Deutsche Bank has sold $50 billion in unwanted assets to Goldman Sachs as part of its restructuring, three people with knowledge of the matter said on Wednesday.
Wall Street’s main indexes notched fresh record highs on Wednesday, as latest data pointed to a resilient domestic economy and investors remained optimistic about a resolution to the prolonged U.S.-China trade war.
Sometimes the art of sailing can give an investor a great lesson in trying to reach your investment goals. Continue reading… …read more […]
(Bloomberg) — Oil sank as production hit a record high and refinery demand slipped, pushing stockpiles higher across the nation.Futures fell as much as 0.8% in New York after Energy Information Administration reported that U.S. commercial crude inventories rose 1.57 million barrels last week and output hit 12.9 million barrels a day. That countered optimism that a U.S.-China trade deal was drawing closer, which may support stronger economic growth and fuel demand.U.S. President Donald Trump told reporters at the White House that the U.S. and China were “in the final throes of a very important deal,” though he told Fox …read more […]
Massachusetts on Wednesday adopted the country’s toughest ban on the sale of flavored tobacco and vaping products, including menthol cigarettes, in response to a rise in youth vaping and an outbreak of vaping-related serious lung injuries. Governor Charlie Baker, a Republican, signed into law legislation passed by the state’s Democrat-controlled legislature earlier this month that also places a 75% excise tax on e-cigarettes. Several other states have recently adopted emergency bans on the sale of flavored vaping products amid a nationwide outbreak of lung injuries among e-cigarette users and concerns about the growing popularity of the products among …read more […]
Contracts to buy previously owned U.S. homes fell unexpectedly in October, with new contract signings down in three of the four U.S. regions.
U.S. economic growth picked up slightly in the third quarter, rather than slowing as initially reported, and there are signs the downturn in business investment could be drawing to a close.
U.S. trade officials said they will announce any proposed action toward France on Monday when they release the findings from their investigation into the European ally’s tax on big internet companies such as Amazon, Google and Facebook.
U.S. consumer spending rose steadily in October, suggesting the economy will probably maintain its moderate pace of growth in the fourth quarter.
(Bloomberg) — The U.S. stock market’s record-setting rally will lose some steam in 2020, with the risk of a pullback increasing in the next few months, according to RBC Capital Markets.Lori Calvasina, the firm’s head of U.S. equity strategy, predicted that the S&P 500 will finish next year at 3,350, a gain of roughly 7% from Tuesday’s close, while profits will grow 6% to $174 a share. With valuations expanding and fund managers turning “euphoric,” investors should watch out for a market retreat that’s bound to occur by the end of March, she warned.“We expect 2020 to be a year …read more […]
The computer software company tops analysts on adjusted earnings and revenue Continue reading… …read more […]
Eleven drugmakers led by Pfizer and Novartis have set aside a combined $2 billion to invest in gene therapy manufacturing since 2018, according to a Reuters analysis, in a drive to better control production of the world’s priciest medicines.
Q3 2019 Alaska Communications Systems Group Inc Earnings Call …read more […]
Q3 2019 Golar LNG Ltd Earnings Call …read more […]
Today we’ll take a closer look at MetLife, Inc. (NYSE:MET) from a dividend investor’s perspective. Owning a strong… …read more […]
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