Business News
Oil prices slip, but supported by hopes trade tensions could ease
Crude oil prices slipped on Tuesday, but losses were limited as equity markets rallied and as traders hoped Sino-U.S. trade tensions would ease.
Articles by admin
Business News
Asian shares nudge higher on stimulus hopes, recession fears ease
Asian shares extended their gains on Tuesday as hopes for stimulus in major economies tempered anxiety about a global recession, helping boost riskier assets and drawing money from safe-havens such as bonds and gold.
Business News
Japan Inc backs Abe’s tough trade stance vs South Korea amid row: Reuters poll
Japanese companies broadly support Prime Minister Shinzo Abe’s tough trade stance against South Korea, a Reuters poll found.
Business News
Top U.S. CEOs say companies should put social responsibility above profit
Corporate America is responsible for providing economic benefits to all, not just its investors, the Business Roundtable group said on Monday.
Business News
General Electric fortifies defense against charges of bogus accounting
General Electric Co reinforced its defense of its accounting practices on Monday after investors asked more questions about an unusual research report last week that accused the jet engine and power plant maker of financial fraud.
Business News
Wall Street rallies on hopes of global economic stimulus
U.S. stocks climbed on Monday as reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy that were stoked last week as bond yields fell.
Trading Ideas
How to Recover From a Sell-Off
“You’ll never make that money back!” the pitchman breathlessly exclaimed.
The guy on the radio was selling annuities and warning investors not to put their money in the risky “Wall Street casino.”
He tried to scare listeners by telling them that if the market crashed like it did in 1987 or we had another nasty bear market like in 2000 or 2008 that “it would take a lifetime to make that money back.”
He couldn’t have been more wrong.
On October 19, 1987, or Black Monday, the Dow Jones Industrial Average plummeted 22.6%.
It was the biggest one-day drop in U.S. stock market history.
But it …read more […]
Business News
U.S. tech industry leaders: French digital service tax harms global tax reform
Major tech firms and U.S. tech industry groups said on Monday that France’s new digital services tax undermines the global tax regime and multilateral efforts to reform it.
Trading Ideas
How We Predicted the Dow Jones Industrial Average Would Fall
On July 2, I posted a Trade of the Day titled “Can You Trust the Market’s Recent Run?”
The point of this article was simple…
According to the earliest known form of modern technical analysis, the major market averages were not confirming an upside trend!
As a refresher, I wrote…
Dow Theory was developed by Charles Dow, who, with Edward Jones, founded Dow Jones & Company and developed the Dow Jones Industrial Average. The two published their market theories in a series of editorials in The Wall Street Journal, which was co-founded by Dow. Dow Theory says that the market is in an upward …read more […]
Business News
Judge dismisses turnaround guru’s racketeering case vs McKinsey
A federal judge dismissed claims on Monday by turnaround pioneer Jay Alix that McKinsey & Co violated racketeering laws when the consulting firm expanded into advising bankrupt U.S. companies.
Business News
Wall Street rallies as investors cheer global stimulus efforts
U.S. stocks climbed on Monday as reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy that were stoked last week as bond yields fell.
Business News
Who is next in big pharma’s merger spree?
Consolidation in the U.S. healthcare industry, which has already witnessed a string of multi-billion dollar deals, is expected to remain a major theme for the rest of 2019.
Business News
Oil rises 2% after attack on Saudi field, stimulus expectations
Oil prices gained roughly 2% on Monday after a weekend attack on a Saudi oil facility by Yemen’s Houthi forces threatened crude supplies and as traders looked for signs that top economies would take measures to counteract a global slowdown.
Business News
Plant-based meat alternatives crowd U.S. grocery stores
Plant-based meat alternatives have seen booming interest from consumers, prompting a growing number of companies to enter the space in hopes of carving out a spot for their products in the competitive supermarket aisle.
Business News
Factbox: Disney to take on Netflix as streaming war heats up
The crowded market for video streaming, currently dominated by Netflix Inc, is expected to heat up further as Walt Disney Co rolls out its Disney+ service on Nov. 12 in the United States, Canada and the Netherlands.