Equity markets are recovering some of yesterday’s losses but anxiety and uncertainty continue to dominate after a disappointing start to earnings season. Inflation and interest rate concerns are going nowhere soon and with traders now Read more…
The Canadian dollar continues to push higher and USD/CAD has dropped below the symbolic 1.25 line. The pair is currently trading at 1.2476 and is close to 1.2553, its lowest level since November 10th. US Read more…
Solid pre-market earnings could offset lingering inflation concerns and send stocks higher Wednesday following better-than-expected updates from Procter & Gamble, UnitedHealth and Bank of America. Updated at 8:40 am EST U.S. equity futures moved higher Read more…
Morgan Stanley posts a fourth-quarter earnings beat thanks to strong performances in the bank’s wealth management and asset management groups. Morgan Stanley (MS) – Get Morgan Stanley Report on Wednesday posted stronger-than-expected fourth-quarter earnings thanks Read more…
More than half of Americans couldn’t cover a surprise $1,000 bill — and inflation is making it worse, according to a new survey. A recent Bankrate survey shows that only 44% of Americans could cover Read more…
Dow component Procter & Gamble topped Q2 earnings forecasts and said it’s making ‘significant’ progress in terms of offsetting increased shipping and commodity costs. Procter & Gamble (PG) – Get Procter & Gamble Company Report posted Read more…
The IRS says taxpayers should be prepared for delays and service issues when a messy tax-filing season opens Jan. 24. The IRS has announced that this year’s tax filing season will start on Jan. 24, Read more…
Solid loan growth and a tight grip on expenses added support to stronger-than-expected fourth quarter earnings for Bank of America. Updated at 7:20 am EST Bank of America (BAC) – Get Bank of America Corp Read more…
U.S. air travelers are likely to face more turbulence as carriers around the world cancel flights in and out of the country following the initial rollout of 5G networks. U.S. air travelers are likely to Read more…
Dow component UnitedHealth Group posted better-than-expected Q4 earnings as its Optum division continues to impress. UnitedHealth Group (UNH) – Get UnitedHealth Group Incorporated Report posted stronger-than-expected fourth quarter earnings Wednesday as its healthcare solutions division Optum once Read more…