Jun 24, 2017 | Market News
Sen. Bernie Sanders, I-Vt., and his wife, Jane Sanders have hired prominent defense attorneys amid an FBI investigation into a loan Jane Sanders obtained to expand Burlington College while she was its president. Politico Magazine first reported the Sanders had hired...
Jun 24, 2017 | Market News
Fed Chair Janet Yellen and New York Fed President Bill Dudley (joined by consistent hawk, Cleveland Fed President Loretta Mester) have made it clear they believe the recent slowdown in inflation is temporary. They appear ready to forge ahead with more rate hikes, with...
Jun 24, 2017 | Market News
Here is what we think you should be watching next week. Key events are scheduled for the companies listed below. Expected IPO filings: Esquire Financial (ESQ) on June 27, Avenue Therapeutics (Pending:ATXI) on June 28, Mersana Therapeutics (Pending:MRSN) on June 28,...
Jun 22, 2017 | Market News
Music industry sources say Tesla (TSLA) has had talks with all major labels about licensing a proprietary music service which would come with all of its cars, report Peter Kafka and Johana Bhuiyan at Recode. This naturally begs the question of why the automaker...
Jun 22, 2017 | Market News
Sears Holdings (SHLD) is preparing to close 20 more stores in the United States. That’s on top of 245 closings already announced, employees told Business Insider, and will bring the company’s store count down to about 1,180. The new closings come in a...
Jun 22, 2017 | Market News
Amazon (NASDAQ:AMZN) will stream Thursday night NFL games to Prime customers in the upcoming season and now seeks advertisers for $2.8M packages, according to Reuters sources. Ads would appear during the games and on Amazon’s website. Amazon paid the NFL $50M to...
Jun 22, 2017 | Market News
All 34 lenders subjected to the Fed stress tests exceeded the minimum projected capital and leverage ratios under the severely adverse scenario. It’s the third consecutive year there have been no banks failing. The results of the CCAR – in which...
Mar 21, 2017 | Market News
The Dow and S&P 500 suffered their largest losses since mid-October, as market sentiment sours for the first time on Pres. Trump’s ability to accomplish the promised pro-growth policies of tax reform and stimulus. The Dow and S&P each closed with losses...
Mar 18, 2017 | Market News
Disney’s (NYSE:DIS) Beauty and the Beast is expected to score a record breaking opening weekend of $168M-$180M after earning $16.3M in Thursday night previews, the second-highest such preview figure ever for any G or PG-rated movie behind Harry Potter and the...
Mar 18, 2017 | Market News
Tesla (NASDAQ:TSLA) says it will discontinue the Model S 60 and 60D after April 16. Tesla statement: “We introduced the Model S 60 kWh battery as a more affordable option to accelerate the adoption of electric vehicles. However, most customers ended up buying an...
Mar 16, 2017 | Market News
Snap (NYSE:SNAP) is down 4% to slip below $20 for the first time since the IPO. TheStreet.com reported earlier today that Snap could face some investor lawsuits over the high level of non-voting shares issued as part of the public launch. That’s right....
Mar 14, 2017 | Market News
Where have I seen this before? If you have not heard by now, Halliburton (NYSE:HAL) is reportedly close to reaching a deal to acquire Norwegian oil services company Aker Solutions or its key subsea unit. This would be a sizable purchase. Now I know what it reminds me...
Mar 11, 2017 | Market News
The S&P and Dow Jones Indices have made adjustments to the market cap definitions of its indexes that have resulted in some ticker shuffling. Effective today, the S&P 500 has a market cap guideline of $6.1B or greater (up from a previous $5.3B). In addition,...
Mar 11, 2017 | Market News
“Efficiency” is being stressed this week by oil company leaders. They worry about how too much of a good thing could turn out bad. What were are talking about is too much production. From Exxon Mobil’s (NYSE:XOM) Darren Woods to Statoil’s...
Mar 10, 2017 | Market News
Facebook’s (NASDAQ:FB) media moves take another step with an agreement to live-stream at least 22 Major League Soccer games this season. The first match livecast comes March 18 when Chicago plays an expansion team from Atlanta. The telecasts come through a deal...
Mar 10, 2017 | General, Market News
Looks like Avatar 2 will take a little while longer before it makes a run at the same box-office gold as its predecessor. Unfortunately, the film is “not happening” in 2018, says director/producer James Cameron, marking another of many delays in its...
Mar 10, 2017 | Analysis, Market News
I have been covering MeetMe (NASDAQ:MEET) for quite a while. You may remember that I bought in at the $2 mark, and made it my top pick for 2016. In the summer of 2016, the stock surpassed $7, at which point I recommended that investors should take profits. When the...
Mar 10, 2017 | Funds, Market News
Is this the start of a major decline in Bitcoin? We have just received word that suggests this may be the case. Dashing years of hopes, the SEC has rejected the Winklevoss Bitcoin ETF (Pending:COIN). Near $1,300 ahead of the announcement, the price of bitcoin has...
