Business News
Oracle’s quarterly results beat estimates
(Reuters) – Business software maker Oracle Corp reported a better-than-expected quarterly profit and revenue on Tuesday as more customers move toward its high-margin cloud business.
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Business News
ZTE and U.S. still working on escrow agreement: U.S. official
(Reuters) – ZTE Corp and the U.S. government are still working on an escrow agreement that must be completed and funded with $400 million before a ban on the Chinese company can be lifted, a U.S. official told Reuters on Tuesday.
Business News
BofA’s Merrill admits misleading customers, to pay $42 million SEC fine
WASHINGTON/NEW YORK (Reuters) – Bank of America Corp’s Merrill Lynch unit admitted to misleading brokerage customers about which firms processed their trades and agreed to pay a $42 million fine under a settlement with the U.S. Securities and Exchange Commission announced on Tuesday.
Business News
New head of FDIC plans to review financial health rating system
WASHINGTON (Reuters) – The newly appointed head of the Federal Deposit Insurance Corporation (FDIC) said on Tuesday said she plans to review the decades-old system for measuring lenders’ financial health, which banks say is outdated.
Business News
Wall Street falls, Dow gives up 2018 gains on trade war fears
NEW YORK (Reuters) – U.S. stocks fell on Tuesday as a sharp escalation in the trade dispute between the United States and China rattled the markets, though the three major indexes pared losses from earlier in the session.
Business News
Ford to redevelop symbol of Detroit decline to house tech workers
DETROIT (Reuters) – Ford Motor Co executives on Tuesday said the automaker will renovate and revamp Michigan Central Station, Detroit’s infamous blighted landmark, turning it into offices for up to 5,000 tech workers and software engineers focused on self-driving vehicles and ancillary technologies and services.
Trading Ideas
Kinder Morgan Inc Stock: Next Stop, $20?
This analyst seems to think so. …read more […]
Trading Ideas
Lawyer: Police think slaying of XXXTentacion was random
The lawyer for slain rapper XXXTentacion said Tuesday that detectives believe he was fatally shot in a random robbery while likely planning to buy a motorcycle at an upscale shop near a low-income neighborhood in South Florida. Attorney David Bogenschutz said investigators also told him the 20-year-old rapper, who pronounced his stage name “Ex Ex Ex ten-ta-see-YAWN,” had visited a bank shortly before the shooting and possibly withdrew cash for the purchase. XXXTentacion, whose real name was Jahseh Dwayne Onfroy, was exiting the shop’s parking lot in his luxury BMW electric car when he was shot. …read more […]
Business News
Trump threatens almost all imports from China as Beijing fires back
WASHINGTON/BEIJING (Reuters) – China has underestimated President Donald Trump’s resolve to move forward with tariffs unless Beijing changes its “predatory” trade practices, a top U.S. trade advisor said on Tuesday, in comments that diminished the chances of a negotiated settlement to a looming trade war between the world’s economic superpowers.
Trading Ideas
Better Buy: NVIDIA Corporation vs. Cypress Semiconductor
Should you buy the industry favorite or the overlooked niche player? …read more […]
Business News
Merrill Lynch to pay $42 million for misleading customers: SEC
WASHINGTON (Reuters) – Bank of America Corp subsidiary Merrill Lynch will pay a $42 million penalty for lying to customers about how it handled their orders, the top U.S. securities regulator said on Tuesday.
Business News
FedEx shares hit by U.S.-China trade tensions ahead of earnings
NEW YORK (Reuters) – FedEx Corp shares suffered their worst sell-off in two months ahead of the package delivery company’s quarterly results on Tuesday, as the latest U.S.-China trade tensions stoked fears that swept through the industrial sector.
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Better Buy: Ambarella, Inc. vs. Advanced Micro Devices
Is AMD still a better pick after its year-long rally? …read more […]
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Why I Like Exelixis Inc (NASDAQ:EXEL)
As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I look at stocks holistically, from their financial health toRead More… …read more […]
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Facebook expands offerings for video creators to cash in on views
SAN FRANCISCO (Reuters) – Facebook Inc launched a matchmaking system Tuesday to cultivate partnerships between advertisers and video creators as the world’s largest social media company tries to quickly parallel the variety of commercial opportunities offered by its video rival YouTube.