WASHINGTON (Reuters) – The U.S. gun lobby is taking aim at “gun-hating” banks after Citigroup Inc and Bank of America said they would no longer provide certain banking services to gun-makers, according to industry lobbyists.
CNBC’s Sue Herera reports the latest on the fatal school shooting in Sante Fe, Texas. …read more […]
The local sheriff says as many as 10 people may have been killed during a shooting at a high school near Houston, most of them students. Harris County Sherriff Ed Gonzalez Harris County said there “could be 8 to 10 fatalities” from the shooting Friday morning at Santa Fe High School, about 30 miles (48 kilometers) southeast of Houston. Gonzalez says the majority of the dead are students. …read more […]
(Reuters) – Qualcomm Inc’s $44 billion deal to buy Dutch chipmaker NXP Semiconductors NV is looking “more optimistic now”, the Wall Street Journal quoted a Beijing official as saying.
LONDON (Reuters) – BMW is expanding a recall of vehicles in Britain, which it launched last week, by 88,000 cars to a total of 390,000, in the wake of a BBC investigation which found that some vehicles could cut out completely while being driven.
(Reuters) – Wall Street slipped on Friday, weighed down by financials and as Alphabet and Applied Materials led technology stocks lower, although losses were limited as industrial shares gained on signs of progress in Sino-U.S. trade talks.
The stock market is shrinking…
And that fact should change how you invest.
According to Wilshire Associates, which compiles benchmarks for U.S. stock markets, the number of public companies peaked at around 7,500 in 1997.
Last year, that number dropped to about 3,600.
In fact, since 1970, the number of public companies has dropped 52% while the S&P 500 has increased 3,628% (including dividends).
Despite the decrease in the number of publically traded companies, the stock market has moved in one direction… up.
This indicates that fewer and fewer companies are driving the big indexes. And those that do are established names like Amazon, Apple, Exxon …read more […]
SOCHI, Russia (AP) — Russia’s President Vladimir Putin said Friday that gas supplies to Europe via Ukraine may continue even after the launch of a new prospective Germany-bound pipeline under the Baltic Sea. …read more […]
(Reuters) – Campbell Soup Co Chief Executive Officer Denise Morrison unexpectedly stepped down on Friday, at the same time the company said it would embark on a review of its vast array of brands and issued a bleak forecast for the year.
ExxonMobil, American Tower, and AT&T should top your list of dividend stocks you can set and forget. …read more […]
Houston-area media citing unnamed law enforcement officials are reporting that there are fatalities following a shooting at a local high school Friday morning. Television station KHOU and the Houston Chronicle are citing unnamed federal, county and police officials following the shooting at Santa Fe High School, which went on lockdown around 8 a.m. The Associated Press has not been able to confirm the reports. School officials said law enforcement officers were working to secure the building “and initiate all emergency management protocols to release and move students to another location.” Students from the high school were being transported …read more […]
(Reuters) – The benchmark S&P 500 index fell on Friday, weighed down by losses in shares of Alphabet and Applied Materials, although industrial stocks helped limit losses on signs of progress in Sino-U.S. trade talks.
Leaked footage from a Gates Foundation question-and-answer session shows Bill Gates slamming President Donald Trump. The billionaire Microsoft founder said Trump referred to himself in the third person in private. What do billionaires and industry leaders say about President Donald Trump behind closed doors? …read more […]
FRANKFURT (Reuters) – Daimler will invest 500 million euros ($589 million) in Hambach, France, to start producing a small compact electric Mercedes-Benz in addition to its electric cars currently manufactured there for the Smart brand.
PARIS/NEW YORK (Reuters) – Airbus’s hopes of winning an immediate respite from slow sales of its A330neo jetliner with an order from United Airlines are dwindling, leaving a gap in future production weeks before it is due to enter service, industry sources said on Friday.
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