Check out the companies making headlines after the bell: Costco shares tumbled nearly 2 percent after hours, despite the company posting higher-than-expected fourth-quarter earnings. Yum China‘s stock increased 1 percent in extended trading after the company reported better-than-expected third quarter earning and CEO Micky Pant announced that he will step down on March 1. Meanwhile, […]
Read moreHow much more can we pack on to the markets? That’s the question the trading community is asking Thursday as we hit new highs in the S&P 500 for the sixth straight day … the longest streak of record closes since 1997. Here’s the witch’s brew that has been powering stocks forward: Tax cuts: Tax […]
Read moreAfter slipping a bit to settle at $49.98 on Wednesday, crude oil rose on Thursday to finish the session at $50.79. And while oil’s recent moves may seem moderate, the commodity’s flirtations with the $50 per barrel mark give the daily machinations of oil prices great moment, according to RJO Futures senior market strategist Phillip […]
Read more
Wall Street’s fear gauge posted its lowest close ever Thursday as U.S. stock markets continued to mark record highs in a seemingly unstoppable march higher. The CBOE Volatility Index, or VIX, ended the day at 9.19, down nearly 5 percent since Wednesday. This widely followed index reflects the bets of options traders on the direction […]
Read more
Netflix hit an all-time high on Thursday, but Todd Gordon says the charts show more records are ahead for shares of the streaming giant. The stock surged more than 5 percent on Thursday after an announcement that the company would be increasing the monthly price of its most popular streaming service by 10 percent. That, […]
Read moreThe attorney who helped a group of Facebook shareholders sue to stop Mark Zuckerberg’s plan to reclassify the company’s shares says the CEO’s “biggest weakness” is a board that lacks diversity. “He’s surrounded himself with people just like him — Silicon Valley entrepreneurs,” says Stuart Grant, who deposed the Facebook founder during a lawsuit filed […]
Read moreFinancial stocks are set for additional gains, even after a 10 percent rally over the past month, according to chart analysts at Strategas Research Partners. “The relative performance of the financials sector has also reaccelerated over recent weeks and is on the cusp of making new highs,” wrote the Strategas team led by Chris Verrone. […]
Read moreSpaceX president and COO Gwynne Shotwell called for deregulation as space industry executives met with White House officials Thursday at the first National Space Council since it was disbanded in 1993. “If we want to achieve rapid progress in space, the U.S. government must remove bureaucratic practices that run counter to innovation and speed,” Shotwell […]
Read moreKrishna Bharat, one of the engineers who helped lead and create Google News, recently called the product “shameful and irresponsible,” after Google highlighted content from illegitimate sources. Bharat — who is no longer with Google — was specifically referring to an incident in which Google News surfaced threads from 4Chan that had identified the wrong […]
Read moreIndia has long been the dominant power in South Asia but as Beijing invests millions in the region, New Delhi is looking to defend its sphere of influence. India must play to its strengths instead of attempting to match Chinese capital, a panel of experts at the World Economic Forum’s India summit said in response […]
Read more