Trading Ideas
Should You Consider Matrix Service Company (NASDAQ:MTRX)?
Matrix Service Company (NASDAQ:MTRX) is a stock with outstanding fundamental characteristics. When we build an… …read more […]
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Trading Ideas
T-Mobile-Sprint Merger Has Majority Support at the FCC
(Bloomberg) — T-Mobile US Inc.’s proposed merger with Sprint Corp. has received a third “yes” vote at the U.S. Federal Communications Commission, moving the deal toward agency approval in coming days, according to two people familiar with the matter.All three Republicans on the five-member agency have voted for the deal, setting in motion procedures that would require agency action by Oct. 9, or Oct. 16 if an extension is requested by a commissioner, the people said. Neither agency Democrat has cast a vote, and both have called for delay.The third “yes” came from Commissioner Brendan Carr, according to the people, …read more […]
Trading Ideas
Do Institutions Own Microsoft Corporation (NASDAQ:MSFT) Shares?
If you want to know who really controls Microsoft Corporation (NASDAQ:MSFT), then you’ll have to look at the makeup of… …read more […]
Business News
Jobs report lifts Wall Street; S&P 500 still tracks worst week in six
U.S. stocks rose on Friday as moderate jobs growth in September offered some relief from a spate of dismal economic data this week that has rankled markets and fueled concerns that the United States was sliding into a recession.
Business News
Reuters News moves into events business with FCBI deal
Thomson Reuters Corp said on Friday it had acquired events company FC Business Intelligence (FCBI) to tap into the fast growing sector and help further promote its Reuters News brand.
Trading Ideas
September jobs report a 'mixed bag' for the Fed
Scott Brown, chief economist at Raymond James, says there were positives and negatives in the September jobs report. He spoke with Yahoo Finance’s Alexis Christoforous and Brian Sozzi. …read more […]
Business News
EU to hit Broadcom with interim order this month: source
EU antitrust regulators will this month order U.S. chipmaker Broadcom to scrap its exclusivity clauses with TV and modem makers while they investigate whether this and other tactics hamper rivals, a person familiar with the matter said on Friday.
Business News
FBI director warns Facebook could become platform of ‘child pornographers’
FBI Director Christopher Wray said Friday that Facebook’s proposed move to encrypt its popular messaging program would turn the platform into a “dream come true for predators and child pornographers.”
Business News
Oil rises on fall in U.S. unemployment rate
Oil prices rose on Friday, although remained on track for a second consecutive weekly loss, as an increase in U.S. jobs eased financial market concerns that the slowing economy was on the brink of a recession amid lingering trade tensions.
Business News
Kudlow says Trump team ‘open-minded’ about U.S.-China talks next week
White House economic adviser Larry Kudlow said on Friday that the U.S. team was “open-minded” about the outcome of U.S.-China trade talks next week, which will include deputy-level meetings on Monday and Tuesday, with minister-level meetings Thursday and Friday.
Trading Ideas
Sarepta Climbs as Gene Therapy Shows Promise in Early Study
(Bloomberg) — Sarepta Therapeutics Inc.’s bulls may get some validation after the company’s experimental gene therapy for a rare type of muscular dystrophy improved physical fitness in a trio of patients.Updated data for the experimental compound showed patients with an inherited form of Limb-girdle muscular dystrophy reaped functional benefits in several areas after receiving SRP-9003, with a pair of teenagers posting gains in their ability to move when they typically would have experienced declines. Analysts had stressed that promising results could help the company shake-off a recent rout that wiped out $6 billion in market value as questions about the …read more […]
Trading Ideas
136,000 jobs added in September as average hourly wages rise by 2.9% year-over-year
The September Jobs Report was released this morning, showing 136,000 jobs added, and a 2.9% rise in average hourly wages year-over-year. Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Jared Blikre are joined by David Nelson, Belpointe Asset Management Chief Strategist, and Michelle Meyer, Chief U.S. Economist at Bank of America Merrill Lynch, to discuss. …read more […]
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Husky to sell Prince George Refinery to Tidewater Midstream
Canadian oil and gas producer Husky Energy said on Friday it would sell its Prince George Refinery to Tidewater Midstream and Infrastructure for C$215 million ($161.59 million) in cash. Husky said in early January that it was exploring options for some of its non-core and downstream assets, including the Prince George Refinery, to increase focus on its core assets in atlantic Canada and the Asia Pacific region. The Prince George Refinery has a capacity of 12,000 barrel-per day and supplies refined products to retail outlets in the central and northern regions of British Columbia. …read more […]
Trading Ideas
How Much Of American Electric Power Company, Inc. (NYSE:AEP) Do Institutions Own?
If you want to know who really controls American Electric Power Company, Inc. (NYSE:AEP), then you’ll have to look at… …read more […]
Business News
U.S. unemployment rate falls to 3.5%; job growth steady
U.S. job growth increased moderately in September, with the unemployment rate dropping to near a 50-year low of 3.5%, assuaging financial market concerns that the slowing economy was on the brink of a recession amid lingering trade tensions.