General Electric may likely cut its dividend soon as it looks to simplify its businesses and streamline its accounting under a new CEO after years of “financial engineering,” according to Goldman Sachs on Tuesday. “Our fresh look at GE’s fundamentals leaves us incrementally bearish, as we see a significant EPS/FCF reset and a potential dividend […]
Read moreMobile navigation device company Garmin has announced a new speaker that includes integration with Amazon’s virtual assistant Alexa. It’s the first product to give Alexa mapping capabilities, which is one of the things that other in-car Alexa solutions (such as those from Ford) have been missing. The device is compact, measuring 1.5 inches with an […]
Read moreThe flow of U.S. investment to Greece is taking on a new urgency as the Trump administration looks to shore up economic and defense cooperation with a key NATO ally. On Tuesday, Oct. 17, President Donald Trump will meet with Greek Prime Minister Alexis Tsipras to discuss these issues. Foreign Minister Nikos Kotzias, Defense Minister […]
Read moreCheck out which companies are making headlines before the bell: UnitedHealth Group – The nation’s largest health insurer reported adjusted quarterly profit of $2.66 per share, ten cents a share above estimates. Revenue was slightly short of forecast, but the company is also predicting full-year profit of $10 per share, 13 cents a share better […]
Read moreDonald Trump‘s fortune fell by $600 million, and the president is now tied with Snap founder Evan Spiegel on Forbes’ 2017 ranking of the 400 richest Americans. Trump ranks No. 248 on the billionaires list this year with a net worth of $3.1 billion, according to Forbes, which released the rankings Tuesday. Trump ranked No. […]
Read moreCurrency, United States Finance
Goldman sees US-Iran tensions presenting long-term threat to global oil supply
Goldman Sachs said Tuesday that while clashes in the Kurdistan region of Iraq posed a risk to oil output, intensifying geopolitical tensions between the U.S. and Iran remained a more formidable and longer-term threat to global oil supply. After several weeks of fairly flat trade, a risk premium has returned to oil markets and boosted […]
Read moreCryptocurrencies like bitcoin are in a “speculative bubble” and are unlikely to become mainstream currencies, according to UBS. There are over 1,000 cryptocurrencies, bitcoin being the biggest by market capitalization, and many have seen huge rises in value over the past few years. Bitcoin for example is up over 470 percent year-to-date. “We think the […]
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AT A time when all aspects of air travel seem to come with a price tag, one service quite suddenly has become free. And it is not in-flight dining or checking in a bag or securing an exit-row seat. The increasingly common free service is onboard messaging. Earlier this month, Delta Airlines began allowing passengers […]
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The Investors Intelligence Bull/Bear ratio has climbed back above 4 for the first time since April 2015 — which ironically may serve as a bad sign for the market. “It does make me nervous, because we’re getting very, very frothy on these social indicators,” trader and strategist Boris Schlossberg of BK Asset Management said Monday […]
Read moreWashington has slapped a 300 percent trade tariff on Bombardier, accusing the Canadian aerospace firm of both receiving state aid and potentially “dumping” its new plane on the U.S. market. The U.S. Department of Commerce (DoC) issued the preliminary ruling last month after Boeing requested action, fearing Bombardier’s C-Series jet could hurt profit levels at […]
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