to the Dow Jones Industrial Average gained 36 points. S&P 500 futures advanced 0.11%, while Nasdaq 100 futures were up 0.12%. During regular trading the S&P 500 … Read more

Stocks making the biggest moves premarket: UnitedHealth, Wells Fargo, Walgreens and more

Check out the companies making headlines before the bell: UnitedHealth (UNH) – The health insurer’s shares rose 2.2% in the premarket after beating on the top and bottom lines for the third quarter and raising its full-year earnings forecast. UnitedHealth earned $4.52 per share, 11 cents above consensus, helped by revenue gains at its Optum … Read more

Fed says it could begin ‘gradual tapering process’ by mid-November

Federal Reserve officials could begin reducing the extraordinary help they’ve been providing to the economy by as soon as mid-November, according to minutes from the central bank’s September meeting released Wednesday. The meeting summary indicated that members feel the Fed has come close to reaching its economic goals and soon could begin normalizing policy by … Read more

JPMorgan Chase is set to report third-quarter earnings – here’s what the Street expects

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the Bloomberg Global Business Forum in New York, U.S., on Wednesday, Sept. 25, 2019. Tiffany Hagler-Geard | Bloomberg | Getty Images JPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Wednesday Here’s what Wall Street expects: Earnings: $3 per share, … Read more

Volatile energy markets are here to stay, IEA warns

Steam rises from the cooling towers of the Lippendorf power plant south of Leipzig, Germany. picture alliance | picture alliance | Getty Images Energy prices around the world are at record highs as a power crunch hits Europe and Asia — and the International Energy Agency warned Wednesday that volatility is here to stay. In … Read more

Asia-Pacific stocks mixed; China’s trade data for September ahead

SINGAPORE — Shares in Asia-Pacific traded mixed on Wednesday morning as investors in Asia-Pacific looked ahead to the release of Chinese trade data for September. In Japan, the Nikkei 225 slipped 0.18% while the Topix index dipped 0.28%. Mainland Chinese stocks were mixed, with the Shanghai composite fractionally lower while the Shenzhen component rose 0.398%. … Read more