Wall Street

US Law Firms Initiate Investigation Against Infosys

Four US law firms have said they are investigating potential claims on behalf of Infosys investors on whether the Indian company and some of its …

NYSE

Steve Bannon's exit too soon for investors to cheer

When chief strategist Stephen Bannon's sudden exit from the Trump White House was revealed on Friday in the United States, traders on the floor of …

NYSE

Traders at NYSE cheered when Bannon departed White House

Traders at the New York Stock Exchange loudly cheered Friday as news broke of White House chief strategist Steve Bannon’s departure – a move that …

NYSE

Delving into dual-class structures

Snap Inc.'s (SNAP) initial public offering marked a turning point in investors' attitude toward voting structures that vest control in a small group …

NYSE

Stocks to watch next week

• Key events are scheduled for the companies listed below next week.• <b><br>Notable earnings reports:</b> A tech-heavy list includes 58.com (NYSE:WUBA) on Aug. 21; …

NYSE

Stock traders cheer on Bannon exit

<b>US stocks regained ground on Friday, after it was confirmed President Donald Trump's polarising adviser Steve Bannon would depart the White House.</b><p>Three major indexes turned higher in mid-morning trading and were modestly up by early afternoon.<p>Mr Bannon, a right-wing nationalist, helped shape the …

NYSE

Wall Street recoups losses after report of Bannon's exit | Reuters

This story has not been edited by Firstpost staff and is generated by auto-feed.<p>Published Date: Aug 18, 2017 10:45 pm | Updated Date: Aug 18, 2017 …

Financial Markets

Are Markets More Fragile Than They Look?

Investors are complacent. That’s the conclusion that some have reached because the VIX, which measures volatility in the S&P 500 and is often called …

NYSE

Trump backlash puts his economic agenda at risk

Measuring the market fallout because of the nation’s top CEOs backing away from President Trump is a difficult exercise. Still, Daniel Clifton, a policy strategist at Strategas Research Partners, ticks off a few scenarios to watch.<p>The headline of his report, “Republicans Likely to Lose Control of …

NYSE

CEO’s abrupt resignation shocks tech firm investors

Vishal Sikka, the chief executive brought in to turn around India’s Infosys three years ago, resigned suddenly on Friday, blaming a “continuous …

NYSE

At NYSE, floor traders cheer news of Bannon's White House exit

At the New York Stock Exchange Friday, floor traders cheered when Steve Bannon was dismissed.<p>Traders came to work in a nervous state Friday morning. …

NYSE

NYSE cheers after Steven Bannon's exit from White House

Traders on the floor of the New York Stock Exchange erupted in cheers and applause Friday, as White House Chief Strategist Steve Bannon’s departure …

NYSE

WATCH: New York Stock Exchange traders erupt in cheers over news that Bannon is out

Traders on the floor of the New York Stock Exchange (NYSE) erupted into cheers when they heard the news that President Donald Trump’s White House has …

NYSE

Sports retailers get routed

NEW YORK (AP) — Sporting goods retailers can't shake their losing streak.<p>Shares of sporting goods stores plummeted Friday after Foot Locker and smaller rival Hibbett Sports reported a drop in sales Friday. Both companies also offered gloomy outlooks for the rest of the year.<p>Stores that specialize …

NYSE

Dow downdraft continues, day after its worst drop in three months

The Dow opened lower Friday, a day after suffering its worst drop in three months as investors assess the stock market's next move after a record-setting run.<p>In early trading the Dow Jones industrial average was down 70 points, or 0.3%, to 21,680, hitting its lowest level since July 25.<p>Investors …

NYSE

Stocks start lower; Foot Locker and Deere dive

Stocks are opening with small losses as a steep slump for farm equipment maker Deere hurts industrial companies.<p>Deere fell 7.2% Friday after its third-quarter sales came up short of Wall Street estimates.<p>Banks fell as bond yields continued to decline. Lincoln National lost 1%.<p>Athletic gear retailer …

Markets

Art Cashin: Dow would drop up to 1,000 points if multiple Trump advisors were to resign

