United Kingdom  

Wall Street rises as oil worries fade, investors eye Fed rate cut

Reuters Tuesday, 17 September 2019
Wall Street ended higher on Tuesday as the impact of weekend attacks on Saudi Arabia's biggest oil refinery faded and investors awaited a widely expected interest rate cut from the Federal Reserve on Wednesday.
0
shares
ShareTweetSavePostSend
 
Video Credit: Reuters Studio - Published
News video: Wall Street rises as oil worries fade

Wall Street rises as oil worries fade 01:13

U.S. stocks rose Tuesday as the impact of weekend attacks on Saudi Arabia's biggest oil refinery faded and investors awaited a widely expected interest rate cut from the Federal Reserve on Wednesday. Fred Katayama reports.

💡 One News Page Knowledge: Other News Mentions

Wall Street Wall Street Street in Manhattan, New York

BoA: Reasons To Buy Discount Store Stocks [Video]

BoA: Reasons To Buy Discount Store Stocks

Business Insider reports that banks' and tech giants' earnings largely impressed Wall Street. Bank of America says discount stores are set to post similarly positive results, according to Bank of America. BoA analysts expect the sector's second-quarter figures to hold strong thanks to rising food sales and improvement in general merchandise revenue. Thanks to momentum in higher-profit categories and successful online operations Walmart, Target, and Dollar Tree are in good positions.

Credit: Wochit News    Duration: 00:50Published
Stocks rise, Disney surges after hours [Video]

Stocks rise, Disney surges after hours

Wall Street ended higher after a choppy session on Tuesday, but they were capped by declines in AIG and Microsoft. As Fred Katayama reports, Disney shares shot higher after its adjusted profit handily beat expectations.

Credit: Reuters Studio    Duration: 01:28Published
AMC Theatres, Universal Pictures Forge Historic Deal Allowing Theatrical Releases to Debut on Premium VOD | THR News [Video]

AMC Theatres, Universal Pictures Forge Historic Deal Allowing Theatrical Releases to Debut on Premium VOD | THR News

Wall Street analysts on Wednesday weighed in on AMC Theatres' historic agreement with Universal Pictures that will allow the studio's movies to be made available on premium video-on-demand after just 17 days of play in cinemas.

Credit: The Hollywood Reporter    Duration: 01:27Published
Shopify Crushes Q2 Expectations [Video]

Shopify Crushes Q2 Expectations

On Wednesday, Shopify reported second-quarter earnings results that beat Wall Street's expectations for revenue. The company surged 97% on the year as the coronavirus pandemic boosted online sales. Shares of Shopify surged as much as 12% Wednesday. Business Insider reports the Canadian e-commerce company has gained roughly 170% year-to-date.

Credit: Wochit News    Duration: 00:29Published
Jobless spike, stimulus fight spark stock drop [Video]

Jobless spike, stimulus fight spark stock drop

Wall Street dropped sharply on Thursday as investors fretted over the first weekly jump in jobless claims in months and a battle in Congress over the extension of a special unemployment payout. Conway G. Gittens has the action.

Credit: Reuters Studio    Duration: 01:52Published

Federal Reserve Federal Reserve Central banking system of the United States

Sensex cracks by 335 points but pharma stocks outperform [Video]

Sensex cracks by 335 points but pharma stocks outperform

Equity benchmark indices swung nearly 1 per cent lower during the afternoon session on July 30 ahead of the expiry day of monthly futures and options contracts. At the closing bell, the BSE S and P Sensex was down by 335 points or 0.88 per cent at 37,736 while the Nifty 50 lost 101 points or 0.9 per cent at 11,102. Most sectoral indices at the National Stock Exchange were in the red except for Nifty pharma which gained by 3.1 per cent and IT which crawled up by 0.6 per cent. Nifty bank slipped by 2 per cent, financial service by 1.8 per cent and metal by 1.2 per cent. Among stocks, energy majors were big losers with Bharat Petroleum Corporation down by 8 per cent to Rs 417.80 per share. IndianOil Corporation dipped by 4.1 per cent, ONGC by 2.4 per cent and Power Grid Corporation by 2.3 per cent. Banking scrips too witnessed losses with IndusInd Bank dipping by 5.4 per cent, Axis Bank by 3.4 per cent and State Bank of India by 2.4 per cent while home loan lender lost by 3.6 per cent. Pharma stocks, however, witnessed handsome gains with Dr Reddy's advancing by 4.6 per cent to close at Rs 4,500 per share. Sun Pharma and Cipla were up by 3.7 per cent and 0.8 per cent respectively. Wipro, Infosys, Vedanta, Maruti Suzuki, Britannia and Reliance Industries too traded with a positive bias. Meanwhile, Asian stocks were flat as the US Federal Reserve members voted to leave the target range for short-term rates between 0 and 0.25 per cent to support the country's virus-battered economy. Japan's Nikkei and Hong Kong's Hang Seng were down by 0.26 per cent and 0.69 per cent but South Korea's Kospi moved up by 0.17 per cent.

Credit: ANI    Duration: 01:29Published
Visa And MasterCard May Be Investigated By The Feds [Video]

Visa And MasterCard May Be Investigated By The Feds

US Senator Dick Durbin is requesting the Fed probe card networks and issuers, such as Mastercard and Visa. The senator wants an investigation over potentially anticompetitive fees. Durbin's letter hi-lighted that merchants are paying excessive debit card fees during the pandemic. The companies have planned major fee changes for US-based merchants. The Feds are requesting a competition-based investigating into Visa, Mastercard, and major issuers.

