Muslims around the world began the month of Ramadan last Thursday, abstaining from food and drink during daylight hours. The Islamic lunar calendar means that the start date of Ramadan moves forward by under two weeks every year versus the Gregorian calendar. In countries near or on the equator, such as Saudi Arabia, Singapore and […]
Read moreThere is one good reason to buy the bonds of emerging market countries and corporations. They pay well. In an environment where the 10-year U.S. Treasury bond yield is struggling to hold 3 percent and the average return on long-term investment grade corporate bonds is barely above 4 percent, the more than 6 percent average […]
Read moreAuto stocks rose Tuesday after China said it will slash tariffs on some car parts and vehicles as part of ongoing trade negotiations with the United States. The Chinese Finance Ministry said tariffs on certain vehicles will come down to 15 percent from as much as 25 percent while levies on some parts will be […]
Read moreCalling a bottom in General Electric has been among the more painful and fruitless endeavors on Wall Street over the past decade. With shares now touching a three-month high, many are hoping the worst is finally behind the ailing industrial giant. A top technical analyst has a simple message: Don’t hold your breath. “The stock […]
Read moreMacy’s stock will rise on improving consumer spending and apparel sales, according to one Wall Street firm. Susquehanna raised its rating to positive from neutral for Macy’s shares, predicting the retailer will report earnings above expectations this fiscal year. “We now believe that Macy’s has upside potential to conservative earnings guidance as the fundamental strength […]
Read moreCheck out the companies making headlines before the bell: Kohl’s – The retailer beat Street forecasts by 14 cents a share, with adjusted quarterly profit of 64 cents per share. Revenue beat estimates, as well. Comparable-store sales were up 3.6 percent, better than the Thomson Reuters consensus estimate of a 2.7 percent gain. Kohl’s also […]
Read moreCurrency, United States Finance
Facebook’s Mark Zuckerberg is heading to Brussels — here's what European lawmakers want to know
Facebook CEO Mark Zuckerberg is set to meet with lawmakers in Europe on Tuesday as concerns over the way his company handles its users’ data continue to pile up. Antonio Tajani, president of the European Parliament, announced Monday that the meeting with Zuckerberg would be webcast live. It is set to be broadcast on the […]
Read moreA former software engineer at Uber Technologies filed a lawsuit on Monday against the ride-hailing service on Monday, claiming she was subjected to years of sexual harassment there and subjected to retaliation for complaining about it. The lawsuit by Ingrid Avendano provides an early test of Uber’s new policy allowing people claiming sexual harassment and […]
Read moreSelf-driving cars are scaring more Americans than they used to. More people now say they would not ride in a fully autonomous car than those surveyed in late 2017, according to AAA. Some 73 percent of U.S. drivers surveyed by AAA said they would be afraid to ride in a self-driving vehicle, a 10 percent […]
Read moreDonald Trump’s approach to foreign relations has never been subtle. But the president’s recent declarations about leveling the trade playing field with China, premised on market competition, are more political than economic, the chief executive of Barings said Tuesday. “It’s definitely about voters now and that’s where you get the rhetoric,” Tom Finke, CEO and […]
Read more