Trading Ideas
Seattle passes new tax on large companies despite howls of protest from Amazon
Seattle’s city council voted unanimously to approve a new tax on the largest …read more […]
Month: May 2018
Trading Ideas
2 Days Left To 3M Company (NYSE:MMM)’s Ex-Dividend Date, Should Investors Buy?
On the 12 June 2018, 3M Company (NYSE:MMM) will be paying shareholders an upcoming dividend amount of $1.36 per share. However, investors must have bought the company’s stock before 17Read More… …read more […]
Trading Ideas
55 dead in Gaza protests as Israel fetes US Embassy move
In a jarring contrast, Israeli forces shot and killed at least 55 Palestinians and wounded more than 1,200 during mass protests Monday along the Gaza border, while just a few miles away Israel and the U.S. held a festive inauguration ceremony for the new American Embassy in contested Jerusalem. It was by far the deadliest day of cross-border violence since a devastating 2014 war between Israel and Gaza’s Hamas rulers, and further dimmed the already bleak prospects for President Donald Trump’s hoped-for peace plan. …read more […]
Trading Ideas
Musk says ‘thorough reorganization’ underway at Tesla
Tesla Inc (TSLA.O) chief Elon Musk told employees on Monday the company was undergoing a “thorough reorganization” as it contends with production problems, senior staff departures and recent crashes involving its electric cars. In his email to staff, Musk said Tesla was “flattening the management structure to improve communication,” combining functions and trimming activities “not vital to the success of our mission” in the reorganization. The company confirmed the contents of the email, which was first reported on by the Wall Street Journal. …read more […]
Trading Ideas
Is Altria Group Inc (NYSE:MO) A Buy At Its Current PE Ratio?
Altria Group Inc (NYSE:MO) trades with a trailing P/E of 9.9x, which is lower than the industry average of 16.1x. Although some investors may jump to the conclusion that thisRead More… …read more […]
Business News
Toys ‘R’ Us to sell Geoffrey the Giraffe, and sex-toys-r-us.com
WILMINGTON, Del (Reuters) – Next month, Toys ‘R’ Us is putting its famous mascot, Geoffrey the Giraffe, on the auction block. Also up for sale: sex-toys-r-us.com.
Business News
J&J defends itself in trial over baby powder asbestos claims
(Reuters) – A trial for a lawsuit alleging that Johnson & Johnson Baby Powder was responsible for the death of a woman due to her exposure to cancer-causing asbestos began in South Carolina on Monday in the latest case against the healthcare conglomerate and a supplier over their talc-based products.
Business News
Study finds Uber’s growth slows after year of scandal; Lyft benefits
SAN FRANCISCO (Reuters) – Uber Technologies Inc’s growth has slowed as a series of scandals has allowed the ride-hailing company’s chief U.S. competitor, Lyft Inc, to grab more market share, digital research firm eMarketer said in a report on Monday.
Trading Ideas
Supreme Court greenlights driver rights in rental car case
The Supreme Court said Monday that people who borrow rental cars from friends or family are generally entitled to the same protections against police searches as the authorized driver. The justices ruled unanimously that as a general rule someone who is “in otherwise lawful possession and control of a rental car” has a reasonable expectation of privacy in the car even if the rental agreement doesn’t list the person as an authorized driver. The Trump administration had argued that anyone driving a rental car but not listed on a rental agreement does not have an expectation of privacy …read more […]
Business News
NAFTA ‘hot topics’ unresolved as deal deadline looms, says U.S. official Ross
WASHINGTON (Reuters) – U.S. Commerce Secretary Wilbur Ross said on Monday that none of the contentious issues in a new NAFTA trade deal appear to have been resolved, diminishing chances of meeting a Thursday deadline to notify U.S. lawmakers of an agreement.
Business News
Wynn Resorts says Hagenbuch will not stand for re-election to board
(Reuters) – Casino operator Wynn Resorts Ltd said on Monday that John Hagenbuch will not stand for re-election to the company’s board at the annual meeting on May 16.
Trading Ideas
Can Nvidia (NVDA) Keep Up Its Massive Growth?
Shares of Nvidia (NVDA) have dipped slightly since the GPU power reported yet another quarter of impressive top and bottom line growth last week. Now the question is will Nvidia continue to expand at its current pace, or are its days of rapid growth numbered. …read more […]
Business News
Trump defends intervention to help China telecom company ZTE
WASHINGTON (Reuters) – President Donald Trump on Monday defended his decision to revisit penalties for Chinese company ZTE Corp for flouting U.S. sanctions on trade with Iran, saying the telecom maker is a big buyer for U.S. suppliers.
Business News
Wall St. ekes out gains as trade optimism pressured by defensive stocks
NEW YORK (Reuters) – Wall Street ended a choppy session slightly higher on Monday as weakness in defensive stocks offset optimism following U.S. President Donald Trump’s conciliatory remarks toward China’s ZTE Corp that calmed the waters of U.S.-China trade tensions.
Trading Ideas
Mueller Refutes Manafort’s Claim of Grand Jury Leaks by Government
Special Counsel Robert Mueller urged a federal judge to reject a request by Paul Manafort, the indicted former Trump campaign chairman, for a hearing to determine whether government officials improperly leaked secret grand-jury information to the news media. U.S. prosecutors said in a filing on Monday that defense attorneys had failed to provide evidence that news reports about Mueller’s investigation of Manafort were based on matters before a grand jury in Alexandria, Virginia, that indicted him in February on tax- and bank-fraud charges. Manafort had asked the judge to identify and punish government officials who allegedly disclosed secret …read more […]