Greenlight Capital’s David Einhorn said this month started out strong but has ended on a sour note, adding he doesn’t expect to show gains for the period. “The last few days have been very challenging,” the hedge fund manager said on a conference all Tuesday morning. Results for the month aren’t expected to be “materially […]
Read moreShares of chip company Qualcomm fell about 7 percent on Tuesday morning, after reports signaled more trouble between Qualcomm and Apple. The Wall Street Journal reported overnight that Apple was designing products for next year that would not include Qualcomm components, relying instead on chips from Intel and potentially MediaTek. Two unnamed sources also told […]
Read more
On Wall Street, it’s sometimes possible to see a rainbow—and maybe even find a pot of gold—without having to suffer through a downpour first. That’s the happy spin on the historical record of stock performance in years when the market prances unscathed through typically tough months of the year. Rather than “pulling forward” gains from […]
Read moreWall Street workers can expect to see higher bonuses this year, and they have the election of President Donald Trump to thank. After years of job cuts and declining salaries, Wall Street compensation is on track to rise 3.8 percent this year, according to a report from New York state Comptroller Thomas DiNapoli. That figure […]
Read moreWhen it comes to your 401(k) plan, do you know what to do? With the Affordable Care Act regulations getting all the attention, you may not have heard that 401(k) plan sponsors are now facing significantly increased risks. Developments have come up from regulators and participant litigation that now require employers offering 401(k) plans to […]
Read moreThere are two forces at work in the oil markets today creating a tug of war. On the one hand you have U.S. shale producers on a quest to reach 10 million barrels a day in production amid falling seasonal demand. On the other hand you have the perception that the oil glut that has […]
Read moreCheck out which companies are making headlines before the bell: Under Armour – The athletic apparel maker beat analysts’ estimates by three cents a share, with adjusted quarterly profit of 22 cents per share. Revenue fell short, however, and Under Armour gave a full-year forecast well shy of Street estimates. CEO Kevin Plank cited operational […]
Read moreThe recent bounce in oil could be creating a rare buying opportunity in a beaten energy name, according to one market watcher. Crude rallied to its highest level since March 1 on Monday after Bank of America and JPMorgan bumped up their forecasts for oil. According to Max Wolff, chief economist at Disruptive Technology, Exxon […]
Read moreCNBC’s Jim Cramer has noticed a lot of action in the stock market recently that, in theory, shouldn’t be happening. “This is a market that seems to have suspended nearly all of the ordinary rules that we go by. Things that aren’t supposed to happen have been happening at a faster pace than at any […]
Read moreIn 2001, Seattle-based Brooks Running made a strategic decision to focus on only one category within sports retail, and the company never looked back, according to Chief Executive Jim Weber. That category was running. For the latest quarter, Brooks reported double-digit revenue growth, boosted by sales of the company’s shoes for avid runners, including Brooks’ […]
Read more