After a seven-month stall, Wall Street’s bull market looks back on track, thanks to Amazon.com , Alphabet and other high-flying technology and consumer discretionary companies.
The jury in the financial fraud trial of former Trump campaign chairman Paul Manafort asked the judge Tuesday what it should do if it cannot reach a consensus for a single count in the case. The jury in Alexandria, Virginia is weighing 18 counts against Manafort, who is accused of hiding millions of dollars in foreign income from Ukraine and of lying on loan applications to maintain a lavish lifestyle. Manafort’s attorneys called no witnesses in his defense, arguing that the prosecution failed to meet their burden of proof. …read more […]
The dollar weakened on Tuesday after U.S. President Donald Trump slammed the Federal Reserve for raising interest rates, while global equity markets rose as strong economic and earnings growth favored stocks in a relatively benign environment.
Protectionism will result in higher prices for U.S. citizens, a senior executive at BHP said on Tuesday, adding that the mining company was already seeing the effect.
Uber Technologies Inc [UBER.UL] has hired a chief financial officer, the ride-services company said on Tuesday, filling a long-standing vacancy and clearing the way for a much-anticipated initial public offering next year.
It’s smelling like roses these days, but technically speaking Apple (NASDAQ:AAPL) is ripe for turning less sweet with investors. From its earnings beat to chatter over low-cost Macs and a fresh Apple Watch on the horizon, Apple’s stock has surged 13% in August to reach all-time-highs and cement its place as the world’s first trillion-dollar public company. Bank of America’s recent upgrade only serves to bolster the case for investing in Apple’s growth. …read more […]
The benchmark S&P 500 edged closer to a record high on Tuesday, matching its longest-ever bull-market run, as U.S. stocks rose after some encouraging earnings reports and on hopes that the United States and China could resolve their tariff dispute.
Last week, General Electric Company (NYSE:GE) hit a terrible milestone. The market value on General Electric stock is now at $107 billion. Keep in mind that GE stock has dropped a grueling 48% during the past year. …read more […]
Morgan Stanley has joined Goldman Sachs in restricting its research coverage of Tesla. Tesla CEO Elon Musk is attempting to take the electric-car maker private and has begun tapping banks for services. Follow Tesla’s stock price in real time here. …read more […]
Netflix (NASDAQ: NFLX) has certainly had a tough time of it recently. After being one of the best performing internet stocks in the first half of the year, NFLX stock has crashed back to reality. Certainly some of the sell off was warranted given the disappointing subscriber growth and ongoing cash burn. …read more […]
The leading online marketplace in China will have the stage mostly to itself. Expect a performance that’s rousing on the top line but much tamer on the bottom line. …read more […]
American Airlines is cutting a route from Chicago to Shanghai, cancelling the second direct flight from the U.S. city to China in four months, the carrier said on Tuesday, citing higher fuel costs and a “competitive environment.”
Rumors are growing around updated versions of the Apple Watch, three new versions of the iPhone, and Macbook laptop updates. Yahoo Finance’s Alexis Christoforous joins Yahoo Finance’s technology editor Daniel Howley with more insight. …read more […]
Medtronic Plc posted a better-than-expected quarterly profit on Tuesday, helped by strong sales of its diabetes and heart devices, sending the medical device maker’s shares up as much as 4.9 percent to a record high. Dublin-based Medtronic’s performance was in line with other device makers such as Boston Scientific Corp and Baxter International Inc that have also reported stronger-than-expected quarterly results. The largest U.S. standalone device maker’s diabetes unit that makes insulin pumps and glucose monitoring systems posted a 27 percent rise in sales, largely due to strong adoption …read more […]
U.S. stock indexes rose on Tuesday, with the S&P closing in on its all-time high, helped by some encouraging earnings reports and optimism that planned trade talks between the United States and China would help resolve their trade spat.
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