Wall Street banks believe they are getting a green light from supervisors to hold more Treasury debt and less cash after last month’s volatility in overnight lending markets, three industry sources told Reuters.
Wall Street advanced on Thursday as investor sentiment was buoyed by a string of corporate earnings beats and encouraging geopolitical developments.
Oil prices rose about 1% on Thursday after draws in U.S. fuel inventories, but gains were capped by a larger-than-expected rise in crude stockpiles and a series of weak economic figures.
The United Auto Workers union wrung higher pay and other benefits from General Motors Co as part of a tentative deal to end a month-long U.S. strike by about 48,000 workers, the union disclosed on Thursday.
Toyota Motor Corp’s North America unit said on Thursday it was conducting the final phase of a safety recall to replace potentially faulty Takata airbag inflators in about 928,000 vehicles.
Memo to the economic doom and gloom predictors. …read more […]
The United Auto Workers union wrung higher pay and other benefits from General Motors Co as part of a tentative deal to end a month-long U.S. strike by about 48,000 workers, the union disclosed on Thursday. UAW officials and striking workers on the picket lines had said their focus in the dispute with GM was on jobs, pay equity and fairness for workers who made concessions in 2009 to help GM through its government-led bankruptcy. GM announced the No. 1 U.S. automaker’s biggest restructuring since its 2009 bankruptcy, putting five North American plants on notice for potential closure and saying …read more […]
Q3 2019 Sleep Number Corp Earnings Call …read more […]
GM shares tumbled after the United Auto Workers released details of its new tentative contract with the auto company. The contract still needs to be voted on to decide if it should be presented to the 49,000 UAW members for ratification. Yahoo Finance’s Ines Ferre joins Akiko Fujita on The Ticker. …read more […]
Becoming a member of the 1% has gotten even harder, according to fresh data from the IRS. The data, which includes the year 2017 for the first time, shows that the 1% cutoff is an income of $515,371. Yahoo Finance’s Akiko Fujita, Brian Cheung, Ines Ferre and Melody Hahm discuss. …read more […]
US Navy Admiral James Stavridis, who served as NATO’s Supreme Allied Commander for Europe, said Trump’s White House is “a chaos machine.” …read more […]
A $4 billion contract to build a metro in the Colombian capital was awarded to a consortium of China’s Harbour Engineering Company, Xi’an Metro Company and Canada’s Bombardier Inc, the government said on Thursday. Metro Director Andres Escobar said the consortium, known as Apca Transmimetro, will construct the project and operate it for 20 years. The group beat out the other international consortium that submitted bids, which consisted of Mexico’s Carso Infraestructura y Construccion and Promotora de Desarrollo de America Latina, Spain’s FCC Concesiones de Infraestructura and Ferrocarril Metropolita de Barcelona and France’s Alstom SA. …read more […]
Reputable billionaire investors such as Jim Simons, Cliff Asness and David Tepper generate exorbitant profits for their wealthy accredited investors (a minimum of $1 million in investable assets would be required to invest in a hedge fund and most successful hedge funds won’t accept your savings unless you commit at least $5 million) by pinpointing […] …read more […]
Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 750 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile […] …read more […]
France’s Renault on Thursday cut its revenue guidance for 2019 further and lowered its profitability forecast, citing difficulties in markets such as Turkey and Argentina as carmakers grapple with a broad-based slump in auto sales.
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