Business News
Wall Street’s ‘Sell in May’ could be fading away
NEW YORK (Reuters) – “Sell in May and go away,” arguably the most well-worn axiom on Wall Street, has proven to be shrewd advice during previous midterm election years.
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Boeing’s Sci-Fi Foldable Wing Design for New 777s Gets Go-Ahead
U.S. regulators have approved a Buck Rogers makeover of Boeing Co.’s revamped 777 jetliner that will allow the tips of its massive wings to fold upward after landing so the plane can park at existing airport gates. The new wings, the largest ever created by the Chicago-based planemaker, are taking shape as Boeing builds the first of its 777X jetliners in a factory north of Seattle. …read more […]
Business News
Trump urged Postal Service to double package rates for Amazon: Washington Post
WASHINGTON (Reuters) – President Donald Trump has personally pushed the postmaster general to double the rates the U.S. Postal Service charges Amazon.com and other companies to ship packages, the Washington Post reported on Friday, citing three unnamed sources.
Business News
Exclusive: En+ set to ask U.S. for more time for Deripaska stake sale: source
LONDON (Reuters) – Russia’s En+ Group, which manages Oleg Deripaska’s aluminum and hydropower businesses, is likely to ask the U.S. Treasury for more time to reduce Deripaska’s stake, a source close to the company said.
Business News
Fiat Chrysler shares fall on latest diesel emissions allegations
WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV shares fell more than 3 percent in New York trading on Friday amid investor concern about allegations mounted in court filings over alleged excess diesel emissions.
Business News
Wall Street edges lower as bank, chip stocks weigh
(Reuters) – Wall Street edged lower on Friday, weighed down by bank and chip shares as well as a handful of tepid earnings reports, although losses were capped by gains in industrial stocks on signs of progress in Sino-U.S. trade talks.
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High School student in custody for deadly shooting at San…
CNBC’s Sue Herera reports on the latest developments in the deadly Santa Fe High School shooting in Texas where it is believed 8-10 people were killed. …read more […]
Business News
U.S. gun lobby takes aim at ‘gun-hating’ banks Citi, BofA
WASHINGTON (Reuters) – The U.S. gun lobby is taking aim at “gun-hating” banks after Citigroup Inc and Bank of America said they would no longer provide certain banking services to gun-makers, according to industry lobbyists.
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Texas high school shooting: Sheriff says shooter believed…
CNBC’s Sue Herera reports the latest on the fatal school shooting in Sante Fe, Texas. …read more […]
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The Latest: Sheriff: Up to 10 fatalities in school shooting
The local sheriff says as many as 10 people may have been killed during a shooting at a high school near Houston, most of them students. Harris County Sherriff Ed Gonzalez Harris County said there “could be 8 to 10 fatalities” from the shooting Friday morning at Santa Fe High School, about 30 miles (48 kilometers) southeast of Houston. Gonzalez says the majority of the dead are students. …read more […]
Business News
Beijing official says Qualcomm-NXP deal looking more optimistic: WSJ
(Reuters) – Qualcomm Inc’s $44 billion deal to buy Dutch chipmaker NXP Semiconductors NV is looking “more optimistic now”, the Wall Street Journal quoted a Beijing official as saying.
Business News
BMW expands UK vehicle recall to 390,000 cars
LONDON (Reuters) – BMW is expanding a recall of vehicles in Britain, which it launched last week, by 88,000 cars to a total of 390,000, in the wake of a BBC investigation which found that some vehicles could cut out completely while being driven.
Business News
Tech, financials weigh on S&P, industrials prop up Dow
(Reuters) – Wall Street slipped on Friday, weighed down by financials and as Alphabet and Applied Materials led technology stocks lower, although losses were limited as industrial shares gained on signs of progress in Sino-U.S. trade talks.
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This ONE Fact Should Change the Way You Invest
The stock market is shrinking…
And that fact should change how you invest.
According to Wilshire Associates, which compiles benchmarks for U.S. stock markets, the number of public companies peaked at around 7,500 in 1997.
Last year, that number dropped to about 3,600.
In fact, since 1970, the number of public companies has dropped 52% while the S&P 500 has increased 3,628% (including dividends).
Despite the decrease in the number of publically traded companies, the stock market has moved in one direction… up.
This indicates that fewer and fewer companies are driving the big indexes. And those that do are established names like Amazon, Apple, Exxon …read more […]
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Putin says Russian gas shipments via Ukraine may continue
SOCHI, Russia (AP) — Russia’s President Vladimir Putin said Friday that gas supplies to Europe via Ukraine may continue even after the launch of a new prospective Germany-bound pipeline under the Baltic Sea. …read more […]