U.S. factory activity surged to a more than 13-year high in September amid strong gains in new orders and raw material prices, pointing to underlying strength in the economy even as Hurricanes Harvey and Irma are expected to dent growth in the third quarter. The economic outlook was also bolstered by other data on Monday […]
Read moreNordstrom‘s plan to go private is reportedly falling apart, sending the retailer’s stock tumbling. The New York Post reported Sunday, based on the publication’s conversations with sources familiar with the situation, that the department store chain hasn’t been able to secure financing following the Toys R Us bankruptcy filing. Nordstrom’s stock was falling more than […]
Read moreThe percentage of U.S. retailers with high-risk CCC ratings has doubled since the beginning of the year, according to a new report by S&P. Eighteen percent of U.S. retail ratings are in the CCC range, as the industry continues to grapple with increased competition, changing shopping patterns and steep discounts to attract shoppers. A CCC […]
Read moreFollowing a summer-long hiatus, the first Wall Street analyst to cover bitcoin, follow marijuana store sales and measure the economy by the price of a bacon cheeseburger is back. Nick Colas, formerly the chief market analyst at brokerage Convergex, is launching a newsletter this week that will deliver much the same innovative thinking for which […]
Read moreBeck Diefenbach | Reuters Sabrina Ellis, Director of Product Management at Google, speaks about the new Pixel phone during the presentation of new Google hardware in San Francisco, California, U.S. October 4, 2016. As I said earlier, I think Google’s new smartphones will be the highlight of Google’s event. The company is expected to unveil […]
Read moreGetting divorced is both complicated and challenging — for either spouse. With more women completing higher-education degrees and holding more leadership roles in the workplace, it is not unusual now for a female to be either the breadwinner in a relationship or the individual who has taken on the role of handling the financial affairs […]
Read moreSome Apple suppliers are expecting a strong Q4 as demand for AirPods and the Apple Watch surge into the holiday season. Digitimes reported that several companies that make components for the Apple Watch and AirPods — including Quanta Computer, Inventec, Universal Scientific Industrial, and two companies owned by Foxconn group — are expecting a strong […]
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Five Dow stocks tend to gain an average 8 to 10 percent in the fourth quarter, outperforming the overall market’s gains, history shows. CNBC used Kensho, a quantitative tool used by hedge funds, to find the consistent winners in the Dow Jones industrial average between September 30 and December 31 over the last 25 years. […]
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Shares of gun stocks rose in premarket trading Monday after at least 50 people died in Las Vegas in what was apparently the deadliest shooting in U.S. history. Sturm Ruger rose 4 percent. American Outdoor Brands, formerly Smith & Wesson, rose nearly 5 percent. Stephen Paddock, age 64, of Mesquite, Nevada, opened fire late Sunday […]
Read moreCheck out which companies are making headlines before the bell: MGM Resorts – The company owns the Mandalay Bay Resort & Casino, where the suspect in last night’s Las Vegas mass shooting was located when the shots were fired. The incident could also pressure promoters of live events, such as Live Entertainment. Cal-Maine Foods – […]
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