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Bank stocks sink on Moody’s downgrades, Italy’s windfall tax

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Bank stocks sink on Moody’s downgrades, Italy’s windfall tax

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar/File Photo Acquire Licensing Rights Italy’s 40% one-off tax hit bank shares Moody’s downgrades 10 U.S. lenders, flags real estate exposure Regional bank stocks lower Aug 8 (Reuters) … Read more

Wall Street closes near flat as Treasury yields surge

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Wall Street closes near flat as Treasury yields surge

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) Amazon surges in extended trade after results Gloomy Spirit, Expedia results drag travel stocks lower PayPal drops after weak Q2 margins Qualcomm tumbles on signaling more pain from smartphone slump Aug 3 (Reuters) – U.S. … Read more

Fitch downgrade highlights investor worries about US fiscal picture

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Fitch downgrade highlights investor worries about US fiscal picture

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. REUTERS/Brendan McDermid/File Photo Aug 2 (Reuters) – Fitch’s downgrade of the U.S. credit rating is likely to exacerbate unease about the country’s debt position, political polarization and the global standing of the U.S. dollar, investors … Read more

Endgame for Fed’s tightening cycle challenged by easing financial conditions

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Endgame for Fed’s tightening cycle challenged by easing financial conditions

July 28 (Reuters) – (This July 28 story has been refiled to remove the garbling in paragraph 2) Less tight financial conditions as exhibited by the red-hot stock market may increase the chances that the Federal Reserve hikes rates again before the end of the year, some economists reckon, even as financial markets put little … Read more

Morning Bid: Bank of Japan excites, Dow unlucky, Intel jumps

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Morning Bid: Bank of Japan excites, Dow unlucky, Intel jumps

A look at the day ahead in U.S. and global markets from Mike Dolan The Bank of Japan added its own twist to a week of rising central bank interest rates on Friday, and it proved an unlucky 13 for Dow Jones bluechips (.DJI) on Wall St. The BOJ’s long-awaited tweak of its ultra-easy bond-buying … Read more

Analysis: Stock sale frenzy foretells US IPO market comeback

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Analysis: Stock sale frenzy foretells US IPO market comeback

Signage for TXO Energy Partners is seen at the New York Stock Exchange (NYSE) to celebrate their IPO in New York City, U.S., January 27, 2023. REUTERS/Andrew Kelly Acquire Licensing Rights NEW YORK, June 21 (Reuters) – A flurry of stock sales by companies points to a likely wave of initial public offerings launching come … Read more