Trading Ideas
Here's Why Antares Pharma Jumped Today
A deal with Pfizer has investors smiling, but there’s no way to analyze the value to the company. …read more […]
Year: 2018
Business News
Wall Street ends up amid earnings optimism
U.S. stocks closed higher on Monday as investors applauded a strong U.S. earnings season with results from Berkshire Hathaway impressing and Facebook lifting the tech-heavy Nasdaq index after a report it was planning new services.
Business News
Tyson Foods beats profit estimates on strong beef demand
Tyson Foods Inc beat analysts’ quarterly profit estimates on Monday as the No. 1 U.S. meat processor reported a record operating income for its beef business due to increased exports and cattle supplies.
Trading Ideas
Why Intercept Pharmaceuticals Stock Is Moving Higher Today
Wall Street is warming up to this mid-cap drugmaker. …read more […]
Trading Ideas
GOLDMAN SACHS: Bitcoin is never coming back
Goldman Sachs’ investment strategy group says bitcoin will continue to decline. It also says the virtual currency meets none of the three definitions of usable money and makes up just 0.3% of global GDP. Despite headline-making plans to open a bitcoin trading desk earlier this year, Goldman Sachs still isn’t sold on the virtual currency. …read more […]
Business News
Oil rises after OPEC sources say Saudi crude output fell
Oil futures gained on Monday after OPEC sources said Saudi crude production unexpectedly fell in July, raising concerns about global oil supplies as the United States prepares to reinstate sanctions against major exporter Iran.
Business News
Sprint, T-Mobile in early stages of regulatory review, no decisions yet: source
U.S. antitrust enforcers are in the early stages of reviewing T-Mobile US Inc’s plan to buy Sprint Corp for $26 billion, and have reached no conclusions on how many wireless carriers the country needs, a source familiar with the situation said on Monday.
Trading Ideas
Sprint, T-Mobile in early stages of regulatory review, no decisions yet: source
U.S. antitrust enforcers are in the early stages of reviewing T-Mobile US Inc’s (TMUS.O) plan to buy Sprint Corp (S.N) for $26 billion, and have reached no conclusions on how many wireless carriers the country needs, a source familiar with the situation said on Monday. Sprint shares were up 8.7 percent at $6.11 and T-Mobile rose 6.7 percent to $65.65 in late-afternoon trading, after the New York Post reported that U.S. regulators believed that just three national providers were needed, removing an obstacle to the deal. The Justice Department did not immediately respond to a request for comment. …read more […]
Trading Ideas
Why Sprint Corp. Stock Jumped Today
Rumor has it that the proposed merger with T-Mobile US is looking more likely to gain DOJ approval these days. …read more […]
Business News
Analysts stick with CBS as Moonves allegations probed
Wall Street is largely backing CBS Corp , with few analysts changing their ratings or price targets on the media company, even as it looks into allegations of sexual misconduct against Chief Executive Les Moonves.
Business News
Mexico and U.S. studying NAFTA rules of origin proposals – minister
Mexico’s economy minister Ildefonso Guajardo said on Monday the country has put forward a proposal to update the North American Free Trade Agreement’s contentious rules of origin, and in turn was studying the U.S. position.
Business News
Earnings boost stocks as trade fears cap gains; sterling slumps
Stock markets lifted on Monday after strong corporate earnings turned Wall Street positive, but a tariff dispute between the United States and China limited gains in equities while boosting the dollar and helping keep Treasury yields lower.
Trading Ideas
Pepsi names new CEO; Wells Fargo drops; Berkshire Hathaway’s big earnings beat; Qualcomm upgrade
Yahoo Finance’s Seana Smith on the stocks making headlines in midday trading Monday. …read more […]
Business News
Exclusive: Mattress Firm explores U.S. bankruptcy to close stores – sources
Mattress Firm Inc, the largest U.S. mattress retailer, is considering a potential bankruptcy filing as it seeks ways to get out of costly store leases and shut some of its 3,000 locations that are losing money, people familiar with the matter said.
Business News
Wall St climbs with help from Berkshire Hathaway, Facebook
The S&P 500 rose on Monday as results from Berkshire Hathaway boosted optimism about a strong earnings season, and Facebook lifted the tech-heavy Nasdaq index after a report it was planning new services.