Business News
Is the U.S. economy sinking or the strongest ever? For the Fed, no clear answer
The U.S. Federal Reserve is under pressure from President Donald Trump to cut interest rates. Investors expect the Fed to cut, perhaps by a lot.
Articles by admin
Business News
White House mulling tax cuts but not to counter weakness: adviser
The Trump administration is considering a package of tax cuts designed to buttress the economy’s long-term growth that could be rolled out during the 2020 election campaign, but it is not considering reductions now to counter economic weakness, White House economic adviser Larry Kudlow said on Thursday.
Business News
Hasbro to buy studio Entertainment One, home of Peppa Pig, for $4 billion
U.S. toy maker Hasbro Inc will buy Entertainment One Ltd for about $4 billion (3.27 billion pounds) in cash, adding the independent studio with preschool brands such as Peppa Pig and PJ Masks, the companies said on Thursday.
Business News
HP CEO Dion Weisler to step down in November; shares slide
HP Inc said on Thursday that Chief Executive Officer Dion Weisler was stepping down after nearly four years, citing personal reasons.
Business News
S&P 500 stalls in economic data offset, ahead of Fed chair’s speech
The benchmark S&P 500 ended little changed on Thursday as a fall in U.S. jobless claims offset data showing a contraction in U.S. manufacturing activity while investors awaited Federal Reserve Chair Jerome Powell’s speech on Friday for clues on the central bank’s monetary policy.
Business News
Exclusive: Biofuels company proposes to buy fire-damaged Philadelphia refinery
A biofuels producer said on Thursday it is proposing to acquire the fire-damaged Philadelphia Energy Solutions refinery and convert it to make renewable diesel and jet fuels.
Business News
HP CEO Dion Weisler to step down in November
HP Inc , the hardware business that was formerly part of Hewlett Packard Co, said on Thursday that Chief Executive Officer Dion Weisler is stepping down from the role in November.
Business News
Hasbro to buy studio Entertainment One for $4 billion
U.S. toy maker Hasbro Inc will buy Entertainment One Ltd for about $4 billion in cash, adding the independent studio with preschool brands such as Peppa Pig to the U.S. company known for Nerf and Power Rangers, the companies said on Thursday.
Business News
Gap same-store sales disappoint as Old Navy struggles
Gap Inc posted quarterly same-store sales that fell short of analysts’ estimates on Thursday, as Old Navy suffered its worse comparable sales figures in three years ahead of a planned spin-off of the brand.
Business News
Stocks edge lower as investors eye Fed’s Jackson Hole meeting
An index of stock markets worldwide crept lower on Thursday on uncertainty over the outlook for U.S. interest rate cuts and weak U.S. manufacturing data that raised concerns about the health of the world’s largest economy.
Business News
Gap same-store sales miss estimates as top brands disappoint
Gap Inc’s quarterly same-store sales fell short of analysts’ estimates on Thursday, hit by weakness at its Gap and Old Navy brands, sending its shares down 5% in extended trading.
Business News
Two Fed officials see no case for rate cut now; Kaplan ‘open-minded’
Two Federal Reserve officials on Thursday said they see no need for an interest rate cut next month, while another said he was “open-minded,” highlighting policymakers’ divisions over how to respond to signs of a global economic slowdown.
Business News
Wall Street treads water ahead of Fed chair speech
The benchmark S&P 500 ended little changed on Thursday as a fall in U.S. jobless claims offset data showing a contraction in U.S. manufacturing activity while investors awaited Federal Reserve Chair Jerome Powell’s speech on Friday for clues on the central bank’s monetary policy.
Business News
News Corp developing ‘Knewz.com’ service to take on Google News: WSJ
News Corp is developing a news-aggregation service to compete with Alphabet Inc’s Google News and could be launched later this year, the Wall Street Journal reported citing people familiar with the matter.
Trading Ideas
The $100 “Smart Shares” Retirement Plan Review
The $100 “Smart Shares” Retirement Plan is a webinar hosted by former financial adviser, and early investing expert, Adam Sharp. The event educates investors on the massive income potential of Smart Shares, and how they can set you on your way to a dream retirement.
Smart Shares will revolutionize the way you invest. With them, you can invest in the very best growth-stage companies, without going through the stock market. In other words, they give you ownership in the company, while completely bypassing Wall Street.
Previously Smart Shares were reserved for millionaires and elite insiders… Now, thanks to S.E.C. Rule 4-A6, businesses …read more […]