Business News
Disney CEO Bob Iger resigns from Apple board
Apple Inc said on Friday Walt Disney Co Chief Executive Officer Bob Iger had resigned from the company’s board of directors on Sept. 10.
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Trading Ideas
How to Prepare for a Gold Pullback
A gold pullback is what we’ve been talking about in The War Room for weeks.
After a massive run from the $1,300s to almost $1,550 over the summer, the recent pullback in gold prices is a welcome sight to those of us who know that runs don’t last forever.
In order to have a healthy rally in any asset, there must be a process of backing and filling. Much like building a strong foundation for a house, you must have a solid base.
Gold prices have a very solid base around the $1,400 level, but there is a gap in price between the …read more […]
Business News
Citigroup stands by card strategy despite economic clouds
Some Wall Street analysts have begun to question whether Citigroup Inc’s big bet on credit cards will backfire if the U.S. economy enters a recession, despite the bank saying it is underwriting responsibly.
Business News
S&P edges lower as Apple weighs, trade tensions ease
The S&P 500 ended the day down slightly on Friday but less than 1% below its all-time high as a drop in Apple stock countered cooling U.S.-China trade tensions.
Business News
Global stocks, bond yields lifted by U.S.-China trade hopes
A gauge of global stocks rose for an eighth straight day and benchmark government bond yields climbed on Friday after signs of progress in U.S.-China trade talks, as well as a solid U.S. retail sales report, allayed recession worries.
Business News
S&P ends lower as Apple weighs, trade tensions ease
The S&P 500 ended the day down slightly but less than 1% below its all-time high as a drop in Apple stock countered easing U.S.-China trade tensions.
Business News
Apple counters Goldman call on ‘negative impact’ of Apple TV+ trial
Apple Inc on Friday disputed a Goldman Sachs research note which stated that the company’s plans to account for the trial of its new streaming service Apple TV+ will have a “material negative impact” on its results.
Business News
U.S.-China trade optimism boosts stocks, bond yields
A gauge of global stocks was on track for an eighth straight day of gains and benchmark government bond yields advanced on Friday after signs of progress in U.S.-China trade talks, as well as a solid U.S. retail sales report, allayed recession worries.
Business News
Wall Street mixed as trade hopes capped by Apple drop
Wall Street was mixed on Friday, with the S&P 500 and the Dow hovering just below all-time highs as cautious optimism regarding easing U.S.-China trade tensions was held in check by a drop in Apple stock.
Trading Ideas
Is AT&T’s Dividend Safe?
Some of the world’s best investors stick to dividend portfolios. They know that a steady stream of income is a top wealth building strategy. And finding the best deals with the most reliable companies is vital. But what happens when a reliable company is saddled with debt? Today, we’re going to review AT&T’s dividend safety and how it will pay off its debt.
Business Overview and Highlights
AT&T is a $279 billion business based out of Dallas, Texas. The company employs 268,200 people. Last year AT&T pulled in $171 billion in sales and that breaks down to $637,000 per employee.
The company operates …read more […]
Business News
PG&E settles wildfire claims with insurers for $11 billion
PG&E Corp said on Friday it has reached an $11 billion settlement to resolve most claims by insurance carriers related to 2017 and 2018 wildfires in California.
Business News
Apple, Broadcom keep Wall Street gains in check
Losses in shares of U.S. technology majors Apple and Broadcom held the S&P 500 just under record levels on Friday, as traders balanced the latest indicators of an uncertain global growth outlook with perceived progress in Sino-U.S. trade relations.
Business News
Factbox: What needs to happen before Boeing’s 737 MAX can fly again
Boeing Co’s best-selling jet, the 737 MAX, was grounded globally in March, days after the crash of an Ethiopian Airlines flight that followed a similar Lion Air disaster in Indonesia in October. A total of 346 people died in the two crashes.
Business News
Solid U.S. retail sales calm some worries about economy
U.S. retail sales increased more than expected in August, pointing to solid consumer spending that should continue to support a moderate pace of economic growth.
Business News
IMF has a decision to make in Argentina: rock or hard place?
The International Monetary Fund has a tough choice to make in Argentina: Unlock over $5 billion in funds under the country’s loan deal as the government strains to stave off default, or hold the money back and risk sparking more market panic.