AT&T and Time Warner will find out their collective fate Tuesday when U.S. District Court Judge Richard Leon determines if the companies can merge. While the government and AT&T could appeal, the decision will have wide-ranging effects across the U.S. telecommunications world. Here’s how the following companies could be affected: If the deal is approved: […]
Read morePaul Tudor Jones said Tuesday that a new exchange-traded fund about investing based on social impact could one day rival the benchmark U.S. stock index. “I think it’s going to be a really big ETF down the road. I think it’s going to rival the S&P and the Nasdaq because I think it has both […]
Read moreCheck out the companies making headlines before the bell: AT&T, Time Warner – AT&T and Time Warner will find out today if a judge plans to allow or block their planned merger deal. U.S. District Judge Richard Leon will announce after 4 p.m. ET whether he is siding with the Justice Department or with the […]
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Small business optimism rose in May to its highest in more than 30 years, helped by all-time highs in some key index components, the National Federation of Independent Businesses said Tuesday. Expectations for business expansion and reports of positive earnings trends hit record highs, while expectations for strong increases in real sales reached their highest […]
Read moreTesla is making significant progress in ramping up production of its Model 3 electric car, according to one Wall Street firm. KeyBanc Capital Markets significantly raised its second-quarter Model 3 delivery estimate to 30,000 from 20,000, citing its conversations with Tesla dealers. “Our checks with sales centers indicate Model 3 deliveries are tracking ~50% higher […]
Read moreThe price of bitcoin may sink even lower, cryptocurrency trader Ran Neu-Ner says. “We keep going down, and we’re testing new lows,” Neu-Ner said Monday of the cryptocurrency market on CNBC’s “Fast Money.” “Sixty-two-fifty is the next point,” said Neu-Ner, who is host of CNBC Africa’s “Crypto Trader.” “If it goes under that, we’re going […]
Read moreU.S.-based firm Valve partnered with Chinese developer Perfect World to launch its popular online PC games store Steam in China. The company, known for popular titles like “Half-Life” and “Left 4 Dead,” announced Monday that it will establish a new company called Steam China to bring its games and other products to the world’s second-largest […]
Read moreJust as investors have grown accustomed to bigger market swings, one strategist says we should return to calmer trading in the back half of 2018. Jonathan Golub, U.S. equity strategist at Credit Suisse, expects a situation reminiscent of 2017, one of the smoothest periods of trading in Wall Street history. He anticipates this even as […]
Read moreCurrency, United States Finance
Jobs outlook for UK financial services hits worst level since 2009, poll shows
Job hiring confidence in the United Kingdom’s crucial financial services sector has sunk into negative territory for the first time since the wake of the 2008 financial crisis, according to a survey compiled by the recruitment firm ManpowerGroup. Manpower’s survey of hiring intentions for the 2018 third quarter described a Net Employment Outlook of -1 […]
Read moreA momentous meeting in Singapore. A trio of top central bank meetings. Simmering trade tensions between the U.S. and foreign powers. Megamerger discussions. All of these potentially market-moving occasions are jam-packed into this week, but I’m keeping an eye on what I’m calling my #1 tradeable event this week: the Consumer Price Index due out […]
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