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Wall Street rallies and Apple reaches record high
(Reuters) – Wall Street jumped on Thursday, and Apple hit a record high, as tepid inflation data eased worries of faster interest rate hikes this year.
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Business News
Embraer breakup complications are delaying its deal with Boeing: sources
SAO PAULO (Reuters) – The tricky work of divvying up the three business segments of Brazilian planemaker Embraer SA has been delaying an agreement to combine operations with Boeing Co , three people with knowledge of the matter said this week.
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Ford Motor Company (F) Defends Sedan Cuts at Shareholder Meeting
Shareholders questioned Ford Motor Company (NYSE: F) executives at the company’s annual meeting on Thursday, wanting to know why the company announced it will cut its North American sedan lineup by 80 percent. Management defended the decision, and analysts say it was the right move for Ford’s bottom line. In April, Ford announced that over the next few years, the company will be cutting its North American car lineup down to just two models — the Mustang and the Focus Active crossover. …read more […]
Business News
Bank of America affirms gun pledge, hints at Remington loan exit
WILMINGTON, Del. (Reuters) – Bank of America said on Thursday it was standing by its pledge to stop financing civilian assault weapons and suggested it may be preparing to exit a loan for gun maker Remington Outdoor Corp that sparked criticism of the lender.
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Tax cut helping turn U.S. small caps into unlikely source of safety
NEW YORK (Reuters) – The Republican-led corporate tax cut is helping turn the shares of smaller publicly-traded companies in the United States into an unexpected source of stability as the broader stock market wobbles.
Business News
Wall Street rallies on tepid inflation data
(Reuters) – U.S. stocks rose sharply on Thursday, with the benchmark S&P 500 topping a key technical level for the second straight day, after tepid inflation data eased worries of faster interest rate hikes this year.
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Democrats have a weak answer to the Trump tax cuts
Democrats are struggling to come up with an economic plan challenging the Trump tax cuts. …read more […]
Business News
Wells Fargo trims expected hit from regulatory cap on assets
BOSTON (Reuters) – Wells Fargo & Co on Thursday said a cap on the bank’s growth imposed by regulators after sales practices scandals would hurt earnings less than it thought this year, and forecast 2019 expenses below Wall Street expectations.
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Tech Titans Nearing Record-Breaking Level Hang on Nvidia
The NYSE FANG index of firms from Apple Inc. to Netflix Inc. has rallied for 10 out of 11 trading sessions to reach 2,753, less than 1 percent away from a record 2,770 reached in mid-March. Whether that record gets broken sooner than later may hinge on Nvidia Corp., which reports after the close. Santa Clara-based Nvidia is expected to forecast fiscal second quarter revenue of $2.95 billion, up 32 percent from the same time a year ago, according to an average of analyst estimates compiled by Bloomberg. …read more […]
Business News
Oil slips on profit-taking from Iran-based rally
NEW YORK (Reuters) – Crude prices slipped on Thursday, giving up early gains as investors took profit on a rally triggered by potential disruption to oil flows from major exporter Iran in the face of U.S. sanctions.
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Chinese consumers don't idealize American products the way they used to — and that's bad news for Apple and Tesla
Younger Chinese consumers don’t appear to see products from Europe and the US to be superior to domestic brands the way that their parents did. The shift in perception has led to increased dominance of the Chinese smartphone market by domestic companies, rather than Apple. William Li, founder of electric car startup Nio, believes the same trend will play out between his company and Tesla in the Chinese automobile market. …read more […]
Business News
Wall Street climbs as CPI data cools rate hike fears
(Reuters) – The Dow Jones Industrial Average was on track for sixth day of gains and the S&P 500 edged past a key technical level after tepid inflation data cooled worries of faster interest rate hikes.
Business News
Dollar, yields slide on soft U.S. inflation
NEW YORK (Reuters) – The U.S. dollar slid and U.S. government debt yields fell on Thursday as a modest rise in consumer prices in April damped expectations that faster inflation could lead the Federal Reserve to boost interest rates more than expected in 2018.
Business News
Goldman Sachs, Apple to launch joint credit card: WSJ
(Reuters) – Goldman Sachs and Apple Inc are preparing to launch a joint credit card as early as next year, the Wall Street Journal reported https://www.wsj.com/articles/goldman-sachs-apple-team-up-on-new-credit-card-1525965387 on Thursday.
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The Most Important Secret to Becoming a Successful Investor
“… People will make mistakes. Some will alter their system or jump from system to system as each one has a losing period. Others will be unable to resist second-guessing the trading signals. Whenever I go to a money management conference and sit down with a group to have some drinks at night, I always hear the same story. ‘My system worked great, but I just didn’t take the gold trade, and that would have been my biggest winner.'”
– Larry Hite, hedge fund manager
For many years, I taught a two-hour intensive workshop titled “How to Manage Your Money Like …read more […]