Business News
Summer is over for investors as global worries build
Investors returning from their summer holidays in the coming days are likely to feel a distinct chill in the air as they assess the world economy.
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Problems at Wells Fargo, bad news for Elon Musk, Starbucks revamps the Frappuccino
Wells Fargo, Tesla, Starbucks and Apple are the companies to watch. …read more […]
Business News
Founder sues Papa John’s board to stop ‘irreparable harm’
The founder and largest shareholder of Papa John’s International Inc sued the pizza chain’s board and chief executive late on Thursday to stop what he described as “the irreparable harm” they are causing the company, according to a court filing.
Business News
Wall Street sluggish on trade concerns; Apple, Amazon lift Nasdaq
The S&P 500 and the Dow Jones Industrial Average were largely flat on Friday hit by concerns about ongoing trade talks between the United States and other major economies, but gains in Apple and Amazon lifted the Nasdaq.
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White House faces brain drain at perilous moment
Increasingly convinced that the West Wing is wholly unprepared to handle the expected assault from Democrats if they win the House in November, President Donald Trump’s aides and allies are privately raising alarm as his circle of legal and communications advisers continues to shrink. With vacancies abounding in the White House and more departures on the horizon, there is growing concern among Trump allies that the brain drain at the center of the administration could hardly come at a more perilous time. Special counsel Robert Mueller’s swirling probe of Russian election interference and potential obstruction of justice by …read more […]
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Why Is Enterprise Products (EPD) Down 1.8% Since Last Earnings Report?
Enterprise Products (EPD) reported earnings 30 days ago. What’s next for the stock? We take a look at earnings estimates for some clues. …read more […]
Business News
Wall Street opens lower as trade concerns weigh
U.S. stocks opened lower on Friday for a second day in a row, as concerns about the ongoing trade talks between the United States and other major economies hampered a record rally for the major indexes.
Business News
No Canadian agriculture concessions in U.S. trade talks: USTR
Canada has made no agriculture concessions to the United States in bilateral trade talks aimed at reaching deal in principle to modernize the North American Free Trade Agreement, a spokeswoman for the United States Trade Representative’s office said.
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U.S., Canada slug it out as deadline looms to clinch NAFTA
Canada and the United States will make a final push to iron out differences on a pact to modernize the North American Free Trade Agreement (NAFTA) by a Friday deadline set by President Donald Trump, but the atmosphere soured late on Thursday according to a media report. U.S. Trade Representative Robert Lighthizer and Canadian Foreign Minister Chrystia Freeland were unable to clinch a deal despite meeting late into the evening on Thursday. …read more […]
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U.S. Midterm Election May Be Harbinger for Emerging-Market Rally
If history teaches emerging-market investors one thing about U.S. midterms, it’s hang in there, ride out the volatility and wait for the rally. Since 1990, a strategy of purchasing stocks in MSCI’s emerging-market equity index on Oct. 31 in midterm years and selling 12 months later would have returned an average of 23 percent. In years without midterm elections, stocks gained an average of 9.3 percent over the same period. …read more […]
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Amazon dethrones Tesla as the stock short sellers hate the most (TSLA, AMZN)
The e-commerce giant dethroned Elon Musk’s car company Thursday as the most heavily shorted stock as shares climbed above $2,000 for the first time. Less than one week after Tesla CEO Elon Musk ended his bid to take the electric-car company private, Amazon has passed it as the most-shorted US stock. Short interest in Amazon climbed to $9.97 billion on Friday, according to data from S3 partners, passing the $9.83 billion in bets against Tesla’s stock, which for months has been the most-shorted name in the market. …read more […]
Business News
Canada, U.S. may not reach NAFTA deal within deadline: Globe and Mail
Canada’s government officials have expressed concern that a final North American Free Trade Agreement (NAFTA) pact will not be reached within the Friday deadline set by U.S. President Donald Trump, the Globe and Mail reported, citing a source familiar with the matter.
Business News
CEO: Credit Suisse saw client activity drop since July – BBG TV
Credit Suisse has seen a drop in client activity since the start of the third quarter, Chief Executive Tidjane Thiam told Bloomberg Television, as customers become cautious amidst escalating trade worries.
Trading Ideas
3 Top Stocks for Low-Risk Investors to Consider Buying
These pipeline companies operate at the low end of the risk spectrum. …read more […]
Business News
Global shares extend falls on Trump trade threats
Global stocks fell for a second day on Friday as a report that U.S. President Donald Trump was preparing to step up a trade war with Beijing dampened risk appetite and erased some of the gains made in a rally this week.