With a few weeks left of 2019, the S&P 500 is up 23% and on track for the best annual return since 2013. That shouldn’t be a big surprise, given the records just keep coming. Onto our call of the day, from Citigroup’s chief U.S. equity strategist, Tobias Levkovich, whoRead More →
Tempur Sealy International Inc. reported third-quarter earnings and sales that beat expectations, which has got analysts optimistic about what’s to come once the results start rolling in from new retail partnerships with Big Lots Inc. and Mattress Firm. “The encouraging aspect of the results is that the strength in theRead More →
After several similar doom-and-gloom warnings in the past, one analyst isn’t too bothered by Facebook Inc.’s latest talk of steep cost growth down the road. The company told investors in conjunction with its late-Wednesday earnings report that it expects $46 billion to $48 billion in total expenses for 2019, thoughRead More →
As ExxonMobil heads to court this week for a New York lawsuit accusing it of misleading investors about climate change, a team of researchers at George Mason, Harvard and Bristol universities tracked evidence of a decades-long campaign of alleged deception at the oil giant that the scientists say has confusedRead More →
Topping New York and New Orleans, and edging out another Midwestern destination in Minneapolis, Chicago was named best big U.S. city by a well-regarded travel magazine Monday. It’s the third straight No. 1 ranking from Condé Nast Traveler for a city that President Trump and his family, who developed andRead More →
Sky-high valuations for software stocks necessitate a more defensive view of the industry, according to Jefferies analyst Brent Thill, and Microsoft Corp. shares look like the “safest” bet. He assumed coverage of the software industry late on Monday, upgrading Microsoft’s stock to buy from hold while moving to the sidelinesRead More →
New research argues the ultra-rich paid a lower overall tax rate for the first time ever last year than the other income groups. “There are a lot of advantages to being rich, and this is one of them,” said Mark Mazur, director of the Urban-Brookings Tax Policy Center. The moreRead More →
PepsiCo Inc. has priced its first-ever green bond, designating the proceeds from the $1 billion offering to help cut virgin-plastic use and replenish the water it consumes in making sodas and snacks. With the announcement, the company PEP, -0.80% said it has named executive Simon Lowden as its firstRead More →
© Reuters. FILE PHOTO: The Boeing logo is displayed on a screen, at the NYSE in New York By Alexander Cornwell DUBAI (Reuters) – Dubai Aerospace Enterprise favours expanding its fleet via a takeover of a rival after the group was unable to agree on a major order from AirbusRead More →
Major benchmarks were taking a breather from their upward September march Monday, after a weekend attack on key Saudi oil production facilities sent crude prices soaring and sowed uncertainty in global financial markets. But history shows that past episodes, albeit with some notable exceptions, haven’t caused much harm to stocks.Read More →
By Matthew Green UNITED NATIONS (Reuters) – Almost 90 big companies in sectors from food to cement to telecommunications are pledging to slash their greenhouse gas emissions in a new campaign to steer multi-nationals towards a low-carbon future, organizers said on Sunday. We Mean Business, a coalition of advocacy groups,Read More →
By Gram Slattery RIO DE JANEIRO (Reuters) – With widespread fires wreaking havoc on the Amazon (NASDAQ:), over 200 investors representing some $16.2 trillion under management on Wednesday called on companies to do their part in halting the destruction of the world’s largest tropical rainforest. Nongovernment organization Ceres said inRead More →
An intensifying Middle East conflict is threatening to throw the world’s energy market into disarray after weekend drone attacks destroyed parts of Saudi Aramco’s Abqaiq plant — one of the world’s largest processors of oil — and a separate nearby oil field. On Saturday, the drone attacks, directed at SaudiRead More →
© Reuters. Alibaba set for ‘big challenge’ as flamboyant chairman Ma departs By Josh Horwitz SHANGHAI (Reuters) – Alibaba Group chairman Jack Ma will step down from the Chinese firm on Tuesday, leaving his handpicked successor a daunting task of steering the $460 billion juggernaut at a time when theRead More →
Gold’s short-term direction is down, according to contrarian analysis. This forecast has nothing to do with Thursday’s big drop in bullion’s price. It instead traces to the gold timers’ recent jump onto the bullish bandwagon. From a contrarian perspective, of course, that means that the path of least resistance overRead More →
© Reuters. Australian regulator promises big bank lawsuits by year-end: media SYDNEY (Reuters) – Australia’s investment regulator plans to file lawsuits against some the country’s biggest financial companies within weeks after it reported an increase in active investigations, media reported on Monday. The Australian Securities and Investments Commission (ASIC) alsoRead More →
Markets are gearing up for more volatility Are you tired of being told to fasten your seat belt? The next few weeks are chock-full of big events that could spell heartburn for global financial markets. Investors will need a strong stomach to get through international trade disputes, Britain’s march towardRead More →
The human mind is an amazing thing, but it’s certainly not infallible. Sometimes assumptions, misconceptions and biases shape our decisions in ways that run counter to our best interests. A few months ago, I joined a couple of my colleagues for a fascinating conversation about the cognitive biases that shapeRead More →
Are you really a contrarian investor? If so, you may be interested in an industry that has been loathed by many investors, but which Evermore Global Advisors thinks will rebound. David Marcus, CEO of Evermore Global Advisors, and Thomas O, a portfolio manager at Evermore, say marine shipping offers aRead More →
© Reuters. The London Stock Exchange Group offices are seen in the City of London, Britain By Marc Jones LONDON (Reuters) – World stocks fell for a third straight day on Tuesday, as a stinging warning came from German chemicals giant BASF about the effects of the global trade warRead More →
© Reuters. Apartment ads with Chinese characters are posted in a leasing company in Pasay City By Karen Lema MANILA (Reuters) – Tessie, her husband and their adult son recently vacated their home of 37 years in a Manila suburb to make way for some unfamiliar tenants – 20 ChineseRead More →
© Reuters. FILE PHOTO: A view of the headquarters of state owned oil company Pemex in Mexico City MEXICO CITY (Reuters) – An $8 billion syndicated loan to Mexico’s national oil company Pemex is a sign of confidence by more than 20 banks involved in the operation, Mexican President AndresRead More →
© Reuters. An Airbus A330 NEO performs at the 53rd International Paris Air Show at Le Bourget Airport near Paris, By Alistair Smout and Tim Hepher LE BOURGET, France (Reuters) – Airbus sealed deals with big buyers for its latest passenger jet at the Paris Airshow on Wednesday, battling backRead More →
© Reuters. FILE PHOTO: A NATO AWACS (Airborne Warning and Control Systems) aircraft approaches to the Air Base number 5 during the Real Thaw 2018 exercise in Monte Real By Andrea Shalal PARIS (Reuters) – NATO faces significant costs if it does not act soon to choose a successor forRead More →
Two hefty acquisitions by Alphabet Inc. and Salesforce.com Inc. in the exploding arena of Big Data appear to be expensive moves to shore up their competitive stances against an older but wiser software behemoth, Microsoft Corp. On Monday, Salesforce CRM, -5.26% said it would buy Tableau Software Inc. DATA, +33.70%Read More →
