Fitbit has made its first-ever start-up investment, putting more than $6 million into an enterprise called Sano, which is developing a coin-sized patch that tracks blood sugar levels to help control diabetes. Building blood-sugar tracking into a future device could dramatically increase the market for Fitbit devices since more than 100 million Americans are now […]
Read moreThe retail industry is about to get a big boost from Republican tax cuts, setting the sector up “exceptionally well” in the new year, according to one of Wall Street’s biggest banks. Barclays raised its rating on Target and Lowe’s stocks on Friday, citing numerous benefits for the retail sector as a result of the […]
Read moreThe U.S. economy added a disappointing 148,000 jobs in December while the unemployment rate held at 4.1 percent, according to a Labor Department report Friday. Economists surveyed by Reuters had been expecting nonfarm payrolls to grow by 190,000. The total was well below the November pace of 252,000, which was revised up from the initially […]
Read moreJust two days after California began sales of legalized adult-use cannabis, Attorney General Jeff Sessions decided to rescind the Justice Department’s Cole Memorandum. This Obama-era document listed guidelines for states that legalized marijuana. Sessions decision, however is more bark than bite because it doesn’t change the Rohrabacher-Blumenauer amendment which cut off funds to the Justice […]
Read moreCheck out which companies are making headlines before the bell: Sears Holdings — The company announced Thursday it is closing 64 Kmart stores and 39 Sears establishments. Sears said the shutdowns are expected to start between early March and April. Constellation Brands — The beer maker reported better-than-expected quarterly earnings. The company also raised its […]
Read moreCurrency, United States Finance
Oil likely to see downward correction over the coming months, Commerzbank says
Oil traders should expect prices to pullback by at least 15 percent over the coming months, according to a senior analyst at Commerzbank. Oil prices rose to their highest levels since mid-2015 on Wednesday amid political unrest in Iran, despite analysts saying there was little risk of supply disruption from OPEC’s third largest producer. And […]
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Investors have been binging on Netflix this week, sending the stock to all-time highs. TradingAnalysis.com’s Todd Gordon says the streaming platform’s run is hardly done. According to Gordon, the stock just broke out of a consolidation near the $200 region, and based on one market theory Netflix is set to soar higher. Gordon is basing […]
Read moreMorgan Stanley said on Friday it would take a $1.25 billion hit in its fourth-quarter earnings due to a cut in the corporate tax rate as part of the U.S. tax code overhaul. The net blow of the bill to the bank will include about a $1.4 billion net discrete tax provision, mainly due to […]
Read moreInvestors are piling into AMD shares and selling Intel stock after major chip security vulnerabilities were revealed earlier this week and it totally makes sense. Enterprises will logically diversify their chip security architecture risk for mission critical applications by buying more AMD server chips in the future. The company’s “architecture differences” have proven immune to […]
Read moreChina’s Commerce Ministry said on Friday it will limit exports of crude oil, refined oil products, steel and other metals to North Korea, in line with tough new sanctions imposed by the United Nations for Pyongyang’s missile tests. The statement comes after the U.N. Security Council last month unanimously voted in favor of new penalties […]
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