(Reuters) – Wall Street rose on Wednesday, with the small cap Russell 2000 index hitting a record, as Macy’s strong results lit up the retail sector and Micron led gains in the technology sector. Macy’s shares surged 10.5 percent, hitting a 52-week high, after the department store operator reported strong results and raised its profit forecast.
OTTAWA (Reuters) – Canada is prepared to cover some losses Kinder Morgan Canada Ltd might suffer if a proposed oil pipeline expansion is delayed and thinks other investors are ready to step in if need be, Finance Minister Bill Morneau said on Wednesday.
Microsoft’s always taken a premium approach to its Surface line, showing users …read more […]
LONDON (Reuters) – The British government is renationalizing the rail route between London and Edinburgh, taking back the line from a private company after it over-estimated profits, in a step likely to reignite a debate over public ownership of the UK’s railways.
Eaton Vance (NYSE: EV) is a mid cap company that operates within the capital markets industry. Its market cap is $7 billion today and the total one-year return is 29.16% for shareholders.
Eaton Vance stock is beating the market, and it reports earnings soon. But does that make it a good buy today? To answer this question we’ve turned to the Investment U Stock Grader. Our research team built this system to diagnose the financial health of a company.
Our system looks at six key metrics…
[iu-adbox]
✗ Earnings-per-Share (EPS) Growth: Eaton Vance reported a recent EPS growth rate of 23.64%. That’s below …read more […]
WASHINGTON (Reuters) – U.S. President Donald Trump said in tweets on Wednesday that “nothing has happened” with China’s ZTE Corp and that Beijing has “much to give” Washington on trade, denying suggestions that his administration was “folding” in negotiations with Beijing.
(Reuters) – Macy’s Inc raised its full-year profit forecast on Wednesday and reported better-than-expected quarterly and same-store sales, helped by strong international tourism spending, a new loyalty program and a greater assortment of products offered in stores.
ZURICH (Reuters) – Luxury goods group Richemont has launched a new watch brand, Baume, offering trendy time pieces priced in the hundreds rather than the thousands of dollars to lure young people away from their smartphones for reading the time.
WASHINGTON (Reuters) – U.S. industrial production increased solidly in April amid an acceleration in manufacturing and mining output, the latest indication that the economy was gathering momentum early in the second quarter.
(Reuters) – Wall Street edged higher on Wednesday, helped by gains in retail and chip stocks, while investors weighed the impact of rising bond yields.
(Reuters) – Twenty First Century Fox’s Rupert Murdoch will be succeeded by eldest son Lachlan as chief executive officer once the company’s TV and film assets are acquired by Walt Disney Co , Fox said on Wednesday.
CARACAS (Reuters) – Venezuelan authorities said they were reactivating a Kellogg Co plant under worker control on Wednesday, a day after the U.S. multinational food producer pulled out of the crisis-hit country.
Although Cambridge Analytica (CA) is preparing to shut down, US Congress isn’t …read more […]
WASHINGTON (Reuters) – Goldman Sachs Group Inc has launched a global training initiative to safeguard the tight-knit culture it developed as a private partnership, even as the bank marks its 19th year as a publicly traded company.
“You can win a horse race, but you can’t beat the races.”
– Jesse Livermore
“It is easy to determine that Warren Buffett’s performance was due to his skill in picking stocks. But for more mortal portfolio managers, it is extremely difficult to determine with any degree of confidence whether the superior returns of money managers are due to skill or luck.”
– Jeremy “The Wizard of Wharton” Siegel
At Berkshire Hathaway’s annual shareholders meeting this year, Warren Buffett reported on a 10-year, $1 million bet he had with a group of hedge fund managers.
Protégé Partners chose five top money managers who it argued …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
