Trading Ideas
Tesla shareholder wants to remove Elon Musk from chairman position
Ahead of Tesla’s annual shareholder meeting in June, stockholder Jing Zhao …read more […]
Month: April 2018
Trading Ideas
Judge Scraps Manafort Suit Seeking to Restrain Robert Mueller
U.S. District Judge Amy Berman Jackson in Washington, turning down Paul Manafort’s civil suit against Robert Mueller, declined to reach the merits of the legitimacy of his appointment order leading the Russia investigation. …read more […]
Business News
U.S. economy slows in first quarter, but wage growth accelerates
WASHINGTON (Reuters) – The U.S. economy slowed in the first quarter as consumer spending grew at its weakest pace in nearly five years, but a surge in wages amid tightening labor market conditions and lower tax rates suggested the setback is likely temporary.
Business News
WPP digital boss Read prepares to step into Sorrell’s shoes for first quarter results
LONDON (Reuters) – WPP’s digital boss Mark Read will get the chance to stake his claim to the top job at the world’s biggest advertising company when he helps to present its first set of results without founder Martin Sorrell on Monday.
Business News
U.S. keeps China, puts Canada on IP priority watch list
WASHINGTON (Reuters) – The Trump administration on Friday labeled 36 countries as inadequately protecting U.S. intellectual property rights, keeping China on a priority watch list and adding Canada over concerns about its border controls and pharmaceutical practices.
Business News
Wall Street defensive as inflation fears rise, earnings boost fades
(Reuters) – Wall Street moved to a defensive mode on Friday, shifting into safer equity sectors as economic data raised the specter of inflation and possible interest rate hikes, while technology shares pulled back after an initial surge.
Business News
T-Mobile, Sprint finalizing merger terms: sources
(Reuters) – U.S. wireless carriers T-Mobile US Inc and Sprint Corp are finalizing terms as they seek to sign a merger deal in the next three days, people familiar with the matter said on Friday.
Business News
Refining margins dent Exxon, Chevron first-quarter results
HOUSTON (Reuters) – Weak refining margins dinged first-quarter results for Exxon Mobil Corp and Chevron Corp , though Chevron’s oil production gains outshone its larger rival, which has struggled to turn operations around after recent missteps. Refining and chemical operations hurt two of the world’s largest integrated energy companies for the second consecutive quarter, highlighting concerns about the impact of volatile oil prices on their businesses.
Newsmakers
Newmont (NYSE: NEM) Announces First Quarter 2018 Results
DENVER–Newmont Mining Corporation (NYSE: NEM) (Newmont or the Company) announced first quarter 2018 results. Net income: Delivered GAAP net income from continuing operations attributable to stockholders of $170 million or $0.32 per diluted share; delivered […]
Business News
Tech gains, Korean vibes lift world stock markets; sterling tumbles
LONDON (Reuters) – World stocks rose on Friday, lifted by strong share price gains for tech giants such as Amazon and Facebook and growing hopes of a lasting peace on the Korean peninsula after a ground-breaking meeting of North and South Korean leaders.
Business News
USTR criticizes 36 nations over IP protection, scrutinizes Canada
WASHINGTON (Reuters) – The United States on Friday labeled 36 countries as inadequately protecting U.S. intellectual property rights, keeping China on its “Priority Watch List” for the 14th straight year and adding Canada and Colombia to that list for extra scrutiny.
Business News
Amazon, Microsoft boost Nasdaq; Exxon drags on S&P
(Reuters) – Amazon and Microsoft pushed the Nasdaq higher on Friday, but weak reports from Exxon and other energy companies capped gains on the S&P 500 and the Dow Jones Industrial index.
Trading Ideas
Netflix orders sci-fi series with 'Battlestar Galactica' actor
Battlestar Galactica’s Kara “Starbuck” Thrace is embarking on another mission. …read more […]
Trading Ideas
GOP-led House panel officially clears Trump in Russia probe
The Republican-led House intelligence committee on Friday officially declared the end of its Russia probe, saying in its final report that it found no evidence that the Trump campaign colluded with Russia in the 2016 presidential campaign. The investigation began with bipartisan promise but ultimately succumbed to factional squabbling. An investigation led by special counsel Robert Mueller is ongoing, as are probes led by the Senate intelligence and judiciary committees. …read more […]
Business News
Exxon, Chevron first-quarter results dinged by refining weakness yet again
(Reuters) – Weak refining margins dinged first-quarter results for Exxon Mobil Corp and Chevron Corp , though Chevron’s oil production outshone its larger rival, which has struggled to turn operations around after recent missteps.