Trading Ideas
Analyst: 'Other automakers are years behind' what Tesla is doing
Tesla competitive advantage involves a mountain of data. “This is something no other automakers have done.” …read more […]
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Business News
Wall St. rallies as Powell stays on rate-hike course
Wall Street rallied on Friday, with the S&P 500 and the Nasdaq hitting all-time highs, after Federal Reserve Chair Jerome Powell said the central bank’s current approach to interest rate hikes was the best way to protect the U.S. economic recovery.
Business News
Papa John’s taps investment banks amid pressure from founder: sources
Papa John’s International Inc , the world’s third-largest pizza delivery company, has hired Bank of America Corp and Lazard Ltd to help find ways to stabilize the restaurant chain, which has come under pressure from its founder John Schnatter, people familiar with the matter said on Friday.
Trading Ideas
Why Canopy Growth, Cronos Group, and Tilray Are Soaring Again Today
These three marijuana stocks continue to enjoy momentum on the heels of a major deal for Canopy and anticipation of Canada’s recreational cannabis market opening. …read more […]
Business News
UK auditors, watchdog to discuss curbs on Big Four market share
Britain’s top accountants will meet with competition regulators next week to discuss limiting the “Big Four” auditors’ market share after lawmakers called for them to be broken up.
Business News
As big firms get bigger, rate cuts may pack less punch: study
Low interest rates may do less to boost business spending in today’s economy than in years past because the big companies that now dominate many industries tend to use their money on intangibles that do not get cheaper as borrowing costs fall.
Trading Ideas
Why Shares of Arista Networks Are Surging Today
The fast-growing networking company will soon be part of an important stock index. …read more […]
Business News
Global stocks rally after Powell speech, oil prices surge
Global equity market rose on Friday after Federal Reserve Chairman Jerome Powell expressed no surprises in a key speech outlining a steady course for monetary policy, while oil prices surged on signs Iran sanctions may constrain worldwide supply.
Trading Ideas
Should You Follow Insiders Into AT&T?
Insiders showed their confidence in the stock at the end of July. How’s the business looking? …read more […]
Business News
Cigna, Express Scripts shareholders approve $52 billion deal
Cigna Corp shareholders on Friday voted in favor of the health insurer’s proposed $52 billion acquisition of pharmacy benefit manager Express Scripts Holding Co , although the deal still needs clearance from antitrust authorities.
Business News
Fed chief Powell defends policy of gradual rate hikes
Federal Reserve Chairman Jerome Powell on Friday defended the U.S. central bank’s push to raise interest rates as healthy for the economy and signaled more hikes were coming despite President Donald Trump’s criticism of higher borrowing costs.
Trading Ideas
Fed chief Powell defends policy of gradual rate hikes
Federal Reserve Chairman Jerome Powell on Friday defended the U.S. central bank’s push to raise interest rates as healthy for the economy and signaled more hikes were coming despite President Donald Trump’s criticism of higher borrowing costs. The Fed, which began to tighten monetary policy in 2015, has raised rates twice this year and is expected to do so again next month and perhaps once more before the end of the year. Powell’s comments were not a direct response to Trump’s criticism that he is “not thrilled” with the Fed for raising rates as the Trump administration tries …read more […]
Business News
S&P, Nasdaq hit record as Powell stays on rate-hike course
The benchmark S&P 500 and the Nasdaq hit all-time highs on Friday after Federal Reserve Chair Jerome Powell said the central bank’s current approach to interest rate hikes were the best way to protect the U.S. economic recovery.
Trading Ideas
Stocks up following comments from Fed Chair Jay Powell
US-China trade negotiations end with little progress …read more […]
Business News
Exclusive: U.S. Commerce’s Ross picks ZTE monitor after rejecting ‘Never Trump’ lawyer
U.S. Commerce Secretary Wilbur Ross has appointed a former federal prosecutor to monitor China’s ZTE Corp after people familiar with the matter said he rescinded an offer to a former U.S. official for signing a “Never Trump” letter before the 2016 presidential election,