Trading Ideas
Shake Shack Calls Hot as Stock Breaks Out
A short squeeze could keep the upside going …read more […]
Year: 2020
Business News
Stocks hit new peaks on trade deal as oil slips on demand worries
Key world stock market indexes climbed to new records on Wednesday on hopes a U.S.-China trade deal will reduce tensions, but oil prices slid on doubts the pact will spur world growth and boost crude demand.
Business News
U.S. producer prices tick up as inflation remains benign
U.S. producer prices edged up in December as a rise in the cost of goods was offset by weakness in services, the latest indication of tame inflation pressures that could allow the Federal Reserve to keep interest rates unchanged this year.
Business News
UnitedHealth bets on government health plan growth in 2020
UnitedHealth Group Inc , the largest U.S. health insurer, reported a better-than-expected fourth-quarter profit on Wednesday, and said it expects strong sales of its government health plans this year.
Trading Ideas
Trump should 'absolutely' get credit for changing the China conversation: analyst
American people view China differently thanks to Trump, one analyst says. …read more […]
Business News
Oil falls on U.S. gasoline, distillate stock builds, record crude output
Oil prices on Wednesday fell about 1% to their lowest in over a month, after a U.S. report showed big increases in gasoline and distillates inventories and as crude production rose to a new record.
Trading Ideas
Big banks report mixed results as earning season progresses
Big banks Goldman Sachs, Bank of America, and BlackRock reported quarterly earnings results today. Yahoo Finance’s Brian Cheung and Adam Shapiro discuss the results and what they mean as earnings season rolls on. …read more […]
Business News
Pratt & Whitney expects approval for GTF engine on A220 jet in spring
A software update for the GTF engine on the A220 jet is expected in the spring, pending regulatory approval, Graham Webb, vice president of Pratt & Whitney commercial engine programs said on Wednesday.
Trading Ideas
Occidental Petroleum: A Carl Icahn Holding for Income and Growth Investors
The oil company had a rough 2019, but the future looks bright Continue reading… …read more […]
Trading Ideas
Is Novavax (NVAX) Stock on the Mend? Wall Street Pro Weighs In
After a massive slip up last year, the tide appears to be turning for small cap vaccine maker Novavax (NVAX). In Wednesday’s trading session, shares took off and surged as much as 15% after the company announced that it had received fast-track designation from the FDA for its NanoFlu vaccine in adults at least 65 years old.CEO Stanley Erck stated that the designation “reflects the urgent unmet medical need for a more effective vaccine against influenza, particularly in the older adult population which often experiences serious and sometimes life-threatening complications, of the disease.”The news comes as a pleasant surprise for …read more […]
Trading Ideas
Trump’s SALT Cap Fuels a Wealth Exodus from High-Tax States
(Bloomberg) — Some of the hardest evidence yet indicates that the 2017 Republican tax law is pushing money and people from high-tax U.S. states like New York and New Jersey and into low-tax states including Florida.In 2018, low- and lower-tax states gained $32 billion more in adjusted gross income than higher tax states, according to a Bank of America Global Research analysis of income migration data. The net gain — almost $2 billion more than in 2017 — was nearly twice the average over the last 13 years. The Republican overhaul capped state and local deductions at $10,000, making it …read more […]
Business News
Oil extends losses after data shows U.S. crude output at record high
Oil prices on Wednesday extended losses, falling to their lowest in over a month, after a U.S. report showed that crude production rose to a new record, overshadowing a bigger-than-expected draw in crude inventories.
Business News
S&P, Dow notch record highs ahead of signing of trade deal
The S&P 500 and the Dow Jones indexes set new record highs on Wednesday on a positive tone around trade talks with China from Trump administration officials ahead of the signing of an initial deal later in the day.
Business News
General Motors moves over 1,350 temporary workers to full-time jobs
General Motors Co. said on Wednesday more than 1,350 hourly employees at its assembly plants in the United States will transition into full-time roles in the first quarter of 2020.
Business News
Kudlow says U.S. will eye success of Phase 1 China trade deal
U.S. tariffs will remain on Chinese imports while the Trump administration sees how enforcement plays out under the Phase 1 trade deal with Beijing, White House economic adviser Larry Kudlow said on Wednesday.