Markets

Aug08, 2017

SoftBank Looks to Make Inroads Into US Ride-Hailing Sector

SoftBank CEO Masayoshi Son has indicated intentions to make inroads into the US ride-hailing market with a multi-billion dollar investment in Uber or Lyft, CNN’s Sherisse Pham reports. At a news conference Monday, Son said his company was “definitely interested”…
Aug04, 2017

Generic Pharma Giant TEVA Reels

In its quarterly earnings call Thursday, Teva Pharmaceutical Industries, Ltd. dropped its projections of annual profit for the second time this year. Earnings per share is expected to range from $4.30 to $4.50, and dividends have fallen 75%, Bloomberg reports…
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.…
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