Treasury yields edge lower as stimulus talks drag

Pelosi and Mnuchin will meet again Thursday as they try to hammer out a deal on a fresh coronavirus aid bill before the Nov. 3 election. The Labor Department's latest jobless claims data will be in focus Thursday, with last week's figures due for publication at 8:30 a.m. ET and initial filings expected to come in at 860,000. U.S. government […]

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Asia-Pacific markets lower as IMF downgrades growth forecast for the region

The IMF on Wednesday downgraded its forecast for Asia-Pacific to -2.2% in 2020 — "the worst outcome for this region in living memory." Shares of ANA Holdings will be monitored following reports that the airline is set to post multi-billion dollar losses for the fiscal year to March. SINGAPORE — Shares in Asia-Pacific declined in Thursday morning trade, as the […]

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Trump's pitch to voters boosted by battleground Iowa's economic recovery

How would Trump, Biden’s economic plans impact the markets? Federated Hermes chief equity market strategist Phil Orlando discusses his outlook for the markets. A sharp drop in Iowa’s unemployment rate could benefit President Trump and Republican Sen. Joni Ernst as they battle for the state’s backing for reelection. Continue Reading Below The state’s unemployment rate in September fell to 4.7%, the […]

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The bond market is starting to wake up with interest rates headed higher

Bond yields have broken out, with the 10-year yield touching a level it has not been at since June. Strategists say the market is responding to the idea that more stimulus spending is coming from Washington, whether it's now or after the election. The 10-year yield, which influences mortgages and other loans, could soon reach the psychological 1% threshold again, […]

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US sues Google in landmark antitrust case

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London (CNN Business)The Trump administration sued Google on Tuesday in what is the largest antitrust case against a tech company in more than two decades. At the heart of the government’s lawsuit is a secretive deal under […]

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Board Member Flags BOJ Concern Over Risks of Prolonged Pandemic

Bank of Japan board member Makoto Sakurai warned that the central bank must be ready to act quickly if protracted fallout from Covid-19 harms the economy and financial system. Speaking to business leaders in the western Japanese city of Fukui via an online meeting, Sakurai indicated that the possibility of the pandemic taking longer-than-expected to die down was a concern […]

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Bank of America shares 12 under-owned stocks likely to soar on earnings this quarter with investing conditions ripe for the picking

According to Bank of America's equity and quant strategy team, 18% of the S&P 500 index components are reporting earnings this week.  The team examined eight different earnings factors and forecasted a 5% upside surprise for the S&P 500 this quarter.   It also screened the S&P 500 for stocks under BofA coverage that are most likely to beat earnings expectations […]

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5 things to know before the stock market opens Tuesday

Dow futures pointed to an over 100 point gain at Tuesday's open, one day after the 30-stock average saw a late-session acceleration in losses to close off 410 points or 1.4%. The S&P 500 fell 1.6%. The Nasdaq lost nearly 1.7%, extending its losing streak to five sessions. The Dow and S&P 500 snapped three down days in a row […]

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13 Companies That Should Consider Stock Splits This Earnings Season

Investing in 2020 has been a wild ride. An 11-year bull market was chopped into an instant recession, only to find the stimulus outweighing the COVID-19 destruction enough that stocks managed to hit new highs again. One trend seen at historic highs that used to be very common in raging bull markets was stock splits. Splits are of course a […]

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Julia Chatterley: This is what uncertainty overload looks like

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London (CNN Business)The prospect of US lawmakers producing another big stimulus package before the election has tantalized investors for months. But there are good reasons to think additional relief won’t arrive anytime soon. The Dow (INDU) closed down […]

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