Trading Ideas
US Steel is tumbling after Trump does a 180 on trade (X)
Manuel Balce Ceneta/AP …read more […]
Year: 2018
Trading Ideas
Is This How AT&T Plans to Make DIRECTV Now Profitable?
Can cloud DVR and an additional stream help stem losses from the streaming service? …read more […]
Business News
U.S. and Canadian regulators open probes into cryptocurrency scams
WASHINGTON (Reuters) – U.S. and Canadian state securities regulators announced Monday they have launched dozens of investigations into cryptocurrency scams.
Trading Ideas
Palace shares family portrait and other royal wedding photos
Kensington Palace has released three official wedding photographs taken of Prince Harry and the former Meghan Markle shortly after their wedding. Alexi Lubomirski’s images include a family portrait of the couple with Queen Elizabeth II, Prince Charles, Prince William and their spouses, as well as Markle’s mother and the children who served as bridesmaids and page boys. …read more […]
Business News
Model 3 price hype helps Tesla shares bounce
(Reuters) – Shares in Tesla Inc jumped more than 4 percent on Monday as investors were encouraged by the company’s placing a $78,000 price tag on the fully-loaded version of its Model 3 sedan.
Business News
U.S. top court backs companies over worker class-action claims
WASHINGTON (Reuters) – The U.S. Supreme Court delivered a blow to the rights of workers on Monday by allowing companies to require them to sign away their ability to bring class-action claims against management, agreements already in place for about 25 million employees.
Business News
LaSalle Hotel accepts Blackstone’s $3.7 billion cash offer
(Reuters) – LaSalle Hotel Properties decided to sell itself to private equity firm Blackstone Group LP for $3.7 billion in cash, rejecting a cash-and-stock offer from rival Pebblebrook Hotel Trust .
Business News
Wall Street rallies on trade war truce, $28 billion in mergers
(Reuters) – U.S. stocks rallied broadly on Monday after the United States and China put a potential trade war “on hold” to work on a wider agreement, with sentiment also getting a boost from the nearly $28 billion worth of U.S. merger deals.
Business News
U.S. state and Canadian regulators open dozens of probes into cryptocurrency scams: Washington Post
WASHINGTON (Reuters) – U.S. state and Canadian regulators have opened “as many as 70 investigations” into cryptocurrency scams, according to The Washington Post.
Business News
China relieved, U.S. business ambivalent over easing of trade tensions
BEIJING (Reuters) – China’s government on Monday praised a significant cooling of trade tensions with the United States, saying agreement was in both nations’ interests while state media trumpeted what it saw as Beijing’s refusal to surrender to U.S. economic threats.
Trading Ideas
Fifth Third Bancorp pays $4.7 billion for MB Financial’s Chicago muscle
As part of the deal announced on Monday, each MB Financial shareholder will get $54.20, comprising 1.45 shares of Fifth Third common stock and $5.54 in cash, a 24 percent premium to MB Financial’s last close. Shares of MB Financial were up 14 percent at $49.75 in early trade, while Fifth Third shares were down 7.2 percent at $31.12. D.A. Davidson analyst Kevin Reevey said that Fifth Third was limited in their ability to expand in Ohio and that the acquisition of Chicago-based MB Financial was the most logical move for them, from a geographical standpoint, in order …read more […]
Business News
Aston Martin gears up for more growth ahead of possible flotation
LONDON (Reuters) – Luxury British carmaker Aston Martin remained in the black in the first quarter of 2018, although pretax profit fell due to a weaker dollar and investment on a series of model launches.
Business News
U.S.’s Mnuchin: ‘Significant’ issues remain over NAFTA
WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin on Monday said major issues remained in talks between the United States, Mexico and Canada to renegotiate the North American Free Trade Agreement(NAFTA).
Business News
Wall Street opens higher as trade war put ‘on hold’
(Reuters) – U.S. stocks opened half a percent higher on Monday after the United States and China put a potential trade war “on hold”, and as U.S. companies announced $27.6 billion worth of mergers.
Business News
British court dismisses charges against Barclays over 2008 Qatar deal
LONDON (Reuters) – A British court has dismissed charges brought by the Serious Fraud Office (SFO) against Barclays over its 2008 capital raising, the bank said on Monday, suspending for now the threat of regulatory sanctions on its business operations.