Stock futures turn negative on trade tensions

Stock futures turn negative on trade tensions

Investors are trying to gauge the impact of the trade tensions between the U.S. and China and figure out where things are headed. Continue Reading Below Dow Jones futures were down 0.21%. The S&P 500 lost 0.10% and the Nasdaq Composite was little changed. U.S. stock indexes were mixed Wednesday, as traders moved to look past concerns of a trade war which have pressured stocks this week. The Dow Jones Industrial Average fell 42.41 points…

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Oil drops on support for OPEC production rise

Oil drops on support for OPEC production rise

article Oil prices fell on Thursday as Iran signaled it may support a small rise in OPEC crude output, possibly paving the way for the producer cartel to agree a supply increase during a meeting on Friday. Continue Reading Below Markets were also pushed lower by an escalating trade disputes between the United States and other major economies, including China, the European Union and India. Brent crude futures were at $74.24 per barrel at 0637…

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Bank investors await U.S. stress test results for payouts

Bank investors await U.S. stress test results for payouts

article There could soon be a plethora of banks and financial institutions lining up to announce dividend hikes and share buybacks once the Federal Reserve completes the release of stress test results starting Thursday afternoon. Continue Reading Below 38 financial firms undergoing the tests are expected to give back to shareholders due to higher profits on the back of tax cuts and rising net interest income. Banks will be able to announce capital return plans…

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Bank of England to keep rates steady, maybe an August hike

Bank of England to keep rates steady, maybe an August hike

article . (AP Photo/Matt Dunham) The Bank of England may give hints on Thursday about where interest rates are headed. Continue Reading Below If the economy is turning the corner, the idea of an August rate increase could be on the table. No change in rates is expected at Thursday’s meeting. The bad news is inflation is drifting down from a five-year high of 3.1 percent hit in November, and growth in the first three…

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Smith & Wesson owner sees weak gun sales in year ahead

Smith & Wesson owner sees weak gun sales in year ahead

American Outdoor Brands, the parent company of gun maker Smith & Wesson, reported stronger fourth-quarter earnings and revenue than Wall Street expected Wednesday, although consumer demand for firearms remained soft. Continue Reading Below During the company’s quarterly earnings call with analysts, CEO James Debney said background check data for the three-month period appeared to show a small surge in buying activity. However, comparable sales slowed down at the end of American Outdoor Brands’ fiscal fourth…

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Moscow beer shortage not impacting World Cup venues, Budweiser says

Moscow beer shortage not impacting World Cup venues, Budweiser says

The beer shortage that has left some Moscow bars and restaurants scrambling to supply thirsty patrons has not impacted FIFA World Cup venues, according to the global soccer tournament’s official beer sponsor. Continue Reading Below Anheuser-Busch InBev, the parent company of Budweiser, confirmed that the brand is experiencing “increased beer demand” in Russia, but said it “expected and had planned for” the surge. As the World Cup’s official beer sponsor, Budweiser holds exclusive rights to…

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US manufacturers report record-high optimism after tax reform

US manufacturers report record-high optimism after tax reform

The National Association of Manufacturers (NAM) said Wednesday its quarterly survey of members revealed a record level of optimism following the passage of tax reform. Continue Reading Below The Manufacturers’ Outlook Survey for the second quarter of 2018 showed that 95.1% of manufacturers have a positive outlook for their businesses, the best result in the survey’s 20-year history. The industry association also found that U.S. manufacturers are planning to increase investments by 4.1% over the…

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Could China turn to Iran oil? Former Exxon president weighs in

Could China turn to Iran oil? Former Exxon president weighs in

President Trump is embroiled in several simmering trade disputes, but perhaps most concerning to investors are the tensions between the U.S. and China: Most recently, in retaliation to a slew of tariffs imposed by the White House last week, Beijing slapped tariffs on American oil. Continue Reading Below While U.S. oil production may not be quite up to the levels of oil giants Russia and Saudi Arabia, losing the Chinese market would certainly deal a blow…

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AMC Theatres launches subscription movie service to rival MoviePass

AMC Theatres launches subscription movie service to rival MoviePass

AMC Theatres on Wednesday said it would launch a subscription service that will allow customers to watch up to three movies per week for a monthly fee, challenging a rival service offered by MoviePass. Continue Reading Below Dubbed the “AMC Stubs A-List,” the subscription service will cost $19.95 per month and kick off on June 26. Subscribers can view films at any AMC location at any time and will also gain access to other benefits,…

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American, United shares rise as airlines rip Trump immigration policy

American, United shares rise as airlines rip Trump immigration policy

American Airlines and United Airlines shares rose Wednesday as the domestic carriers criticized the Trump administration’s immigration policy, asking federal officials not to use its planes to transport children who have been separated from their families as part of its crackdown on illegal immigration. Continue Reading Below “The family separation process that has been widely publicized is not at all aligned with the values of American Airlines — we bring families together, not apart,” the…

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