Shares of Gap Inc fell 8 pct in premarket trading on Friday, a day after the company’s namesake brand posted another bigger-than-expected drop in comparable sales, raising concerns around the unit’s turnaround plan.
To receive further updates on this Starbucks Corporation (NASDAQ:SBUX) trade, sign up for a risk-free trial of Maximum Options today. When the Dow Transports hit new highs, the Dow Jones Industrials and the broader market tend to follow to the upside, so I think there’s a 75% chance that the market will be higher three months from now and roughly an 85% chance that the market will be higher six months from now. Also, the latest Investors Intelligence survey suggests that about 57% of advisors are bullish, which is the highest reading since January when the reading was …read more […]
U.S. stock index futures pointed to a higher open on Friday, as investors awaited a speech from Federal Reserve Chair Jerome Powell for clues on the direction of monetary policy.
These drugmakers have more cash than any others in the industry. But are they buys? …read more […]
Enbridge Inc, Canada’s largest pipeline operator, said on Friday it would buy its U.S. master limited partnership Spectra Energy Partners for a sweetened deal of $3.3 billion.
UniCredit and Societe Generale declined to comment on a report that Italy’s biggest bank was working with a senior Rothschild banker to advise it on a possible merger with the French lender.
Comp sales growth accelerated, and year-over-year EPS growth remained well above 20% at Ross Stores last quarter. But some investors were expecting even better things. …read more […]
U.S. stock index futures rose on Friday, as investors awaited a speech from Federal Reserve Chair Jerome Powell for clues on the direction of monetary policy.
Enbridge Inc , Canada’s largest pipeline operator, said on Friday it would buy its U.S. master limited partnership Spectra Energy Partners for a sweetened $3.3 billion deal.
The dollar dipped on Friday, set for its biggest weekly decline since March as markets braced for a speech by Federal Reserve chair Jerome Powell for hints on the direction of monetary policy, while a gauge of global stocks inched higher.
This stock has a big dividend yield, room to grow, and many other qualities Warren Buffett loves to see. …read more […]
Saudi Arabia’s decision to shelve what was billed as the biggest share sale ever is a major blow to the credibility of Crown Prince Mohammed bin Salman but there are other ways to finance reforms to strengthen the economy, bankers and investors say.
New rules unveiled by the IRS undermine some states’ attempts to help residents keep a version of a popular federal income tax deduction. Last year’s Republican tax overhaul put a $10,000 cap on deductions for state and local income taxes, which could affect some high-earners in high-tax states. A handful of high-tax states sued the administration earlier this summer over the Republican tax law, which they say was in part politically motivated to attack Democratic-leaning states. …read more […]
Four Toyota Motor Corp group firms will form a joint venture to combine their self-driving technologies to better compete with automotive component giants such as Bosch Group [ROBG.UL], the Nikkei business daily reported on Friday.
German engineering giant Siemens said a report by monthly Manager Magazin that it could cut 20,000 jobs as part of its Vision 2020+ strategy was “completely unfounded”.
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