Global equity markets rose on Tuesday, with the S&P 500 setting a record high, fueled by strong earnings and economic growth, while the dollar weakened after U.S. President Donald Trump slammed the Federal Reserve for raising interest rates.
Shares of Intel (INTC) jumped as high as 2.7% on Tuesday to help buck a rather negative trend that has persisted since former CEO Brian Krzanich was forced out back in June. The question is what had investors excited about Intel? Plus, we will take a look to see if INTC stock is worth buying at the moment (hint: It might be just because it looks so cheap). …read more […]
A Gulfstream G-IV private jet blew two tires while taking off from Teterboro Airport in New Jersey on Tuesday. The jet made a successful emergency landing at Stewart International Airport near Newburgh, New York. According to TMZ, rapper Post Malone is reportedly on board the jet. …read more […]
American Airlines is cutting a route from Chicago to Shanghai, cancelling the second direct flight from the U.S. city to China in four months, the carrier said on Tuesday, citing higher fuel costs and a “competitive environment.”
JPMorgan Chase & Co, in a bid to lure customers from the discount brokerage industry, said on Tuesday it will begin offering free stock trades for self-managed accounts through its Chase mobile banking app starting next week.
U.S. companies’ taste for their own shares is set to push buybacks past the $1 trillion-a-year mark for the first time as soon as November, TrimTabs Investment Research said, even as its latest data showed the pace of new repurchase announcements slowing during the second-quarter reporting season.
After recently pulling apart a Model 3 and comparing its quality and estimated costs with two competitors, UBS analyst Colin Langan said he thinks Tesla will never be able to make money at the $35,000 the company originally planned to charge for an entry-level model. …read more […]
The S&P 500 hits a new all time high on the same day the market ties a record for the longest bull market—ever. …read more […]
Facebook Inc has started scoring its users based on their trustworthiness in an attempt to fight misinformation, the Washington Post reported on Tuesday, citing a company executive.
The S&P 500 stock index rose as much as 0.57 percent on Tuesday to 2,873.23, putting it just above its previous record high of 2,872.87 on Jan. 26. Bolstered by quarterly earnings reports and a rise in stock buybacks, the benchmark S&P 500 has gained over 2 percent in the past month.
Brokerage Morgan Stanley has suspended equity coverage on Tesla Inc , hinting that the U.S. bank may be doing business directly with the company as it explores options to go private, pushing the electric carmaker’s shares up as much as 5 percent on Tuesday.
Morgan Stanley’s move comes a week after Goldman Sachs Group Inc (GS.N) stopped its coverage of Tesla last week shortly before confirming it was acting as a financial adviser on a matter related to the automaker. Morgan Stanley’s website showed Tesla had been moved to “Not Rated” from “Equal-weight” on Tuesday without providing further details on the reason for dropping coverage. Shares of Palo Alto, California-based Tesla rose to a high of $324.79 on Tuesday, bouncing off a three-month low on Monday when JP Morgan slashed its price target on the company by $113 and said it believed …read more […]
British outsourcing company Capita has poached the finance chief of bus and train company Go-Ahead Group to become its new CFO, Sky News reported on Tuesday.
The S&P 500 stock index rose as much as 0.57 percent on Tuesday to 2,873.23, putting it above its previous record high of 2,872.87 on Jan. 26. Bolstered by quarterly earnings reports and a rise in stock buybacks, the benchmark S&P 500 has gained over 2 percent in the past month.
The benchmark S&P 500 touched a record high on Tuesday and equaled its longest-ever bull-market run, as U.S. stocks rose on encouraging earnings reports and hopes that the United States and China could resolve their tariff dispute.
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