Walmart Inc will offer online holiday deals a few days earlier this year in order to minimize the impact from a shorter selling period between Thanksgiving and Christmas, the retailer said on Wednesday.
(Bloomberg) — Brazil’s Senate took the final step in the approval of a long-awaited pension reform that’s the centerpiece of President Jair Bolsonaro’s plans to cut government debt.Lawmakers on Wednesday gave the final go-ahead to legislation that will save public accounts approximately 800 billion reais ($197 billion) in a decade. They also backed an amendment benefiting employees under harsh work conditions that may reduce those savings, although its impact wasn’t clear. While the government had initially forecast a fiscal impact of as much as 23 billion reais, a new law regulating access to the benefit may change that estimate.The new …read more […]
Boeing Co said on Wednesday it still expects U.S. regulatory approval for its grounded 737 MAX in the fourth quarter, sending its shares higher despite a slump in quarterly profit.
Wall Street was supported by gains in Apple and Boeing shares on Wednesday, though weak earnings from Caterpillar and Texas Instruments raised concerns of an impact from the U.S.-China trade war on global growth.
Nasdaq Inc said it canceled trades that spanned a two-minute period before the opening bell on Wednesday which affected about 50 securities.
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Bitcoin’s price dropped on Wednesday to its lowest level against the dollar since the middle of May after Facebook Chief Executive Officer Mark Zuckerbeg, in testimony before Congress, expressed doubts about whether the company’s cryptocurrency project Libra was going to work.
Shares of Snap Inc fell 6% on Wednesday, as Wall Street focused more on a disappointing revenue outlook than regulators no longer investigating the company over whether it misled investors at the time of its 2017 initial public offering.
Is KKR & Co Inc. (NYSE:KKR) a good bet right now? We like to analyze hedge fund sentiment before conducting days of in-depth research. We do so because hedge funds and other elite investors have numerous Ivy League graduates, expert network advisers, and supply chain tipsters working or consulting for them. There is not a […] …read more […]
We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds’ top 3 stock picks returned 34.4% this year and beat the S&P […] …read more […]
Wall Street edged higher on Wednesday, led by gains in Boeing and Apple shares, even as weak earnings from Caterpillar and Texas Instruments raised concerns about the impact of the U.S.-China trade war on global growth.
If you want to know who really controls Rhythm Pharmaceuticals, Inc. (NASDAQ:RYTM), then you’ll have to look at the… …read more […]
WeWork’s new executive chairman Marcelo Claure wrote in a memo to employees on Wednesday that layoffs were in the works at the U.S. office-space sharing start-up following a $9.5 billion rescue financing deal with SoftBank Group Corp .
The stock is retreating ahead of earnings, as the firm’s CEO is leaving for Nike …read more […]
Industrial bellwether Caterpillar Inc reported a drop in sales in the United States and China in the third quarter, leading it to cut its outlook for the year and adding to evidence that the global economy is firmly on the decline.
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