U.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic stimulus brought buyers back to the equities market, closing the book on a tumultuous week.
U.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic stimulus brought buyers back to equities, but major indexes still ended the week with losses.
Canada on Friday announced a multi-billion dollar contract with General Dynamics Corp for equipment that will be manufactured in a region where the ruling Liberals need to do well in an October election.
There wasn’t enough time for me to do a full fundamental analysis on General Electric (NYSE: GE) yesterday. Regardless, I shared my thoughts on recent happenings with the company, and War Room members came out ahead.
Here’s the backstory…
An analyst came out with a report Thursday that GE was cooking its books.
This was no ordinary analyst…
It was Harry Markopolos, the same one who called out Bernie Madoff’s Ponzi scheme. His opinion is definitely worth some weight. And that weight knocked GE shares down for a loop.
Just the day before, the CEO of GE bought millions of dollars’ worth of stock in …read more […]
Amazon.com Inc on Friday defeated an appeal by the U.S. Internal Revenue Service in what the online retailer has called a $1.5 billion dispute over its tax treatment of transactions with a Luxembourg subsidiary.
Oil prices on Friday rebounded from a two-day drop, alongside equities as expectations of further stimulus by central banks helped to ease recession concerns.
One Federal Reserve policymaker who opposed the Fed’s recent rate cut is considering whether to support such a move now given risks that a U.S.-China trade war and global slowdown could derail the economy.
General Electric shares dropped 11% yesterday to $7.80 after famed fraud investigator Harry Markopolos released a report calling GE a “bigger fraud than Enron.” You may remember Mr. Markopolos as the man who tried to alert the Securities and Exchange Commission (SEC) to Bernie Madoff’s billion-dollar ponzi scheme a decade before it collapsed.
To be fair, it’s worth noting that Markopolos is working with an unnamed hedge fund that has shorted GE stock and stands to make money if GE shares drop. So Markopolos is not exactly an unbiased witness. Despite this, I’m inclined to listen to what the man has …read more […]
Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries about the economy, while a bonanza of industry data and Federal Reserve speakers next week are likely to help shape the outlook.
A federal judge in California on Friday urged the U.S. Securities and Exchange Commission and Volkswagen AG to resolve a civil suit stemming from its Dieselgate emissions scandal.
Technology shares led Wall Street’s advance on Friday as a waning bond rally and news of potential German economic stimulus brought buyers back to the market at the close of a turbulent week.
Tyson Foods Inc is recalling nearly 40,000 pounds of its Weaver chicken patties after some consumers found pieces of rubber in the product, the no. 1 U.S. meat processor said.
Continued MaaS Subscription Revenue Growth Accompanies Improved Net Loss per Share Phunware, Inc. (NASDAQ: PHUN) (the “Company”), a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, today announced financial […]
Wall Street’s three main indexes rose more than 1% on Friday, clawing back some losses from a brutal selloff this week on hopes of more stimulus from central banks to perk up slowing growth.
Car rental company Nextmove has walked away from a 5 million euros ($5.55 million) order for 85 Tesla Model 3 electric vehicles following a dispute over how to fix quality issues, the German company said on Friday.
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