Major US stock indexes were mixed on Tuesday amid trade tensions that have dimmed growth expectations, including for the chemical giant BASF. Negotiations to defuse the yearlong tariff dispute are set to resume, but the two sides remain far apart on key issues. The market is also expecting a less aggressive rate cut at the end of the month after a surprisingly robust June jobs report out last week. Visit Markets Insider for more stories.
Major US stock indexes were mixed on Tuesday amid trade tensions that have dimmed growth expectations, including for the chemical giant BASF. Negotiations to defuse the yearlong tariff dispute are set to resume, but the two sides remain far apart on key issues. The market is also expecting a less aggressive rate cut at the end of the month after a surprisingly robust June jobs report out last week. Visit Markets Insider for more stories.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street Chiefs’ Pay Doesn’t Sync With ReturnsWall Street companies delivered significant losses to their shareholders last year, but the pain didn’t spread to the top. The chiefs of banking and financial institutions in the S&P 500 received a median raise of 8.5% last year, compared with 5.6% for CEOs in the broader index, according to a Wall Street Journal analysis. If there's any pain, a golden parachute will soothe it. Let's just hope it gets wrapped around their necks. No wonder their famous MondayMotivation tweet was sent: No surprises here... They never get hurt . If anyone else did a bad job at work , they get demoted or fired ! Not rewarded !
Source: WSJ - 🏆 98. / 63 Read more »
Wall Street minnows pitch merger nirvanaPiper Jaffray’s CEO reckons a $485 mln purchase of Sandler O’Neill will double his margins, without cost cuts or new revenue. The target’s capital-lite business is one factor; the buyer’s subpar performance is another. In relative terms the tie-up’s returns will just be middling.
Source: Breakingviews - 🏆 470. / 51 Read more »
US stocks drop on lower odds for steep Fed rate cutStocks are down on Wall Street in morning trading amid growing speculation among investors that unexpectedly strong U.S. employment data may keep the Federal Reserve from aggressively cutting interest rates How can an economy be strong and the need to cut interest rates exist? Im afraid if we get another recession It’s almost as if they know that a down market increases the likelihood of a rate cut, which then leads to a bigger bump in stock prices. A skeptical, critically thinking individual may think they’re gaming the system. But, of course, Wall Street wouldn’t do that.
Source: ABC - 🏆 471. / 51 Read more »