Financial Markets

Dollar Regains Composure

The dollar has recouped most of its losses against the yen and euro following anemic personal income and spending data at 10am ET on Thursday. USD/JPY slipped to 117.25 from 117.70 on a 0.2% gain in spending and unchanged income that missed +0.3% expectations for both. Accordingly, EUR/USD shot upRead More

Bonds Give Up Monday Gains in Quiet Trade

U.S. Treasuries were pressured early Tuesday in holiday-thinned inactivity with the shorter end outperforming as equities aimed higher. Prices reversed Monday’s safe-haven bid, with stocks sapping support as recent geopolitical and terrorists incidents losing their sting. The Bank of Japan left policy unchanged, as expected, while the dollar heads towardRead More

Lennar Fiscal Q4 Results Top Street Estimates

Lennar, a homebuilding company, reported Monday fiscal Q4 net income of $1.34 per share, up from $1.21 per share in the prior year period and higher than the $1.27 per share Street estimate provided by Capital IQ. Total revenues for the quarter ended Nov. 30 were $3.38 billion, up fromRead More

Bonds Mixed in Quiet Trade

U.S. Treasuries were mixed late Friday with the long end lower while the short end clung to minor gains in quiet activity. The market had ridden a midday safety rally higher on reports that China had grabbed a U.S. underwater drone in the South China Sea, but rolled back offRead More

BlackRock to Lead Next Funding Round for Financial Technology Platform iCapital Network

BlackRock, an investment and risk management as well as advisory services, will lead the next funding round for iCapital Network, a financial technology platform focused on democratizing access to alternative investments. Shares of BlackRock climbed 1% intraday. Frank Porcelli, the chairman of BlackRock’s US wealth advisory business, will join iCapital’sRead More

Canadian National Railway Discloses Specific Share Buyback Program

Canadian National Railway said late Tuesday it will repurchase common shares under a specific share repurchase program. The purchases are part of the normal course issuer bid for up to 33 million shares, disclosed on Oct. 25. Canadian National said it will enter into an agreement with a third partyRead More