American Express Co (AXP.N) on Friday reported a higher profit that topped Wall Street estimates for the fourth straight quarter, underpinning a recovery in spending from consumers emboldened by an easing of COVID-19 restrictions.
Corporate results in the industrial and materials sectors could offer a snapshot of how companies in a key swath of the U.S. economy are dealing with surging inflation, supply chain bottlenecks and higher commodity prices.
Swedish bank Swedbank (SWEDa.ST) on Thursday reported better-than-expected net profit for the third quarter on the back of continued strong growth for mortgages and record commission income.
As China’s yuan climbs rapidly to its strongest levels in six years against the currencies of the country’s trading partners, a notable absence of concern and intervention by the authorities is unnerving investors.
HONG KONG, Oct 19 (Reuters) – Asian shares bounced on
The launch of the first bitcoin futures exchange traded fund (ETF) on Tuesday marks a major step toward legitimizing the cryptocurrency, but some ETF investors may face higher costs compared with buying the digital currency itself.
The U.S. securities regulator released its long-awaited post-mortem into January’s GameStop saga, in which retail traders banded together on social media and piled in to GameStop and other “meme” stocks in an attempt to punish hedge funds that had bet against the company, sending its shares soaring.
Optimism for the third quarter earnings season has provided a timely boost for equity markets, which flirted with correction territory in September.
Even by the conservative standards of global organisations, the International Monetary Fund is known for its cautious forecasts. So, when the Fund cut 2021 growth forecast on Tuesday and said it was growing more concerned about entrenched inflationary pressures, there is reason for investors to take notice.
JOHANNESBURG, Oct 7 (Reuters) – Thandi Mkhabela’s money used to
American Express Co (AXP.N) on Friday reported a higher profit that topped Wall Street estimates for the fourth straight quarter, underpinning a recovery in spending from consumers emboldened by an easing of COVID-19 restrictions.
Corporate results in the industrial and materials sectors could offer a snapshot of how companies in a key swath of the U.S. economy are dealing with surging inflation, supply chain bottlenecks and higher commodity prices.
Swedish bank Swedbank (SWEDa.ST) on Thursday reported better-than-expected net profit for the third quarter on the back of continued strong growth for mortgages and record commission income.
As China’s yuan climbs rapidly to its strongest levels in six years against the currencies of the country’s trading partners, a notable absence of concern and intervention by the authorities is unnerving investors.
HONG KONG, Oct 19 (Reuters) – Asian shares bounced on
The launch of the first bitcoin futures exchange traded fund (ETF) on Tuesday marks a major step toward legitimizing the cryptocurrency, but some ETF investors may face higher costs compared with buying the digital currency itself.
The U.S. securities regulator released its long-awaited post-mortem into January’s GameStop saga, in which retail traders banded together on social media and piled in to GameStop and other “meme” stocks in an attempt to punish hedge funds that had bet against the company, sending its shares soaring.
Optimism for the third quarter earnings season has provided a timely boost for equity markets, which flirted with correction territory in September.
Even by the conservative standards of global organisations, the International Monetary Fund is known for its cautious forecasts. So, when the Fund cut 2021 growth forecast on Tuesday and said it was growing more concerned about entrenched inflationary pressures, there is reason for investors to take notice.
JOHANNESBURG, Oct 7 (Reuters) – Thandi Mkhabela’s money used to
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