Business News
Wells Fargo to pay $2.09 billion fine over loan quality: DoJ
Wells Fargo will pay $2.09 billion in penalty for alleged misrepresentation of loan quality, the U.S. Department of Justice said on Wednesday.
Month: August 2018
Business News
U.S. new vehicle sales drop in July
Major automakers on Wednesday reported lower U.S. new vehicle sales for July amid steep declines in passenger cars, except Fiat Chrysler Automobiles NV (FCA) , which said its sales climbed 6 percent.
Business News
S&P dips ahead of Fed decision; Apple keeps Nasdaq higher
The benchmark S&P 500 index dipped on Wednesday, ahead of the Federal Reserve’s decision on interest rates, but Apple’s robust earnings lifted the technology sector and the Nasdaq.
Trading Ideas
The Latest: Trump suggest Manafort treated worse than Capone
President Donald Trump is invoking one of the nation’s most notorious criminals in venting about the treatment of former campaign chairman Paul Manafort as he begins trial. Trump, in the midst of an angry tweet storm Wednesday about special counsel Robert Mueller’s Russia investigation, asked the public “who was treated worse,” 1920s gangster Al Capone or Manafort. …read more […]
Business News
Tesla second-quarter report could be an $850 million boon or bane for short-sellers
Tesla Inc – the most heavily shorted U.S. company – is set to report quarterly results on Wednesday, and short-sellers could be dealt a nearly $850 million loss or gain, depending on the direction of the post-earnings stock move.
Business News
Trade tensions, labor shortages loom over U.S. factories
U.S. manufacturing activity slowed in July amid signs that a robust economy and import tariffs were putting pressure on the supply chain, which could hurt production in the long term.
Business News
More drugmakers build Brexit stockpiles as EU agency faces exodus
Sanofi and Novartis said on Wednesday they planned to increase stockpiles of medicines in Britain in preparation for potential disruption if the UK crashes out of the European Union without a deal.
Trading Ideas
Smartwatch sales prop Garmin’s beat and raise quarter
Garmin Ltd reported better-than-expected quarterly profit and raised its full-year forecast on Wednesday, boosted by higher demand for its activity-tracking wearable devices. Garmin shares were up 1.5 percent at $63.40 in midday trading. Garmin, which started as a GPS device maker, has gained in recent years due to a surge in demand for smartwatches and other wearable devices that track everything from heart rates and calories to a pet’s movement. …read more […]
Business News
WhatsApp to start charging business users
Facebook Inc’s WhatsApp messenger service will start charging businesses for sending marketing and customer service messages, it said on Wednesday, as the social network company’s flagship brand faces slowing usage and revenue growth.
Business News
Global stocks mixed as techs get boost but trade war fears hound markets
World stocks were mixed on Wednesday, with fears of an imminent escalation in the tariff war between the U.S. and China holding back gains, though robust results form technology giant Apple Inc boosted a key index on Wall Street.
Business News
Wall Street gains on Apple boost, easing trade worries
U.S. stocks rose on Wednesday as Apple’s robust earnings lifted the high-growth technology sector and eased worries of an escalating trade war between the United States and China.
Business News
Apple nears $1 trillion as bright forecast highlights future demand
Shares of Apple Inc touched the $200 mark for the first time and neared a $1 trillion valuation on Wednesday, after the company forecast blowout current-quarter sales and analysts said a September launch of new iPhones set the stage for sustained growth.
Trading Ideas
Chesapeake Energy Corporation Delivers a Solid but Unspectacular Quarter
The oil and gas driller continues to make slow and steady progress on its turnaround plan. …read more […]
Trading Ideas
Why Emerge Energy Services LP Is Slumping Today
The frack sand producer had some disappointing news. …read more […]
Business News
Major automakers report drop in U.S. vehicle sales for July
Major automakers on Wednesday reported lower U.S. new vehicle sales for July amid steep declines in passenger cars, except Fiat Chrysler Automobiles NV (FCA) , which said its sales climbed 6 percent.