On Wednesday the Fed said it is not going to raise its key interest rate as expected. They also cut forecasted U.S. economic growth and inflation, and significantly lowered its estimate for the number of rate hikes in 2016. The Fed’s committee, led by Chair Janet Yellen, estimated back in…
The world once again is getting a bit nervous about the health of big banks based in Europe. Not only are bank stocks currently plummeting at what many feel is an alarming pace, investors are now making bets that some banks might even default on their debt should the global economy sink into a…
Here are some of the top headliners before the Bell today: Williams-Sonoma earned 77 cents per share for its latest quarter, 5 cents above estimates, with the housewares retailer also reporting revenue that was very slightly above Street forecasts. Its current quarter outlook is below analyst estimates, as Williams-Sonoma battles…
Corporate earnings season should pick up steam on Wednesday and that will be the next big test for stocks. Take note that big financials like Bank of America, Wells Fargo and BlackRock will report ahead of the opening bell, followed by J.P. Morgan and their disappointing results late Tuesday. J.P. Morgan earned $1.32 per share,…
This Monday morning, U.S. stocks were little changed as investors braced for a very busy week of quarterly results from the major U.S. banks and several Dow 30 companies. Recap Health stocks were down after Eli Lilly (LLY.N) said it was not persuing an experimental heart drug. Shares of Lilly fell…