Any shake-ups in the Trump White House won’t fundamentally change the story in stocks, money manager and popular blogger Josh Brown told CNBC on Friday. U.S. stocks turned higher Friday after a report by The New York Times said that President Donald Trump has removed his chief strategist, Steve Bannon. Axios first reported that Bannon […]
Read moreA feel-good video producer and distributor will begin trading its shares on the Nasdaq global market Friday after raising $30 million in a crowdsourced initial public offering. With actor Ashton Kutcher on board as an executive producer and collaborator, Chicken Soup for the Soul Entertainment will list under the ticker symbol “CSSE.” The company sold […]
Read moreThe second-quarter results are in, and Wall Street loves what it’s seeing. After an impressive double-digit gain in the first quarter, the S&P 500’s earnings per share increased another 10.8 percent through July after companies reported their numbers. That marks the first time the index has posted two quarters in a row of double-digit gains […]
Read moreIf more than one member of President Donald Trump‘s team resigns, the Dow could fall 500 points or more, closely followed trader Art Cashin told CNBC on Friday. “If you had more than one resignation … I think it would have a very formidable effect — 500 or 1,000 points on the Dow possibly,” UBS’ […]
Read moreBlackstone’s Byron Wien, who’s been working on Wall Street for more than a half century, thinks the recent stock market weakness on diminishing prospects for President Trump’s business-friendly agenda is nothing for investors to panic about. “I’m worried he won’t get a lot of his program through, but offsetting that is the economy doing better […]
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Stocks have been surprisingly resilient in the face of bigger picture risks around the world, though some would argue that it isn’t all that surprising. There hasn’t been a significant pullback in the U.S. markets since the end of 2015 into early 2016, when the S&P 500 fell by around 14 percent between early November […]
Read moreAs the political turmoil and high stock valuations in the U.S. create an uncertain market for investors, emerging markets appear to be facing a goldilocks global environment. Fairly synchronized growth recovery, low inflation and amply accommodative monetary policy in advanced economies have created a sweet spot for the developing nations. Indeed, growth is picking up […]
Read moreWhy did Goldman Sachs do so poorly trading in its second quarter earning report, while its competitors such as Morgan Stanley did better? That was the big question asked by many investors and we’re beginning to find out the reason. Wall Street Journal is reporting Goldman’s weak trading results were partly due to a bad […]
Read moreBy one measure, the market is now more expensive that it has been since just after the dot-com bubble popped. Some strategists are concerned about stocks trading at such multiples, but others say earnings growth is somewhat justifying current valuations. The S&P 500’s forward price-earnings ratio just hit its highest level in 13½ years, according […]
Read moreCheck out which companies are making headlines before the bell: Foot Locker – The athletic footwear and apparel retailer earned an adjusted 62 cents per share for its second quarter, well below estimates of 90 cents a share. Revenue missed forecasts, and same-store sales fell 6 percent compared to the consensus Thomson Reuters estimate of […]
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