Trading Ideas
Drug Stocks: The Next Hot Industry or Value Traps?
These 5 stocks look dirt cheap but is it too good to be true? …read more […]
Articles by admin
Trading Ideas
Apple confirms that it will seal up law enforcement's favorite iPhone cracking method
A new version of iOS will block a controversial loophole that law enforcement …read more […]
Business News
Trump to meet with top trade advisers on activation of China tariffs: source
WASHINGTON (Reuters) – U.S. President Donald Trump will meet with his top trade advisers on Thursday to decide whether to activate threatened tariffs on billions of dollars in Chinese goods, a senior Trump administration official said on Wednesday.
Trading Ideas
Wall Street falls as Fed signals two more hikes this year
Stocks were volatile after the statement but ended near the lows of the session, and selling was broad-based, with most S&P sector indexes ending lower. “The expectation now is for four rate increases in total in 2018. Fresh projections from policymakers suggested that inflation would run above the Fed’s 2 percent target, hitting 2.1 percent this year and remaining there through 2020. …read more […]
Trading Ideas
Wall Street falls as Fed signals two more hikes this year
“The expectation now is for four rate increases in total in 2018. Fresh projections from policymakers suggested that inflation would run above the Fed’s 2 percent target, hitting 2.1 percent this year and remaining there through 2020. The Dow Jones Industrial Average fell 119.53 points, or 0.47 percent, to 25,201.2, the S&P 500 lost 11.22 points, or 0.40 percent, to 2,775.63 and the Nasdaq Composite dropped 8.10 points, or 0.11 percent, to 7,695.70. …read more […]
Trading Ideas
Wall Street falls as Fed signals two more hikes this year
“The expectation now is for four rate increases in total in 2018. Fresh projections from policymakers suggested that inflation would run above the Fed’s 2 percent target, hitting 2.1 percent this year and remaining there through 2020. The Dow Jones Industrial Average fell 119.53 points, or 0.47 percent, to 25,201.2, the S&P 500 lost 11.22 points, or 0.40 percent, to 2,775.63 and the Nasdaq Composite dropped 8.10 points, or 0.11 percent, to 7,695.70. …read more […]
Business News
Comcast offers $65 billion to lure Fox from Disney bid
(Reuters) – Comcast Corp offered $65 billion on Wednesday to lure Twenty-First Century Fox Inc away from a merger with Walt Disney Co , saying its all-cash bid was about 19 percent higher and launching the first salvo in what could be a bidding war between two of the largest U.S. media companies.
Business News
Exclusive: Venezuela eyes first-ever refining of foreign oil – documents
HOUSTON (Reuters) – Venezuela is considering refining foreign crude for the first time to produce fuels, according to internal documents seen by Reuters, the latest sign of the country’s strain to meet its obligations despite having the world’s largest crude reserves.
Business News
Wall Street falls as Fed signals two more hikes this year
(Reuters) – U.S. stocks ended a choppy session lower on Wednesday after the U.S. Federal Reserve raised interest rates as expected and projected a slightly faster pace of rate hikes this year.
Trading Ideas
Comcast bids $65B for Fox assets, setting the stage for a fight with Disney
Comcast made good on its plans to make an offer for 21st Century Fox’s film …read more […]
Business News
Apple to undercut popular law-enforcement tool for cracking iPhones
SAN FRANCISCO (Reuters) – Apple Inc said on Wednesday it will change its iPhone settings to undercut the most popular means for law enforcement to break into the devices.
Business News
Elon Musk buys 72,500 of Tesla shares
(Reuters) – Tesla Inc Chief Executive Officer Elon Musk bought 72,500 shares of the company’s common stock, a regulatory filing http://bit.ly/2t4K2sY showed on Wednesday.
Business News
Brazil watchdog fines Morgan Stanley, Royal Bank of Canada for forex manipulation
BRASILIA (Reuters) – Brazil’s antitrust watchdog on Wednesday fined Morgan Stanley and Royal Bank of Canada a total of 42.9 million reais ($11.6 million) for meddling with foreign exchange rates charged to clients.
Business News
Comcast offers to buy Fox media assets for $65 billion in cash
(Reuters) – Comcast Corp offered $65 billion on Wednesday for Twenty-First Century Fox Inc media assets, emboldened by AT&T Inc prevailing over the Trump administration’s attempt to block a merger with Time Warner Inc .
Business News
Exclusive: Venezuela eyes first-ever use of foreign oil for contracts – documents
HOUSTON (Reuters) – Venezuela is considering refining foreign crude for the first time to produce fuels like gasoline or diesel, according to internal planning documents seen by Reuters on Wednesday, in the latest sign of the country’s strain to meet obligations to customers despite having the world’s largest crude reserves.