Trading Ideas
Why Iqiyi, Inc. Stock Slumped Today
The Chinese online video vendor’s shares took a 13% haircut today for no real reason. That’s life in the fast lane. …read more […]
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Business News
Wall Street tumbles on renewed U.S.-China trade jitters
NEW YORK (Reuters) – U.S. stocks fell on Wednesday on renewed uncertainty regarding the U.S. stance on Chinese investments in American technology companies, reversing gains earlier in the session.
Trading Ideas
Rite Aid: Fiscal 1Q Earnings Snapshot
On a per-share basis, the Camp Hill, Pennsylvania-based company said it had profit of 20 cents. Losses, adjusted to account for discontinued operations, came to 1 cent per share. The drugstore chain posted … …read more […]
Business News
Equifax agrees to toughen cyber-defenses in agreement with states
WASHINGTON (Reuters) – Equifax Inc agreed on Wednesday to do more to protect consumer data in a deal with banking regulators from seven states who investigated its security practices following a cyber attack last year that exposed data on more than 143 million people. Equifax agreed to review its defenses against hackers and to give its board of directors more responsibility for protecting consumers.
Business News
Wall Street ends down on renewed trade jitters
NEW YORK (Reuters) – U.S. stocks ended lower on Wednesday, reversing earlier gains on renewed uncertainty regarding the U.S. stance on Chinese investments in American technology companies.
Trading Ideas
IBM's Dividend Yield Hits Two-Decade High
The tech stock now yields an astonishing 4.5%. …read more […]
Trading Ideas
Forget Intel, Skyworks Solutions Is a Better Growth Stock
Don’t let Intel stock’s run fool you. …read more […]
Business News
Wall Street tumbles on renewed trade uncertainty
(Reuters) – U.S. stocks reversed course on Wednesday, falling on renewed uncertainty regarding the U.S. stance on Chinese investments in American technology companies.
Business News
U.S. gives Disney approval to buy Fox amid bidding war with Comcast
WASHINGTON (Reuters) – Walt Disney Co won U.S. approval to buy Twenty-First Century Fox Inc entertainment assets for $71.3 billion on condition it sell Fox’s 22 regional sports networks, the Justice Department said on Wednesday, giving Disney an edge over Comcast Corp’s competing bid.
Trading Ideas
Elon Musk says naysayers are in for a 'rude awakening' about Model 3 production numbers (TSLA)
Hannibal Hanschke / Reuters …read more […]
Business News
Apple, Samsung settle U.S. patent dispute
(Reuters) – Apple Inc and Samsung Electronics Co Ltd on Wednesday settled a years long patent dispute, according to a filing the U.S. District Court for the Northern District of California. The terms of the settlement were not disclosed in the court filing.
Trading Ideas
Full text of Justice Kennedy’s letter to President Trump
Below is the text of the letter Justice Anthony Kennedy sent to President Donald Trump announcing his retirement from the U.S. Supreme Court. This letter is a respectful and formal notification of my decision, effective July 31 of this year, to end my regular active status as an Associate Justice of the Supreme Court, while continuing to serve in a senior status, as provided in 28 U.S.C 371 (b). Please permit me by this letter to express my profound gratitude for having had the privilege to seek in each case how best to know, interpret, and defend the …read more […]
Trading Ideas
Is Kinder Morgan Inc. at the Start of Something Good?
One analyst believes that the sale of the Trans Mountain Pipeline is a sign of more good things to come. …read more […]
Business News
Boeing’s engine proposal deadline looms for new mid-market jet: report
SEATTLE (Reuters) – Three of the largest engine makers face a Wednesday deadline to provide Boeing Co with formal proposals for how they would power the planemaker’s possible new mid-market jet, an aviation magazine reported.
Business News
Wall Street rally fizzles as tech stocks drag
(Reuters) – A mini rally in U.S. stocks, sparked by a U.S. move to ease its stance on curbing Chinese investments in American technologies, ran out of steam in afternoon trading on Wednesday, but a jump in oil prices helped prop markets.