FBN’s Neil Cavuto on the death of designer Kate Spade and reports she wasn’t receiving any money from Coach’s $2.4 billion acquisition of the Kate Spade brand. …read more […]
NEW YORK (Reuters) – Consider it the ultimate “like” for a stock: Twitter Inc is joining the benchmark S&P 500 U.S. index, pushing the social media company’s stock price up 5 percent on Tuesday as demand surged from equities investors.
U.S. immigration agents made more than 100 arrests Tuesday at a gardening and landscaping company, aided by about 200 law enforcement workers in one of the largest employer stings in recent years. U.S. Immigration and Customs Enforcement said it expected criminal charges including identity theft and tax evasion. No criminal charges have been filed against Corso’s, but the employer is under investigation, authorities said. …read more […]
WASHINGTON (Reuters) – U.S. services sector activity accelerated in May, pointing to robust economic growth in the second quarter, but trade tariffs and a shortage of workers posed a threat to the outlook.
(Reuters) – Strong gains in tech heavyweights lifted the Nasdaq to a record intra-day high on Tuesday, while declines in financial and healthcare stocks weighed on the S&P 500 and Dow.
BOSTON (Reuters) – A former State Street Corp executive directed a fraudulent scheme to overcharge several of the bank’s clients, including Kuwait’s sovereign wealth fund, by applying secret commissions to billions of dollars’ worth of trades, a U.S. prosecutor told jurors on Tuesday.
LONDON (Reuters) – Standard Chartered is drawing up plans to consolidate its Asian operations into two hubs – one in Hong Kong and one in Singapore – in order to better manage its capital, a source familiar with the matter said on Tuesday.
The U.S. economy continues to grow and doesn’t show many signs of stopping. …read more […]
(Reuters) – Two of Allergan Plc’s shareholders – hedge funds Appaloosa Management and Senator Investment Group – on Tuesday asked the drugmaker’s board to split the role of chief executive officer and chairman, and end its acquisition strategy.
Editor’s Note: The countdown has begun…
It’s now six days before we introduce you to “The shortest way to a rich life.”
On Monday, June 11… the look, feel and name of your daily e-letter will be transformed.
Oh, it’ll still be free. But the mission behind our nearly 20-year-old Investment U e-letter has evolved… along with your needs.
Chief Investment Strategist Alexander Green and ETF Strategist Nicholas Vardy strive to do more than educate you about investing and leave you to fend off the wolves of Wall Street.
Rather, they want you feeling empowered to confidently take charge of your personal journey from financial …read more […]
LONDON (Reuters) – Rupert Murdoch faces a 22 billion pound ($29.3 billion) fight with U.S. cable company Comcast for European pay-TV company Sky after Britain cleared his bid providing he sells off its TV news business.
(Reuters) – Billionaire investor David Tepper’s hedge fund Appaloosa Management and Senator Investment Group on Tuesday asked Allergan Plc’s board to split the office of the chief executive officer and chairman.
(Reuters) – Conservative billionaire industrialist David Koch is retiring from his roles at Koch Industries and associated companies due to poor health, according to an internal memo seen by Reuters.
(Reuters) – Strong gains in tech heavyweights lifted the Nasdaq to a record intra-day high on Tuesday, while declines in financial and energy stocks weighed on the S&P 500 and Dow. The so-called FAANG stocks — Facebook, Amazon, Apple, Netflix and Alphabet — rose between 0.5 percent and 1.7 percent, helping the S&P technology index rise 0.5 percent.
LONDON (Reuters) – Short sellers and derivatives traders are betting Deutsche Bank’s share price recovery will prove temporary, with data suggesting short interest in the German lender is the highest of any global bank.
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