Trading Ideas
Lowe’s Plans $400 Million Shutdown of All Orchard Supply Stores
Closing the 99 Orchard stores could help Lowe’s stock. …read more […]
Month: August 2018
Business News
Exclusive: Aramco listing plan halted, oil giant disbands advisors – sources
Saudi Arabia has called off both the domestic and international stock listing of state oil giant Aramco, billed as the biggest such deal in history, four senior industry sources said on Wednesday.
Trading Ideas
Why Lowe's Companies Inc Stock Jumped Today
Shares of the home-improvement retailer gained on a better-than-expected earnings report. …read more […]
Business News
Amazon starts selling fashion, sportswear in Brazil
Amazon.com Inc said on Wednesday it will start selling sportswear and clothing on its Brazilian site, bolstering the list of products that third party vendors offer on its local e-commerce marketplace.
Business News
Dollar, Treasuries yields fall on Trump woes
Benchmark U.S. government debt yields slid to six-week lows on a flight to safety bid and the dollar weakened further on Wednesday as investors assess how a conviction and a guilty plea of two former advisers impact U.S. President Donald Trump.
Business News
S&P edges higher amid caution on Trump, trade and Fed
The S&P 500 marked its longest bull-market run with slight gains on Wednesday, although caution prevailed ahead of trade talks, the Federal Reserve’s minutes and the threat to President Donald Trump’s position due to the legal woes of two ex-advisers.
Business News
Apple to gain unconditional EU approval for Shazam buy: sources
Apple is set to win unconditional EU antitrust approval for its planned acquisition of British music discovery app Shazam, two people familiar with the matter said on Wednesday.
Business News
Goldman Sachs secures $1.5 billion sale, leaseback of London HQ
Goldman Sachs said on Wednesday it had sold its new European headquarters in London to South Korea’s National Pension Service for 1.17 billion pounds ($1.49 billion).
Trading Ideas
Why Did Netflix (NFLX) Stock Gain This Morning?
Shares of Netflix (NFLX) added as much as 2% in early morning trading Wednesday as the stock looks to continue rebounding from an extended downturn. Today’s gains appear to be at least partially inspired by a positive analyst note. …read more […]
Trading Ideas
Stocks little changed as President Trump lashes out on Twitter after Michael Cohen guilty plea
Facebook has identified new influence operations that will span the globe …read more […]
Business News
EU set to clear Apple’s bid for music app Shazam: sources
EU antitrust regulators are set to approve Apple’s bid for British music discovery app Shazam without demanding concessions, two people familiar with the matter said on Wednesday.
Trading Ideas
US home sales fell 0.7 percent, 4th straight monthly decline
WASHINGTON (AP) — U.S. sales of existing homes slipped for the fourth consecutive month, declining 0.7 percent in July to the slowest pace in more than two years as the real estate market shows signs of cooling. …read more […]
Business News
Lowe’s new chief shuts Orchard stores, promises streamlining
Lowe’s Cos Inc on Wednesday promised to cut back slow-moving products and unsuccessful business projects as new Chief Executive Marvin Ellison seeks to turn around a company that has trailed bigger rival Home Depot for years.
Business News
Fiat Chrysler pressing on with Magneti Marelli spin-off, doesn’t comment report
Fiat Chrysler (FCA) is pressing ahead with the spin- off of its parts maker Magneti Marelli, a spokesman confirmed in Wednesday after reports investment firm KKR was in talks to acquire the unit.
Trading Ideas
Target posts best comparable sales growth in 13 years, shares hit record
The Minneapolis-based retailer also raised its annual profit forecast and said its quarterly performance was driven by demand for home products, toys and electronics as well as a rebound in seasonal merchandise sales after cold weather in the first quarter hurt demand. Chief Executive Officer Brian Cornell said the jump in customer traffic during the second quarter was unprecedented. The retailer recorded market share gains across most categories, he added. …read more […]