Trading Ideas
Why Redfin Corporation Stock Tumbled Today
Its shares fell after the real estate specialist issued a disappointing outlook in its second-quarter report. …read more […]
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Business News
Heineken considers closing Brazilian factories due to court dispute
Heineken NV , the world’s second-largest beer maker, is considering closing two factories in northeastern Brazil as “an extreme measure” after a court ordered the company to sell beer and soft drinks in the region at a money-losing price, the company said on Friday in a statement.
Trading Ideas
Wall Street Is Warming Up to Advanced Micro Devices, Inc. (AMD) Stock
Analysts say Advanced Micro Devices, Inc. (Nasdaq: AMD) is well-positioned to take market share away from data center and PC processor market leader Intel Corporation ( INTC), now that Intel delayed the launch of its 10 nanometer processors until 2019. On Friday, Goldman Sachs simultaneously downgraded INTC and upgraded AMD stock and said AMD market share gains may not just be temporary. According to analyst Toshiya Hari, AMD has a golden opportunity to win over business from Intel customers. …read more […]
Business News
Turkey trouble rattles Wall St., banks worst hit
U.S stocks slid on Friday, with banks taking the biggest hit, as concerns over Turkey’s economy and its deepening rift with the United States roiled stock markets around the world.
Business News
Tesla short-sellers back in force as shares remain shaky
The number of Tesla Inc shares sold short has rebounded and are now higher than before CEO Elon Musk proposed on Tuesday taking the electric car maker private, according to data from financial technology and analytics firm S3 Partners.
Business News
Packager SIG Combibloc on track to announce listing in September: sources
SIG Combibloc is on track to announce in September its intention to float on the stock market in Zurich, three sources familiar with the matter said, in a listing that could value the Swiss packaging maker at close to 5 billion euros ($5.7 billion).
Trading Ideas
3 Reasons Cisco Systems Stock Can Surge to $50
Like many tech stocks, Cisco Systems (NASDAQ:CSCO) has declined in recent days. Now that the shares are roughly 7.5% off the highs reached in May, is it time to pull the trigger and buy Cisco? For those interested in the name, here are three catalysts that can push Cisco higher. …read more […]
Business News
Turkey turmoil rocks world stock markets, euro falls
A plunge in the Turkish lira rocked global equities and emerging markets on Friday and fear of more turmoil sent investors scurrying for safety in assets like the yen and U.S. government bonds.
Business News
Saudi Aramco appoints al-Dabbagh as senior VP of finance
Saudi Aramco appointed Khalid al-Dabbagh as senior vice president of finance, strategy and development, effective Sept. 1, the company said in a statement on its website on Friday.
Trading Ideas
Turkey turmoil sends ripples across world stock markets, euro falls
A plunge in the Turkish lira rocked global equities and emerging markets on Friday and fears of more turmoil sent investors scurrying for safety in assets like the yen and U.S. government bonds. The lira fell as much as 14 percent against the dollar, chalking up its worst day since Turkey’s financial crisis of 2001. Bank shares across the continent fell and the euro slipped to its lowest since July 2017 as the Financial Times quoted sources as saying the European Central Bank was concerned about European lenders’ exposure to Turkey. …read more […]
Trading Ideas
Euro zone banks hammered for Turkish exposure
Investors dumped euro zone bank shares on Friday on concerns about their exposure to Turkey as the lira fell to yet another record low with a defiant government showing few signs it is ready to take decisive steps to stabilise the currency. A widening rift with the United States, its main NATO ally, and President Tayyip Erdogan’s grip on monetary policy under a new powerful executive presidency have helped to drive the lira down by more than 40 percent this year, a particular vulnerability for Turkish banks as over a third of their lending is in foreign currencies. …read more […]
Business News
Federal Reserve fines Citigroup $8.6 million for faulty mortgage document practices
The Federal Reserve said Friday it had fined Citigroup $8.6 million over shoddy mortgage documentation practices at a subsidiary.
Business News
U.S. inflation pressures rise in July; Fed on track to lift rates
U.S. consumer prices rose in July and the underlying trend continued to strengthen, pointing to a steady increase in inflation pressures that keeps the Federal Reserve on track to gradually raise interest rates.
Trading Ideas
Tesla board says Musk not sharing details on go-private deal: Rpt.
Tesla’s board is reportedly talking about Elon Musk’s proposal to go private, but say they haven’t gotten any details on the deal. Yahoo Finance’s Alexis Christoforous and Rick Newman have more. …read more […]
Trading Ideas
Turkey turmoil spills over to Wall Street, shaves 200 points off Dow
President Donald Trump doubled tariffs on aluminum and steel imports from Turkey, deepening the currency’s losses and raising concerns that the crisis could weigh on other economies. “Problems in emerging markets are more important than ever because of the global growth engine that emerging markets have become,” Peter Cecchini, chief market strategist at Cantor Fitzgerald in New York, wrote in a note. Anytime there’s a sniff of contagion they will be weak,” said Michael Antonelli, managing director, institutional sales trading at Robert W. Baird in Milwaukee. …read more […]