TradingAnalysis.com founder Todd Gordon said that the market is potentially on the verge of a major move out of a consolidation phase, and there’s one sector that he sees breaking out. Of the 11 sectors of the S&P 500, Gordon believes consumer discretionary is set to rally along with the broader market. The chart-minded trader […]
Read moreThe Indian government has issued a stern warning to Cambridge Analytica, the now-defunct political consultancy, over its operations in the country. The embattled former firm had “better come on board or face the consequences,” Ravi Shankar Prasad, India’s minister for its Information Technology and Law and Justice departments, told CNBC on Tuesday. Former Cambridge Analytica […]
Read moreCurrency, United States Finance
President Donald Trump and German Chancellor Angela Merkel put a brave face on the war of words taking place on the sidelines of a NATO summit in Brussels on Wednesday. Leading up to the meeting, Trump took several opportunities to criticize Berlin for its low level of spending on defense, despite a 2014 voluntary commitment […]
Read moreCongressional Republicans who oppose the Trump administration’s mounting trade conflicts around the globe appear increasingly helpless as the president threatens more tariffs on top trading partners. As a trade war with China could widen and damage a broader swath of the U.S. economy ahead of November’s midterm elections, GOP lawmakers hold little leverage over a […]
Read morePfizer‘s announced reorganization could lead to an eventual spin off of its consumer health-care business, CNBC’s Jim Cramer said on Wednesday. The drug giant said it would reorganize into three units: Innovative Medicines, Established Medicines, and Consumer Healthcare, which it had been trying to sell since last year. The changes take effect at the start […]
Read moreCurrency, United States Finance
The negative implications of Germany, and other European countries, being too beholden to Russia for energy should concern President Donald Trump and the broader NATO alliance, according to a former diplomat who advised both Republican and Democratic administrations. But for the U.S. president to say “Germany is a captive nation of Russia, that’s just a […]
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I have a trick you should try if it seems like your phone is constantly dropping a data connection. Turn off your Wi-Fi. I know, it sounds silly, but let me explain. Here’s the scenario: you’re walking down the street trying to find directions in Google Maps or streaming music, when suddenly Google Maps won’t […]
Read moreShares of American Airlines tumbled more than 5 percent Wednesday after the world’s largest carrier trimmed its outlook for second-quarter revenue growth. Revenue for each seat it flies a mile, a key revenue metric, likely grew 1 percent to 3 percent in the three months ended in June, down from a previous forecast of 1.5 […]
Read moreOne of the greatest triumphs the United States has made in medical care is the steady progress in preventing and treating heart disease. It is still the No. 1 cause of death in America. That’s why any step in the wrong direction attracts expert attention. In 2015 heart disease deaths suddenly went up for the […]
Read moreGoogle parent company Alphabet just spun out two more subsidiary companies. Project Wing, its drone delivery system, and Project Loon, which makes internet-delivery balloons, both “graduated” from Alphabet’s X research division to become separate, independent businesses. Loon will be led by executive Alastair Westgarth, while James Ryan Burgess is the new CEO of Wing. These […]
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