Airline stocks fell in the premarket Wednesday after United Continental’s growth plans raised concern it could drive down fares. Shares of United pulled back 6.7 percent and were the biggest decliners in the S&P 500. Delta Air Lines fell 4.6 percent, while American Airlines and Southwest Airlines declined 4.5 percent and 4.1 percent, respectively. United […]
Read moreCheck out which companies are making headlines before the bell: Comcast – The NBCUniversal and CNBC parent reported adjusted fourth-quarter profit of 49 cents per share, 2 cents a share above estimates. Revenue topped forecasts, as well, and Comcast announced a 21 percent dividend increase. The company also said it would repurchase at least $5 […]
Read moreMexico’s Finance Minister Jose Antonio Anaya appeared confident in the future of the North American Free Trade Agreement (NAFTA), telling CNBC Wednesday that dialogue between the trade partners was ongoing. “Our central scenario is that this will go to a good deal,” Anaya said while at the World Economic Forum at Davos. “We believe trade […]
Read moreNot all market watchers have cheered Wall Street’s bounds from record to record this year. Max Wolff, chief economist at The Phoenix Group, sees a potential end for the S&P 500’s meteoric rise. “A string of sugar highs feel better and look better than a longer sustainable kind of run, but a longer sustainable run […]
Read moreJ.P. Morgan chief Jamie Dimontold CNBC on Wednesday that the tax cut will drive wages higher and spark an economic boom. “I think it’s possible you’re going to hit 4 percent some time this year,” Dimon said in an interview at the World Economic Forum in Davos, Switzerland. “I promise you, we are going to […]
Read moreCurrency, United States Finance
Every leader in the world should promote the MeToo movement, says Bollywood star Shah Rukh Khan
Bollywood star Shah Rukh Khan has urged world leaders to support the MeToo movement at the World Economic Forum (WEF) in Davos, Switzerland. “This uprising that is happening in America, which is spreading all over the world, with the hashtag MeToo, is actually a sign of (the) times, it is what is the truth, what […]
Read moreDespite peace gestures tied to next month’s Pyeongchang Winter Olympics, officials in South Korea are worried the U.S. may be preparing for military action against North Korea. The concern is that even a limited strike, or a so-called “preventive attack” being pushed by some hawks in the Trump administration, could spark a major response from […]
Read moreIn what appears to be a thinly-veiled attack on the U.S. administration, the founder and executive chairman of the e-commerce behemoth Alibaba said trade should not be used as a weapon. “Don’t use trade as the weapon, use trade as the solution to solve the problems,” Jack Ma said at a panel on the future […]
Read moreThe bitcoin boom may be far from over. Bespoke Investment Group’s Dan Ciotoli believes the cryptocurrency’s price could nearly triple by the end of the year — declaring that the January crash is likely behind it. “There was a big run-up in December, and then we kind of saw these get-rich-quick-investors exiting the space. Everyone […]
Read moreSpring has sprung early in this housing market. Buyers, seeing a new trend toward higher interest rates, are rushing in before the first buds appear. Mortgage applications rose 4.5 percent last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted report. Application volume was 6.1 percent higher than the same week […]
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