Trading Ideas
Americans Think This Is the Ideal Age to Start Saving for Retirement
And here’s why they’re right. …read more […]
Year: 2018
Business News
Facebook is sued after stock plunge ‘shocked’ market
Facebook Inc and its chief executive Mark Zuckerberg were sued on Friday in what could be the first of many lawsuits over a disappointing earnings announcement by the social media company that wiped out about $120 billion of shareholder wealth.
Trading Ideas
Why Intel, First Solar, and LogMeIn Slumped Today
See why these three stocks fell harder than the overall market. …read more […]
Business News
Facebook is sued after stock plunge
A shareholder of Facebook Inc on Friday filed the first of what could be many lawsuits against the social media company and Chief Executive Mark Zuckerberg following a 19 percent one-day plunge in Facebook’s share price.
Business News
BlackRock’s Rieder halved fund’s emerging market exposure
Top BlackRock Inc bond investor Rick Rieder halved exposure in recent months to a once-major bet in his portfolios on emerging markets on concerns including that the dollar could move higher, he told Reuters on Friday.
Trading Ideas
CBS probes misconduct claims against CEO Moonves amid legal battle
The claims against Moonves involve incidents that go back, in part, more than 20 years, the Hollywood Reporter said earlier on Friday, citing sources with knowledge of the matter and the New Yorker magazine story who it did not identify. “Upon the conclusion of that investigation, which involves recently reported allegations that go back several decades, the board will promptly review the findings and take appropriate action,” CBS said in a statement. Moonves and the New Yorker did not immediately respond to requests for comment. …read more […]
Business News
City Council aims to make New York first U.S. city to cap Uber, others
New York City is moving toward becoming the first major U.S. municipality to cap ride-sharing services, sparking a tsunami of protest on Friday from Uber [UBER.UL] and others, which warned that those living in far-flung neighborhoods will suffer most.
Business News
U.S. appeals court to reconsider Hyundai-Kia gas mileage settlement
A U.S. appeals court will reconsider its decision to throw out a $210 million nationwide class-action settlement for owners of Hyundai Motor Co and Kia Motors Corp vehicles whose fuel economy was inflated.
Business News
CBS probes misconduct claims against CEO Moonves amid legal battle
U.S. broadcasting and media company CBS Corp said on Friday it was investigating allegations of personal misconduct by its chief executive Leslie Moonves ahead of an upcoming New Yorker article that is expected to detail the claims.
Business News
New York state revokes approval of Charter-Time Warner Cable deal
The New York State Public Service Commission said Friday it revoked its approval of the 2016 merger agreement between Charter Communications Inc and Time Warner Cable, arguing that Charter failed to build out its network for enough homes, and said the company must end its operations in the state.
Business News
Tech stocks weigh on Wall Street
Wall Street’s major indexes were lower on Friday as weak earnings reports from major technology companies weighed on the sector.
Trading Ideas
Why The Boston Beer Company's Stock Is Down 12% Today
The second-quarter report took some fizz out of this bottle-rocket ticker due to weak earnings now and in the near future. …read more […]
Trading Ideas
2 Reasons the Market Frowned After AbbVie's Blowout Q2 — and 1 Reason It Should Be Excited
AbbVie posts fantastic Q2 numbers but its stock falls. Here’s why — and why the negative reaction is missing the bigger story. …read more […]
Trading Ideas
Trump hails growth as one-offs and consumers boost economy
The U.S. economy grew at its fastest pace in nearly four years in the second quarter as consumers boosted spending and farmers rushed shipments of soybeans to China to beat retaliatory trade tariffs before they took effect in early July. President Donald Trump, who ahead of Friday’s release of the gross domestic product report had promoted the notion that second-quarter growth would be robust, declared victory. “We have accomplished an economic turnaround of historic proportions,” Trump told reporters. …read more […]
Business News
Interactive Brokers increases margin requirement for Tesla
Interactive Brokers Group said on Friday it will increase margin requirements for clients making Tesla Inc bets due to recent volatility in shares of Elon Musk’s electric car company.