How much money is in your checking account? Markets are experiencing another period of volatility this week, and new research suggests checking account customers are doing something that indicates they don’t feel as secure as they would like about the economy. Moebs Services, an economic-research firm in Lake Bluff, Ill., analyzed over 12,000 depository call reports and compared them to the Federal Reserve monetary data for 2017.
ST PETERSBURG/DUBAI (Reuters) - Saudi Arabia and Russia are discussing raising OPEC and non-OPEC oil production by some 1 million barrels a day, sources said, while OPEC's chief said a complaint from U.S. President Donald Trump over high prices had triggered the idea of upping output. Riyadh and Moscow are prepared to ease output cuts to calm consumer worries about supply adequacy, their energy ministers said on Friday. Saudi Arabia's Khalid al-Falih and Russia's Alexander Novak both said any such move would be gradual.
Bitcoin slipped 1.58% on Friday, reversing Thursday’s 1.08% gain, to end the day at $7,456.8. Bitcoin fell to an intraday low $7,318.2 in the late morning to call on support at the day’s first major support level at $7,314.13 before recovering to $7,400 levels, the second half of the day relatively range bound, with a downward bias. The Bitcoin bears ruled the roost through the week, with Bitcoin falling 12.5% Monday through Friday, supporting the extended bearish trend formed at 5th May’s swing hi $9,999, with Bitcoin failing to test resistance at the 23.6% FIB Retracement Level for a second consecutive day, while also striking a new swing lo $7,260 on Thursday.
Boeing Co. has dispatched a prominent executive to help Rolls-Royce Holdings Plc work through escalating engine problems that have grounded dozens of 787 Dreamliners. Keith Leverkuhn is serving as Boeing’s eyes and ears at Rolls factories in Singapore and Derby, England, where the Trent 1000 engine is manufactured and being repaired. Leverkuhn, an engineer with expertise in propulsion, is best-known for steering Boeing’s 737 Max through development to its commercial debut a year ago, months ahead of schedule.
Chesapeake Energy Corporation (NYSE:CHK) could be poised for a comeback. Now, as the company strives to repair its balance sheet, profit forecasts, as well as an emerging export market, could turn the company around and lead to massive gains in CHK stock. While the market cap and debt levels have improved over the last year, the company remains in a precarious financial position.
Cisco Chairman Chuck Robbins discusses his company’s strong earnings and what the technology giant plans to do with the money that was repatriated from overseas.
On the other hand, we made investing mistakes that in retrospect could only be described as pure stupidity. The worst advice, which I read and hear frequently, is that you should find a good financial adviser by seeking the recommendation of someone you trust.
Trading volume reached 55.4 million shares, enough to make the stock the most actively traded on the New York Stock Exchange. The selloff would be the biggest one-day percentage decline since it tumbled 10.7% on May 9, 2016. Weighing on the oil and gas company's stock was the 4.2% plunge in crude oil futures prices , which was triggered by talk that Russia and the OPEC oil cartel could increase output.
Stephanie Link, Managing Director at Nuveen, which has $970B in assets under management, added to Philip Morris PM , Coca-Cola KO , and Estée Lauder EL this week. Staples is the worst-performing sector this year, on pace for its fourth straight month of losses, and its worst year in a decade.
Health insurer UnitedHealth Group Inc. UNH has renewed its long-term strategic partnership with LabCorp, a leading global life sciences company providing comprehensive clinical laboratory and end-to-end drug development services. Per the agreement, LabCorp will continue to serve as UnitedHealthcare’s exclusive national laboratory provider till Jan 1, 2019. UnitedHealth has entered into a long-term agreement with Quest Diagnostic for the same.
By Matthew Miller BEIJING (Reuters) - Qualcomm Inc is expecting to meet this week in Beijing with China's antitrust regulators in a final push to secure clearance for its proposed $44 billion acquisition of NXP Semiconductors NV , three sources told Reuters. The acquisition has been caught in the crosshairs of rising U.S.-China trade tensions, with sources saying an approval would depend on the progress of broader bilateral talks. Qualcomm is likely to meet Chinese regulators before U.S. Commerce Secretary Wilbur Ross arrives in China on Saturday, the sources briefed on Qualcomm's discussions said.
