While the unemployment rate continues to decline under President Donald Trump, hitting 4.1%, the lowest since 2000, there are certain industries—and states—that continue to experience job losses.GoBankingRates analyzed data from the Bureau of Labor Statistics
The U.S. dollar was lower on Friday along with Wall Street stocks as investors pulled back from technology stocks and were skeptical President Donald Trump's Republican party would succeed in its efforts at overhauling U.S. tax law. U.S. Treasury yields edged lower, in line with declines in U.S. stock indexes and German 10-year bond yields, as risk appetite faded. The U.S. House of Representatives voted in favor of its version of a tax overhaul bill that would cut corporate taxes on Thursday.
Buffalo Wild Wings popped more than 24% on reports of a takeover offer from Roark Capital Group. The price of chicken wings is at historic highs and is the root of deeper problems at the company. Buffalo Wild Wings has been struggling lately, with the stock falling 5.43% in the last year.
Musk unveiled one flashy strategy for generating cash during the launch event Thursday for the Semi truck, surprising the audience with a prototype of a new generation of the Tesla Roadster. Musk promised the Roadster will be the fastest production car available. Musk did not offer details about how Tesla would generate additional funds to deliver the semi truck and the roadster, and overcome production problems that have hobbled production of the company's high-volume sedan, the Model 3.
Ultragenyx Pharmaceutical Inc. RARE announced that the FDA has approved its genetic disorder drug, vestronidase alfa or rhGUS, for treatment of children and adults with mucopolysaccharidosis VII (MPS VII, also known as Sly syndrome). Notably, mucopolysaccharidosis VII is a progressive and debilitating rare genetic disorder. In July 2016, the company announced positive top-line data from the study.
Of more than 6,300 respondents, 23% said they had purchased bitcoin and 20% still held some. Seventy-one percent of bitcoin buyers told us they’ve made money, while 8% said they’ve lost money. Nearly one-quarter of bitcoin buyers said the investment has changed their lives — mainly by making them wealthier on paper and giving them more money to spend.
Apple (AAPL) could go to $197 a share from the current $170 or so because the new iPhone X "is probably going to be a catalyst for much higher stock prices," TheStreet's markets columnist Stephen "Sarge" Guilfoyle says. "I think [there] is probably pent-up demand for the X," Guilfoyle told Jim Cramer during TheStreet's November Trading Strategies roundtable of top columnists and guests. Guilfoyle, a former New York Stock Exchange floor trader who writes TheStreet's daily Market Recon column, added that "the [real] reason to stay long Apple is the servicing of their ecosystem." The expert, who holds Apple in his personal portfolio, said tons of consumers are so tied into Apple's ecosystem of products
ArcelorMittal MT – the biggest steel producer on the planet – is having an impressive run of late, thanks to improving global steel market conditions and the company’s internal initiatives. The Luxembourg-based company has seen its shares shoot up roughly 34% so far this year. ArcelorMittal has also seen strong earnings estimate revision activity over the past month, suggesting analysts are becoming more bullish on the firm’s prospects in both the short and long term.
Wall Street pulled back from recent highs in the past week even as the Republicans' tax bill made progress in the House and retailers rallied on better-than-expected earnings. The Dow Jones Industrial Average fell 0.27% over the past week after having fallen three out of the past five sessions. The index closed with losses for the second week in a row. The Dow has not seen a back-to-back weekly decline since mid-August. The S&P 500 was also lower, but just barely. The index dropped 0.13% over the past five sessions, also its second week of losses in a row. The tech sector drove the Nasdaq to a weekly gain of 0.47%. The index also ended Thursday, Nov. 16, with an all-time closing high. A Great
Major defense contractors earned big contracts with work in Orlando, and all of them are hiring dozens — even hundreds — of local workers. Here's a breakdown: Northrop Grumman Corp: The Falls Church, Va.-based company won a $66.3 million contract with the U.S. Defense Logistics Agency on Nov. 16. Northrop Grumman Systems Corp. in Melbourne will deliver aircraft power amplifier modules, which is equipment used for ground and airborne communications. The contract has a Sept. 30, 2021, completion date. Northrop Grumman: The company's Melbourne unit landed another contract on Nov. 16, this one worth $15 million with the U.S. Defense Logistics Agency. The contract is to deliver aircraft high-voltage