Five stocks in the S&P 500 have risen by more than 50 percent this year: Vertex Pharmaceuticals, Activision Blizzard, Align Technology, CSX and Wynn Resorts. Which one has the best shot at continuing its rally through the rest of the year? Chad Morganlander, portfolio manager at Washington Crossing Advisors, would put his money on shares […]
Read moreApple is gearing up to launch three new iPhones in 2018, according to Japanese financial news outlet Nikkei. Previous reports said Apple plans three new iPhones for this September. Citing two industry sources, Nikkei said next year’s phones will pack brighter and more colorful OLED displays. Apple is only expected to offer a new OLED […]
Read moreThe number of Americans filing for unemployment benefits unexpectedly rose for a third straight week last week, likely as some automakers closed assembly plants for the annual summer retooling. Initial claims for state unemployment benefits increased 4,000 to a seasonally adjusted 248,000 for the week ended July 1, the Labor Department said on Thursday. Data […]
Read moreQatar Airways Chief Executive Akbar al-Baker said on Thursday the Doha-based carrier would soon start buying shares in American Airlines “depending on the share price.” The state-owned company notified American Airlines last month that it was interested in buying up to 10 percent of its shares. Al-Baker told reporters in Dublin that Qatar Airways would […]
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Like Fed officials on interest rates, strategists are divided when it comes to the bond market’s direction. The 10-year Treasury note yield hit a seven-week high of 2.357 percent on Wednesday ahead of the release of the minutes from the Federal Reserve’s June meeting. It finished the day slightly lower at 2.32 percent. The note’s […]
Read moreCurrency, United States Finance
Trump endorses NATO's mutual defense pact in Poland, after failing to do so on first Europe trip
President Donald Trump on Thursday explicitly endorsed NATO’s mutual defense clause after failing to do so during his previous European trip. Speaking in Warsaw, Poland, Trump defended his calls for allies in the 28-member North Atlantic Treaty Organization to pay more for their defense. He then endorsed Article 5, which ensures that allies will come […]
Read moreA daily morning look at the financial stories you need to know to start the day. STOCKS/ECONOMY -Stock futures are lower, with tech leading the way down, after Wednesday’s mixed close actually saw tech stocks rebound higher. OIL/ENERGY -U.S. crude prices are up more than 1 percent, but are still at the $45 a barrel […]
Read moreCheck out which companies are making headlines before the bell: Costco — The warehouse retailer posted a better-than-expected 6 percent rise in same-store sales for June. Yum China — The restaurant operator reported in-line profit of 27 cents per share for its second quarter. Revenue was slightly below forecasts, with same-store sales up 3 percent. […]
Read moreThe promise of faster economic growth has become a study in the triumph of hope over experience. While the June jobs report, coming on Friday, is expected to show that hiring continued at a healthy pace last month, other recent indicators in areas like consumer spending, construction and auto sales have been decidedly less robust. […]
Read moreSamsung Electronics is set to record its highest ever quarterly operating profit, which is likely to surpass that of Apple’s for the same quarter for the first time ever, analysts told CNBC on Thursday. The South Korean electronic giant is set to release earnings guidance on Friday, where it will highlight what it expects to […]
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