Stock futures rose in early morning trading on Wednesday as investors looked for guidance from the Federal Reserve on the future path of interest rates with a gradual reopening of the economy in sight. Futures on the Dow Jones Industrial Average traded 144 points...

Take a look at some of the biggest movers in the premarket: American Express (AXP) – American Express reported quarterly profit of $1.98 per share, an adjustment that excludes an increase in credit reserves, with GAAP earnings at 41 cents per share. The consensus...

As the outbreak situation continued to worsen, JPMorgan slashed its forecast for U.S. and global GDP further, now seeing negative growth in two consecutive quarters. The bank called for a “novel-global recession,” but didn’t expect an official downturn to be declared....

Global GDP growth is likely to be just 2.8% in 2020, according to Bank of America Global Research.That would be the worst year since the financial crisis and Great Recession ended in 2009.The coronavirus along with U.S. political uncertainty and the trade war will...

Fed economists say low interest rates have only a “modest” link to asset prices like stocks.That runs contrary to Wall Street thinking that central bank policy has fueled much of the bull market.Every time the Fed has tried to tighten policy, the markets have recoiled...

Monzo CEO Tom Blomfield says big banks are saddled with outdated tech and a risk-averse culture.Blomfield says the banks are “set up to prevent change” and are “hunting out change and trying to kill it.”His mobile bank’s valuation rose to $2.5 billion on the back of a...

U.S. worker productivity rebounded in the fourth quarter, keeping labor costs in check.Nonfarm productivity, which measures hourly output per worker, increased at a 1.4% annualized rate last quarter, the Labor Department said.Growth in unit labor costs — the...

The U.S. trade deficit fell for the first time in six years in 2019 as President Donald Trump hammered China with import taxes.The Commerce Department said Wednesday that the gap between what the United States sells and what it buys abroad fell 1.7% last year to...

Ford – The automaker’s stock dropped 10% in extended trading after the company missed on earnings but beat revenue in its fourth-quarter results. The company lost nearly $1.7 billion during the fourth quarter on higher North American warranty costs tied to the...

The Institute for Supply Management (ISM) said on Monday its index of national factory activity increased to a reading of 50.9 last month, the highest level since July, from an upwardly revised 47.8 in December.The improvement in the ISM data likely reflects ebbing...

The UK's biggest manufacturing lobby groups are calling for more clarity as efforts to establish a new post-Brexit trading relationship gather pace. Yesterday, ahead of Britain's departure from the EU on Friday, representatives of business organisations met the senior...

Check out the companies making headlines in midday trading. Amazon — Amazon jumped nearly 9% in midday trading after the e-commerce giant reported fourth-quarter earnings well ahead of Wall Street consensus expectations. The company’s revenues grew 21% to $87.44...