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Tag Archives: momentum

Stocks Build on US Tech Momentum; Treasuries Dip: Markets Wrap

Equities gained on Thursday thanks to growing confidence in the global expansion story, and US technology stocks continued to hold their ground. Treasuries held the recent losses, the 10-year yields climbed to 3 percent. The Stoxx Europe 600 Index rose, all but two sectors rose. US stock futures pointed to a higher opening as Tokyo's shares moved to Sydney after …

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Intel has just finished a huge quarter, but can the momentum hold?

The Intel Corp. announced a strong boomout in the March quarter, fueled by strong growth in the data-centric businesses, but questions remain regarding the sustainability of corporate results and problems with the production of 10-nanometer chips. "We believe the consensus was expected to deliver strong results, but these were really impressive," wrote SunTrust Robinson Humphrey analyst William Stein. Intel significantly …

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Sanchez Walkoff Homer gives Yanks 4-3 victory, momentum of the twins

NEW YORK (AP) Gary Sanchez had a moment to remember. Sanchez beat a three-run homer by Fernando Rodney in the ninth inning and the New York Yankees rallied to defeat the Minnesota Twins 4: 3 to complete a four-game sweep and extend their winning streak to six. "It's definitely a very exciting moment," Sanchez said of a translator. "The other …

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Barclays Trading gives Staley Momentum, but Misconduct Bites

Barclays Plc finally shows some momentum for Jes Staley, whose souped-up investment bank was following the surge in Wall Street equity returns. British bank beat expectations for second consecutive quarter, driven by a 28-percent increase Trading income from equities, which after a volatile start to the year matched US competitors' performance, boosted client activity. The results were overshadowed by another …

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VW appoints Diess CEO to gain momentum to set future course

Volkswagen AG has selected a new leader in a management shakeup to prepare the world's largest automaker for a wave of technological change in the traditional business models of the industry. Herbert Diess, head of the VW namesake brand, becomes chief executive officer as well as overseeing the technology throughout the organization, the company said Thursday in a statement. The …

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China's extensive intercontinental blueprint is gaining momentum

China's massive construction program to redesign trade routes spanning Asia to Africa and Europe is gaining momentum. Since President Xi Jinping's flagship Belt and Road project was announced five years ago, there have been billions of dollars of Chinese investment, some of which have been underway for several years to build railways, roads, ports and power plants. Here is a …

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