Cardillo’s Corner

November 12, 2018

S&P 500 snaps 3-day winning streak as the Fed looks to stay the course on raising rates

The S&P 500 closed lower on Thursday following big gains in the previous session as investors digested the latest monetary policy decision from the Federal Reserve. The broad […]
November 12, 2018

Business Live: Oil drops in price U-turn

Wall Street – nothing to see here There’s little change for US stocks after the Federal Reserve kept rates unchanged. Peter Cardillo, chief market economist for […]
November 8, 2018

Fed holds rates steady, sees economy on track

NEW YORK (Reuters) – The U.S. Federal Reserve held interest rates steady on Thursday and said ongoing strong job gains and household spending had kept the […]
November 8, 2018

Dow surges nearly 550 points because investors like divided government

By Chris Isidore, CNN Busines By Chris Isidore, CNN Business Wall Street likes divided government, and investors got just what they were hoping for. Stocks moved […]
November 8, 2018

Iran: is there life without SWIFT?

Immediate prospects for oil prices will be near current levels The fact is that concerns about sanctions have died down because some countries have received an exception […]
November 7, 2018

Stocks jump because investors like divided government

By Chris Isidore, CNN Business New York (CNN Business)Wall Street likes divided government, and investors got just what they were hoping for. US stock futures moved higher in […]
November 5, 2018

U.S. snaps back Iran sanctions

The United States snapped sanctions back on Iranian oil imports while temporarily allowing top customers such as China and India to keep buying crude from the […]
November 5, 2018

NXP Semiconductors gain 4.6 per cent, Apple inches up 0.7 per cent

The S&P S&P 500 futures pointed to half a per cent rise at the open following gains in Chinese shares on a new round of stimulus […]
November 5, 2018

Wall St higher for fourth day on trade deal hopes, but Apple drags

By Shreyashi Sanyal Nov 2 (Reuters) – The Dow and the S&P rose for a fourth straight day on Friday, lifted by strong earnings and optimism […]