Markets

Aug03, 2017

Dow Soars to Record High on Apple’s Success; Nasdaq and S&P 500 Stagnate

The Dow Jones rose 0.45% Wednesday, closing at 22,014.51, crossing 22,000 for the first time in history, Reuters reports. It dropped slightly in after hours trading, but as of 11 am Thursday, it has gained another 0.06%, bringing it to 22,029.11.…
Jul30, 2017

US Commerce Department Releases US Economic Data for Q2 2017

Friday, the US Commerce Department published national economic data for the second quarter of 2017. After a sluggish 2016, the economy appears to be modulating toward a strong growth rate. Last year saw the slowest economic growth rates since the…
Jul30, 2017

Stocks Sink Across Tobacco Industry as FDA Announces Plan to Tighten Regulations

The FDA announced Friday that it will tighten regulations imposed upon the tobacco industry, with a view toward encouraging manufacturers to produce less addictive cigarettes, Lauren Thomas of CNBC reports. "Envisioning a world where cigarettes would no longer create or…
Jul30, 2017

U.S. Housing Prices Out of Touch with Reality

U.S. home resales have been unable to match expected projections in June as prices reach record highs, keeping first-time buyers hesitant on the peripheral. The record high housing prices are a result of a small property supply being pursued by…
Jul30, 2017

GE Shares Plummet On Earnings Call, but a Rebound Could Be Coming

A massive selloff, spurred in large part by last Monday’s earnings call, in which outgoing CEO Jeff Immiet said the company expected the lull of the oil and gas market to continue to cut into profits, has plagued General Electric…
Jul30, 2017

Barnes & Noble Activist Investor Urges Privatization, Shares Soar

Sandell Asset Management, an activist investment firm, has accumulated a large number of shares in Barnes & Noble Booksellers, and is urging the company to go private, CNBC’s Lauren Thomas reports. Sandell, which the Wall Street Journal says is now…
Jul24, 2017

Euro Reaches Two-Year Dollar High

Last Friday the euro strengthened to a two-year high against the dollar, raising 1.8 percent over the week and has gained 11 percent year to date. The euro was valued at $1.1680 on Friday as the highest settlement since Jan.…
Jul24, 2017

Verizon Not Delivering to Customer Expectations

Customers of Verizon have noticed a decrease in their mobile data speeds especially being limited whenever they streamed or accessed videos on Netflix and YouTube. This has sparked a response in Verizon to optimize video applications on its mobile network…
Jul22, 2017

Lobbying Spending Spikes Against Paul Ryan’s Border Tax

Obamacare has proven unexpectedly difficult for Republicans to dismantle. As a result, the GOP is anticipated to focus the bulk of its future efforts on tax reform instead. The new GOP tax plan put forth by House Speaker Paul Ryan includes a border-adjustment…
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