The expectation that the White House will enact tariffs on steel imports has options traders bullish in the short-term. “Notably the last time tariffs were placed on imported steel by President Bush in 2002 … stocks responded negatively,” MKM Partners wrote in a note. “Options activity across steel stocks has been universally bullish ahead of […]
Read moreMany retirees discover that saving for their golden years was the easy part. The challenge is making sure their spending rate avoids depleting their nest egg. A growing movement in the mutual fund world is working on solutions for that conundrum. While just a handful of so-called retirement income funds are currently available, financial advisors […]
Read moreThe Amazon Echo Dot was the most sold product during Amazon Prime Day, the company said Wednesday. Amazon said that total revenue increased more than 60 percent from last year, making it the most successful Prime Day to date. The Echo Dot helped it achieve that milestone. The discounted Echo Dot outsold thousands of items […]
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CONGRESS is sick and tired of unfair competition to America’s airlines from the three big Gulf carriers, Emirates, Etihad and Qatar Airways. So on June 28th, 17 representatives from the state of Illinois wrote a letter to the secretaries of State, Transportation and Commerce complaining about the subsidies these airlines receive from the United Arab […]
Read moreSoftware developers are impressed with Facebook’s lead over Snapchat’s platform, which may signal more bad news for Snap, according to advertising mogul Martin Sorrell. “If you went to the app developers’ conference on the West Coast, at Facebook, the people who I spoke to came away from that saying that Facebook was very successfully countering […]
Read moreAmazon shares once again crossed the $1,000 mark after the company reported Wednesday that its third annual Prime Day event was its “biggest sales day ever.” While Amazon, didn’t disclose any specific sales figures, it said sales rose more than 60 percent from the same 30-hour period last year. After the announcement, Amazon shares traded […]
Read moreShares of PayPal hit an all time high of $56.99 on Wednesday thanks to a new company partnership with Apple. PayPal announced early Wednesday that iPhone and iPad users can now use PayPal to make purchases in the iTunes App Store. The deal will help PayPal generate new revenue and attract customers who might still […]
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It turns out millennials don’t “live to ride” like their parents and grandparents did. Alliance Bernstein downgraded Harley-Davidson to market performance from outperform Wednesday following results from a recent survey that predicts no growth in bike sales as millennials enter HOG’s target demographic. The call is “based on increased conviction that motorcycle demand in the […]
Read moreGary Cohn as Federal Reserve chairman could add 5 percent to the S&P 500, CNBC’s Jim Cramer said Wednesday. “He’s a practical guy, and I think he’s not a theoretical guy. I think he is a guy who understands the labor force better than any of the people I’ve heard describe it,” Cramer said. A […]
Read moreAmazon’s third annual Prime Day ended with a bang. On Wednesday morning, Amazon announced its Prime Day sales this year surpassed Black Friday and Cyber Monday altogether, with the event growing by more than 60 percent from 2016. Prime members’ most popular purchase on Prime Day was the Echo Dot, Amazon said, and “tens of […]
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