Trading Ideas
Nationwide Comcast outage is here to ruin your Friday
We hope you weren’t planning to start your pre-Independence Day weekend with a …read more […]
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Business News
U.S. SEC says Morgan Stanley to pay $3.5 million fine over misuse of funds
WASHINGTON (Reuters) – Morgan Stanley agreed to pay a $3.6 million fine after regulators found it failed to detect or prevent misappropriation of client funds, the U.S. Securities and Exchange Commission (SEC) said on Friday.
Business News
German court orders Volkswagen to pay MAN minorities 300 million euros
MUNICH (Reuters) – A German court has ordered auto maker Volkswagen AG’s truck unit to pay 300 million euros ($350 million) to shareholders in MAN SE , ending a long-running court battle over its buyout offer.
Business News
Canada hits back at U.S. over tariffs, says it won’t back down
OTTAWA (Reuters) – Canada struck back at the U.S. administration over its steel and aluminum tariffs on Friday, vowing to impose punitive measures on C$16.6 billion ($12.63 billion) worth of American goods until Washington backed down.
Business News
GM warns U.S. import tariffs could lead to ‘smaller’ company
(Reuters) – General Motors Co warned on Friday that expansive U.S. tariffs on imported vehicles being considered by the Trump administration could lead to a “a smaller GM” and risks isolating U.S. businesses from the global market.
Business News
Nike, banks power Wall Street to biggest gain in three weeks
(Reuters) – A surge in Nike’s shares and a rally in bank stocks on Friday set the Dow Jones Industrial Average and the S&P 500 on track for their best day in a little over three weeks.
Business News
U.S. bank shares rise on capital return plans after stress test
(Reuters) – Shares in the biggest U.S. banks rose on Friday after the Federal Reserve completed its annual stress test giving financial institutions the go-ahead for plans to return capital to investors through dividends and buybacks.
Business News
Canada strikes back at U.S. over tariffs, unveils aid package
OTTAWA (Reuters) – Canada struck back at U.S. steel and aluminum tariffs on Friday, vowing to impose punitive measures on C$16.6 billion ($12.63 billion) of American goods and unveiling a C$2 billion aid package for affected industries and workers.
Trading Ideas
Enbridge Inc. Finally Gets the Green Light to Finish Its Largest Expansion Project
The needle-moving project increases the probability that the Canadian energy infrastructure giant can achieve its dividend growth plan. …read more […]
Trading Ideas
U.S. tells ETP to restore land around Rover pipe in Ohio, Michigan
U.S. federal energy regulators have told Energy Transfer Partners LP to finish restoring the land around parts of its Rover natural gas pipeline in Ohio and Michigan before allowing the company to put more segments in service. FERC said it authorized ETP to put Rover’s Vector delivery meter station in Michigan, Defiance compressor station in Ohio and Market Segment between Ohio and Michigan into service on May 1 even though the company had not completed restoration of the grounds around those facilities. …read more […]
Business News
Nike shares hit record as investors cheer North America rebound
(Reuters) – Nike Inc’s shares jumped 12 percent to their all-time high on Friday after the world’s largest shoe maker saw a major sales rebound in its North America business and forecast strong growth for 2019.
Business News
German data, not politics key for trade war watchers
DUBLIN (Reuters) – While German politics may dominate the headlines again in the coming week, the less attention grabbing release of industrial data could offer a better indication of the headwinds facing the European Union and its largest economy.
Trading Ideas
Ford fires back at Elon Musk after factory comments
Mark Truby, Ford’s vice president of communications, responded to Tesla CEO Elon Musk on Thursday after Musk compared a Ford factory to a morgue. …read more […]
Business News
Nike, financials push Wall Street higher
(Reuters) – U.S. stocks further extended gains on Friday, as Nike shares hit an all-time high after the world’s largest shoe maker posted a strong earnings report and as banking stocks surged on clearing the Federal Reserve’s stress test.
Business News
Lawsuit targets ‘hidden fees’ in Wells Fargo finance programs
NEW YORK (Reuters) – Wells Fargo & Co has been hit with a lawsuit by a Texas jewelry company accusing it of encouraging thousands of retailers nationwide to charge hidden fees to customers using financing programs created by the bank.