Check out which companies are making headlines before the bell: Merck – The drugmaker earned an adjusted $1.11 per share for the third quarter, beating estimates by eight cents a share. Revenue did fall short of forecast, however. Merck reported a nearly tripling of sales for its cancer drug Keytruda, but also said a cyberattack […]
Read moreCurrency, United States Finance
Quaker and Methodist minister acquitted of BAE criminal damage after ‘greater good’ defense
Two religious men have been acquitted of criminal damage at a U.K. defense site after arguing they acted for the greater good. Reverend Daniel Woodhouse and Samuel Walton broke into a BAE Systems site in northern England in January. After being caught before reaching any hardware, they said they were trying to disable Tornado jets […]
Read moreA crisis that climaxed 20 years ago Friday rattled the NYSE floor and changed global investing. For the first — and only — time, systemwide circuit breakers shut the market before the official 4 p.m. close. It was 2:40 p.m. on Monday, Oct. 27, 1997, and the NYSE trading floor had shut down. The Dow […]
Read moreU.S. Defense Secretary Jim Mattis emphasized diplomatic efforts instead of military ones to resolve the crisis with North Korea as he stood at the tense and heavily-fortified border between North and South on Friday, saying: “Our goal is not war.” His remarks came before U.S. President Donald Trump — who has threatened to destroy the […]
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Todd Gordon is seeing something in the markets that he says is about to drive JPMorgan to new record highs. The financials sector is trading at 10-year highs. The TradingAnalysis.com founder says the recent rally in bond yields is reinforcing the surge in big banks, and there are hints of even more upside to come. […]
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FOR MANY people, the Hollywood blockbuster “Top Gun” captures the allure of becoming a pilot. In it, fighter-pilot trainees don aviator sunglasses and flight suits, and zipp about the skies to a soaring 1980s soundtrack. But despite such pop-culture appeal, America’s Air Force is struggling to capture the imagination of would-be recruits. This year it […]
Read moreU.S. economic growth probably slowed in the third quarter as hurricanes Harvey and Irma restrained consumer spending and undercut construction activity, but underlying momentum likely remained strong amid robust business investment on equipment. According to a Reuters survey of economists, gross domestic product likely increased at a 2.5 percent annual rate in the July-September period […]
Read moreIf you fancy that new iPhone X by the holiday season, you might want to get in quick. Apple refreshed its website at 12:01 a.m. Pacific time Friday morning to allow the world a chance to pre-order the new iPhone X but wait times are already on the rise. Within two hours of going on […]
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Catalan crisis reaches crucial period as Madrid looks to impose direct rule
Spain’s constitutional crisis was back in the spotlight Friday with two crucial votes taking place in both Barcelona and Madrid. The regional parliament of Catalonia is due to vote Friday on whether it should declare independence. And given that the region has a majority of pro-independence lawmakers “it appears more likely than not” that it […]
Read moreCryptocurrencies still need to be “defined” but the technology behind them will be pivotal in transforming the financial services, the chief executive of Swiss lender UBS said Friday. Sergio Ermotti told CNBC that while the bank has seen success in its trade finance blockchain platform, he was “not necessarily” a believer in cryptocurrencies. When asked […]
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