Check out the companies making headlines before the bell: Walgreens Boots Alliance – Walgreens – the newest Dow component – reported adjusted quarterly profit of $1.53 per share, 5 cents a share above estimates. Revenue beat estimates, as well, and the drugstore operator also authorized a $10 billion share repurchase program and raised its quarterly […]
Read moreConfused yet? Stocks have been a mess this week. The S&P 500 is up only 1.6 percent so far this year, its worst first half showing since 2015. Sectors that were market leaders through most of the quarter — small caps, FAANG stocks, semiconductors — have weakened as the quarter is closing. While trade issues […]
Read moreThe ceremonial groundbreaking for a massive $10 billion Foxconn factory complex in Wisconsin was supposed to be evidence that the manufacturing revival fueled by President Donald Trump’s “America First” policy is well underway. But an announcement this week by Harley-Davidson that it is moving some production of motorcycles overseas to avoid tariffs is fueling unease […]
Read moreHealth care startup says A.I. can diagnose patients better than humans, doctors call claim 'dubious'
Health care start-up Babylon Health has said that its artificial intelligence (AI) is able to diagnose medical conditions as accurately as a doctor, but physicians have called the claims “dubious.” Babylon has created a chatbot that lets you talk with an AI that can interpret symptoms and tell a person what the problem is. It […]
Read moreA federal court in Dallas on Wednesday halved the $500 million verdict that a jury ordered Facebook, its virtual reality unit Oculus, and others to pay ZeniMax Media, a video game publisher that alleged Oculus stole its technology. U.S. District Judge Ed Kinkeade also turned down ZeniMax’s request for a ban on the sale or […]
Read more
It’s a big bust in the big bank space. Financials just extended their losing streak into a 13th straight session, a record for the sector. The XLF financial ETF‘s sell-off has caused major technical damage to the charts, according to Matt Maley, equity strategist at Miller Tabak. “Look at that XLF, it’s broken some key […]
Read moreAs farmers face new challenges, from higher tariffs to extreme weather, Ceres Imaging is helping them optimize their crop production with sensors, software and aircraft. Ceres started out building drones specifically for agricultural use. But like Facebook, which recently shuttered its solar plane project, Ceres found another way to deliver its services. Now, the Oakland, […]
Read moreA pickup in production of Tesla’s Model 3 cars, after earlier delays, has resulted in occasional battery cell shortages, a Panasonic official said on Thursday in a sign Tesla is in overdrive to meet its end-June forecast. Silicon Valley tech billionaire and Tesla Chief Executive Elon Musk earlier this month said his company should achieve […]
Read moreThe future of the European Union (EU) rests on the bloc’s ability to find a diplomatic answer to the migration crisis, German Chancellor Angela Merkel said Thursday. EU leaders are meeting in Brussels, Belgium on Thursday and Friday to try to wrangle a solution on migration, with the issue leaving Merkel’s own political fate hanging […]
Read moreCurrency, United States Finance
For China, an intentional weakening of its currency would be ill-timed
As trade tensions flare up between the U.S. and China, many investors are asking whether Beijing will look to weaken its own currency to retaliate against Washington tariffs. The Chinese yuan, which trades in a band versus the dollar, has now weakened to its lowest level since December 20 and saw a daily loss of […]
Read more