August 2018 – Page 38

U.S. Fed's Powell defends policy of gradual interest rate hikes

August 24, 2018 admin Comments Off

Federal Reserve Chairman Jerome Powell on Friday defended the U.S. central bank’s push to raise interest rates as healthy for the economy and signaled more hikes were coming despite President Donald Trump’s criticism of higher borrowing costs. The Fed, which began to tighten monetary policy in 2015, has raised rates twice this year and is widely expected to do so again next month and in December. Powell made no mention of Trump’s criticism of the Fed’s monetary policy. …read more […]

Buy Netflix (NFLX) Stock After International Expansion Upgrade?

August 24, 2018 admin Comments Off

Shares of Netflix (NFLX) surged over 4% Friday on the back of an analyst upgrade, which helped cap off a strong week for the streaming TV titan amid what had been a dismal post-earnings stretch. So let’s take a look at the reasoning for the upgrade, along with some other Netflix news, before we see if it might be time to buy Netflix stock. …read more […]

U.S. calls foreign mail system unfair in surprise win for Amazon

August 24, 2018 admin Comments Off

The U.S. State Department on Friday said it would push for foreign postal carriers to pay the U.S. Postal Service more to deliver small parcels within the United States, taking up a longtime complaint by Amazon.com , UPS and others who have called the current system unfair.

…read more […]

Steve Jobs' daughter has written a memoir, not a fairy tale

August 24, 2018 admin Comments Off

The oldest daughter of Steve Jobs, Lisa Brennan-Jobs, has written a memoir about her life and relationship with her father, and it’s no fairy tale. Yahoo Finance’s Melody Hahm, Dion Rabouin, Andy Serwer and BBG Ventures’ Susan Lyne discuss. …read more […]

Analyst: 'Other automakers are years behind' what Tesla is doing

August 24, 2018 admin Comments Off

Tesla competitive advantage involves a mountain of data. “This is something no other automakers have done.” …read more […]

Wall St. rallies as Powell stays on rate-hike course

August 24, 2018 admin Comments Off

Wall Street rallied on Friday, with the S&P 500 and the Nasdaq hitting all-time highs, after Federal Reserve Chair Jerome Powell said the central bank’s current approach to interest rate hikes was the best way to protect the U.S. economic recovery.

…read more […]

Papa John’s taps investment banks amid pressure from founder: sources

August 24, 2018 admin Comments Off

Papa John’s International Inc , the world’s third-largest pizza delivery company, has hired Bank of America Corp and Lazard Ltd to help find ways to stabilize the restaurant chain, which has come under pressure from its founder John Schnatter, people familiar with the matter said on Friday.

…read more […]

Why Canopy Growth, Cronos Group, and Tilray Are Soaring Again Today

August 24, 2018 admin Comments Off

These three marijuana stocks continue to enjoy momentum on the heels of a major deal for Canopy and anticipation of Canada’s recreational cannabis market opening. …read more […]

UK auditors, watchdog to discuss curbs on Big Four market share

August 24, 2018 admin Comments Off

Britain’s top accountants will meet with competition regulators next week to discuss limiting the “Big Four” auditors’ market share after lawmakers called for them to be broken up.

…read more […]

As big firms get bigger, rate cuts may pack less punch: study

August 24, 2018 admin Comments Off

Low interest rates may do less to boost business spending in today’s economy than in years past because the big companies that now dominate many industries tend to use their money on intangibles that do not get cheaper as borrowing costs fall.

…read more […]

Why Shares of Arista Networks Are Surging Today

August 24, 2018 admin Comments Off

The fast-growing networking company will soon be part of an important stock index. …read more […]

Global stocks rally after Powell speech, oil prices surge

August 24, 2018 admin Comments Off

Global equity market rose on Friday after Federal Reserve Chairman Jerome Powell expressed no surprises in a key speech outlining a steady course for monetary policy, while oil prices surged on signs Iran sanctions may constrain worldwide supply.

…read more […]

Should You Follow Insiders Into AT&T?

August 24, 2018 admin Comments Off

Insiders showed their confidence in the stock at the end of July. How’s the business looking? …read more […]

Cigna, Express Scripts shareholders approve $52 billion deal

August 24, 2018 admin Comments Off

Cigna Corp shareholders on Friday voted in favor of the health insurer’s proposed $52 billion acquisition of pharmacy benefit manager Express Scripts Holding Co , although the deal still needs clearance from antitrust authorities.

…read more […]

Fed chief Powell defends policy of gradual rate hikes

August 24, 2018 admin Comments Off

Federal Reserve Chairman Jerome Powell on Friday defended the U.S. central bank’s push to raise interest rates as healthy for the economy and signaled more hikes were coming despite President Donald Trump’s criticism of higher borrowing costs. The Fed, which began to tighten monetary policy in 2015, has raised rates twice this year and is expected to do so again next month and perhaps once more before the end of the year. Powell’s comments were not a direct response to Trump’s criticism that he is “not thrilled” with the Fed for raising rates as the Trump administration tries …read more […]