banking

HSBC Shares Down After Earnings Report

HSBC Shares Down After Earnings Report

HSBC Holdings plc (NYSE: HSBC) has reported a successful 2017 Fiscal year. Reporting that their profit before tax increased over 140% to $17.17 billion and their adjusted revenue increased to $51.5 billion, which is up 5% from 2016 and their fu..

JPMorgan Introduces $20 Billion Investment Plan

JPMorgan Introduces $20 Billion Investment Plan

On Tuesday, JPMorgan Chase & Co. (NYSE: JPM) introduced a $20 billion investment plan aimed to hire more employees, hike wages, open new branches, as well as expand the business in order to take advantage of the U.S. tax law changes and a more p..

International Stocks Up, Dollar Rebounds

International Stocks Up, Dollar Rebounds

International equity indexes went north on January 16, all set for wide gains. The European shares lighted up the way, taking their direction from positive trading trends in Asia-Pacific region. The US dollar also bounced up from its three year low ..

Stock Market Surge Due to Republican Proposals

Stock Market Surge Due to Republican Proposals

The long-running bullish market has been provided another impetus by the tax slash proposal of the Republican administration. The positives have been felt for a couple of weeks. This positive effect is expected to overflow into 2018. This happens al..

Gold Rises Ahead of Fed Meeting

Gold Rises Ahead of Fed Meeting

Gold price rose slightly as investors are closely watching the Federal Reserve meeting this week.Spot gold rose 0.18 percent to $1,244.24 per ounce during Tuesday’s trading session. It rebounded from a near five-month low. While gold future fo..

HSBC ahead in Foreign Investment

HSBC ahead in Foreign Investment

HSBC has a three year head start on their foreign investment banking competitors in China due to their management control of their securities venture. Currently, non Chinese groups are limited to only 49% per cent stakes in joint ventures. However, ..

SoftBank to Purchase Uber Shares at 30% Discount

SoftBank to Purchase Uber Shares at 30% Discount

On Monday, SoftBank announced offers to buy Uber shares valuing at a 30% discount of $48 billion off of the most recent valuation of $68.5 billion. Back in October, SoftBank’s investment in Uber has lead the ride hailing company to limit some ..