The Trump administration is sparing some Chinese-made household furniture, baby items and internet modems and routers from its next rounds of 10% tariffs, it said on Friday.
EQM Midstream Partners LP told U.S. federal regulators the company would stop some work on its long-delayed Mountain Valley natural gas pipeline from West Virginia to Virginia as the U.S. Fish and Wildlife Service reviews a couple of permits.
A judge overseeing PG&E Corp’s bankruptcy case allowed the California utility to hold on to sole rights to its Chapter 11 exit plan, the Wall Street Journal reported on Friday.
U.S. and European stocks surged on Friday on expectations the European Central Bank will cut interest rates but the dollar pared gains against the euro after a report said the German government was prepared to take on new debt to lift the economy.
U.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic stimulus brought buyers back to the equities market, closing the book on a tumultuous week.
U.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic stimulus brought buyers back to equities, but major indexes still ended the week with losses.
Canada on Friday announced a multi-billion dollar contract with General Dynamics Corp for equipment that will be manufactured in a region where the ruling Liberals need to do well in an October election.
There wasn’t enough time for me to do a full fundamental analysis on General Electric (NYSE: GE) yesterday. Regardless, I shared my thoughts on recent happenings with the company, and War Room members came out ahead.
Here’s the backstory…
An analyst came out with a report Thursday that GE was cooking its books.
This was no ordinary analyst…
It was Harry Markopolos, the same one who called out Bernie Madoff’s Ponzi scheme. His opinion is definitely worth some weight. And that weight knocked GE shares down for a loop.
Just the day before, the CEO of GE bought millions of dollars’ worth of stock in …read more […]
Amazon.com Inc on Friday defeated an appeal by the U.S. Internal Revenue Service in what the online retailer has called a $1.5 billion dispute over its tax treatment of transactions with a Luxembourg subsidiary.
Oil prices on Friday rebounded from a two-day drop, alongside equities as expectations of further stimulus by central banks helped to ease recession concerns.
One Federal Reserve policymaker who opposed the Fed’s recent rate cut is considering whether to support such a move now given risks that a U.S.-China trade war and global slowdown could derail the economy.
General Electric shares dropped 11% yesterday to $7.80 after famed fraud investigator Harry Markopolos released a report calling GE a “bigger fraud than Enron.” You may remember Mr. Markopolos as the man who tried to alert the Securities and Exchange Commission (SEC) to Bernie Madoff’s billion-dollar ponzi scheme a decade before it collapsed.
To be fair, it’s worth noting that Markopolos is working with an unnamed hedge fund that has shorted GE stock and stands to make money if GE shares drop. So Markopolos is not exactly an unbiased witness. Despite this, I’m inclined to listen to what the man has …read more […]
Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries about the economy, while a bonanza of industry data and Federal Reserve speakers next week are likely to help shape the outlook.
A federal judge in California on Friday urged the U.S. Securities and Exchange Commission and Volkswagen AG to resolve a civil suit stemming from its Dieselgate emissions scandal.
Technology shares led Wall Street’s advance on Friday as a waning bond rally and news of potential German economic stimulus brought buyers back to the market at the close of a turbulent week.
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