Mar 10, 2017 | Market News
After a CBC News report about the pressures put on branch employees to sign up customers for products they don’t need.TD Bank (NYSE:TD) is getting hit hard, similar to what happened to Wells Fargo (NYSE:WFC) “When I come into work, I have to put my ethics...
Mar 10, 2017 | Market News
Stocks gain after strong jobs report but snap weekly winning streak Stocks closed with modest gains after this morning’s strong jobs report reaffirmed strength in the U.S. economy as well as the near certainty of a rate hike at next week’s FOMC meeting....
Mar 9, 2017 | Market News
Thursday’s (3/9/2017) economic calendar 7:30 Challenger Job-Cut Report 8:30 Initial Jobless Claims 8:30 Gallup Good Jobs Rate 8:30 Import/Export Prices 9:45 Bloomberg Consumer Comfort Index 10:00 Quarterly Services Report 10:30 EIA Natural Gas Inventory 1:00 PM...
Mar 8, 2017 | Market News
Starbucks (SBUX -1%) has lost some market share to rivals in February, according to data from mobile specialist xAd. The firm says Starbucks nailed down 11% of restaurant traffic market share during the month, down from 12% in January. New initiatives from...
Mar 8, 2017 | Market News
A buyout of Time Warner (TWX +0.4%) by AT&T (T -0.2%) will mean fundamental change for the wireless industry, Sprint (S +1.5%) Chief Financial Officer Tarek Robbiati says. He didn’t have much to say about a much-discussed prospective merger with fellow...
Mar 8, 2017 | Market News
According to a NY Times report, for years, federal investigators have been scrutinizing Caterpillar’s overseas tax affairs with no resolution to the examinations of the complex maneuvers involving billions of dollars and one of the company’s Swiss subsidiaries. Now, a...
Mar 8, 2017 | Market News
Stocks slip as crude oil plunges more than 5% The S&P and Dow slipped for a third straight day, weighed by energy stocks as U.S. crude oil futures plunged more than 5%. WTI crude fell 5.4% to settle at $50.28/bbl for its worst one-day showing in more than a year,...
Mar 6, 2017 | Market News
-Natural gas prices are rallying today as recent weather forecasts favor cooler weather across much of the U.S., rising 3.7% to $2.931/MMBtu and extending a rebound that has sent prices higher for four straight trading sessions. -Nat gas prices had been held down by...
Mar 6, 2017 | Market News
Exxon Mobil (XOM) is about to make a massive investment and you need to know about it. Exxon Mobil is expanding its manufacturing capacity along the U.S. Gulf Coast through planned investments of $20B/year through 2022 to “take advantage of the American energy...
Mar 5, 2017 | Market News
We just found out some major news regarding Tesla (NASDAQ:TSLA). If it wants to compete, it needs a massive investment. Tesla would need to to spend up to an additional $8B in its network of charging stations in the U.S. alone if it wants to make recharging a...
Mar 5, 2017 | Market News
China Lowers Growth Target China has lowered its annual economic growth target to “around” 6.5%, compared to last year’s range of 6.5% to 7%. “At present, overall systemic risks are under control,” Premier Li Keqiang told the National...
Mar 5, 2017 | Market News
The U.S. Environmental Protection Agency is expected to announce next week it would reopen a review of 2022-2025 vehicle emissions requirements after automakers urged the Trump administration to reverse a decision under former President Barack Obama, a source said on...
Mar 4, 2017 | General, Market News
Snapchat (NYSE:SNAP) IPO’d 200 million shares, which were listed at a $7 premium at $24 per share. Many called the stock overvalued. The stock is valued at 35 times sales, which is twice of what Facebook (NASDAQ:FB) went public at, although Facebook was close to...
Mar 4, 2017 | Market News
AT&T, union ratify another deal for former DirecTV workers In another in a string of labor wins for AT&T (NYSE:T), union leaders say former DirecTV workers in four states have ratified a labor deal. The Communications Workers of America’s deal with...
Mar 4, 2017 | Market News
Interest rates are a main concern for investors. Janet Yellen, Federal Reserve Chair, is out with commentary: “A further adjustment of the federal funds rate would likely be appropriate,” at the March FOMC meeting, says Janet Yellen in a just-released...
Feb 26, 2017 | Market News
The Harley (NYSE:HOG) growth engine has hit a demographic flat spot, writes Bill Alpert in a front-page Barron’s article, noting the company has missed annual shipment targets for several consecutive years. Amidst slipping sales, management has been able to keep...
Feb 26, 2017 | Market News
Barron’s says value-oriented investors should take a look at Transocean (NYSE:RIG); analysts think shares can rise more than 35% over the next year or two. Share prices indicate investors think they’re “dead” – far from reality,...