The major U.S. stock indexes finished mixed on Friday, but were still able to hold on to their weekly gains. Solid corporate earnings helped underpin the indexes, but gains were limited by geopolitical fears following President Donald Trump’s decision to cancel a key summit with North Korea. The blue chip Dow Jones Industrial Average closed at 24753.09, down 58.67 or -0.24% and the tech-driven NASDAQ Composite ended the session at 7435.79, up 11.36 or +0.15%.
Market Taker Mentoring's Dan Passarelli discusses his options play for Ford Motor Co. with Bloomberg's Julie Hyman on "Bloomberg Markets." More from Bloomberg.comTrump Welcomes ‘Warm’ North
Workplace retirement plans get a lot of bad press, primarily if they are loaded with high fees. Put simply, 401(k)s work. The bad news is that otherwise-diligent savers can still leave money on the table with a 401(k), often without realizing it.
David Kline Contributor David Kline is a journalist, author and intellectual property strategist. Although top senators, including Democrat Chuck Schumer and Republican Marco Rubio, are urging the administration not to bend on ZTE, President Trump is planning to ease penalties on the Chinese telecommunications giant for violating sanctions against Iran and North Korea.
By their very nature, growth investors are primarily focused on finding companies whose earnings and revenue are expected grow at a rate that outpaces the market. Over the past several years, Wall Street’s most exciting growth stocks have emerged from the technology sector. From industry innovators like Amazon AMZN and Netflix NFLX to exciting foreign stocks such as Alibaba BABA, tech-focused growth investors have been rewarded with massive profits recently.
It has been about a month since the last earnings report for AT&T Inc. T. Shares have lost about 8.2% in that time frame. Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. AT&T reported mixed first-quarter 2018 results, with the top and the bottom lines missing the respective Zacks Consensus Estimate despite solid prepaid phone gains, record low first-quarter postpaid phone churn and continued DIRECTV NOW subscriber growth.
May.25 -- The lira has been one of the currencies hardest hit by an emerging-market sell-off this year amid concern the nation’s interest rates are too low given a current-account deficit and double-digit inflation. President Recep Tayyip Erdogan, who launched a re-election campaign on Thursday that may provide the toughest electoral test of his 15 years in power, favors lower interest rates to boost the economy. Henry Peabody, portfolio manager at Eaton Vance, and Matt Brill, head of U.S. investment grade for Invesco Fixed Income, join Bloomberg's Jonathan Ferro and Lisa Abramowicz to discuss the market and political pressures on Turkey, and other emerging markets.
Energy stocks are getting smashed lower on Friday, with the Energy Select SPDR (NYSEARCA:XLE) falling 3.1% in mid-day trading to cut below its 20-day moving average for the first time since early April.
Friday marked a quiet day on Wall Street as the price of oil declined and tensions between North Korea and the U.S. eased a bit. With the stock market closing Monday for Memorial Day, we’re looking ahead to a short week. Here are the top trades to make
The " Fast Money " traders shared their first moves for the market open. Tim Seymour was a buyer of Lennar LEN . Steve Grasso was a buyer of Alibaba BABA . Karen Finerman was a buyer of Foot Locker FL . Dan Nathan was a buyer of Disney . Trader
On the earnings side of things, fresh reports from the likes of HP Enterprise HPE, Target TGT, and Gap GPS helped mark one of the last busy stretches of the Q1 report season. With that said, investors can always use the Zacks Earnings Calendar to plan out their schedules for earnings, dividend announcements, and other important financial releases. Enterprise software and cloud computing giant Salesforce is slated to release its latest quarterly report after the market closes on May 29.
A couple of weeks ago, I pointed out three compelling Artificial Intelligence (AI) stocks you may not have even known about. There are certainly more than three such artificial intelligence prospects though. Most investors fully understand that Nvidia Corporation (NASDAQ:NVDA) makes the hardware that powers most AI applications while International Business Machines Corporation (NYSE:IBM) is arguably doing the most to put artificial intelligence to practical use.
U.S. stock futures are trading higher this morning, which is a bit surprising. President Donald Trump cancelled the U.S.’s summit with North Korea yesterday. What’s surprising is that North Korea kept its cool and did not ratchet up rhetoric in response.
Micron Technology, Inc. (NASDAQ:MU) stock has gotten out of its funk and in a big way. The price action on Micron stock looks more like that of a red-hot IPO, not a 40+ year old memory chip manufacturer. But hey, the industry has gotten some encouraging