Trading Ideas
Bipartisan Senate effort aims to override Trump’s deal to save ZTE
A bipartisan group of Senators has added language to the National Defense …read more […]
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Business News
Wall Street edges higher as focus shifts to Fed
(Reuters) – U.S. stocks posted small gains on Tuesday as investors focused on the Federal Reserve’s policy meeting, while looking past President Donald Trump’s historic summit with North Korean leader Kim Jong Un.
Trading Ideas
Acacia says ZTE business to remain suspended until ban lifted
The Chinese company reached a $1.4 billion settlement with the Commerce Department, made public on Monday, to resume business with U.S. suppliers. ZTE said on Tuesday its shares would resume trading on the Hong Kong stock exchange on June 13 following its settlement with the United States. Acacia said the settlement may ultimately allow it to resume ties with ZTE. …read more […]
Business News
U.S. SEC charges Bank of America subsidiary $15 million for RMBS trader lapses
WASHINGTON (Reuters) – The Securities and Exchange Commission on Tuesday said Bank of America subsidiary Merrill Lynch, Pierce, Fenner & Smith Inc. will pay $15 million to settle charges that staff misled clients into overpaying for Residential Mortgage Backed Securities (RMBS).
Business News
China’s ZTE to resume trading after $1.4 billion U.S. settlement
HONG KONG (Reuters) – ZTE Corp said trading in its shares would resume on Wednesday, ending a two-month suspension, after the Chinese telecommunications giant agreed to pay up to $1.4 billion in penalties to the U.S. government and radically overhaul its management.
Business News
VW board to discuss prosecutors’ probe into Audi CEO on Monday
HAMBURG/BERLIN (Reuters) – Volkswagen’s supervisory board will on Monday discuss German prosecutors’ investigation into the head of its Audi brand, as the carmaker weighs up how to tackle the latest fallout from its 2015 emissions scandal, sources said.
Business News
New York’s top court narrows Martin Act in $11 billion Credit Suisse case
NEW YORK (Reuters) – New York State’s highest court on Tuesday narrowed the reach of a powerful law used by the state’s attorney general to fight financial fraud, handing a partial victory to Credit Suisse Group AG in an $11 billion lawsuit over defective mortgage securities.
Business News
Bank of America executive sees consumer unit’s efficiency ratio flat to down
(Reuters) – Bank of America Corp’s co-head of consumer and business banking said on Tuesday he expects the consumer banking unit’s efficiency ratio to remain flat or improve further as it cuts more costs tied to moving physical checks and cash.
Trading Ideas
The Truth Behind iQIYI, Inc’s Multibagger Potential
China internet stocks are hot. The likes of Alibaba Holdings Ltd (NYSE:BABA), Tencent Holding/ADR (OTCMKTS:TCEHY), Baidu Inc (ADR) (NASDAQ:BIDU) and others have rallied well over 100% over the past several years. But, as noteworthy as these stocks may be, iQIYI, Inc (NASDAQ:IQ) is one freshly public Chinese internet stock that has staged a 100%-plus rally in a much shorter time frame, and it is arguably the most talked about Chinese internet stock today. …read more […]
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Coinbase is adding another cryptocurrency to its platform
Coinbase announced that it will be adding Ethereum Classic to its platform. Ethereum Classic is a digital currency that is the result of a hard fork in the ethereum blockchain. Coinbase is emphasizing transparency in the process following allegations that the company’s employees benefitted from insider trading when it added bitcoin cash to the platform late last year. …read more […]
Business News
Wall Street edges higher; Fed in focus
(Reuters) – Wall Street’s main indexes posted small gains on Tuesday as bank shares gained in anticipation of an interest rate hike by the Federal Reserve at its two-day policy meeting.
Trading Ideas
MARKETS: S&P 500 rally could pause until after the Fed announcement
Yahoo Finance’s Alexis Christoforous and Jared Blikre break down the latest market action.
Here’s the performance of the Dow Jones Industrial Average as of 10:15 am ET:
CAT Caterpillar Inc 0.66%
GE General Electric Co 0.61%
XOM Exxon Mobil 0.55%
CVX Chevron Corporation 0.53%
KO Coca-Cola Co 0.27%
JPM JPMorgan Chase & Co 0.27%
AAPL Apple Inc 0.27%
IBM Intl Business Machines Corp 0.27%
GS Goldman Sachs Grp 0.20%
DIS Disney (Walt) Co 0.19%
DWDP DowDuPont Inc 0.19%
V Visa Inc 0.16%
HD Home Depot Inc 0.16%
MCD McDonald’s Corp 0.10%
MSFT Microsoft Corp 0.10%
BA Boeing Co -0.06%
INTC Intel Corp -0.07%
TRV The Travelers Companies Inc -0.09%
VZ Verizon Communications -0.11%
UTX United Technologies -0.12%
PG Procter & Gamble Cc -0.19%
PFE Pfizer Inc -0.21%
CSCO Cisco Systems -0.23%
NKE Nike Inc Cl B -0.24%
MRK Merck & Co -0.25%
AXP American Express Co -0.35%
MMM 3M Co -0.33%
JNJ Johnson & Johnson -0.51%
WMT Wal-Mart Stores -0.85%
UNH UnitedHealth Grp Inc -1.11% …read more […]
Trading Ideas
10 Stocks That Are Screaming Buys Right Now
Buckle up — the market is looking jittery right now. If it’s not the threat of further Federal interest rate hikes, it’s the possibility of a full-blown trade war with China and Europe. Analysts are ranked based on two crucial factors: success rate and average return per recommendation. Following top analysts is an easy way to identify stocks that experts believe have strong investing potential. …read more […]
Business News
GM has no projects underway with Lyft, CEO Barra says
DETROIT (Reuters) – General Motors Co Chief Executive Officer Mary Barra said on Tuesday the No. 1 U.S. automaker currently has no projects underway with ride-sharing company Lyft, in which it has a 9 percent stake.
Business News
Wall Street opens higher as bank stocks rise
(Reuters) – U.S. stocks opened slightly higher on Tuesday, with bank stocks gaining as the Federal Reserve kicked off its two-day policy meeting, while a historic U.S.-North Korea summit failed to impress investors.