Gas prices at the pump should rise for east coast drivers, after a massive explosion Friday affected operations at a Philadelphia refining complex responsible for as much as 27% of east coast fuel production But how much prices jump depends on the extent of damage and the length of the outage. For now, analysts are
Finance
A post-mortem by British lawmakers and regulators into the suspension of the U.K.’s best known stockpicker’s flagship fund could expose some systemic flaws in the fund industry, analysts have suggested. Conservative Member of Parliament (MP) Nicky Morgan, chair of the Treasury Committee, last week wrote to the CEO of Britain’s most influential investment platform, FTSE
A trader works on the floor during the Slack Technologies Inc. IPO at the New York Stock Exchange (NYSE) in New York, U.S. June 20, 2019. Brendan McDermid | Reuters Check out the companies making headlines after the bell: Beyond Meat fell 4.52% toward the end of extended trading after news that a consumer group,
Traders work on the floor at the New York Stock Exchange, June 5, 2019. Brendan McDermid | Reuters The S&P 500 just set a new intraday record Thursday. For doubters thinking the rally is just a last gasp of the decade-long bull market, analysts who study charts to make buying and selling decisions believe there
The meeting between U.S. President Donald Trump and China President Xi Jinping at next week’s G-20 summit could sway the Federal Reserve at its next meeting, said the chief economist and head of research for Asia Pacific at ING, Rob Carnell. The U.S. central bank held interest rates steady on Wednesday and indicated that no
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut. “I think they’re fully planning on cutting in July, absent stronger data,” said Ed Keon, QMA chief investment strategist. “The market liked it now, but it’s important to keep in mind, rate cuts
This just might be Fed Chair Jerome Powell’s toughest meeting yet because whatever the outcome, odds are high that it will disappoint a large group of people, and that’s not even counting President Donald Trump. The Fed began its two-day meeting Tuesday, and by 2 p.m. ET today, markets will be pouncing on whatever the