Oil slips on profit-taking from Iran-based rally
NEW YORK (Reuters) – Crude prices slipped on Thursday, giving up early gains as investors took profit on a rally triggered by potential disruption to oil flows from major exporter Iran in the face of U.S. sanctions.
Wall Street climbs as CPI data cools rate hike fears
(Reuters) – The Dow Jones Industrial Average was on track for sixth day of gains and the S&P 500 edged past a key technical level after tepid inflation data cooled worries of faster interest rate hikes.
Dollar, yields slide on soft U.S. inflation
NEW YORK (Reuters) – The U.S. dollar slid and U.S. government debt yields fell on Thursday as a modest rise in consumer prices in April damped expectations that faster inflation could lead the Federal Reserve to boost interest rates more than expected …
Goldman Sachs, Apple to launch joint credit card: WSJ
(Reuters) – Goldman Sachs and Apple Inc are preparing to launch a joint credit card, the Wall Street Journal reported https://www.wsj.com/articles/goldman-sachs-apple-team-up-on-new-credit-card-1525965387 on Thursday.
Wells Fargo lowers expected earnings hit from regulatory cap on assets
BOSTON (Reuters) – Wells Fargo & Co on Thursday said a cap on asset growth imposed by regulators after various sales practices scandals would hurt earnings less that it expected this year, and forecast 2019 expenses below Wall Street expectations.
Oil surrenders gains as investors take profit on Iran-based rally
LONDON (Reuters) – Crude oil fell on Thursday, giving up earlier gains as investors took profit on a rally triggered by potential disruption to oil flows from major exporter Iran in the face of U.S. sanctions.
Wall Street rises as CPI data cools inflation fears
(Reuters) – Wall Street was higher on Thursday after U.S. consumer prices increased modestly in April, cooling worries of accelerating inflation that would have made a case for faster interest rate hikes.
Wells Fargo gives better-than-expected expense outlook, shrinks asset cap hit
BOSTON (Reuters) – Wells Fargo & Co on Thursday said the aftertax impact on net income of a regulatory cap on its assets will be less than $100 million in 2018, and gave an outlook for 2019 expenses that was slightly lower than analyst expectations.
Wall Street opens higher after CPI data misses forecast
(Reuters) – Wall Street was higher on Thursday as a weaker-than-expected rise in U.S. consumer prices in April cooled inflation fears.
U.S. consumer prices rise slightly; labor market tightening
WASHINGTON (Reuters) – U.S. consumer prices rose less than expected in April, suggesting that inflation was increasing at a moderate pace, which could allow the Federal Reserve to continue gradually raising interest rates.
