Trading Ideas
Microsoft discounts the Xbox One X for its E3 week sale
Microsoft is cutting the price of the 4K-friendly Xbox One X for the first …read more […]
Month: June 2018
Trading Ideas
Supreme Court Tosses Gay-Bias Finding Against Wedding-Cake Baker
The U.S. Supreme Court threw out a finding that a Colorado baker illegally discriminated when he refused to make a cake to celebrate a same-sex wedding. A seven-justice majority said the Colorado Civil Rights Commission finding in the baker’s case was tainted by animus toward religion. “The commission’s hostility was inconsistent with the First Amendment’s guarantee that our laws be applied in a manner that is neutral toward religion,” Kennedy wrote. …read more […]
Trading Ideas
Bad News for Sears Is Good News for J.C. Penney
More than 15% of the remaining Sears full-line store base is set to close by early September. That represents a huge revenue growth opportunity for J.C. Penney. …read more […]
Business News
Trade war turns Canada’s G7 summit into six-plus-Trump
OTTAWA/WASHINGTON (Reuters) – Prime Minister Justin Trudeau this week plays host to a summit of the Group of Seven leading industrialized nations with six of the seven members outraged at the United States over a slew of recent moves by President Donald Trump.
Trading Ideas
Oil slips as U.S. supply grows, OPEC mulls higher output
Oil prices slipped on Monday as U.S. production hit a record high and OPEC members considered boosting supply. Benchmark Brent crude oil lost $1.26 a barrel, or 1.6 percent, reaching a low of $75.53 before recovering to $76.29, down 50 cents, by 1330 GMT. U.S. light crude was unchanged at 65.81 a barrel. …read more […]
Business News
Wall Street opens higher on strong jobs data
(Reuters) – Wall Street’s three main indexes opened higher on Monday led by gains in Microsoft and Apple as well as Friday’s robust jobs data which continued to boost investor optimism on strength in the U.S. economy.
Business News
Boeing ties up with Safran to push into aircraft services business
(Reuters) – Planemaker Boeing Co will partner with French aerospace firm Safran SA to make and service aircraft auxiliary power units as it uses some its profit from record jet sales to push into other lucrative aerospace segments.
Trading Ideas
Walmart sells 80% of its Brazilian operation to Advent Intl, will record $4.5B loss as a result
Walmart’s ongoing push to cut away unprofitable or slow-growing international …read more […]
Business News
Microsoft to buy coding site GitHub for $7.5 billion
(Reuters) – Microsoft Corp said on Monday it would buy privately held coding website GitHub Inc for $7.5 billion in an all-stock deal to expand its clout among software developers.
Business News
Boeing, Safran form venture to make auxiliary aircraft engines
(Reuters) – Planemaker Boeing Co and French aerospace firm Safran SA will join forces to make and service auxiliary power units (APUs), used to start aircraft engines and run other aircraft systems.
Business News
Thomson Reuters names joint operating chiefs; four executives depart
(Reuters) – Financial news and information company Thomson Reuters named Brian Peccarelli and Neil Masterson as its co-chief operating officers on Monday as part of a reorganization, which also involves four executives leaving the company.
Business News
KPMG to layoff 400 employees in South Africa in latest shake-up after scandal
JOHANNESBURG (Reuters) – Global auditor KPMG said on Monday it will axe up to 400 staff in South Africa in its latest shake-up following a corruption scandal in the country, which saw it lose several major clients.
Trading Ideas
The 3 Things Salesforce Executives Can't Stop Talking About
The company is pursuing a number of strategies to achieve its lofty goals. …read more […]
Trading Ideas
Here's what's pushing Apple to $1 trillion
Expectation for Apple are always high. In recent years, the iPhone maker has impressed through radical incrementalism, services and smaller products. …read more […]
Business News
Saudi Aramco restructures non-oil assets ahead of IPO: sources
DHAHRAN, Saudi Arabia/DUBAI (Reuters) – Saudi Aramco has created a subsidiary to house its multibillion-dollar pension fund and could spin off its aviation division, sources said, as it restructures some assets not related to oil and gas ahead of its planned initial public offering (IPO).