NAIROBI, Sept 5 (Reuters) - An Ethiopian commercial ship docked in an Eritrean port for the first time in two decades on Wednesday, state-affiliated Ethiopian broadcaster Fana Broadcasting said, in the latest sign of rapprochement between the two countries.
The Mekelle, due to carry 11,000 tonnes of Eritrean zinc to China, docked in Massawa, FBC said. (Writing by Ingrid Melander; Editing by George Obulutsa)
Costco made buying a gold bar as simple as tossing it in a shopping cart. Adam Xi, 33 years old, called five different dealers to get a price he could accept for the gold bar he bought at Costco in October. Costco shoppers are spending as much as $200 million monthly on gold, according to a Wells Fargo estimate.
In seven of the past eight quarters, the company disclosed preliminary results ahead of its earnings report, generally raising its guidance.
(Bloomberg) -- Super Micro Computer Inc. shares are seeing their biggest drop in about two months on Friday, after the maker of servers announced the date of its third-quarter results but didn’t pre-announce results.Most Read from BloombergElon Wants His Money BackDubai Grinds to Standstill as Flooding Hits CityNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to ThemIsrael Reported to Have Launched Retaliatory Strike on IranRecord Rainfall in Dubai? Blame Climate Change, Not Clo
The S&P 500 could bottom out in the next month, according to Fundstrat's head of research Tom Lee.
One of the fastest-growing utility stocks, along with "Wall Street's Greatest Dividend Stock," make for phenomenal buys right now.
If you are still holding to Nvidia stock, here is a key sell signal to watch for: Shares dipped below the 50-day moving average Friday. Nvidia's chart shows that its relative strength line, which compares the company's stock performance to the S&P 500, is flattening. Chief Executive Jensen Huang recently addressed students at his alma mater of Oregon State University and stated that "artificial intelligence is the technology industry's single greatest contribution to social elevation."
Microsoft has been one of the pioneers in the field of AI, but this tech giant is also set to win big time from the growing adoption of this technology.
Is the shine starting to come off Super Micro Computer stock? Shares of the server maker, better known as Supermicro, fell 16% Friday , putting the stock on track for its fifth decline in six sessions.
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In the chaos of the 2008 recession, perhaps no bank stood more prepared than Jamie Dimon's J.P Morgan Chase & Co. (NYSE:JPM). In advance of the crisis, Jamie Dimon realized that "underwriting standards were deteriorating across the industry," with late payments on subprime loans rising. In late 2006, the bank led his firm to exit Wall Street's hot subprime business, starting with a frantic call made to J.P. Morgan's vacationing Chief of Securitized Products where he said, "I really want you to w