There has been a lot of talk in the world of exchange-traded funds that giants like Vanguard Group, BlackRock‘s iShares and Charles Schwab are headed in the direction of trading without any management fee at all. We’re not there yet, but Vanguard Group is making a major move related to ETF fees that no other […]
Read moreCasino stocks fell sharply on Monday on weaker-than-expected gaming revenue data out of Macau. Macau’s Gaming Inspection and Coordination Bureau said gaming revenue for June increased by 12.5 percent to $2.78 billion on a year-over-year basis. Analysts polled by Reuters expected revenue to jump between 17 and 21 percent for June. Shares of Wynn Resorts […]
Read moreIn 2017 nearly every stock market around the world was up, and the term “synchronized global growth” was trending among investors. Now with markets around the world teetering on correction levels — from Argentina and Brazil to Germany, India and China — and White House officials saying President Donald Trump will proceed with his trade […]
Read moreThe second half of 2018 will be tough for investors as they grapple with rising trade tensions and higher interest rates, according to Goldman Sachs. Companies with strong balance sheets, however, should do well in the tough times ahead as they can better deal with higher borrowing costs and overall volatility. Equities posted a mixed […]
Read moreStocks right now are hanging by a thread, boosted by a bonanza of corporate buying unrivaled in market history and held back by a burst in investor selling that also has set a new record. Both sides are motivated by fear, as corporations find little else to do with their $2.1 trillion in cash than […]
Read moreShares of Nordstrom tumbled 3 percent in early morning trading Monday after the stock was downgraded as same-store sales at the upscale retailer’s brick-and-mortar locations decline and its chain of discount stores, Nordstrom Rack, comes under pressure. Cowen and Co. lowered its rating to market perform from outperform and dropped its share price target to […]
Read moreJ.P. Morgan warned General Electric shareholders that the industrial conglomerate’s turnaround strategy will not lead to a higher stock price. The firm reiterated its underweight rating for GE shares, citing the company’s high valuation. Last week the company announced plans to spin off its health-care unit and separate its stake in oil services company Baker […]
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The markets just closed out what proved to be a volatile first half of the year. Federal Reserve rate hikes, escalating trade tensions and tumbling foreign markets all helped push the Dow Jones Industrial Average to a 1.8 percent loss in the first half, the worst first-half performance in eight years; U.S. equity futures pointed […]
Read moreThe Federal Reserve Bank and the bond market are at odds over the outlook for the U.S. economy and inflation. Despite two hikes of the Federal Funds rate this year, ranging between 1.75 percent and 2.0 percent, long-term rates have not kept pace, causing the yield curve to flatten and stoking fears of a recession. […]
Read moreCheck out the companies making headlines before the bell: Dell Technologies Class V – The computer maker announced a buyout of the shares that track the performance of its cloud software unit, VMWare, which itself is a publicly traded company. The deal exchanges DVMT shares for either cash or shares of a new class of […]
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