Trading Ideas
The Latest: Lebanese politician says strikes warned Israel
BEIRUT (AP) — The Latest on developments in Syria (all times local): …read more […]
Year: 2018
Business News
S&P, Dow edge higher on healthcare gains, tech drags
(Reuters) – U.S. stocks posted slight gains on Friday as a rise in healthcare shares ahead of President Donald Trump’s speech on drug pricing more than made up for losses in Symantec and Nvidia.
Business News
Mexico says won’t be rushed into bad NAFTA deal
WASHINGTON (Reuters) – Mexico’s Economy Minister Ildefonso Guajardo said on Friday that there will be a trilateral NAFTA meeting at 1 p.m. Eastern Time with his U.S. and Canadian counterparts, even as he warned against rushing a new deal.
Trading Ideas
Geron (GERN) Q1 Loss Narrows Y/Y, Revenues Fall, Shares Down
Geron (GERN) beats earnings but on lower sales in Q1. Operating expenses were lower year over year. …read more […]
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AT&T CEO admits 'big mistake' in hiring Trump lawyer Michael Cohen
Today, AT&T CEO Randall Stephenson admitted that hiring notorious Trump …read more […]
Trading Ideas
Oil near multi-year highs as Iran sanctions tighten supply outlook
Oil prices steadied near 3-1/2 year highs on Friday as the prospect of new U.S. sanctions on Iran tightened the outlook for Middle East supply at a time when global crude production is only just keeping pace with rising demand. The United States plans to reintroduce sanctions against Iran, which pumps about 4 percent of the world’s oil, after abandoning a deal reached in late 2015 that limited Tehran’s nuclear ambitions in exchange for the removal of U.S. and European sanctions. The global oil market is finely balanced, with top exporter Saudi Arabia and No.1 producer Russia having …read more […]
Business News
Wall Street opens little changed, tech drags
(Reuters) – Wall Street indexes opened little changed on Friday as losses in Symantec and Nvidia offset gains in healthcare and telecom sectors.
Business News
Exclusive: AT&T CEO says Cohen payments ‘big mistake,’ chief lobbyist retiring
(Reuters) – Hiring President Donald Trump’s personal attorney, Michael Cohen, was a “big mistake,” AT&T Inc Chief Executive Officer Randall Stephenson said in an employee memo, reviewed by Reuters, that went out Friday morning.
Business News
Exclusive: AT&T CEO says hiring Trump lawyer was ‘big mistake’ – memo
(Reuters) – Hiring President Donald Trump’s personal attorney, Michael Cohen, was a “big mistake,” AT&T Inc Chief Executive Officer Randall Stephenson said in an employee memo, reviewed by Reuters, that went out Friday morning.
Business News
Futures tick higher; auto, health stocks in focus
(Reuters) – Wall Street was set to open slightly higher on Friday, with auto and healthcare stocks to be in focus as President Donald Trump is set to address issues related to the two sectors.
Business News
U.S. import prices rise less than expected in April
WASHINGTON (Reuters) – U.S. import prices rose less than expected in April as a rebound in the cost of petroleum products was tempered by a drop in food prices, the latest indication that inflation pressures were increasing moderately.
Business News
St. Louis Fed’s Bullard says rates already near neutral, no more raises needed
WASHINGTON (Reuters) – St. Louis Federal Reserve Bank President James Bullard on Friday spelled out the case against any further interest rate increases, saying rates may already have reached a “neutral” level that is no longer stimulating the economy.
Business News
Crypto concerns push Nvidia shares lower
(Reuters) – Shares of Nvidia Corp fell 2 percent on Friday as investors worried that a short-term surge in demand for graphics chips from cryptocurrency miners may be undermining its core business with computer gamers.
Business News
Symantec shares set for worst fall in 17 years
(Reuters) – Symantec Corp’s shares sank as much as 25 percent on Friday after the cyber-security firm said it was investigating concerns raised by a former employee but gave little other detail, puzzling investors and Wall Street analysts.
Business News
Futures higher; healthcare, tech stocks in focus
(Reuters) – U.S. stock index futures edged higher on Friday, setting up Wall Street to build on a week-long rally, but focus will be on technology and healthcare stocks after tepid results from Nvidia and President Donald Trump’s renewed focus on drug pricing.