Trading Ideas
The Building Boom Continues as Another New Permian Basin Oil Pipeline Is Underway
The Permian Gulf Coast pipeline could start up by the middle of 2020. …read more […]
Year: 2018
Business News
Mercedes unveils electric car in direct German challenge to Tesla
Mercedes showed on Tuesday how it is “aggressively” gunning for top spot in upscale battery cars market currently dominated by Tesla, as it unveiled the EQC, its first fully electric car, at an event in Stockholm.
Business News
U.S. SUV sales jump again in August
Top automakers pointed to a small increase in U.S. auto sales in August including another sharp rise in SUV sales, as low unemployment and strong consumer confidence helped mitigate the impact of rising interest rates and fuel prices.
Trading Ideas
Kaepernick Campaign Created $43 Million in Buzz for Nike So Far
The controversy surrounding Nike Inc.’s new Colin Kaepernick ad can’t be a surprise to the sportswear company. In less than 24 hours since Kaepernick first revealed the spot on Twitter, Nike received more than $43 million worth of media exposure, the vast majority of it neutral to positive, according to Apex Marketing Group. What’s more, he said, the move sends a strong signal to their current roster of athletes and positions Nike as a savvy risk-taker. …read more […]
Business News
Amazon joins $1 trillion club, on pace to overtake Apple
Amazon.com Inc on Tuesday joined Apple Inc in the $1 trillion club, becoming the second member of the group after its stock price doubled in 15 months.
Trading Ideas
Amazon joins $1 trillion club, on pace to overtake Apple
If the online retailer’s share price continues at its recent pace, it will be a matter of when, not if, Amazon’s market valuation eclipses that of iPhone maker Apple, which reached $1 trillion on Aug. 2. Apple took almost 38 years as a public company to achieve the trillion dollar milestone, while Amazon got there in 21 years. While Apple’s iPhone and other devices remain popular and its revenues are growing, it is not keeping up with Amazon’s blistering sales growth. …read more […]
Business News
Oil rises ahead of Storm Gordon; gains capped by Cushing build
Oil prices rose on Tuesday as the market prepared for potential supply disruptions due to a hurricane forecast to hit the U.S. Gulf Coast, but gains were capped by a report that Cushing, Oklahoma, stockpiles rose last week.
Business News
Wall Street slips as internet stocks, Nike weigh
U.S. stocks were lower on Tuesday, with declines in Facebook, internet stocks and Nike leading to a bumpy start to September, as investors also grappled with rising trade uncertainties.
Business News
Atlanta Fed lifts U.S. third-quarter GDP view to 4.7 percent
The U.S. economy is growing at a 4.7 percent annualized rate in the third quarter, the Atlanta Federal Reserve’s GDPNow forecast model showed on Tuesday, following the latest data on construction spending and factory activity.
Trading Ideas
Nike, Nordstrom and Roku shares are the Yahoo Finance charts of the day.
Let’s check out the Yahoo Finance charts of the day.
Nike (NKE): Shares are down in early trade, at around 2.1%. Colin Kaepernick is featured in Nike’s new ad campaign as it begins celebrating the 30th anniversary of its “Just Do It” campaign. Kaepernick was the first NFL player to kneel during the national anthem as a form of protest.
Nordstrom (JWN): Shares up here, at around 1.1%. Goldman Sachs rated the retailer’s stock a “buy” in new coverage. The investment bank noted Nordstrom’s premium offerings and operation of both a full-price business as well as an off-price format.
Roku …read more […]
Business News
Kaepernick ad spurs Nike boycott campaign
Protesters on social media called for people to burn their Nike sneakers and boycott the sporting goods maker after it chose former San Francisco quarterback Colin Kaepernick, the first NFL player to kneel during the national anthem as a protest against racism, to participate in a new ad campaign.
Business News
Sanofi to pay more than $25 million to resolve corruption charges: SEC
French pharmaceutical giant Sanofi will pay more than $25 million to settle charges that its Kazakhstan and Middle East subsidiaries made corrupt payments to win business, the top U.S. securities regulator said on Tuesday.
Trading Ideas
Transocean to buy Ocean Rig in $2.7 bln deal
Offshore oil driller Transocean Ltd said on Tuesday it would buy peer Ocean Rig UDW Inc in a $2.7 billion cash-and-stock deal, its second major acquisition this year as the company bets on a recovery in the offshore sector. The acquisition signals new optimism for offshore drillers, which were hit hard by the steep plunge in oil prices from 2014. Offshore projects, which are more costly than onshore work and take years to develop, became less attractive after oil prices fell to below $30 a barrel in 2016. …read more […]
Trading Ideas
Kaepernick ad spurs Nike boycott campaign
Shares in the Beaverton, Oregon-based Nike Inc fell more than 2 percent after Kaepernick posted a black-and-white close-up of himself on Instagram on Monday featuring the Nike logo and “Just do it” slogan, along with the quote: “Believe in something. Kaepernick will be one of several faces for a campaign marking the 30th anniversary of Nike’s “Just Do It” slogan. President Donald Trump has been critical of athletes taking a knee during the national anthem and has said he would love to see NFL owners fire football players who disrespect the American flag. …read more […]
Trading Ideas
Business + Coffee: Nike and Kaepernick risk, Trump and Canada, self-driving trucking report
Tuesday, September 4: Nike makes Colin Kaepernick the face of the 30th anniversary of its ‘Just Do It’ campaign, some people threaten to boycott; President Donald Trump tweets that he might just leave Canada out of new NAFTA deal; new report says self-driving tech will have major impact on trucking industry. Yahoo Finance’s Dan Roberts serves your news. …read more […]