Wall St. closes mixed, World stocks higher Friday
Wall Street had a mixed story at the closing bell Thursday as analysts continued to assess the potential impact of the Fed’s dovish tone on interest rates. Only the Nasdaq closed higher. Friday’s trading has got off to a mainly positive start with most Asian markets closing higher. In Europe there’s also positive sentiment so far as fears over Greece and Ukraine eased and earnings results boosted stocks.
US stock futures are trending higher. Oil is trending lower (Brent $54.18, WTI $43.88 at 5.55am ET). Gold is trending higher.
Atlanta Fed Business Inflation Expectations at 10am ET
Gold Dynamics, Servotronics and Tiffany & Co are among the companies reporting results today.
Amazon gets green light for drones
The FAA has announced that it is allowing Amazon to test the use of unmanned aircraft, or drones, in the US. The retailer’s plan is to be able to deliver any product within 30 minutes but that is some way off what they will be able to experiment with. FAA rules mean that drones must be kept in sight of their operators for example, so it may be easier for the operators to just deliver the parcel themselves. However it’s a first step on what could be a revolution in online shopping and delivery.
Bank of New York Melon to pay $714 million to settle currency suits
The Bank of New York Melon will pay $714m in settlement of state and federal investigations into allegations of misrepresenting its handling of currency transactions. The bank said in statement: "We are pleased to put these legacy FX matters behind us, which is in the best interest of our company and our constituent.”
Tesla CEO says no one should run out of power
Tesla Model S, now available in NJ, should never run out of power according to the firm’s CEO Elon Musk. That’s the plan at least as Musk announced yesterday some improvements to software that will warn drivers when they are too far from a charging point. The Model S can now run for around 270 miles on single charge, dependent on battery size. Elon says that 90 per cent of the US population is withing 175 miles of a charging station but the company is looking to plug that 10 per cent gap.
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