Street | Common News Update

Feb162019 by adminNo Comments

Street protests in Haiti strand Canadian missionaries, nurses

Feb. 16 (UPI) -- Helicopters were being used to evacuate Canadian missionaries, nurses and visitors from towns in Haiti amid street protests. They have been stranded for the past week because roads have been littered and cars set on fire. Demonstrators have called for President Jovenel Moise to resign over soaring inflation and corruption allegations but the leader said Thursday he "will not leave the country in the hands of armed gangs and drug traffickers." The 113 Quebec tourists staying at the Royal Decameron resort, about 50 northwest of Port-au-Prince, the capital, were transported by helicopter to the airport and then flown to Montreal, Premier François Legault said, according to CBC. Also, all missioners have been evacuated via multiple helicopter trips from their compound ...

Jan272019 by adminNo Comments

Kamala Harris' complicated history with Wall Street will come under scrutiny in the 2020 race

Finance

Sen. Kamala Harris' history with Wall Street and the banking industry is about to come under scrutiny in a big way as the California Democrat joins what is expected to be large group of candidates seeking to topple President Donald Trump in 2020. Harris, of California, has a history of squaring off with the banking industry. The senator, who is under fire from the left over her track record on criminal justice matters, has also been criticized for not going far enough against Wall Street. With the Democratic base moving further to the left since President Donald Trump's election, the party's 2020 presidential candidates' rela...

Jan202019 by adminNo Comments

The market's win streak is no fluke: A Wall Street bull sees record gains ahead

Finance

The market's win streak may be just beginning. Edward Yardeni, who spent decades on Wall Street running investment strategy for firms such as Prudential and Deutsche Bank, predicts stocks will break out to all-time highs this year. He's partly building his bull case based on a chart pointing to negative market sentiment. "At the end of last year the bull-bear ratio, which is something we watch from Investors Intelligence, fell below one," the Yardeni Research president told CNBC's "Trading Nation" on Friday. "It's got an awfully good track record as a...

Jan152019 by adminNo Comments

The trading business on Wall Street is struggling and that could mean bad news for these banks

Finance

One of Wall Street's big money-makers has been disappointing for major banks lately. Trading stocks and bonds on behalf of clients has historically been a cash-cow, especially in choppy markets. But as the top U.S. banks report results from the last quarter of 2018, it's becoming clear that trading wasn't a boost to banks' bottom lines. Citigroup and J. P. Morgan both unveiled lower-than-expected fourth quarter trading revenue, especially for fixed income. While it could be a one-off for what was a dismal December in the markets, analysts say it's lik...

Jan152019 by adminNo Comments

Wells Fargo slated to report fourth-quarter earnings on Tuesday — here's what Wall Street expects

Finance

Wells Fargo is scheduled to report fourth-quarter earnings before the market opens on Tuesday. Here's what Wall Street expects: Earnings: $ 1.16 cents per share, forecast by Refinitiv.Revenue: $ 21.73 billion, forecast by Refinitiv. Wells Fargo is still working through its regulatory issues after the Federal Reserve reportedly rejected its plan to prevent more consumer abuses at the bank. It is also in the midst of a cost cutting plan, including the elimination of up to 10 percent of its headcount. Investors a...