Business News
Fed’s Evans says he’s closely watching inflation
Chicago Fed President Charles Evans said on Wednesday he will be closely watching inflation in determining the future path of interest rates.
Month: November 2019
Business News
Fed’s Evans: U.S. economy in ‘good place,’ but watching inflation
The U.S. economy is in a good place but the path of inflation will be important in deciding the future path of interest rates, Chicago Federal Reserve President Charles Evans said on Wednesday.
Business News
Explainer: Central bank digital currencies – edging toward reality?
Central banks are looking at creating their own digital currencies – a stark contrast to the ethos of cryptocurrencies that seek to subvert mainstream authority over money.
Business News
Wendy’s reports strong results, with same-store sales rising
Wendy’s Co reported on Wednesday that North America same-store sales rose 4.4% in the third quarter, powered by new launches such as the $5 Biggie Bag deal and spicy chicken nuggets.
Business News
Bank of America, Raymond James to pay $12 million restitution for fund overcharges
A U.S. regulator said units of Bank of America Corp and Raymond James Financial Inc will pay roughly 12 million in restitution to customers who incurred excess fees on their investments in so-called 529 plans, which are used to encourage saving for educational expenses.
Trading Ideas
Uber Sinks to New Record Low as IPO Share Lockup Expires
(Bloomberg) — A large stake in Uber Technologies Inc. changed hands before the market opened on Wednesday, a person familiar with the matter said, as post-IPO selling restrictions lift for early investors and insiders.Goldman Sachs sold about 2 million shares on behalf of an unknown selling holder at $26.90 each, a 4.0% discount to Tuesday’s closing price. Shares were offered at $26.75 to $27.00. Shares in 2019’s largest U.S. IPO closed 38% below the May offering price on Tuesday ahead of lockup expiration Wednesday.This could be the first of many Uber block trades on Wednesday, a trader said. Goldman Sachs …read more […]
Business News
Uber shares fall to record low as stock lock-up expires
Uber Technologies Inc fell as much as 9% to a record low on Wednesday after shares held by early investors became available for sale following a six-month restriction since the ride-hailing company’s initial public offering.
Business News
S&P 500, Dow open higher after robust earnings run
The S&P 500 and Dow Jones indexes opened near record highs on Wednesday, as a largely upbeat corporate earnings season and optimism around a U.S.-China trade truce drive a Wall Street rally.
Trading Ideas
Need To Know: ServiceMaster Global Holdings, Inc. (NYSE:SERV) Insiders Have Been Selling Shares
We’ve lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On… …read more […]
Trading Ideas
Walgreens reportedly explores deal to go private, Humana beat on earnings
Yahoo Finance’s Ines Ferre breaks down the market action for Walgreens, Humana, and Xerox. …read more […]
Trading Ideas
Are Eldorado Gold Corporation (TSE:ELD) Investors Paying Above The Intrinsic Value?
Today we’ll do a simple run through of a valuation method used to estimate the attractiveness of Eldorado Gold… …read more […]
Business News
Wall Street eyes higher open after robust earnings run
Wall Street’s main indexes were set to open near record highs on Wednesday, as a largely upbeat corporate earnings season and optimism around a U.S.-China trade truce drive a rally in stocks.
Business News
Apple publishes new technical details on privacy features
Apple Inc on Wednesday published four new papers outlining technical details of how some of the privacy features in its most recent operating systems work.
Trading Ideas
Edited Transcript of RYAM earnings conference call or presentation 5-Nov-19 2:00pm GMT
Q3 2019 Rayonier Advanced Materials Inc Earnings Call …read more […]
Trading Ideas
Should You Be Worried About Insider Transactions At Endeavour Silver Corp. (TSE:EDR)?
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also… …read more […]