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Business News
Wall Street dips from record in ‘Jason Bourne market’
U.S. stocks hit intra-day record highs on Tuesday before turning negative following a report that the United States would likely maintain tariffs on Chinese goods until after November’s presidential election.
Business News
Yen gains, yuan weakens on report tariffs on China to stay through U.S. election
China’s yuan weakened on Tuesday and the Japanese yen reversed earlier losses after a report that the United States will keep tariffs on Chinese goods through the U.S. election hurt risk sentiment.
Business News
BlackRock vows tougher stance on climate after activist heat
BlackRock Chief Executive Larry Fink warned company boards to step up efforts to tackle climate change, a significant shift by the world’s top asset manager as it faces mounting concerns about its fossil fuel investments.
Trading Ideas
Beyond Meat soars as Dunkin' unveils Snoop Dogg approved sandwich
Snoop Dogg and Dunkin’ have teamed up for a new Beyond Meat sandwich only available for a limited time. Yahoo Finance’s Zack Guzman, Heidi Chung and Director of Research at QVIDTVM, Inc. Max Raskin discuss on YFi PM. …read more […]
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Stocks Drop From Record Highs; Treasuries Gain: Markets Wrap
(Bloomberg) — U.S. stocks retreated from all-time highs after Bloomberg reported that existing tariffs on billions of dollars of Chinese goods will likely stay in place after the presidential election.The S&P 500, Nasdaq Composite and Dow Jones Industrial indexes all pulled back from records as the conditions underscored lingering concern about future progress in negotiations. Treasuries climbed earlier after a gauge of underlying inflation rose less than forecast.“There was a lot of optimism built up and now this just throws a whole new wrench into that optimism and a lot of questions moving forward,” said Ryan Nauman, a market strategist …read more […]
Business News
Drag from Trump’s trade wars continues to ripple through U.S. economy
As U.S. President Donald Trump and Chinese Vice Premier Liu He prepare to sign a “Phase 1” trade deal, new data show that the costs of Trump’s trade wars are proving more widespread, deeper and longer-lasting than previously believed.
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Illinois marijuana sales hit $20 million in first 12 days
Legalized weed is proving a boon to midwest coffers. Yahoo Finance’s Julie Hyman, Adam Shapiro, Dan Roberts, Constance Hunter KPMG Chief Economist and Stormy Simon High Times CEO discuss. …read more […]
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Exact Sciences (EXAS) Stock Has 40% Upside From Here, Says Analyst
Exact Sciences’ (EXAS) preliminary quarterly results blew expectations out of the water.Yesterday, the molecular diagnostics company released preliminary results for its fourth quarter that exceeded analysts’ estimates. Total revenue for the quarter is expected to land between $294 million and $296 million, reflecting a top-line beat of about $4 million to $6 million.The better-than-expected outcome was primarily driven by its acquisition of Genomic Health, which was finalized back in November and gave it access to Oncotype DX gene expression tests that have been used in treatment decisions for over 1 million cancer patients globally. During the quarter, Oncotype DX test …read more […]
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Boeing Approaches Citi for New Loan Amid Max Crisis
(Bloomberg) — Boeing Co. is talking to a group of banks about a potential loan as it deals with a production halt of its grounded 737 Max jetliners, according to people familiar with the matter.Citigroup Inc. is leading the discussions between Boeing and a small group of banks, said the people, who asked not to be named because the details are confidential. The precise structure and timing of the loan is in flux, but the financing may be an investment-grade term loan, they said.Representatives for Citi and Boeing declined to comment.Boeing’s access to the credit markets could soon get more …read more […]
Business News
Wall Street inches to fresh record after upbeat JPMorgan, Citi results
U.S. stocks eked out gains to hit fresh record highs on Tuesday, as stronger-than-expected earnings from JPMorgan and Citigroup added to optimism about the domestic economy ahead of the imminent signing of a U.S.-China trade deal.
Business News
Why the Ukrainian plane tragedy is unlikely to lead to global airspace rules
Why was the Ukrainian airliner mistakenly shot down near Tehran by Iranian forces last week for the loss of 176 lives even allowed to take off from a country that had just fired missiles towards its neighbour? And why didn’t the airline just delay or cancel the flight?
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3 stocks to buy right now, according to one strategist
A big financial name, a key transport company, and an enterprise cloud company are among the names liked by Ralph Bassett, head of North American equities at Aberdeen Standard Investments. …read more […]
Business News
Oil climbs after five days of losses ahead of U.S.-China trade pact
Oil prices climbed on Tuesday after five days of declines as the United States and China prepared to sign a preliminary trade deal and as Middle East tensions eased.
Business News
Wells Fargo’s new chief pledges more cost cuts as profit slumps
Wells Fargo & Co’s profit slumped 55% in the fourth quarter as new boss Charles Scharf set aside another $1.5 billion for legal costs related to the bank’s sales scandal and promised “fundamental changes.”