(Reuters) – Retail and technology stocks led Wall Street back to positive territory on Wednesday, and the small-cap Russell 2000 hit a new intra-day high, even as traders remained on edge about geopolitics and rising U.S. interest rates.
Amazon.com Inc. is bringing its competition with Alibaba right to the Chinese e-commerce giant’s backyard. In the coming weeks, Amazon will host an event in the city of Hangzhou — Alibaba’s hometown — to connect online merchants with 400 Chinese manufacturers keen to sell electronics, car parts, home goods and more directly to American and European consumers. Amazon experts will provide insights into buying trends so merchants can stock up for the 2018 holiday season, according to an invitation reviewed by Bloomberg. …read more […]
NEW YORK (Reuters) – Square Inc’s decision to allow users of its mobile app to buy and sell bitcoin this year was a “pretty contentious move within the company” and remains a source of internal tension, the payment processor’s CEO Jack Dorsey said on Wednesday.
(Reuters) – The Redstone family sought on Wednesday to amend CBS Corp’s bylaws to prevent its board of directors from issuing a special stock dividend that would eliminate much of its voting power, as a court room showdown between them loomed.
(Reuters) – The U.S. toy industry looks set for a flurry of mergers and acquisitions between smaller toy makers in the aftermath of the Toys ‘R’ Us bankruptcy, as they seek more scope and negotiating power with big box retailers Target and Walmart .
(Reuters) – Macy’s Inc raised its full-year profit forecast on Wednesday and reported better-than-expected quarterly and same-store sales, helped by strong international tourism spending, a new loyalty program and a greater assortment of products offered in stores.
Leading the Apple Inc. (NASDAQ:AAPL) rumor mill today is news of plans for a new Campus. Today, we’ll look at that and other Apple Rumors for Wednesday. …read more […]
(Reuters) – Twenty First Century Fox’s Chief Executive Officer James Murdoch will leave the company and be succeeded by brother Lachlan once the company sells off its TV and film assets to Walt Disney Co .
CNBC’s Eamon Javers reports on President Trump’s new financial disclosure form where the president discloses a loan he took from Michael Cohen. The form did not disclose reason for the payment. …read more […]
(Reuters) – The board of CBS Corp headed to court on Wednesday in an attempt to strip voting control from the Redstone family, which has sought to merge one of the biggest U.S. media companies with peer Viacom Inc.
(Reuters) – Wall Street rose on Wednesday, with the small cap Russell 2000 index hitting a record, as Macy’s strong results lit up the retail sector and Micron led gains in the technology sector. Macy’s shares surged 10.5 percent, hitting a 52-week high, after the department store operator reported strong results and raised its profit forecast.
OTTAWA (Reuters) – Canada is prepared to cover some losses Kinder Morgan Canada Ltd might suffer if a proposed oil pipeline expansion is delayed and thinks other investors are ready to step in if need be, Finance Minister Bill Morneau said on Wednesday.
Microsoft’s always taken a premium approach to its Surface line, showing users …read more […]
LONDON (Reuters) – The British government is renationalizing the rail route between London and Edinburgh, taking back the line from a private company after it over-estimated profits, in a step likely to reignite a debate over public ownership of the UK’s railways.
Eaton Vance (NYSE: EV) is a mid cap company that operates within the capital markets industry. Its market cap is $7 billion today and the total one-year return is 29.16% for shareholders.
Eaton Vance stock is beating the market, and it reports earnings soon. But does that make it a good buy today? To answer this question we’ve turned to the Investment U Stock Grader. Our research team built this system to diagnose the financial health of a company.
Our system looks at six key metrics…
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✗ Earnings-per-Share (EPS) Growth: Eaton Vance reported a recent EPS growth rate of 23.64%. That’s below …read more […]
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