Trading Ideas
GE CEO: This is the end of the blue chip's overhaul — 'We are finished'
GE CEO: This is the end of the blue chip’s overhaul — ‘We are finished’|| 105294811 …read more […]
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Trading Ideas
Trump Takes Aim at Harley-Davidson in Tax Threat
Jun.26 — President Donald Trump turned his attention to Harley-Davidson’s decision to move some production overseas to avoid European Union tariffs while his administration offers conflicting messages on trade plans. Bloomberg’s Kevin Cirilli reports on “Bloomberg Markets: The Open.” …read more […]
Business News
Ad infinitum? Mad Men seek new pitch for digital age
CANNES, France (Reuters) – Paid to have their finger on the consumer’s pulse, the Mad Men of advertising are under mounting pressure from clients to adapt to a fast-changing digital age where simply shifting marketing dollars online from old media no longer cuts it as a strategy.
Trading Ideas
Insulin Pump Maker’s 900% Stock Surge Has More Room to Run
Tandem Diabetes Care Inc. bulls still see upside for the insulin pump maker, even after shares increased ten-fold so far this year. Sell-side analysts rushed to boost their price targets for one of the Russell 2000 Index’s best performers in the wake of last week’s Food and Drug Administration approval of a technology for the company’s insulin pump. Piper Jaffray analyst JP McKim called the approval a “game changer” that will help attract patients and give them reason to upgrade to newer pumps. …read more […]
Business News
U.S. seeks to export its ‘energy miracle’ even as trade tensions mount
WASHINGTON (Reuters) – The administration of President Donald Trump wants to help allies and trade partners replicate the U.S. natural gas and oil production boom by exporting American know-how, U.S. Energy Secretary Rick Perry said on Tuesday, even as trade disputes intensified.
Trading Ideas
MARKETS: Walmart boots GE from the Dow, GE to shed health care business
Yahoo Finance’s Alexis Christoforous and Jared Blikre break down the latest market action after Walmart officially replaces General Electric in the Dow Jones Industrial Index.
Here’s the performance of the Dow Jones Industrial Average components (plus GE) as of 10:30 am ET:
GE General Electric Co 6.67%
V Visa Inc 1.96%
CSCO Cisco Systems 1.49%
AAPL Apple Inc 1.32%
MSFT Microsoft Corp 1.19%
BA Boeing Co 0.73%
MCD McDonald’s Corp 0.64%
XOM Exxon Mobil 0.54%
NKE Nike Inc Cl B 0.53%
MMM 3M Co 0.45%
PFE Pfizer Inc 0.47%
DWDP DowDuPont Inc 0.39%
UTX United Technologies 0.37%
HD Home Depot Inc 0.32%
AXP American Express Co 0.30%
$INDU Dow Jones Industrial Average 0.23%
CVX Chevron Corporation 0.15%
UNH UnitedHealth Grp Inc 0.12%
DIS Disney (Walt) Co 0.06%
GS Goldman Sachs Grp -0.05%
KO Coca-Cola Co 0.00%
PG Procter & Gamble Cc -0.08%
VZ Verizon Communications -0.09%
IBM Intl Business Machines Corp -0.11%
CAT Caterpillar Inc -0.46%
MRK Merck & Co -0.41%
JNJ Johnson & Johnson -0.43%
TRV The Travelers Companies Inc -0.50%
WMT Wal-Mart Stores -0.52%
JPM JPMorgan Chase & Co -0.75%
INTC Intel Corp -1.42% …read more […]
Business News
Wall Street rebounds slightly with help from GE, tech stocks
(Reuters) – U.S. stocks rose on Tuesday, with gains for General Electric and technology stocks helping Wall Street recoup some losses from a day earlier on escalating global trade tensions.
Business News
SEC accuses three of insider trading in Sherwin-Williams/Valspar deal
NEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Tuesday charged three people with insider trading ahead of Sherwin-Williams Co’s March 2016 announcement that it had agreed to buy Valspar Corp.
Trading Ideas
Ex-Defense Official ‘Alarmed’ About Google Retreat From AI Plan
A former top U.S. Defense Department official said Tuesday he was “alarmed” by a recent decision by Alphabet Inc.’s Google to withdraw from work on a department initiative applying artificial intelligence tools to analyzing drone footage. More than 4,000 Google employees signed a petition calling for the cancellation of the Project Maven contract, citing Google’s history of avoiding military work and worries about autonomous weapons. “They say, look this data could potentially, down the line, at some point, cause harm to human life,” said Work, who served under President Barack Obama, at a Washington event on tech in …read more […]
Trading Ideas
General Electric surges after announcing another spinoff as it leaves the Dow (GE)
The moves come as new CEO John Flannery approaches his anniversary at the company’s helm, where he has set out sweeping cost-cutting and debt-reduction goals. General Electric has found a way to tell investors some good news as it leaves one of the most famous stock indexes in the world. Shares of the once-sprawling industrial behemoth surged as much as 7% Tuesday after it said it would sell off its majority stake in oil services company Baker Hughes over the next two to three years. …read more […]
Business News
Trump revs up attacks on Harley-Davidson over production move
WASHINGTON (Reuters) – U.S. President Donald Trump on Tuesday threatened motorcycle maker Harley-Davidson Inc with higher taxes and said their business would suffer in a public backlash over its decision to move production for European customers overseas.
Business News
Wall Street opens higher helped by tech stocks
(Reuters) – U.S. stocks opened higher on Tuesday, with tech stocks leading a turnaround, a day after the S&P 500 posted its steepest one-day loss since early April on fears of a spiraling trade dispute between the United States and other major economies.
Business News
U.S. June auto sales seen up 2.5 percent: J.D. Power and LMC
DETROIT (Reuters) – U.S. auto sales in June likely rose 2.5 percent from the same month in 2017 as consumers continued to prefer expensive pickup trucks, SUVs and crossovers over passenger cars although discounts on new vehicles remain high, industry consultants J.D. Power and LMC Automotive said on Tuesday.
Business News
Blackstone launches $5.5 billion F&R bridge loan
LONDON (LPC) – Blackstone has launched a $5.5 billion bridge loan to support the pending bond issuance for its acquisition of a majority stake in Thomson Reuters’ Financial and Risk division (F&R), which is expected to complete later this year.
Business News
Trump says finishing U.S. study on tariffs on cars from EU
WASHINGTON (Reuters) – U.S. President Donald Trump said on Tuesday the government was completing a study about increasing import tariffs on cars from the European Union and suggested he would take action soon.