Trading Ideas
The Latest: VA pick denies claims he crashed car while drunk
WASHINGTON (AP) — The Latest on Ronny Jackson, President Donald Trump’s pick to be secretary of Veterans Affairs (all times local): …read more […]
Month: April 2018
Business News
Wall Street ekes out small gain as earnings offset cost worries
NEW YORK (Reuters) – Wall Street limped into positive territory on Wednesday on optimism over a spate of upbeat earnings that was nearly offset by jitters over rising U.S. bond yields and corporate costs.
Business News
Qualcomm profit tops estimates on higher modem chip sales
(Reuters) – U.S. chipmaker Qualcomm Inc’s quarterly profit and revenue topped Wall Street forecasts, led by higher sales of modem semiconductors used in smartphones and connected cars.
Trading Ideas
Ford to stop selling every car in North America but the Mustang and Focus Active
Ford today announced it will phase out most cars it sells in North America. …read more […]
Business News
Ford targets higher margins faster, to drop unpopular cars
DETROIT (Reuters) – Ford Motor Co on Wednesday outlined a plan to cut costs and boost profit margins at a faster pace than previously announced, which includes dropping traditional sedan models in North America that have become increasingly unpopular with consumers.
Business News
Facebook beats Wall Street’s revenue estimates, shares rise
(Reuters) – Facebook Inc shares rose after the bell on Wednesday after the social network reported revenue that beat Wall Street estimates, showing no initial impact on its lucrative ad business from a scandal over the handling of personal data.
Business News
Facebook quarterly profit, revenue beat estimates
(Reuters) – Facebook Inc’s quarterly profit and revenue beat analysts’ estimates on Wednesday, as the social media company’s mobile ad business grew on a major push to add more video content.
Business News
Ford posts higher quarterly net profit, beats Wall Street estimates
DETROIT (Reuters) – Ford Motor Co on Wednesday posted a higher quarterly net profit, beating analyst expectations, as a 7 percent increase in revenue and a lower tax rate offset a jump in expenses, especially commodity costs.
Business News
Stocks end slightly higher though rate jitters linger
(Reuters) – Wall Street eked out a small gain on Wednesday as optimism over a spate of upbeat earnings was offset by jitters over rising bond yields and corporate costs.
Business News
Qualcomm’s quarterly profit falls 51.5 percent
(Reuters) – Qualcomm Inc’s quarterly profit fell 51.5 percent due to higher costs and as the chipmaker sold fewer modem semiconductors used in mobile phones.
Trading Ideas
DNA linked former police officer to serial killings
A DNA match in the past six days tied a former police officer to some of the crimes committed by a California serial killer behind at least 12 homicides and 45 rapes throughout the state in the 1970s and ’80s, police officials announced Wednesday. Joseph James DeAngelo, 72, who was fired from the Auburn Police Department, was arrested after a DNA sample came back as a match to the Golden State Killer, Sacramento County District Attorney Anne Marie Schubert said. Officials said DeAngelo had been arrested on suspicion of committing four killings in Sacramento and Ventura counties and …read more […]
Business News
Wall Street struggles for footing on cost worries, rising yields
NEW YORK (Reuters) – Wall Street climbed into positive territory on Wednesday as optimism over a spate of upbeat earnings was dampened by jitters over rising bond yields and corporate costs.
Business News
Trump and Apple CEO Cook meet at White House with trade the focus
WASHINGTON (Reuters) – President Donald Trump met with Apple Inc Chief Executive Officer Tim Cook on Wednesday to discuss trade issues as the technology industry grapples with a U.S. spat over import tariffs with China, a manufacturing hub for the iPhone maker and other companies.
Business News
Chipotle rallies ahead of debut report from new CEO
SAN FRANCISCO (Reuters) – Shares of Chipotle Mexican Grill rallied on Wednesday ahead of the company’s first quarterly report under a new chief executive hired to turn around the struggling burrito chain.
Business News
Volatile ruble encourages McDonald’s to cook up Russian fries
LIPETSK, Russia (Reuters) – French fries at McDonald’s restaurants from Moscow to Murmansk will be Russian from now on, as the American fast-food chain turns to homegrown potatoes to deal with rouble volatility caused by fluctuating oil prices and Western sanctions.