NEW YORK (Reuters) – New York State’s highest court on Tuesday narrowed the reach of a powerful law used by the state’s attorney general to fight financial fraud, handing a partial victory to Credit Suisse Group AG in an $11 billion lawsuit over defective mortgage securities.
(Reuters) – Bank of America Corp’s co-head of consumer and business banking said on Tuesday he expects the consumer banking unit’s efficiency ratio to remain flat or improve further as it cuts more costs tied to moving physical checks and cash.
China internet stocks are hot. The likes of Alibaba Holdings Ltd (NYSE:BABA), Tencent Holding/ADR (OTCMKTS:TCEHY), Baidu Inc (ADR) (NASDAQ:BIDU) and others have rallied well over 100% over the past several years. But, as noteworthy as these stocks may be, iQIYI, Inc (NASDAQ:IQ) is one freshly public Chinese internet stock that has staged a 100%-plus rally in a much shorter time frame, and it is arguably the most talked about Chinese internet stock today. …read more […]
Coinbase announced that it will be adding Ethereum Classic to its platform. Ethereum Classic is a digital currency that is the result of a hard fork in the ethereum blockchain. Coinbase is emphasizing transparency in the process following allegations that the company’s employees benefitted from insider trading when it added bitcoin cash to the platform late last year. …read more […]
(Reuters) – Wall Street’s main indexes posted small gains on Tuesday as bank shares gained in anticipation of an interest rate hike by the Federal Reserve at its two-day policy meeting.
Yahoo Finance’s Alexis Christoforous and Jared Blikre break down the latest market action.
Here’s the performance of the Dow Jones Industrial Average as of 10:15 am ET:
CAT Caterpillar Inc 0.66%
GE General Electric Co 0.61%
XOM Exxon Mobil 0.55%
CVX Chevron Corporation 0.53%
KO Coca-Cola Co 0.27%
JPM JPMorgan Chase & Co 0.27%
AAPL Apple Inc 0.27%
IBM Intl Business Machines Corp 0.27%
GS Goldman Sachs Grp 0.20%
DIS Disney (Walt) Co 0.19%
DWDP DowDuPont Inc 0.19%
V Visa Inc 0.16%
HD Home Depot Inc 0.16%
MCD McDonald’s Corp 0.10%
MSFT Microsoft Corp 0.10%
BA Boeing Co -0.06%
INTC Intel Corp -0.07%
TRV The Travelers Companies Inc -0.09%
VZ Verizon Communications -0.11%
UTX United Technologies -0.12%
PG Procter & Gamble Cc -0.19%
PFE Pfizer Inc -0.21%
CSCO Cisco Systems -0.23%
NKE Nike Inc Cl B -0.24%
MRK Merck & Co -0.25%
AXP American Express Co -0.35%
MMM 3M Co -0.33%
JNJ Johnson & Johnson -0.51%
WMT Wal-Mart Stores -0.85%
UNH UnitedHealth Grp Inc -1.11% …read more […]
Buckle up — the market is looking jittery right now. If it’s not the threat of further Federal interest rate hikes, it’s the possibility of a full-blown trade war with China and Europe. Analysts are ranked based on two crucial factors: success rate and average return per recommendation. Following top analysts is an easy way to identify stocks that experts believe have strong investing potential. …read more […]
DETROIT (Reuters) – General Motors Co Chief Executive Officer Mary Barra said on Tuesday the No. 1 U.S. automaker currently has no projects underway with ride-sharing company Lyft, in which it has a 9 percent stake.
(Reuters) – U.S. stocks opened slightly higher on Tuesday, with bank stocks gaining as the Federal Reserve kicked off its two-day policy meeting, while a historic U.S.-North Korea summit failed to impress investors.
(Reuters) – McDonald’s Corp plans to take $80 million to $90 million in charges during the second quarter from a restructuring at its U.S. operations that includes layoffs.
In a smartphone world, both of these tech companies should be great buys, right? …read more […]
DHAHRAN, Saudi Arabia (Reuters) – Saudi Aramco plans to boost investments in refining and petrochemicals to secure new markets for its crude, and sees growth in chemicals as central to its downstream strategy to lessen the risk of a slowdown in oil demand.
DETROIT (Reuters) – General Motors Co Chief Executive Mary Barra said on Tuesday that the No. 1 U.S. automaker currently has no projects underway with ride-sharing company Lyft, in which it has a 9 percent stake.
LONDON (Reuters) – WPP’s decision to allow founder Martin Sorrell to quit with share awards worth millions of pounds faced fresh opposition on Tuesday as Hermes EOS advised shareholders to vote against the advertising giant’s remuneration report.
SINGAPORE (Reuters) – U.S. President Donald Trump on Tuesday kept up his feud with America’s closest allies over trade, saying he could not allow them to continue taking advantage of the United States.
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