If more than one member of President Donald Trump's team resigns, the Dow could fall 500 points or more, closely followed trader Art Cashin told CNBC …

NYSE

Wall Street ends down after White House shakeup

U.S. stocks closed lower after another volatile session on Friday as the latest White House shake-up kept investors jittery about the outlook for the Trump agenda.<p>The Dow Jones Industrial Average .DJI fell 76.22 points, or 0.35 percent, to 21,674.51, the S&P 500 .SPX lost 4.46 points, or 0.18 …

NYSE

Stocks Rise, Traders Cheer After News of Bannon's Exit

White House Chief Strategist Steve Bannon’s departure Friday was welcome news on Wall Street, where markets rallied and traders on the floor of the …

NYSE

Despegar files for IPO

Despegar has filed for an IPO on the New York Stock Exchange, with the supporting documents giving a detailed insight into the financial and …

NYSE

Stocks mixed as Dow set to post worst 2-week drop of 2017

Stocks (^DJI, ^GSPC, ^IXIC) are mixed at the midday mark, with the utilities (XLU) and tech (XLK) sectors the most in the green, while real estate …

NYSE

Barcelona Death Toll Rises to 14, Trump Tweets Commitment to Stop Terrorism

President Donald Trump tweeted his condemnation of radical Islamic terrorism Friday morning, a day after a man drove a van into a crowded Barcelona …

NYSE

7 signs the stock market is ready to run smack into a wall

The stock market’s relentless rally to records may soon be facing a key test.<p>A number of indicators point to a steady, halting deterioration of some of the factors that have helped Wall Street equities score a steady stream of all-time highs.<p>Peek beneath the hood of the action, and market …

NYSE

We tried the ultra-decadent secret 'billionaire menu' at Wall Street’s oldest steakhouse that features a $100 grilled cheese

Just a few short blocks from the New York Stock Exchange, another Wall Street institution sits at its centuries-long perch at the triangular intersection of William and Beaver streets.<p>Delmonico's is widely considered to be one of the very first sit down restaurants in America, born at a time when …

NYSE

US stocks tumble to worst loss in 3 months in broad selling

NEW YORK (AP) — U.S. stocks plunged Thursday as losses for Cisco Systems hurt technology companies while Wal-Mart declined after its latest quarterly report. Banks also dropped as bond yields and interest rates sank for a second day.<p>It was the second-worst day for stocks this year, which has seen …

Markets

Listen: NYSE Traders Break Out in Cheers Upon News of Bannon’s Ouster

CNBC caught the spontaneous moment amid breaking reporting about Trump’s most controversial strategist.<p>Upon hearing the news Friday that President Trump’s chief strategist Steve Bannon has been ousted from the White House, traders on the floor of the New York Stock Exchange broke out in cheers and …

NYSE

Summer rumblings could herald a stormy fall for U.S. stocks

NEW YORK (Reuters) - The Trump-fed rally in stocks, lately showing signs of faltering as the long Wall Street summer nears its end, faces a key test in the weeks ahead with the approach of a historically unkind season for equities and a clutch of issues - such as raising the debt ceiling - awaiting …

NYSE

Alibaba earnings reveal ‘blowout quarter’ for soaring e-commerce giant

Alibaba has released its latest quarterly earnings report of the year, and it certain to make stockholders very, very happy.<p>Not content with …

NYSE

Orange County employee pension fund alleges big banks are costing retirees money

Three major public pension funds, including the Orange County Employees Retirement System, have sued a half-dozen Wall Street banks, alleging they illegally conspired to control a corner of the stock market, leading to higher charges for the funds and thus less money for retirees.<p>In a lawsuit filed …

NYSE

Shift from non-GAAP bottom lines could be good for stock prices

SAN FRANCISCO (Reuters) - Investors worried about lofty stock-market valuations may take comfort in signs that companies in the benchmark S&P 500 index are padding their bottomlines less than they have in previous years.<p>Recent changes to accounting standards and a crackdown last year by the …

NYSE