Trading Ideas
Stock Market News Live: Stock futures drift sideways as earnings kick off, Delta, JPM soar
Headlines moving the stock market in real time. …read more […]
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Trading Ideas
SmileDirect Will Start Selling Its Aligners to Orthodontists
(Bloomberg) — SmileDirectClub Inc. will start selling its teeth-straightening products to dentists and orthodontists, putting it in direct competition with one-time partner Align Technology Inc.’s Invisalign.A supply pact with Align that limited SmileDirectClub to selling its products only online and in retail shops expired at the end of 2019, the Nashville, Tennessee-based company said in a statement announcing the move Tuesday.“With our agreement with Align Technology now expired, we are no longer obligated to stay in the direct-to-consumer channel,” SmileDirectClub co-founder Alex Fenkell said in the statement. “We’re excited to expand our offering.”Shares of the company gained as much as …read more […]
Business News
Futures pause after rally, JPMorgan results draw cheer
U.S. stock index futures were flat to slightly lower on Tuesday, as investors took a breather following a record rally, even as JPMorgan’s quarterly results set a positive tone for big bank earnings.
Business News
Phase 1 commodity targets likely more than China can chew: analysts
Commodity traders and analysts are struggling to map out how China will reach the eye-popping amounts it is committing to buy from the United States under Phase 1 of their trade deal.
Business News
Record stocks stall ahead of U.S.-China trade deal
Global markets experienced a slight bout of weakness on Tuesday as traders cashed in on recent record highs, awaited a long-anticipated U.S.-China trade deal and began to digest the first Wall Street earnings of the new year.
Trading Ideas
Does Exelixis, Inc. (NASDAQ:EXEL) Have A Good P/E Ratio?
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We’ll show how you can use… …read more […]
Trading Ideas
Delta beats profit estimates on new customers as rivals battle 737 MAX crisis
Delta Air Lines Inc on Tuesday reported a fourth-quarter profit that beat estimates, boosted by customers gained from rival airlines’ 737 MAX cancellations and what Chief Executive Ed Bastian said was a growing preference for the Delta brand. Delta shares were up about 4% in premarket trading. Airlines that own Boeing Co’s 737 MAX are cancelling more than 10,000 monthly flights in total as the aircraft remains grounded following two deadly crashes. …read more […]
Business News
China’s yuan gains after U.S. drops China FX manipulator label
China’s yuan climbed to its highest level since July on Tuesday and the Japanese yen plumbed eight-month lows as the U.S. Treasury Department reversed its decision in August to designate China as a currency manipulator.
Business News
JPMorgan beats estimates on strong trading, underwriting
JPMorgan Chase & Co posted a better-than-expected rise in quarterly profit on Tuesday, as strong results at its trading and underwriting businesses offset weakness in consumer banking.
Trading Ideas
Business News
Delta posts profit beat on loyal, new customers as rivals battle 737 MAX crisis
Delta Air Lines Inc posted on Tuesday a fourth-quarter profit that beat Wall Street forecasts, boosted by customers gained from rival airlines’ 737 MAX cancellations and what CEO Ed Bastian said was a growing preference for the Delta brand.
Trading Ideas
Delta posts profit beat on loyal, new customers as rivals battle 737 MAX crisis
Delta Air Lines Inc posted on Tuesday a fourth-quarter profit that beat Wall Street forecasts, boosted by customers gained from rival airlines’ 737 MAX cancellations and what CEO Ed Bastian said was a growing preference for the Delta brand. Airlines that own Boeing Co’s 737 MAX are together cancelling more than 10,000 monthly flights as the aircraft remains grounded following two deadly crashes. Delta does not operate the MAX, enabling it to grow its flight capacity and capture new customers while peers like Southwest Airlines Co have had to scale back. …read more […]
Business News
U.S. bike firms face uphill slog to replace Chinese supply chains
When Mehdi Farsi decided to shift production of State Bicycle Co’s niche fixed-gear urban bikes out of China to escape U.S. tariffs, it took months to find another factory in Asia willing to do business with his Arizona company.
Business News
Musk nears $346 million payday as Tesla market value soars
Tesla Inc Chief Executive Elon Musk is coming close to earning the first $346 million tranche of options in a record-breaking pay package, after the electric vehicle maker’s stock more than doubled in the last three months.
Trading Ideas
Musk nears $346 million payday as Tesla market value soars
Tesla Inc Chief Executive Elon Musk is coming close to earning the first $346 million tranche of options in a record-breaking pay package, after the electric vehicle maker’s stock more than doubled in the last three months. Shares of Tesla surged 9% to a record high on Monday. Musk has already hit an operational target that is also necessary for the options to vest. …read more […]