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US STOCKS-Wall Street advances on renewed trade deal optimism

Tech stocks led Wall Street into the black on Wednesday, capping a three-day losing streak as a report that China was open to a partial deal heartened investors ahead of high-level trade negotiations. All three major U.S. stock averages were higher, with Microsoft and Apple Inc providing the biggest lift to the benchmark S&P 500. …read more […]

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UPDATE 1-Southwest finds cracks on two Boeing 737 NG airplanes during inspections

Southwest Airlines Co said Wednesday it found cracks on two Boeing 737 NG airplanes and removed them from service after U.S. regulators last week ordered urgent inspections. The U.S. Federal Aviation Administration last week told aircraft operators to inspect 165 Boeing 737 NG airliners for structural cracks within seven days after the issue was found on a small number of planes. Southwest, which did not find any issues in the “vast majority” of the planes, said it “removed the two aircraft from our operation and reported the findings to Boeing and the FAA. …read more […]

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Top Trending: JNJ told to pay $8b to man over breast growth

Drug Giant Johnson & Johnson has been ordered to pay $8 billion in damages to a man who grew breast tissue after taking anti-psychotic drugs as a child. A new book by journalist Ronan Farrow is shedding new light on allegations against former Today Show anchor Matt Lauer. Yahoo Finance’s Jen Rogers breaks down the latest news stories on On the Move. …read more […]

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Southwest finds cracks on two Boeing 737 NG airplanes during inspections

Southwest Airlines Co said Wednesday it found cracks on two Boeing 737 NG airplanes and removed them from service after U.S. regulators last week ordered urgent inspections. The U.S. Federal Aviation Administration last week told aircraft operators to inspect 165 Boeing 737 NG airliners for structural cracks within seven days after the issue was found on a small number of planes. Southwest, which did not find any issues in the “vast majority” of the planes, said it “removed the two aircraft from our operation and reported the findings to Boeing and the FAA. …read more […]

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Iamgold Sale Stalls as Chinese Bidders’ Talks Fail

(Bloomberg) — The sale of Iamgold Corp. has stalled after the mid-tier Canadian gold miner failed to reach an agreement with several Chinese suitors, people with knowledge of the matter said.Chinese gold producers including China National Gold Group Corp., Shandong Gold Mining Co. and Zijin Mining Group Co. had all shown interest in Iamgold, said the people, who asked not to be identified as the information is private. But discussions stumbled over price as well as concerns related to ongoing Sino-Canada political tensions, the people said.Though talks have stalled, it’s still possible a suitor may re-enter with a better offer, …read more […]

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Surprising Departure of HEXO’s New CFO Could Indicate Weak Financial Unit

As if there weren’t already enough challenges negative catalysts for HEXO (HEXO) to overcome, the recent resignation of its new CFO has generated questions on the health of its financial division.According to former CFO Mike Monahan, the reason for leaving the company was in order to spend more time with his family. Yet, having been at the company for only about four months, it appears there was likely more to the issue because Monahan wouldn’t have taken the job in the first place if family time was a top priority.That suggests something lacking in the company required more of his …read more […]

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Were Hedge Funds Right About Betting On Bristol-Myers Squibb Company (BMY)?

Concerns over rising interest rates and expected further rate increases have hit several stocks hard during the fourth quarter of 2018. Trends reversed 180 degrees during the first half of 2019 amid Powell’s pivot and optimistic expectations towards a trade deal with China. Hedge funds and institutional investors tracked by Insider Monkey usually invest a […] …read more […]

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Hedge Funds Aren’t Excited About BP plc (BP)

Hedge funds run by legendary names like George Soros and David Tepper make billions of dollars a year for themselves and their super-rich accredited investors (you’ve got to have a minimum of $1 million liquid to invest in a hedge fund) by spending enormous resources on analyzing and uncovering data about small-cap stocks that the […] …read more […]