Thursday Market minute Global stocks fall as coronavirus infection rates remain high in the United States and investors ignore stronger-than-expected GDP data in China. China’s second-quarter GDP grows 3.2%, but June retail sales fell for the fifth consecutive month, underscoring the fragility in the world’s second-largest economy. Infections in the …
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S Shares fell in Asia on Thursday as investors reflected on figures showing China’s economy returned to growth in the last quarter. The Shanghai SHCOMP Composite Index, -4.49% led the falls on Thursday, falling 4.2% to 3,262.41. Benchmarks also fell in Tokyo, Hong Kong, and Sydney. News that China’s economy …
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While Goldman Sachs (GS) – Get report Attracts Investor Attention on Wednesday, That Attention Will Soon Shift to Bank of America (BAC) – Get report on Thursday when the company reports earnings before trading begins. Bank of America follows others like Wells Fargo (WFC) – Get report and JPMorgan Chase …
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Stocks ended Wednesday on the upside with the news that a candidate Coronavirus vaccine from Moderna (MRNA) – Get report produced the desired immune response and that group Goldman Sachs (GS) – Get report posted stronger earnings than expected. Optimism was somewhat affected by reports that China promised to retaliate …
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Wells Fargo is a disaster that is forced to cut its coveted dividend. During the Great Recession, Wells Fargo was so strong that it was one of the last banks to touch its dividend. Today is the first. But the fact that Wells Fargo is hurting much more than his …
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