U.S. stocks closed higher on Monday as investors applauded a strong U.S. earnings season with results from Berkshire Hathaway impressing and Facebook lifting the tech-heavy Nasdaq index after a report it was planning new services.
Tyson Foods Inc beat analysts’ quarterly profit estimates on Monday as the No. 1 U.S. meat processor reported a record operating income for its beef business due to increased exports and cattle supplies.
Wall Street is warming up to this mid-cap drugmaker. …read more […]
Goldman Sachs’ investment strategy group says bitcoin will continue to decline. It also says the virtual currency meets none of the three definitions of usable money and makes up just 0.3% of global GDP. Despite headline-making plans to open a bitcoin trading desk earlier this year, Goldman Sachs still isn’t sold on the virtual currency. …read more […]
Oil futures gained on Monday after OPEC sources said Saudi crude production unexpectedly fell in July, raising concerns about global oil supplies as the United States prepares to reinstate sanctions against major exporter Iran.
U.S. antitrust enforcers are in the early stages of reviewing T-Mobile US Inc’s plan to buy Sprint Corp for $26 billion, and have reached no conclusions on how many wireless carriers the country needs, a source familiar with the situation said on Monday.
U.S. antitrust enforcers are in the early stages of reviewing T-Mobile US Inc’s (TMUS.O) plan to buy Sprint Corp (S.N) for $26 billion, and have reached no conclusions on how many wireless carriers the country needs, a source familiar with the situation said on Monday. Sprint shares were up 8.7 percent at $6.11 and T-Mobile rose 6.7 percent to $65.65 in late-afternoon trading, after the New York Post reported that U.S. regulators believed that just three national providers were needed, removing an obstacle to the deal. The Justice Department did not immediately respond to a request for comment. …read more […]
Rumor has it that the proposed merger with T-Mobile US is looking more likely to gain DOJ approval these days. …read more […]
Wall Street is largely backing CBS Corp , with few analysts changing their ratings or price targets on the media company, even as it looks into allegations of sexual misconduct against Chief Executive Les Moonves.
Mexico’s economy minister Ildefonso Guajardo said on Monday the country has put forward a proposal to update the North American Free Trade Agreement’s contentious rules of origin, and in turn was studying the U.S. position.
Stock markets lifted on Monday after strong corporate earnings turned Wall Street positive, but a tariff dispute between the United States and China limited gains in equities while boosting the dollar and helping keep Treasury yields lower.
Yahoo Finance’s Seana Smith on the stocks making headlines in midday trading Monday. …read more […]
Mattress Firm Inc, the largest U.S. mattress retailer, is considering a potential bankruptcy filing as it seeks ways to get out of costly store leases and shut some of its 3,000 locations that are losing money, people familiar with the matter said.
The S&P 500 rose on Monday as results from Berkshire Hathaway boosted optimism about a strong earnings season, and Facebook lifted the tech-heavy Nasdaq index after a report it was planning new services.
MoviePass plans to limit users to three movies per month, down from its current offer of one movie a day. Yahoo Finance’s Seana Smith, Andy Serwer, Dion Rabouin and Dan Howly discuss. …read more […]
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