General Electric Shares Gain Despite a Q3 EPS Miss, Slashed FY Profit Forecast By

© Reuters. By Senad Karaahmetovic Shares of General Electric (NYSE:) are up about 5% in pre-open Tuesday trading after the company delivered mixed Q3 results. General Electric an EPS of $0.35, a big miss compared to the analyst estimate of $0.50. Revenue for the quarter came in at $19.1 billion versus the consensus estimate of … Read more

Gold Still Lacking Footing, But Steadies for Slight Weekly Gain

By Barani Krishnan — Gold longs haven’t been able to crawl out of the mid-$1,600 hole they fell into a month ago. But after a wretched week last week that proved to be its worst in two months, the yellow metal managed a positive showing this week, although its gain itself was tiny. Gold’s … Read more

Credit Suisse Shares Gain After Bank Moves to Repurchase $3B in Debt

By Scott Kanowsky –Shares in Credit Suisse Group AG (SIX:) (NYSE:) rose in both Switzerland and the U.S. on Friday, after the embattled lender offered to buy back about CHF 3B ($3.02B) of its own debt in an effort to solidify investor confidence as scrutiny over the health of its balance sheet increases. In a … Read more

Dow Futures Gain, SGX Nifty Up: D-St Likely to Open in Green After A Day’s Pause

By Malvika Gurung — The listed on the Singapore-based Exchange SGX, an early indicator for , traded 0.51% or 88.5 points higher at 8:49 am on Thursday, indicating Dalal Street to make a positive opening after a day’s break, bucking an overnight fall in the US market. Further, the gained 0.46% and surged 0.65%. Major … Read more

KeyBanc Upgrades Homebuilders – Early Pain Equals Early Gain By

© Reuters. By Sam Boughedda A KeyBanc Capital Markets analyst upgraded the firm’s stance on homebuilders to Overweight from Underweight based on their “Early Pain = Early Gain” thesis. He told investors in a research note that, on balance, they see fundamental and rate pressure persisting but positive relative performance, supporting their upgrades. Shares of … Read more

Oil Rolls Back Labor Day Gain, Loses More With OPEC+’s Tiny Cut

By Barani Krishnan — Lip service seldom lasts long. And so too with OPEC+’s inconsequential cut of 100,000 barrels per day in production. Crude prices were back to where they were on Friday — in the red — as Monday’s thin-holiday-volume boosted 3% gain was rolled back by traders who reckoned that the cut … Read more