A funny thing happened on the way to the U.S.-China trade deal signing: President Donald Trump may have tipped his next pick for head of the Federal Reserve — if he gets the chance.
The Dow ended above 29,000 for the first time on Wednesday and the S&P 500 also closed at a record high after the United States and China signed a Phase 1 trade agreement and pledged to resolve a tariff dispute that has roiled Wall Street for over a year.
A group of U.S. states suing to block T-Mobile US Inc from merging with Sprint Corp on Wednesday told a federal judge that the deal would raise prices for consumers, while the phone companies pushed back and emphasized they would compete aggressively to push prices down.
XPO Logistics CEO Bradley Jacobs is looking to take shareholder value creation to the next level. …read more […]
(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. The biggest U.S. card companies just moved a step closer to gaining access to China’s $27 trillion payments market.China said it won’t take longer than 90 days to consider applications from providers of electronic-payments services such as Mastercard, Visa and American Express Co., according the text of a landmark trade agreement with the U.S. It should be an especially welcome reprieve for Mastercard and its partner NetsUnion Clearing Corp., which set up a venture in March that is still awaiting …read more […]
New Residential Investment Corp. (NYSE: NRZ) is one of the most requested stocks in the Safety Net column.
That’s not too surprising considering the stock pays a 12.1% dividend yield and has never cut the payout. In fact, it has raised the dividend five times since it began paying one in 2013.
The $0.50 per share quarterly dividend has remained the same since June 2017.
New Residential Investment is a mortgage REIT. It borrows money short term and lends it out long term at higher interest rates.
When I covered the company in this column in May, the dividend safety rating was lowered because …read more […]
Key world equity indexes climbed to new records on Wednesday on hopes a U.S.-China trade deal will reduce harmful tensions, but oil prices slid on doubts the pact will spur world growth and boost crude demand.
ETF Trends CEO Tom Lydon joins The Final Round to talk Tesla, and why most people may not own the stock. …read more […]
The United States and China signed an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. products, defusing an 18-month row between the world’s two largest economies but leaving a number of sore spots unresolved.
The U.S.-China Phase 1 trade deal’s dispute settlement and enforcement mechanism will take about 90 days to complete and is designed to deter retaliation against any punitive tariffs imposed, a senior Trump administration official said on Wednesday.
U.S. stocks ended higher on Wednesday with the Dow posting a record close after the United States and China signed a Phase 1 trade agreement and pledged to resolve a tariff dispute that has roiled financial markets for over a year.
ARK Invest CEO Cathie Wood is confident that shares of Tesla could reach $6,000 in the next five years. ARK Invest analyst Tasha Keeney joins The Final Round to discuss. …read more […]
The second-largest US bank turned lower interest rates into a source of profit Continue reading… …read more […]
(Bloomberg) — Tesla Inc. bears won’t let anyone steal the title for the most-shorted stock. Not even Apple Inc.A parabolic spike in shares of the electric carmaker hasn’t stopped short sellers from betting the stock will go down. They drove the total dollar amount of shares borrowed to sell the stock short to $14.5 billion on Wednesday, data by financial analytics firm S3 Partners showed. That’s above the $14.3 billion invested in a bet Apple will go down.The iPhone maker overtook Tesla as the most-shorted U.S. stock on Sept. 20 and had held that position until Wednesday. The dollar amount …read more […]
Oil prices were down slightly on Wednesday, pressured early by data showing big increases in U.S. refined products but recovered some of the losses later by the signing of a Phase 1 trade deal between Washington and Beijing.
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