Credit: Wochit News    Duration: 00:37Published
Fed will reassure markets - economist [Video]

Fed will reassure markets - economist

Spartan Capital Securities' Peter Cardillo expects the Fed to say it'll do "whatever it takes" to keep adding liquidity to the markets when policymakers meet this week. But he also tells Reuters' Fred Katayama that he thinks there's a good chance the markets will pull back, regardless of the Fed, because "the economy is faltering."

Credit: Reuters Studio    Duration: 04:14Published
Fed Chair To Congress: Do These Three Things Now To Save The US Economy [Video]

Fed Chair To Congress: Do These Three Things Now To Save The US Economy

The US Federal Reserve is expected to remain apolitical and stay out of the business of Congress. Even so, President Donald Trump has repeatedly jeered at Fed Chair Jerome Powell, even going so far as to call him 'an enemy of the state.' Nevertheless, Business Powell stuck his neck out in a Congressional hearing this week, calling for more government intervention in the economy.

Credit: Wochit News    Duration: 00:39Published
Shares Drop As Wall Street Waits For Fed's Take On US Economy [Video]

Shares Drop As Wall Street Waits For Fed's Take On US Economy

Investors on Tuesday paused ahead of a Federal Reserve Meeting that could reveal the Fed's view on recent signs of economic recovery. No major policy announcements are expected when the US central bank's meeting wraps up on Wednesday. However, investors will scrutinize its remarks on the health of the economy, which has been reopening slowly after coronavirus-related closures. According to Reuters, the S&P 1500 airlines index declined 8.5% on Tuesday.

Credit: Wochit News    Duration: 00:34Published

Saudi Arabia Saudi Arabia Country in Southwestern Asia

US court issues summons for MBS in al-Jabri case [Video]

US court issues summons for MBS in al-Jabri case

Former Saudi intelligence officer filed lawsuit accusing the crown prince of sending a hit squad to try and kill him.

Credit: Al Jazeera STUDIO    Duration: 03:21Published
Saudi hit squad allegations: US says al-Jabri a 'valued partner' [Video]

Saudi hit squad allegations: US says al-Jabri a 'valued partner'

Saad al-Jabri has accused Saudi Crown Prince Mohammed bin Salman of trying to assassinate him.

Credit: Al Jazeera STUDIO    Duration: 02:04Published
Exiled Saudi Intel Officer Accuses MBS Of Deploying Hit Squad To Kill Him [Video]

Exiled Saudi Intel Officer Accuses MBS Of Deploying Hit Squad To Kill Him

Former top Saudi intelligence official Dr. Saad Aljabri has charged the Saudi Crown Prince of ordering his assassination. CNN reports Aljabri alleged in a legal complaint in DC District Court that an assassination squad traveled from Saudi Arabia to Canada to try to kill him. Aljabri says the squad came after him just days after journalist Jamal Khashoggi was murdered by members of the same group.

Credit: Wochit News    Duration: 00:34Published
Saudi crown prince sued over alleged hand in murder plot [Video]

Saudi crown prince sued over alleged hand in murder plot

Mohammed bin Salman is accused of dispatching a group of hitmen to kill a former top Saudi intelligence official - Saad al-Jabari, who is in exile in Canada.

Credit: Al Jazeera STUDIO    Duration: 07:19Published

Saudi crown prince accused of sending hit squad to Canada

Mohammed bin Salman has been accused of sending a hit-squad to kill a former Saudi official.
BBC News

You Might Like


Related videos from verified sources

Wall St. ends higher as trade fears recede [Video]

Wall St. ends higher as trade fears recede

U.S. stocks rallied on Monday as investors set aside worries about the U.S.-China trade war. Conway G. Gittens has the trading action.

Credit: Reuters Studio     Duration: 01:41Published
Here's What Has Micron Investors So Worried After Earnings [Video]

Here's What Has Micron Investors So Worried After Earnings

Micron beat estimates on sales and earnings, and even guided for higher revenue than initially expected. So what's the problem? It wasn't just the lower-than-expected earnings management guided for..

Credit: The Street     Duration: 01:29Published
What The Impeachment Inquiry Means For Your Portfolio [Video]

What The Impeachment Inquiry Means For Your Portfolio

Impeachment is not necessarily what's driving the market higher Wednesday, Wall Street says. Before we get into this, let's just understand how markets function. Markets discover price based on..

Credit: The Street     Duration: 01:46Published

Related news from verified sources

India Approves Saudi Aramco-Sabic Mega Deal

The mega deal in which Saudi Aramco is buying 70 percent in Saudi chemicals giant Sabic cleared another hurdle on Friday after India’s competition authority...
OilPrice.com

RBC Capital Markets: Aramco Shake-Up Aims To Fast Track IPO

The change of the chairman of oil giant Saudi Aramco is paving the way for fast-tracking the listing of the world’s biggest oil firm, as Saudi Arabia’s Crown...
OilPrice.com

Saudi Energy Reshuffle Will Have No Effect on Ties with Russia: Novak

The energy ministry reshuffle Saudi Arabia announced earlier this week will have no impact on Saudi-Russian relations in that area, Russian Energy Minister...
OilPrice.com


Tweets about this