Business News
Wall Street rally ends as financial shares slide
Financial shares led U.S. stocks lower on Tuesday to end a three-day rally as investors awaited comments from Federal Reserve Chair Jerome Powell at the end of the week.
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Business News
Walmart sues Tesla over fires at stores using its solar panels
Walmart Inc sued Tesla Inc over fires at stores, which were using the electric carmaker’s solar panels, according to lawsuit filed in a New York court.
Trading Ideas
Why Adding Bonds to Your Portfolio Can’t Wait
A Note from Bond Strategist Steve McDonald: I’m tired of pounding the table…
Last September, I told you to quit stocks and shift into bonds. I said the stock market would sell off – and boy, I hope you listened. Just take a look at what happened.
A couple of weeks later, the fourth quarter began and stocks tanked, sending the S&P 500 down 14% and the tech-heavy Nasdaq down 17% for the quarter.
If you had pulled money from stocks at the end of last summer – not all of it, just some, as I advised – and put it into bonds, …read more […]
Business News
As trade war drags on, new Bunge CEO looks to avoid ‘stroke-of-the-pen’ risk
A year removed from a losing bet that the U.S.-China trade war would be promptly resolved, global grains trader Bunge Ltd is facing an even more uncertain business environment, with a new chief executive who is determined not to get burned again.
Business News
Trump looking at possible U.S. payroll, capital gains tax cuts
President Donald Trump on Tuesday said his administration was looking to cut U.S. taxes on wages and on profits from selling assets such as stocks, but that he was not talking about doing anything imminently.
Business News
It’s the Fed, but the world will have its say
The U.S. Federal Reserve has a purely domestic mandate, answerable to an elected Congress and facing nearly daily demands from an outspoken president.
Trading Ideas
The Truth About Losses, Sizing and Greed
I’d like to open today’s Trade of the Day with a quote from Max Gunther’s The Zurich Axioms:
Accept small losses cheerfully as a fact of life. Expect to experience several while awaiting a large gain.
A big part of Smart Speculation is being properly positioned ahead of time for a future move to occur.
If executed properly – and your speculative position hits – you’ll be cashing in when everyone else is hearing about the payoff for the very first time.
Even if a speculative position doesn’t hit (which will happen), don’t worry – because you likely won’t suffer a catastrophic loss.
You see, …read more […]
Business News
Trump says he had to ‘take China on,’ regardless of short-term impact on U.S. economy
President Donald Trump on Tuesday said he had to confront China over trade even if it caused short-term harm to the U.S. economy because Beijing had been cheating Washington for decades.
Business News
U.S. Justice Department sues to block Sabre acquisition of Farelogix
The U.S. Justice Department sued on Tuesday to block travel technology firm Sabre Corp’s $360 million acquisition of Farelogix Inc, saying in court papers that it was a “dominant firm’s attempt to eliminate a disruptive competitor.”
Business News
U.S. oil firms challenge pipeline surcharge for steel tariff: filing
Two U.S. shale producers have challenged an energy pipeline operator’s proposed surcharge for the Trump administration’s 25% tariff on imported steel, raising the stakes for pipeline builders facing higher construction costs.
Business News
General Electric insurance called ‘risky’ by Fitch; shares fall again
General Electric Co ranks among the riskiest backers of long-term care insurance, suffering from both high exposure to claims and a relatively small cash pile to pay them, Fitch Ratings said in a report on Tuesday that sent GE’s shares tumbling.
Business News
Trump White House tries to assuage farmer unrest over biofuel policy: sources
President Donald Trump’s administration has been scrambling to stem the tide of rising anger in Farm Belt states after its decision this month to allow numerous oil refiners to mix less ethanol into their gasoline, sources told Reuters on Tuesday.
Business News
Wall Street rally halts as financial shares slide
Financial shares led U.S. stocks lower on Tuesday to end a three-day rally as investors awaited comments from Federal Reserve Chair Jerome Powell at the end of the week.
Business News
Trump looking at possible U.S. tax cuts but not now
President Donald Trump on Tuesday said his administration was looking to cut U.S. taxes, but he was not talking about doing anything at this moment.
Business News
U.S. conservatives say Facebook needs ‘significant work’ to address concerns: former senator
A review by a former Republican U.S. senator concludes that political conservatives believe Facebook Inc needs to do “significant work” to satisfy their concerns that the social media website is biased, describing policies and examples that they found problematic without laying out evidence of systemic partisanship.