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Business News

Italian stocks slide, dollar’s rally pauses

LONDON (Reuters) – Italian stocks fell on Wednesday after reports that two parties seeking to form Italy’s next government could seek debt forgiveness, although broader markets were unfazed and focused instead on a pause in surging U.S. bond yields.

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Trading Ideas

It’s Time to Take a Calculated Risk on General Electric Stock

Some of the calls were early, while the more recent table-pounding in favor of GE stock was ideally timed. As I said from the beginning, though the stage was set, General Electric stock was going to be a volatile mess for the foreseeable future. The pros are all — more or less — starting to agree things really can’t get much worse for GE stock, and may well improve from here. …read more […]

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Trading Ideas

Judge: Special counsel had authority to prosecute Manafort

Special counsel Robert Mueller was working within his authority when he brought charges against President Donald Trump’s former campaign chairman Paul Manafort, a federal judge in Washington ruled Tuesday. The decision was a setback for Manafort in his defense against charges of money-laundering conspiracy, false statements and acting as an unregistered foreign agent related to his Ukrainian political work. Manafort had argued that Mueller had exceeded his authority because the case was unrelated to Russian election interference. …read more […]