This article originally appeared on The Hill. The Treasury Department needs the president and Congress to pass a law raising the United States debt limit, or they may soon run out of money to pay their bills, and it could cost the country even more money down the road. President Trump and Senate Majority Leader […]
Read more
Part of the tax plan President Donald Trump unveiled this week includes giving companies breaks on profits earned overseas, an idea that has provided little economic benefit in previous attempts. The move would allow corporations to bring those earnings back home at a sharply reduced rate. A similar effort more than a decade ago provided […]
Read moreCNBC’s Jim Cramer called Wells Fargo a “rogue bank” on Thursday after the bank said it uncovered much more potentially unauthorized consumer and small-business accounts than originally thought. On Thursday, Wells Fargo said its review of 165 million retail accounts opened from January 2009 to September 2016 identified 3.5 million as potentially unauthorized, up from […]
Read moreCheck out which companies are making headlines before the bell: Campbell Soup – The food company became the latest in the industry to miss estimates and cite a challenging environment. Campbell earned an adjusted 52 cents per share for its latest quarter, three cents a share short of forecasts. Revenue also missed analysts’ expectations and […]
Read moreThe 2017 rally may be about to suffer a plot twist. The stock market could be close to hitting a wall, warns David Bianco of Deutsche Asset Management. “I do think we’re going to have about a 5 percent pullback that puts the S&P at about 2,300,” Bianco, who is the firm’s chief investment strategist, […]
Read moreThe takeovers are coming, the takeovers are coming! At least that’s what CNBC’s Jim Cramer thinks based on the stock market’s response to some recent, large-scale combinations. “It’s pretty simple: the upward movement in the stocks of the acquirers is going to drive the takeover bus,” the “Mad Money” host said. Cramer began with the […]
Read moreIt hasn’t been an easy year for Hain Celestial Group founder, Chairman, President and CEO Irwin Simon. “I went through a year of hell,” Simon told CNBC’s Jim Cramer in a Wednesday interview on “Mad Money,” referring to a lengthy accounting probe into Hain’s financial practices. In his 24 years at Hain, Simon said “2017 […]
Read more
Technician Louise Yamada says there’s one chart showing that gold’s shining rally is far from over. Gold has surged 14 percent this year, and on Tuesday settled at an 11-month high of $1,318.90. This brought the precious metal decisively above the $1,300 level where it topped out several times before. Yamada’s chart of gold dating […]
Read more
It’s been a very sleepy week for Wall Street thus far, despite plenty of market-moving headlines. As of Wednesday afternoon, just over 13 billion shares had been traded for the week, on track to be the lowest weekly volume since last Christmas. Weekly US composite volume Source: FactSet Of course, seasonality is playing a big […]
Read moreThe New York Stock Exchange filed a proposal on Tuesday to delay the release of important company news immediately after official closing time to reduce investor confusion and market disruption. Publishing information after 4:00 p.m. can cause a company’s stock to trade in other markets at materially different prices than that of NYSE’s closing auction, […]
Read more