Business News
Bank of America recognizes pretax impairment charge of $2.1 billion
(Reporting by Abhishek Manikandan in Bengaluru; Editing by Maju Samuel)
Articles by Editor
Business News
Effort to disqualify lawyer part of U.S. campaign against Huawei: counsel
The effort to stop a former U.S. Justice Department official from representing Huawei is another step in a broader U.S. government campaign against the Chinese company, a lawyer for Huawei argued on Wednesday.
Business News
U.S. safety agency cites Tesla Autopilot design as factor in 2018 California crash
The National Transportation Safety Board (NTSB) on Wednesday cited driver errors and Tesla Inc’s Autopilot design as the probable cause of a January 2018 crash of a Model S into a parked fire truck on a highway in California.
Business News
U.S. sues to stop Novelis purchase of Aleris
The U.S. Justice Department on Wednesday filed a lawsuit aimed at stopping Novelis Inc’s [NVLXC.UL] proposed $2.6 billion purchase of Aleris Corp because of concern over higher prices for aluminum sheet used to make cars.
Business News
Fed’s rate-cut debate focuses on ‘robust’ U.S. consumer
Slowing global economies, the escalating trade war between Washington and Beijing and a warning sign of recession flashing in the U.S. Treasury market have all fed expectations the Federal Reserve is poised to lower rates at the close of its Sept. 17-18 meeting.
Business News
Slack loss forecast bigger than expected, shares plunge
Slack Technologies Inc forecast a bigger-than-expected loss for the third quarter on Wednesday, as the workplace messaging and communication platform invests heavily to attract paid customers and organizations in the face of competition from companies like Microsoft Corp .
Business News
U.S. judge approves CVS purchase of insurer Aetna
A federal judge reviewing a Justice Department decision to allow U.S. pharmacy chain and benefits manager CVS Health Corp to merge with insurer Aetna said on Wednesday that the agreement was legal under antitrust law.
Business News
Equities advance, U.S. Treasury yield curve steepens on easing geopolitical fears
Stocks rebounded worldwide on Wednesday, and the U.S. Treasury yield curve steepened as upbeat geopolitical news and positive economic data from China helped revive risk appetite.
Trading Ideas
3 Dividend Payers Immune to a Trade War
It seems that nearly every day the stock market is reacting to tweets or news about the trade war.
Whether it’s responding to made-up stories about China placing a couple of phone calls, real negotiations or breakdowns in talks, the market’s reactions to trade-related events have been strong.
Considering the world is more connected than ever, it’s hard to find stocks that shouldn’t be badly affected by a trade war or tariffs.
However, today I have three all-American, relatively tariff-proof companies for you that have safe and solid dividend yields.
All-American Dividend Champion No. 1: AT&T
Investors have shied away from AT&T (NYSE: T) because …read more […]
Business News
Slack posts huge loss in first quarter as public company
Slack Technologies Inc , the workplace messaging and communication platform, posted a huge loss in its first quarter as a public company as it spent heavily on sales and marketing to boost engagement on its platform and retain users.
Business News
Wall Street buoyed by China data, Hong Kong and Brexit news
Wall Street’s main indexes rebounded on Wednesday, after robust economic data from China, easing tensions in Hong Kong and British lawmakers’ approval of a law to delay Brexit provided some optimism to investors worried about global growth.
Trading Ideas
Big-Name Investor Sells Shares and Triggers a Play Opportunity
On August 28, I introduced the idea of following along with Schedule 13D filings – which are reported to the Securities and Exchange Commission (SEC) – because they can sometimes lead to great moneymaking opportunities.
As a refresher, I wrote…
A Schedule 13D must be submitted to the SEC within 10 days by anyone who acquires beneficial ownership of more than 5% of any class of publicly traded securities in a public company. These documents give the public transparency into purchases that large shareholders make in any public company.
More importantly, they often contain hints about potential future events at the company, …read more […]
Business News
Wall Street rises on strong Chinese data, Hong Kong and Brexit news
Wall Street’s main indexes rebounded on Wednesday, after robust economic data from China, easing tensions in Hong Kong and British lawmakers’ approval of a law to delay Brexit provided a dose of optimism to investors worried about global growth.
Business News
Oil prices rise over 4% on positive economic data from China
Oil prices rose more than 4% on Wednesday, boosted by a wider market pickup on positive news from China, after three days of losses due to fears about a weakening global economy.
Business News
U.S. trade deficit shrinks, gap with China remains elevated
The U.S. trade deficit narrowed slightly in July, but the gap with China, a focus of the Trump administration’s “America First” agenda, surged to a six-month high.