© Reuters. FILE PHOTO: U.S. dollar banknote is seen in this picture illustration By Tom Westbrook SINGAPORE (Reuters) – The dollar has sunk through major support levels and looked set for its worst week in a month on Friday, as its accelerating slide sucked in more short sellers keenRead More →
WASHINGTON — The U.S. and China are about to declare a pause in their trade war by signing an initial pact at the White House this week, but a continuing battle over technology is bound to keep relations between the two superpowers on edge. The Trump administration’s immediate focus isRead More →
© Reuters. GM Union Is Poised to Ratify Contract, End Strike in Sixth Week (Bloomberg) — General Motors Co (NYSE:). employees are voting in favor of the tentative labor agreement reached with the United Auto Workers, ratifying a new contract and ending a strike that has cost the company aboutRead More →
Semiconductor stocks aren’t for the faint of heart. But if you can withstand the volatility, they have proven to be excellent long-term investments. The group has been greatly affected by the trade conflict between the U.S. and China, as computer chips are the U.S.’s third-largest export, according to the SemiconductorRead More →
Apple Inc. shares surged Monday, pushing the company toward $1 trillion in market value, following a prediction that the stock will rise more than 20% on stronger-than-expected sales of new iPhone 11 models. Apple’s stock AAPL, +2.39% was up 2.4% in afternoon trading Monday to pace the Dow Jones IndustrialRead More →
(Bloomberg) — British Airways is preparing to cancel nearly all its flights on Monday and Tuesday after pilots vowed to strike following a breakdown in talks over a new contract, according to a person familiar with the matter. The U.K. carrier will scrap both short and long-haul destinations, said theRead More →
© Reuters. Hedge fund-backed reinsurance duo poised for performance uptick: Barron’s NEW YORK (Reuters) – Two reinsurance firms backed by prominent hedge funds are considered good investments as their share price performance has yet to benefit from the sector’s improved pricing outlook, according to Barron’s. Both Greenlight Capital Re andRead More →
By Edward Taylor FRANKFURT (Reuters) – BMW (DE:) board member Oliver Zipse, a 55 year-old company veteran, is the front runner to become the carmaker’s new chief executive, sources said on Friday after Harald Krueger announced he would not stay on beyond April 2020. Krueger said he would not seekRead More →
U.S. stock futures retreated Friday morning, a reversal after the three main benchmarks ended a holiday-shortened session on Wednesday all at records on the same day for the first time in 17 months. Investors eagerly awaited a key read on the labor market. U.S. markets were closed on Thursday forRead More →
Stocks on Wednesday were poised to extend a potent advance after Federal Reserve Chairman Jerome Powell implied that the central bank would cut borrowing costs if financial conditions showed signs of weakening from tariff tensions. How are benchmarks faring? Futures for the Dow Jones Industrial Average YMM19, +0.60% were upRead More →
Plant-based meat is going to be huge in the near future and Beyond Meat Inc. “is a true disruptor and innovator” in the industry, according to JPMorgan analysts. Shares of Beyond Meat BYND, +10.54% jumped 8% on Tuesday after the company was initiated at overweight with a $97 priceRead More →
Stocks have spent May eating the bond market’s dust as concerns grow around an escalating U.S.-China trade battle and related fears of an economic slowdown. But history indicates stocks could be due to make up some lost ground before the week is out, analysts said. Here’s the setup, according toRead More →
Getty Images A customer with a loaded cart heads for her car after shopping at BJ’s Warehouse. The numbers: A survey of U.S. economic conditions rose for the third straight month in April, touching 112.1, the Conference Board said Friday. April’s reading reflected a 0.2% gain over March, following aRead More →
Gannett Co. is poised to retain control of its entire board in a proxy fight with a hedge-fund-backed rival that made a hostile bid for the USA Today owner, according to people familiar with the matter. Based on the shareholder votes that have been cast so far, Gannett’s GCI, +1.60%Read More →
