Home   |   Business News   |   Personal Finance   |   World News   |   U.S. News   |   Technology   |   Stock Alert   |   Stock Picks  |   Breaking News  |   Forex  |   Gold
Custom Search

Wall Street Week Ahead: Optimism among S&P 500 CEOs as Trump takes power

A street sign for Wall Street is seen outside the New York Stock Exchange in Manhattan, New York CityU.S. President Donald Trump's administration is only hours old, but already a small parade of S&P 500 companies' chiefs have voiced optimism that his promised tax cuts, stimulus spending and deregulation will boost corporate profits. In the days ahead of Friday's inauguration, senior executives from Morgan Stanley , Delta Air Lines and other major U.S. corporations said the Trump White House has already sparked a brighter outlook for business. "There is certainly more reason to be optimistic as we enter 2017 than there was at the beginning of 2016," Morgan Stanley CEO James Gorman said on Tuesday after his bank said profit doubled in the fourth quarter.

Wall Street ends higher as Trump becomes president

A trader watches the Trump inauguration on TV on the floor of the New York Stock Exchange (NYSE) in Manhattan, New York CityU.S. stocks closed higher on Friday in a modest but broad-based advance as Donald Trump was sworn in as U.S. President, marking the first time in more than 50 years that a new commander-in-chief has been welcomed by a rising equity market on his first day in office. In his speech, Trump said U.S. policy will be to buy American and hire American, reiterating what he had said many times during this campaign for the White House.

Morgan Stanley CEO James Gorman's 2016 pay up 7 percent to $22.5 million

Morgan Stanley Chairman and CEO Gorman speaks during the Institute of International Finance Annual Meeting in WashingtonMorgan Stanley Chief Executive James Gorman's overall pay rose 7 percent in 2016 as the Wall Street bank's stock soared and it edged closer to hitting a key profitability target. Gorman will receive $22.5 million (18 million pounds) in total compensation, up from $21 million in 2015, spokesman Mark Lake said in an email. Gorman received a $5 million stock bonus for his performance in 2016, an 8 percent increase from 2015, according to a filing with the U.S. Securities and Exchange Commission.

Maverick Capital eyes rebound on bets Trump may roil Wall Street

Lee S. Ainslie III of Maverick Capital speaks at 6th Annual New York Value Investing Congress in New York CityU.S. President Donald Trump's policies could lead to more violent stock market movements, something prominent hedge fund manager Lee Ainslie said could help his portfolio rebound after a lousy 2016. Ainslie's $11 billion Maverick Capital missed out on a rally sparked by Trump's unexpected election in November and ended the year with double digit losses in its biggest funds, underperforming the broader stock market and most hedge funds.

Italy prosecutor asks for jail sentences for five S&P managers

Italian prosecutor Ruggiero leaves the Standard & Poors' offices in MilanBy Vincenzo Damiani TRANI, Italy (Reuters) - An Italian prosecutor has asked for five current and former managers at credit ratings agency Standard & Poor's to be jailed for alleged market manipulation in relation to a sovereign downgrade of the country, a court heard on Friday. Rating agencies have come under fire in Italy for their role during the sovereign debt crisis, when a series of cuts to the country's ratings compounded economic and political problems that sent borrowing costs soaring. Italian prosecutor Michele Ruggiero asked for jail sentences of between two and three years and fines of up to 500,000 euros for the officials, as well as a fine of 4.6 million euros for the rating agency itself.

Nasdaq backs trading illiquid stocks only on listing exchange

The Nasdaq logo is displayed at the Nasdaq Market site in New YorkBy John McCrank NEW YORK (Reuters) - Nasdaq Inc will ask U.S. regulators under the Trump administration to limit the trading of shares of small companies and illiquid exchange-traded funds to the exchanges on which they are listed, the market operator said in a note to clients. Such a move would make it cheaper for investors to buy and sell small-cap stocks and niche ETFs, spur more trading, and improve market transparency, Tal Cohen, Nasdaq's head of North American equities, said in the Jan. 19 note, reviewed by Reuters. Under current stock market rules, all U.S. stocks and ETFs can be traded on any of the 13 registered U.S. stock exchanges, regardless of where they are listed, a system aimed in part at promoting competition and adding resiliency to the market.

Wall Street trims gains as President Trump speaks

A trader works on the floor of the New York Stock Exchange (NYSE) in Manhattan, New York City(Reuters) - U.S. stocks trimmed gains at midday on Friday, shortly after Donald Trump started his inaugural speech during his swearing-in as the 45th U.S. president. The Dow Jones Industrial Average was up 50.88 points, or 0.26 percent, at 19,783.28, the S&P 500 was up 5.41 points, or 0.24 percent, at 2,269.1 and the Nasdaq Composite was up 10.56 points, or 0.19 percent, at 5,550.65.

Wall Street rises as Trump inauguration kicks off

A trader works on the floor of the New York Stock Exchange in Manhattan, New York CityU.S. stocks rose amid gains across sectors on Friday as Donald Trump gets set to become the 45th president of the United States. Trump will be sworn in by U.S. Supreme Court Chief Justice John Roberts in Washington. Investors will focus on Trump's inaugural speech to get more insight into his economic policies.

   S & P 500




   Latest News From CNN Money

Trump says he has "running war" with media
White House press secretary attacks media
This Alaskan town only has one doctor's office
Bipartisan bill aims to reform H-1B visa system
Trump team closing in on White House photographer
   Latest News From The Wall Street Journal
The Burden of One-Party Government
  Business News
  Personal Finance
  World News
  U.S. News


                 Copyright 2007-, Invest.