US equity futures are again higher due a combination of softening trade rhetoric, a dovish Powell who reassured markets that another rate cut was coming, and solid results from BofA and Morgan Stanley. While cooking oil has become the latest flashpoint between the US and China, there are enough positive themes to offset trade-war worries […]

Amid the desert of macro data due to the shutdown, traders are reaching for anything to get a sense of the US economy and this morning’s Empire State Fed Manufacturing Survey offers hope for the future. Specifically, the New York state factory activity unexpectedly expanded and the outlook climbed to the highest since the start […]

from the whoops dept For many many years, experts have warned about massive longstanding flaws in Signaling System 7 (SS7, or Common Channel Signaling System 7), a series of protocols used by cellular networks hackers can exploit to track user location, dodge encryption, and even record private conversations. Governments and various bad actors routinely exploit the flaw to covertly spy […]

After yesterday’s solid Q3 results from banking giants JPM, Wells, Citi and Goldman, the earnings juggernaut continued this morning with Bank of America reporting third-quarter earnings that also beat estimates across the board, as investment-banking activity increased amid a long-awaited comeback in M&A and net interest income topped analysts’ estimates. Here are the full details […]

Shares of LVMH Moët Hennessy Louis Vuitton SE in Paris jumped the most since the dot-com era after the world’s largest luxury group unexpectedly returned to sales growth in the third quarter, signaling a potential end to the multi-year luxury downturn that had halved the stock. Third-quarter results showed organic revenue growth of 1%, marking […]